Nigeria’s oil exports are facing a significant hurdle as a decline in European demand creates a buyer’s market. This development comes at a time the nation...
Nigeria’s oil production has taken a hit due to problems plaguing the Trans Niger Pipeline (TNP), according to a statement released by the Federal Government (FG)...
One of Nigeria’s power-generating company, Geregu Power Plc, has announced a 254.37 per cent year-on-year appreciation in its revenue to N50.42bn in the first quarter of...
The executive board of the International Moneyary Fund (IMF) Friday, confirmed the re-appointment of Kristalina Georgieva to serve for a second five-year term at the helm...
Investors in the Nigerian equities market lost N412 billion at the close of trading on Friday. The stock market resumed from the Eid-El-Fitr holiday on Friday....
Guaranty Trust Holding Company Plc has unveiled plans to raise $750 million through a rights issue. The company disclosed this in a notice of the Annual...
Goldman Sachs, one of the world’s leading global financial institutions, has predicted that Nigeria’s domestic currency, the naira, could extend gains that have already made it...
Nigeria’s daily crude oil production maintains steady decline in 2024 as it dropped to 1.23 million barrels per day in March 2024 costing the country its...
The Debt Management Office (DMO) is seeking to raise N450 billion in its bond auction billed to take place on April 15. The move was in...
The Federal Government has secured a $750 million loan from the World Bank to provide subsidy to developers and operators of solar mini-grids in the country....
Following reports that cyber thieves stole $12bn from global financial institutions in the last 20 years, the International Monetary Fund (IMF) has called on Central Banks...
The Association of Bureau de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to direct non-oil exporters to hold foreign currencies...
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas...
The Chairman of Dangote Group, Alhaji Aliko Dangote, has expressed optimism that the sale of diesel at a significantly lower price by his refinery, Dangote Refinery...
Amid an ongoing legal face-off with the Nigerian government, one of the world’s top crypto platforms, Binance Holding Limited has promised to comply with laid down...
The Central Bank of Nigeria, CBN has disclosed that it expects a massive inflow of Foreign Direct Investment, FDIs, with foreign investors taking positions in Nigerian...
The Chairman of Air Peace, an indigenous carrier, Allen Onyema, has raised the alarm that foreign carriers operating the Nigeria-UK route are allegedly conspiring to send...
Guaranty Trust Holding Company GTCO Plc, has recorded 184.5 per cent increase in its Profit Before Tax, PBT to N609.3 billion in the financial year ended...
The World Bank has projected a significant drop in Nigeria’s inflation rate to 24.8 percent year-on-year in 2024. The country’s inflation currently stands at 31.7 percent...
In a startling report and a knock on Nigeria’s ease of doing business initiative, the World bank has stated that the cost of trade in Nigeria...
African Import Export Bank (AFREXIM Bank) is set to release the sum of $1.05bn to the federal government of Nigeria in May 2024. This is the...
First Bank Nigeria (FBN) Holdings has announced plans to sell shares to private investors and existing shareholders to raise N300 billion. This was contained in a...
The Central Bank of Nigeria (CBN) has banned the use of foreign currencies as collaterals for naira loans. The CBN gave the directive in a circular...
Investors in the Nigerian equities market lost N220 billion at the close of trading on Monday. This followed the dip in the share value of some...
In continuation of its defence of the naira against the dollar, the Central Bank of Nigeria (CBN) Monday announced the sales of foreign exchange (FX) to...
It was a week to forget on the floor of the Nigerian Xchange (NGX) as investors endured four days of trading losses culminating in the loss...
Following the resumption of sales of dollars to Bureau De Change (BDCs) operators in a bid to defend the domestic currency against the dollar, Nigeria’s foreign...
The Nigerian Electricity Regulatory Commission (NERC) has given the 11 electricity distribution companies till April 11 to refund customers wrongly billed at the new rate. The...
When considering buying property in Lagos, Nigeria, it’s essential to prioritize safety and security. Lagos is a vast and diverse city, with various neighborhoods offering different...
The Naira traded for N1,251.05 to a dollar at the official market on Friday. Data from the official trading platform of the FMDQ Exchange, a platform...
President Bola Tinubu has appointed Mr. Uzoma Nwagba as the Managing Director of the Nigerian Consumer Credit Corporation. The Special Adviser on Media and Publicity to...
The OPEC+ alliance yesterday announced that it was keeping the current oil production cut policy unchanged, in an attempt to maintain global stability in crude oil...
The number of estimated billing customers in the fourth quarter of 2023 dropped by 3.34% from 6.03 million to 5.83 million data gleaned by Ripples Nigeria...
Nigerian Breweries Plc has unveiled plans to raise up to N600 billion through a rights issue to address the debt challenges posed by the Naira devaluation...
Investors in the Nigerian equities market lost N252 billion at the close of trading on Thursday. This followed the dip in the share value of some...
Investing towards the long term and retirement can seem daunting for most Nigerians. However, a member of FCMB Group Plc, FCMB Asset Management Limited appears to...
The Nigeria Customs Service (NCS) has bemoaned the fluctuation in the exchange rate regime which it said affected and disrupted its activities. The Comptroller General (CG)...
The Federal Government through the Nigeria Electricity Regulatory Commission (NERC) has explained why Distribution Companies (DisCos) in the country were given approval to increase tariff of...
The Naira ended at N1, 262.85 to a dollar at the official market on Wednesday. Data from the official trading platform of the FMDQ revealed that...
Investors in Nigeria’s equities market lost N190 billion at the close of trading on Wednesday. This followed the dip in the market capitalization to N58.9 trillion...
Automotive Gas Oil (AGO) also known as diesel and Jet A-1 fuel popularly known as Aviation fuel refined by Africa’s largest refinery, Dangote Refinery, has hit...
Investors in the Nigerian stock market lost N24 billion at the close of trading on Tuesday. This followed the dip in the market capitalization to N59.0...
The Economic and Financial Crimes Commission (EFCC) will arraign two top officials of the crypto exchange platform, Binance Holdings Limited, Tigran Gambaryan, and Nadeem Anjarwalla, at...
The Federal Government, on Monday, announced new price of natural gas for power generation companies sparking concerns of impending increase in electricity tariff. According to the...
As banks in Nigeria begin the process of recapitalization, an economic think-tank, the Centre for the Promotion of Private Enterprise (CPPE) has tasked the Central Bank...
A survey by Reuters on Monday, April 1, 2024 has shown a plunge in oil output by the Organisation of Petroleum Exporting Countries (OPEC) in March...
The quartet of United Bank for Africa (UBA), Wema Bank, Zenith Bank and Stanbic IBTC are risking sanctions from the Nigerian Xchange for failing to file...
As trading activities return after the easter holidays, GTCO, UBA, ZENITH, JULI have emerged as some of the top stocks to watch out for this week...
The Stanbic IBTC Bank Purchasing Manager Index (PMI) remained unchanged at 51.0 in March, the joint-lowest in four months as the impact of currency weakness on...
Amid concerns recently about unauthorized access to the National Identification Number (NIN) database, the World Bank has pegged the success rate of the NIN drive by...