The Board of First Bank Nigeria, FBN Holdings Plc has appointed Femi Otedola, as it announced the appointment of five new directors. The Company disclosed this...
Bearish sentiment continued on the floor of the Nigerian Xchange as the equities market suffered third consecutive day of losses as investors shed N167bn. This is...
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of $7 billion have now been settled3,The Central Bank of Nigeria (CBN)...
Nigeria Deposit Money Bank, Access Bank is set to acquire the National Bank of Kenya from the KCB Group, making it its second acquisition of a...
The plan by the British majority owner of consumer goods company PZ Cussons Nigeria to fully acquire the organisation and take it private has suffered another...
The Senate Ad-hoc Committee has concluded plans to summon the current Central Bank of Nigeria, Olayemi Cardoso over 13 infractions noted in the N30tn Ways and...
For the second consecutive day, trading activities in the Nigerian Equities Market closed negative as investors lost N62.21 billion at the end of trading. This is...
Dr Adaora Umeoji has been appointed as the first female Group Managing Director of Zenith Bank Plc, effective June 1, 2024. This was disclosed in a...
The Board of Transcorp Hotels Plc has appointed the Accountant-General of the Federation, Dr Oluwatoyin Madein as a Non-Executive Director. This was contained in the company’s...
International Breweries Plc will at an Extra-ordinary General Meeting (“EGM”) to take place on April 9, 2024 seek shareholders’ approval to convert an intercompany loan of...
In a development not witnessed in many years, Nestlé Nigeria Plc’s s capital base took a huge dent occasioned by whopping net foreign exchange (FX) losses...
The total value of Nigeria’s imports rose to N35.9tn in 2023, up from N25.5tn in 2022 representing an increase of N10.4tr. This increase was brought about...
Investors in the Nigerian equities market got the week off on a losing note as they recorded a loss of N238bn following poor performances by stocks...
The eleven Electricity Distribution Companies (DisCos) in Nigeria obtained a combined N273.34 billion loan from the Central Bank of Nigeria to purchase 414,000 meters and enhance...
Following the alleged illicit transaction totalling about $21bn by Binance Holdings Limited, Justice Emeka Nwite of the Federal High Court, Abuja has ordered the cryptocurrency exchange...
With the local bourse in full swing of bull dominance by gaining in all the trading sessions of the previous week, investors must be in a...
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...
Stocks like JULIUS BERGER, GTCO, FBNH, MTNN, FLOURMILL boosted the equities market as investors made a profit of N581bn at the end of trading on Friday,...
Nigeria’s headline inflation has moved up to 31.70 percent in February up from 29.90% in January 2024, latest data released by the National Bureau of Statistics...
The Central Bank of Nigeria (CBN) has clamped down on how banks can utilize foreign exchange (FX) revaluation gains. In a recent directive, the CBN emphasized...
The equities market continued its bullish streak on Thursday March 14, 2024 as investors gained N27bn following strong performances by stocks like ROYALEX, UNILEVER, TANTALIZER, UPDC...
Amid ongoing face-off with the Nigerian government, Binance, one of the world’s biggest cryptocurrency exchanges has disclosed that the Nigerian market is yet to become one...
The combination of Value Added Tax (VAT) and Company Income Tax (CIT) fetched Nigeria N2.33tr in revenue in the fourth quarter of 2024, fresh data from...
In a bid to fight against the food insecurity in the country and cushion the effect of rising prices of food in the country, the Central...
The Nigerian Civil Aviation Authority (NCAA) on Wednesday, issued a stern warning to private jet owners using their aircraft for commercial purposes without proper authorization. Owners...
The Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala has lamented that despite the vast opportunities that abound, Africa’s share of global trade has remained...
For the second consecutive month, Nigeria failed to meet its monthly crude production quota of 1.5mbpd as stipulated by the Organisation of Petroleum Exporting Countries (OPEC)...
Investors in the Nigerian equities market enjoyed the third consecutive day of profit as they raked in a profit of N273bn at the end of trading...
The International Air Transport Association (IATA) has called on governments across the world to enact policies that can help the aviation sector to reduce costs, and...
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....