The Nigerian Customs Service (NCS) has claimed that the Nigerian National Petroleum Company (NNPC) Limited (previously known as the Nigerian National Petroleum Corporation) is unable to...
The Nigerian capital market’s stock value rose by 1 percent at the close of trading on Thursday. This means that the capital market’s share value rose...
Ahmed Halilu, the elder brother to the First Lady, Aisha Buhari, has been appointed as the Managing Director of Nigerian Security Printing and Minting Company (NSPMC)....
In April 2014, Aliko Dangote was far richer than Indian billionaire and founder of Adani Enterprises, Gautam Adani, with the Nigerian investor ranked within the top...
The Kenyan High Court on Tuesday ordered the seizure of $3.3 million belonging to Nigerian financial technology company, Flutterwave. Justice Grace Nzioka gave the order while...
The Nigerian capital market rebounded from its two consecutive losses on Wednesday, closing with N26.88 trillion at the end of the day’s trading. The figure was...
Emirates Airlines has resumed flight operations to Nigeria’s commercial capital of Lagos. The airline announced this in emails sent to its customers and seen by Ripples...
Nigeria recorded a total of $1.535 billion in capital importation in the second quarter of this year. The National Bureau of Statistics (NBS) disclosed this in...
Indian billionaire and founder of Adani Enterprises, Gautam Adani, has displaced the American duo of Bill Gates and Bernard Arnault on the world’s rich list. In...
Nigerian telecom companies will from September begin to earn more revenue on international calls terminating their network from outside the country. This follows the Nigerian Communications...
Local airline companies in Nigeria have been issued the riot act by the Nigerian Civil Aviation Authority (NCAA) because of N19 billion indebtedness. Capt. Musa Nuhu,...
The Nigerian National Petroleum Company Limited has reached an agreement with Dangote Refinery to supply crude oil for 20 years. The agreement gives NNPC the first...
The Nigerian stock market failed to recover from the previous day’s loss with equity capitalization crashing to N26.77 trillion on Tuesday. The figure was -0.06 percent...
Fidelity Bank Plc is finalizing an agreement to buy Union Bank UK Plc. The acquisition will further strengthen Fidelity bank’s push to become a tier 1...
One of the major airlines of the United States, Delta Air Lines, has disclosed that the company will be suspending one of its major direct flights...
Nigeria’s Gross Domestic Product (GDP) rose to 3.54% year-on-year in the second quarter of 2022, falling 1.47% below the 5.01% the economy grew in Q2 2021,...
The Federal Government will once again depend heavily on domestic and foreign creditors in 2023, as the Minister of finance, budget and national planning, Zainab Ahmed,...
The Federal Government has proposed a 2023 budget of N19.76 trillion. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed at a meeting with...
The Nigerian capital market closed business on Monday with the equity capitalization standing at N26.794 trillion. The figure was -0.01 percent or N2 billion lower than...
The Director, Trade and Exchange department of the Central Bank of Nigeria (CBN) Ozoemena Nnaji, said the ‘Naira 4 Dollar Scheme’ created by the financial regulator...
Access Corporation has revealed that the company received regulatory approval for the acquisition of First Guarantee Pension Limited (FGPL), but didn’t disclose which of the regulators...
Access Bank has announced it is cutting operating hours amid the rising cost of diesel and low power supply. The bank disclosed this in a notification...
The National Bureau of Statistics (NBS) has revealed that in the first six months of 2022, Nigerians paid N1.09 trillion in indirect tax to the federal...
As the stock market resumes trading for another session of sell offs and buy-ins from institutional and retail investors, Nestle Nigeria, MTN Nigeria and Ellah Lakes...
The Central Bank of Nigeria (CBN) has approved a reward scheme for users of the eNaira, including merchants. This includes providing merchants with the required promotional...
Nigerian Export Promotion Council (NEPC) has announced that non-oil products exported out of the country rose to N1.77 trillion in the first six months of this...
Sam Zuga, the creator of the Nigerian cryptocurrency Zugacoin, has responded to various claims, including the impossibility of merchants and users of the digital currency to...
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...
Investors traded 914.443 million shares worth N15.263 in 18,021 deals this week. This surpassed the 823.005 million shares valued at N12.228 billion which exchanged hands in...
South Korean major financial service and investment firms are preparing to enter the crypto industry following the election of a new president. A report from a...
Chapel Hill Denham, an investment banking firm, has ranked Nigeria’s cement giants, Dangote Cement and BUA Cement as the two biggest cement companies in Africa by...
Investors in the Nigerian capital market went home with N10.93 billion after the equity capitalization appreciated by 0.04 percent at the end of Friday’s trading. The...
The Central Bank of Nigeria (CBN) has released the sum of $265 million to airlines operating in the country as settlement of outstanding ticket sales. The...
A United States court has granted Elon Musk’s request for Twitter to turnover some of its user data to enable his counsel defend his reasons for...
Nigeria’s GDP grew 3.54% in the second quarter, slower than in the same period a year earlier, as oil production declined and inflation rose. The Q2...
The Unstructured Supplementary Service Data (USSD) code for the eNaira is *997#, according to the Central Bank of Nigeria (CBN). The USSD code was announced 10...
The Association of Power Generation Companies (APGC) on Thursday, lamented that the electricity consumption demand of Nigerians were not encouraging its members to generate more. The...
Godwin Emefiele-led Central Bank of Nigeria (CBN) has been accused by the Acting President of the Association of Nigerian Licensed Customs Agents (ANLCA), Kayode Farinto, of...
The Nigerian capital market continued its bullish run with a 2.02 percent rise in equity capitalization at the close of trading on Thursday. In what was...
The Federal Government has dismissed reports on the rejection of Naira for flight tickets by international airlines operating in the country. South African Airways had on...
The Debt Management Office (DMO) Director-General, Patience Oniha, has said the Federal Government can increase its low revenue and reduce debt by addressing petrol subsidy and...
La Liga, Bundesliga, Serie A, Ligue 1, and the Eredivisie fell behind the English Premier League (EPL) on the list of highest broadcasting revenue by European...
The Nigerian National Petroleum Company (NNPC) Limited and its other major partners lost 9.4 million barrels of crude oil in the month of May, arising from...
The Nigerian National Petroleum Corporation (NNPC) limited has settled long-running disputes with four international oil companies operating in Nigeria. The companies are Shell Plc, ExxonMobil Corporation,...
Nestle Nigeria got new funding from Switzerland multinational food and drink processing conglomerate, Nestle S.A, in exchange for shares, as the foreign company moves to increase...
The Federation Account Allocation Committee (FAAC) on Wednesday shared N954.085 billion to the three tiers of government as revenue allocation for July. The Director of Information...
The Nigerian Export Promotion Council (NEPC) said on Wednesday Nigeria exported products worth $2.593 billion in the first half of this year. The Executive Director of...
MTN Nigeria has commenced a test run of the 5G network in six states and the Federal Capital Territory (FCT). This followed the failure of Mafab...
The Nigerian capital market ended its two straight losses following the rise in equity capitalization by 0.24 percent on Wednesday. This lifted the equity capitalisation by...
Vice President Yemi Osinbajo said on Wednesday Nigeria would need at least $410 billion to achieve its energy transition plan by 2060. Osinbajo, according to a...