The International Monetary Fund (IMF) has ranked Nigeria in 11th place among countries with the highest private savings in Sub-Saharan Africa (SSA). IMF stated this in...
Nigeria’s headline inflation maintained its upward trend as it rose 20.52 percent in August 2022 on a year on year basis, Nigeria’s data agency, the National...
Azman Air has suspended its flight operations following the alleged failure of the carrier to meet the Air Operators Certificate (AOC) renewal process. This is coming...
The Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that N33.2 trillion in transactions were completed electronically in August via the NIBSS Instant Payment. This brings the...
A South Korean court has issued an arrest warrant for the founder of Terra ecosystem, Do Kwon, after the $40 billion cryptocurrency crashed, resulting to a...
Economic and financial experts said on Wednesday Nigeria needs to attain at least seven percent Gross Domestic Product (GDP) growth in the next five years in...
Nigerian bourse returned to losing ways on Wednesday after the market capitalisation depreciated by -0.10%, shedding N27.93 billion. As a result, the market capitalisation dwindled to...
The Senate committee on finance has rejected the N6 trillion tax and import duties waivers proposed by the Federal Government in the 2023 budget, stating that...
Over $500 billion was lost by six largest United States tech companies on Tuesday, as investors engaged in sell off on the companies following the release...
Tesla Chief Executive Officer, Elon Musk, lost a whopping N3.62 trillion on Tuesday after investors dumped the firm’s share upon reports that Twitter shareholders had approved...
Angola and Libya have overtaken Nigeria as Africa’s biggest crude oil producers. The Organisation of the Petroleum Exporting Countries (OPEC) disclosed this in its Oil Market...
Nigerians are paying more on utility bills despite cutting consumption, a clear indication of the growing cost of living in the country. The Utility bills (E-bills)...
Lagos, Nigeria’s commercial capital, has been rated the worst among African cities with traffic congestion. According to the traffic index released by Numbeo, a crowd-sourced global...
Investors’ total investment value appreciated by 0.004 percent on Tuesday, representing a gain of N1.08 billion, after the market capitalisation rose to N26.768 trillion from N26.767...
The United States inflation slowed to 8.3% in August, the second drop in two months after hitting 9.1% in June, a four decades high. Last month’s...
Heritage Bank Plc has announced the appointment of Akinola George-Taylor as its acting Managing Director. this follows the receipt of the approval of the Board of...
There were two major changes in the best performing banks in Nigeria’s financial industry in the second quarter (Q2) of 2022, with tier-two lenders pushing all...
First Bank of Nigeria (FBN) has reviewed its Personal Travel Allowance (PTA) and Business Travel Allowance (BTA) policy, as dollar scarcity continues to force banks to...
The Central Bank of Nigeria (CBN) has revealed that the federal government spent N2.78 trillion more than its revenue in the first five months of 2022....
The market capitalisation depreciated by -0.13 percent to close at N26.76 trillion on Monday, after the All-Share Index lost 69.41 basis points to fall from 49,695.12...
Ecobank Transnational Incorporated (ETI) has appointed Jeremy Awori to replace the outgoing Group Chief Executive Officer, Ade Ayeyemi. A statement by Ecobank disclosed that Adeyemi will...
The National Pension Commission (PenCom) has approved First Pension Custodian Limited’s acquisition of Access Pension Custodian Limited. FBN Holdings Plc agreed with Access Bank Plc, through...
Stocks to watch this week, as trading resumes are Guaranty Trust Holding Company (GTCO), Ellah Lakes and MTN Nigeria. Ripples Nigeria stocks watchlist is a selection...
The National Bureau of Statistics (NBS) has revealed that Russia in the second quarter of 2022, sold to Nigerian market a whopping N21.8 billion worth of...
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...
There is so much excitement that comes with leaving a country like Nigeria. Some of the reasons for this are that people feel, at last, they...
Nigeria has recorded an aggregate Company Income Tax (CIT) of N714.40 billion for the second quarter of 2022, a growth rate of 29.53 per cent on...
For the third time in eight months, Nigeria is not Africa’s largest oil producer as production fell to 972,394 barrels per day in August. This was...
The National Bureau of Statistics (NBS) has revealed that Nigeria recorded a positive trade of N1.9 billion in the second quarter (Q2) of 2022. NBS disclosed...
Foreign airlines operating in the nation have been threatened with sanctions by the Federal Government for refusing to take naira as payment for tickets. Hadi Sirika,...
On Tuesday, the Central Bank of Nigeria issued a final demand notice to seven companies that benefited from the Anchor Borrowers Programme to repay their N5.67...
The market capitalization in the Nigerian stock market crashed to N26.77 trillion at the close of business on Tuesday. The figure is -0.6 percent or N190...
A Competition and Consumer Protection (CCP) tribunal in Abuja has dismissed a suit challenging MultiChoice Nigeria Limited’s recent price increase. MultiChoice, the owners of DStv and...
The net profit of Guaranty Trust Holding Company (GTCO) depreciated by -2.33% in the first half of 2022, despite its net interest income rising during the...
Investors in the Nigerian capital market lost N30 billion following the crash in equity capitalization by -0.1 percent on Monday. Consequently, the equity capitalization dropped from...
Ten of Nigeria’s top banks received 5.7 million customer complaints in a year, from January 1 to December 31, 2021. The 2021 complaint figures represent a...
MTN Nigeria, Fidelity Bank and Zenith Banks are some of the stocks to watch out for as the Nigerian stock market resumes for another trading session...
Nigeria’s (CBN) discount window, known as the Standing Lending Facility (SLF), has increased to N4.4trn. Banks regularly access the CBN’s Standard Lending Facility (SLF) to borrow...
The Presidential candidate of the Labour Party, Peter Obi, said he will eliminate the fixed exchange rate of the Central Bank of Nigeria (CBN) if elected...
The Nigerian National Petroleum Company Limited (NNPC) has failed to make remittances into the federation account for seven straight months in 2022. This is despite a...
The Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Company (NNPC) Limited, Garba Muhammad, has said Premium Motor Spirit (petrol) will be selling for...
The Federal Government and cryptocurrency platform, Binance Holdings Limited, are currently holding talks on the establishment of a digital economic zone that will help entrepreneurs fast-track...
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...
Almost every state in Nigeria has several old apartments that have been in existence for decades. Some apartments are demolished while some are renovated. But no...
The Federal Government generated N600.15 billion as Value Added Tax (VAT) in the second quarter of this year. The National Bureau of Statistics (NBS) disclosed this...
Investors traded 1.195 billion shares worth N12.924 billion in 19,305 deals as investment grew this week. This week’s total investment surpassed the 914.443 million shares valued...
The Nigerian capital market’s total share value rose by 3 percent at the close of trading on Friday. This means the capital market’s equity capitalization rose...
The Debt Management Office (DMO) has said it is concerned about the Federal Government’s debt service-to-revenue ratio. The federal government’s projected deficit for the 2023 budget...
The Nigerian National Petroleum Company (NNPC) has failed to sell enough crude oil to offset its petrol subsidy debt to oil marketers in Nigeria. Data obtained...
The World Bank Group’s President, David Malpass, has stated that the bank is prepared to assist Nigeria in phasing off regressive fuel subsidies while enhancing social...