The Nigerian government has secured a significant financial boost for a key infrastructure project. Minister of Transportation, Senator Said Alkali,, on Tuesday, announced that a consortium...
Investors in the Nigerian equities market gained N836b in profits as stocks like UBA, MTNN, JBERGER, ACCESSCORP, and others soared on the floor of the Nigerian...
Despite bitcoin achieving another all-time peak on Monday, publicly traded mining stocks on Nasdaq started the day with declines. Shares linked to companies such as Marathon,...
The Nigerian National Petroleum Company (NNPC) Limited has lamented that no one is ready to invest in the oil sector due to the menace of oil...
The Nigerian equities market got off to a good start on Monday, March 11, 2024 as investors raked in N403bn in profits following strong performances from...
Netherland, India, Spain, Canada and France have emerged as the top five export destinations for Nigerian products in the fourth quarter of 2024, recently released data...
Leading global business intelligence and market insight provider, Economist Intelligence Unit, has said that the Central Bank of Nigeria does not have the liquidity to support...
Transpower, MTNN, Geregu, Bua Cement, PZ Cussons top some of the stocks to watch this week as investors commence trading on the floor of the Nigerian...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market to the...
The National Bureau of Statistics (NBS) said on Saturday the average cost of a healthy diet per day in the country was N858 in January. The...
The Nigerian government has taken a significant step towards boosting its natural gas sector, inaugurating the Governing Council of the Midstream and Downstream Gas Infrastructure Fund...
The Federal Government has suspended the implementation of the recently enacted Expatriate Employment Levy by the Federal Ministry of Interior. The President of the Nigerian Association...
The Central Bank of Nigeria (CBN) said on Friday that foreign exchange remittances by Nigerians living abroad into the country rose to $1.3 billion in one...
Investors in the Nigerian equities market went home with N562 billion at the close of trading on Friday. This followed the rise in the market capitalization...
Major downstream marketers under the umbrella of the Major Energies Marketers Association of Nigeria, (MEMAN), have raised alarm that the country may face more challenges in...
After serially missing crucial deadlines for joining other nations in trading under the African Continental Free Trade Area (AfCFTA), Nigeria is to begin the formal export...
Strong performances by Dangote Sugar, Transcorp Power, MTN Nigeria, and others propelled investors in the Nigeria equities market to a N420 billion gain on Thursday. This...
The Transmission Company of Nigeria (TCN) said on Thursday only 13.1 million out of the country’s 230 million population are officially registered to use electricity. The...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the N22.7tn printed by the Central Bank of Nigeria through Ways and...
Investors in the Nigerian equities market enjoyed the third consecutive day of profit with a gain of N226 billion at the close of trading on Wednesday....
Global rating agency, Fitch Ratings Inc. has called on the Central Bank of Nigeria (CBN) to adopt more stringent monetary tightening measures to secure macroeconomic stability....
The Manufacturers Association of Nigeria (MAN) has disclosed that in the year 2023, 767 manufacturing companies shut down while 335 others became distressed due to multidimensional...
Like the Nigeria Employers’ Consultative Association (NECA), the Lagos Chamber of Commerce and Industry (LCCI) has advised that a balanced approach to expatriate employment levy should...
President Bola Tinubu said on Tuesday his administration has attracted $30 billion in Foreign Direct Investment (FDI) commitments to shore up the country’s economy in the...
Investors in the Nigerian equities market made a N194 billion gain following strong performances by Transpower, Transcorp, First Bank, and others on Tuesday. This followed the...
The ongoing face-off between global crypto trading platform, Binance and the Federal Government has taken a fresh twist following the platform’s resolve to stop all transactions...
The American multinational technology conglomerate, Meta, has suffered a major outage with Facebook and Instagram apps reportedly experiencing downtime. Many users in Nigeria have reported their...
Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), has counseled the Federal Government and the CBN to go after chief executives...
The Bank of Ghana has suspended the Foreign Exchange trading licenses of Guaranty Trust Bank Ghana Limited and FBN Bank Ghana Limited (FBN) for one month...
Investors in the Nigerian equities market gained N1.8 trillion following strong performances by Transcorp, PZ, Neimeth, and others on the trading floor on Monday. After five...
The Nigerian Communications Commission (NCC) has revealed why some telecommunications subscribers who previously linked their SIM cards to their National Identification Numbers (NINs) were barred from...
For the second consecutive week, investors in the Nigerian equities market endured bearish sentiments as the listed equities lost in four of the five trading sessions...
The Nigeria Employers’ Consultative Association (NECA) has kicked against the Expatriate Employment Levy (EEL) recently launched by the Federal Government, warning that it would discourage investment...
The Nigerian Customs Service (NCS) has announced a 90-day window for regularising import duties on specific categories of vehicles. The Customs said it is acting under...
A recently released report by the Economic Commission for Africa (ECA) has disclosed that despite the enactment of the African Continental Free Trade Area (AfCFTA), African...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market to the...
Global cryptocurrency exchange platform,Binance, is in fresh trouble as the House of Representatives Committee on Financial Crimes has summoned the Chief Executive Officer (CEO) of Binance...
Management of Dangote Cement Plc for the year ended December 31, 2023, has proposed an increase in the dividend payout to shareholders, by 50 percent, to...
The Minister of Power, Adebayo Adelabu, has summoned the chief executive officers of two electricity distribution companies (DisCos) over worsening supply situations in their domains. Those...
In Lagos, Nigeria, property ownership and documentation play crucial roles in ensuring clarity, transparency, and legal security. One of the fundamental aspects of property documentation in...
President Bola Tinubu has appointed four persons as Executive Directors of the Transmission Company of Nigeria (TCN). The Special Adviser on Media and Publicity to the...
Investors in the Nigerian equities market ended the week with a N672 billion loss as the market tumbled again on Friday. This followed the dip in...
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators in the country. The CBN’s Acting Director of Corporate...
MTN Nigeria Plc has reported a massive foreign exchange loss of N740 billion up from N81 billion reported in 2022 signifying the company’s first-ever loss since...
BUA Cement has announced a revenue growth of 27.4% to N460n from the N361 billion recorded in the previous year. This is despite a foreign exchange...
The Central Bank of Nigeria (CBN) has assured that the remainder of banks’ FX backlogs would be cleared in the next few days. The governor of...
The Nigerian equities market on Thursday reversed the three-day losses as investors made N391 billion at the close of the day’s trading. This followed the rise...
The Senate has approved four nominees out of five from President Bola Tinubu to serve on the Board of Directors of the Central Bank of Nigeria,...
The Centre for the Promotion of Private Enterprise (CPPE) has recommended several measures that the Federal Government must urgently take to address the spiralling inflation facing...
Following scathing backlash from the Nigerian government, Binance, a crypt exchange with over 170 million users worldwide has disabled its peer-to-peer (P2P) feature for Nigerian users....