The Organisation of the Petroleum Exporting Countries and its allies, OPEC+ which includes Saudi Arabia, Iraq and several Gulf states have announced a surprise oil production...
Stocks to watch list this week are Oando, Prestige and First Bank. The companies made the list following operational and stock market activities last week. Ripples...
There was a young man named Tunde who was born and raised in Lagos, Nigeria. However, as he got older, he decided to move abroad in...
On the trading floor, a total turnover of 2.071 billion shares exchanged investors’ hands between Monday and Friday last week in 17,917 deals worth N17.562 billion....
The Debt Management Office (DMO) has disclosed that Nigerian state governors borrowed a total of N870 billion from local banks and investors in 2022. This borrowing...
First Bank of Nigeria (FBN) and Union Bank of Nigeria have delayed the release of their Audited Financial Statements for the period ending December 31, 2022....
The chief economist of KPMG Nigeria, Oyeyemi Kale, said Nigeria’s ability to repay its N46.25 trillion loan is poor due to low revenue generation. Kale, in...
Wema Bank Plc has announced the appointment of Moruf Oseni as the substantive Managing Director and Chief Executive Officer of the lender, effective April 1, 2023....
The Nigerian stock market reported a –0.33 per cent decline in equity capitalisation on Friday, resulting in N98.52 billion loss. Consequently, the market capitalisation tumbled to...
The World Bank has announced that Indian-American business executive, Ajay Banga, will be appointed to replace David Malpass, the President of the global financial institution. Banga,...
First Bank has denied allegation of forgery filed against the company by the Federal Government after one of its managers allegedly colluded to dispose a school...
The United Bank for Africa (UBA) reported 43.4 per cent growth in its profit after tax for the financial period of 2022, with its electronic banking...
Nigerians’ love for celebrations, fun, and a lavish lifestyle has propelled champagne consumption in the country to an eight-year high, despite economic challenges. Comité Champagne, a...
Nigeria’s market capitalisation appreciated to N29.64 trillion on Thursday, as it grew by 1.50 per cent or N440.93 billion, from the previous day’s N29.20 trillion. The...
Sterling Bank has banned the company’s directors and other individuals with access to sensitive materials relating to the firm’s financials from trading its shares. The financial...
Transnational Corporation (Transcorp) Plc’s has disclosed that its operating profit grew by N11.64 billion or 21.25 per cent, as it closed last year with N66.42 billion....
Nigerian bourse ended trading with N250 billion gain on Wednesday after the market capitalisation recovered from previous day’s loss by appreciating 0.90 per cent. The stock...
The Central Bank of Nigeria (CBN) has released a new guideline for financial institutions interested in converting or re-categorizing their licenses. In recent months, Zenith, Access,...
Zenith Bank has announced a 24 percent rise in gross earnings to N945.5 billion from N765.6 billion reported in the previous year. According to the audited...
The world of cryptocurrency is doubtlessly an ever-evolving one and with the advances in technology, the associated risks are also increasing. As such, investors need to...
The Chief Executive Officer of Oando Plc, Wale Tinubu, has stated that increase in militant activities and sabotage in Niger Delta dragged hydrocarbon production down in...
Payday, a financial technology company founded by Favour Ori, has secured $3 million in a seed round to fund its expansion into the United Kingdom and...
Billionaire and chairman of Geregu Power, Femi Otedola, has ridiculed past and present Nigerian governments for failing to increase Nigeria’s power generating capacity. Otedola said since...
Shola Akinlade, the 38-year-old co-founder of Nigerian online payment platform Paystack, has added Danish football club Aarhus Fremad to his number of assets. On Tuesday, March...
Some investors in Nigerian stock market lost N341.09 billion on Tuesday after the equity capitalisation depreciated from Monday’s N29.28 trillion. The loss dragged the market capitalisation...
United Capital, led by Peter Ashade, faces an operational risk as the asset management and securities trading company is dragged into lawsuits that could lead to...
Cadbury Nigeria reported its total turnover for the financial year of 2022 grew by 30.3 per cent, with profit after tax following closely after growing by...
The Nigerian National Petroleum Company Limited (NNPCL) has released 418 million litres of petrol between March 18 and 24 into the Nigerian market. This was disclosed...
Nigerian stock market capitalisation plunged by –2.08 per cent on Monday, closing down at N29.28 trillion. This wiped off N621.99 billion from the Nigerian bourse’s total...
The Central Bank of Nigeria (CBN) has disclosed that its loans to government have increased by N3.77 trillion during the first two months of 2023 Ripples...
The Chief Executive Officer of Stanbic IBTC Holdings Plc, Demola Sogunle, has increased his stake in the Deposit Money Bank (DMB). Sogunle acquired 1.52 million shares...
Unilever Nigeria, Seplat and Access Bank made it into the stocks to watch list this week due to various reasons that are not capital market related....
The Nigerian stock market reported investors exchanged 1.689 billion shares in 14,019 deals between Monday to Friday this week, at a value of N11.066 billion. Ripples...
Unilever Nigeria Plc will discontinue the production of OMO, Sunlight and Lux, as the company reviews its business model. The manufacturer says it will exit two...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
The former Chairman of Seplat Energy Plc, A.B.C Orjiako, has responded to the allegation that he breached the company’s operational guidelines. Seplat had in a suit...
A Certificate of Occupancy (C of O) is a legal document that serves as proof of ownership of a property in Nigeria. It is issued by...
Sell-off in International Breweries, Transcorp, and others pulled down the equity capitalization in the Nigerian capital market by –0.05 percent at the close of trading on...
Access Holdings Plc, the parent company of Access Bank, has announced that the lender received regulatory approval to acquire African Banking Corporation Zambia Limited (Atlas Mara...
The Bank of England has also stated that the failure of Silicon Valley Bank (SVB) in United Kingdom won’t lead to the collapse of the country’s...
The Chief Corporate Communications Officer of the Nigerian National Petroleum Company (NNPC) Limited, Garba-Deen Mohammad, has said the oil firm expects to surpass its 2021 net...
The Nigerian capital market closed trading with N29.920 trillion on Thursday. The figure was N29.9 billion lower than the N29.927 trillion posted by the bourse on...
Seplat Energy has sued its co-founder, A.B.C Orjiako, and his firm, Amaze Limited, for breaching its operational guidelines. Amaze Limited served as a consultant for Seplat...
Financial market volatility is the degree to which the price of an asset goes up or down in the global market. Many investors in Nigeria...
Dangote Cement shareholders will be paid N340 billion in April 2023 as their dividends for investing in the company’s shares for the period of 2022. The...
Unilever Nigeria has appointed Abidemi Ademola as one of its Executive Directors. The appointment came a few days after the company announced its exit from the...
The equity capitalization in the Nigerian capital market rose by 0.05 percent following the high demands for WAPIC, Guaranty Trust Holding Company (GTCO), and other equities’...
On Tuesday, the Central Bank of Nigeria (CBN) raised the Monetary Policy Rate to 18 per cent, up from 17.5 per cent, a decision that surprised...
The Nigerian capital market ended trading with N29.9 trillion equity capitalization on Tuesday. This showed a 0.03 percent or N10.15 billion rise in the capital market...
The Nigeria Exchange Limited (NGX), capital market authority, has fined Ecobank Transnational Incorporated, PZ Cussons, and two other companies for failing to meet listing rules of...