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 Director-General of the Industrial Training Fund (ITF), Joseph Ari, on Saturday explained why many Nigerians are still in the labour market in search of gainful...
The World Bank has listed Nigeria among the top 10 countries with the worst inflation rates in the world. In its latest report which was based...
A report by the National Bureau of Statistics (NBS) has rubbished claims made by President Muhammadu on how the policies of his administration has impacted on...
The International Monetary Fund (IMF) has hinted that it will change the institution’s global growth forecast in the wake of soaring historical inflation rate, induced by...
The Nigerian capital market halted its losses following the increase in the market share by 1.70 percent on Friday. Data obtained from the capital market revealed...
The Lagos State High Court, Ikoyi division, has ordered the payment of N18.8 billion to investors who were scammed by a couple, Bamise Ajetunmobi and Elizabeth...
The National Bureau if Statistics on Friday revealed that the nation’s headline inflation rate increased to 18.60 per cent in June, up from 17.71 per cent...
Streaming company, Netflix, and technology firm, Microsoft, have signed an agreement to offer cheaper subscription plan that comes with advert, as the movie streamer restrategises amid...
For the second consecutive day, sell-off by investors was the main activity on the trading floor of the Nigerian capital market on Thursday. The development pushed...
Bismarck Rewane, the managing director of Financial Derivatives Company has stressed for the need for the National Bureau of Statistics (NBS) to reconstruct Nigeria’s inflation calculation....
The Central Bank of Nigeria (CBN) through its Standing Lending Facility in two months, lent to commercial banks a total of N595.34 billion. The figure is...
The Chief Executive Officer of Ardova Plc, Olumide Adeosun, has said the government-regulated fuel price is not feasible, and should be reviewed to meet current realities....
Sell-off by investors was the main activity on the floor of the Nigerian capital market after the resumption of trading on Wednesday. The bourse resumed from...
Fitch, a credit rating agency as revealed that Nigerian banks can absorb up to $6 billion of credit losses without breaching minimum regulatory requirements for Capital...
MultiChoice, the parent company of subscription-based cable tv, DSTV and GOTV, has been ordered by the Court of Appeal sitting in Port Harcourt, Rivers State, to...
Foreign investors’ confidence in Seplat Energy Plc has dropped, as some exited their investment in the Nigerian oil company following a setback in the acquisition of...
Hedge fund managers are selling off oil futures amid fear that projected recession could cause demand for the commodity to drop, thereby, reducing the value in...
Angola has retained its position as the biggest oil producer in Africa for the second straight month. New data released by the Organization of the Petroleum...
Brent and the West Texas Intermediate (WTI) crude oil fell Tuesday evening, as the Organization of Petroleum Exporting Countries (OPEC) projected slow growth in demand for...
A financial service company, Kuda Microfinance Bank, on Tuesday announced charges on customer deposits across its network. In an email to its customers, the bank said...
The Association of Nigerian Licensed Customs Agents (ANLCA) has demanded the review of the age limit placed on imported vehicles in the country. In a statement...
The law firm hired by Twitter, Wachtell, Lipton, Rosen & Katz, said the acquisition process is still on, ruling out Elon Musk’s withdrawal, despite the former...
The Nigerian National Petroleum Company (NNPC) Limited has secured an injunction from the Federal High Court in Abuja restraining the sale of shares of ExxonMobil’s Nigerian...
The Federal High Court in Lagos has been asked to halt the acquisition of Union Bank of Nigeria (UBN) by Titan Trust Bank, following disagreement between...
Nigerian banks, to keep their directors, and chief executives happy, spent over N6.96 billion on sitting allowance and compensation in 2021. This is a 3.32 per...
The Manufacturers Association of Nigeria (MAN) has requested the government to review its diesel importation channel, to prevent industries from shutting down due to the soaring...
The Chief Executive Officer of Tesla, Elon Musk, has reacted to Twitter board’s threat to file out a lawsuit over the collapse of the deal between...
Countries in Europe are likely to experience an increase in their energy bills after Russia opted to cut gas supply to Germany amid a disagreement with...
Twitter share slumped on Monday following Elon Musk’s decision to terminate his offer to acquire the social media company. The billionaire cited breach of agreement as...
Nigeria’s power sector peak electricity generation continued to struggle to stay above 4000 megawatts, despite huge energy demand from Nigerians in the face of petrol scarcity...
Stocks to watch this week consist of First Bank of Nigeria Holdings (FBN Holdings), Ardova, Guaranty Trust Holding Company (GTCO) and Wema Bank. Their inclusion is...
The Central Bank of Nigeria (CBN) has issued an exposure draft for the digital financial services awareness guidelines to address gaps in consumer knowledge and practices...
The National Bureau of Statistics (NBS) has reported that capital importation declined in Q1 2022, mirroring other corresponding first quarters between 2019 and this year, with...
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...
Nigerian companies are facing a cash crunch which confirms how financially stretched Nigerians are becoming. Although they are making more sales, Nigeria’s largest listed companies have...
Investment into the Nigerian capital market took a nosedive this week, with investors trading 822.404 million shares worth N10.366 billion in 20,643 deals within five days....
Lillian just graduated from University and instead of the usual expectation of getting an office job, she decided to go into real estate from a startup...
The world’s richest person, Elon Musk, faces a court battle after he terminated his Twitter acquisition deal. Musk pulled out of the deal three months after...
South African-born billionaire businessman, Elon Musk, has terminated the $44 billion deal with Twitter. The Tesla founder confirmed the cancellation of the deal in a notice...
The Nigerian capital market investors lost N3.4billion following the dip in equity capitalization at the close of trading on Friday. After eight hours of trading, the...
First Bank Holdings shares fell by -3.19 percent after the Bureau of Public Enterprises (BPE) announced billionaire businessman Femi Otedola’s investment vehicle as one of the...
The Organisation of Petroleum Exporting Countries (OPEC’s) has nominated the Kuwaiti diplomat, Haitham Al-Ghais, as its next Secretary-General. He was initially expected to succeed Mohammed Barkindo,...
Shell Petroleum Development Company of Nigeria (SPDC) Limited on Friday threatened to leave the country over theft of crude oil and production challenges. The company’s Managing...
The Chief Executive Officer of ExxonMobil, Darren Woods, has called for an increment in Carbon price, to enable more investors come into the market, insinuating that...
Ardova Plc reported revenue grew 10.7% for year ended December 31, 2021, reflecting all is well with sales, but a closer look shows a rising financial...
For investors with Bank stocks in their portfolio, as the capital market enters into the second half (H2) of 2022, it’s important to know what went...
The Nigerian capital market rebounded from two consecutive losses on Thursday with the equity capitalisation rising by 0.01 percent at the close of the day’s business....
The management of Benin Electricity Distribution Company (BEDC) Plc has said there was no legal basis for the takeover of the company following the purported activation...
Flutterwave Payment Technology Limited has been accused by the Kenyan authority, Asset Recovery Agency (ARA), of using its company accounts for money laundering. The Nigerian startup,...