Many Nigerians were left frustrated on Monday as cash, including old and new naira notes were unavailable from banks’ Automated Teller Machines (ATMs) in most parts...
Guaranty Trust Bank (GTBank) is under investigation for allegations of breaching customers’ data weeks after the United Kingdom authorities fined the firm for money laundering failure....
The equity capitalization in the Nigerian capital market rose to N28.95 trillion on Monday. The figure was 0.94 percent or N272.30 billion higher than the N28.68...
The United Bank for Africa (UBA) Plc has appointed a Ghanaian, Abiola Bawuah, as its new Chief Executive Officer. In a statement posted on the Nigerian...
BUA Foods’ turnover grew by 25.3 per cent between January to December 2022, with the company’s profit after tax rising by 29.5 per cent. The food...
Commercial banks will henceforth pay customers over-the-counter with N100, N50, N20, N10 and N5 notes regardless of how much a customer is withdrawing. The Banker’s Committee...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said naira hoarders have returned N1.9 trillion worth of naira notes. The central bank had...
Flour Mills of Nigeria (FMN), Unilever, and Nigerian Breweries are some of the stocks to watch this week after the equity market resumes trading. Ripples Nigeria...
About 756.769 million shares, valued at N13.653 billion, were traded in 18,248 deals within five days of January 23 to 27, 2023. A week before, N15.668...
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...
The former Deputy Governor of Central Bank of Nigeria (CBN), Kingsley Moghalu, has waded into debates regarding the implications of the recent Naira redesign policy and...
On the 24th of January, 2023, it was an honor for the Lagos State Government to receive the President of the Federal Republic of Nigeria, President...
The Federal Competition and Consumer Protection Commission (FCCPC) has announced the extension of the deadline for the registration of online money lenders to March 27, 2023....
Ten months after Flour Mills of Nigeria (FMN) acquired a majority stake in Honeywell Flour, the former is on the verge of losing some assets owned...
The Nigerian capital market slumped in equity valuation by 0.18 percent at the close of trading on Friday. This represented a dip in the market capitalization...
The Central Bank of Nigeria (CBN)’s cash swap programme with the Deposit Money Banks (DMBs) has suffered a setback due to scarcity of the new Naira...
Commercial Banks on Friday countered claims by the Central Bank of Nigeria (CBN) on the availability of the new Naira notes. The banks defended their position...
Domestic oil and gas company, Eterna Plc, recorded a decline in its foreign exchange forward contract, but managed to raise its total revenue for the year...
Nigerian Exchange (NGX) has revealed plans to allow Nigerians to buy shares and other securities at the stock market, with the Unstructured Supplementary Service Data (USSD)....
Stanbic IBTC Pension Managers Limited has dismissed reports on the offer of gifts and incentives to Retirement Savings Account (RSA) holders contrary to the National Pension...
The Chairman of United Nigeria Airlines (UNA), Prof. Obiora Okonkwo, on Thursday urged the Federal Government to support players in the nation’s aviation sector with “special...
The Nigerian capital market rebounded from the previous day’s losses with a rise in equity capitalization by 0.29 percent at the close of trading on Thursday....
The Federal Government has earmarked over N1.2 trillion to service the loans it got from the Central Bank of Nigeria through the Ways and Means Advances...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has stated that dollar charges on foreign cards for domestic transactions conducted within Nigeria will...
The crash experienced by Bitcoin (BTC) seems to have encouraged Elon Musk’s Tesla to hold its BTCs, as the company didn’t sell the crypto-asset in its...
A new report by independent research firm, Finder, has predicted that Bitcoin (BTC) will hit an all-time high of $188,451 after investors suffered significant losses in...
Nigerian restaurant firm, Chicken Republic, has announced that the use of the old naira notes has been banned from its fast-food chains ahead of the deadline....
The value of investments in the Nigerian capital market depreciated by -0.02 percent due to the sell-off in Geregu and Thomas Wyatt, amongst others on Wednesday....
In the era of global historical inflation, investors are seeking assets that could act as a store of value but wouldn’t cost them a arm and...
The Central Bank of Nigeria (CBN) has provided a detailed breakdown of how much has been spent on various intervention programmes across sectors of the economy....
The management of First City Monument Bank (FCMB) Group is looking to increase the company’s liquidity to finance operation. FCMB has received approval from the capital...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Tuesday, dismissed reports on the scarcity of the new Naira notes. Emefiele, who spoke...
Investors in the Nigerian capital market with Nigerian Breweries, Caverton and other entities’ shares lost N24.58 billion following the dip in equity capitalization by 0.08 percent...
The Central Bank of Nigeria (CBN) has countered the projections of the Federal Government and the International Monetary Fund (IMF) for Nigeria’s economy in 2023. On...
Despite pressures, the Central Bank of Nigeria (CBN) has again reiterated its stance that there will be no extension to the deadline of January 31, 2023,...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) voted Tuesday to continue its increase in the benchmark interest rate by 100 basis...
Unilever lost 64.51 per cent of its revenue to expenses in 2022, as production cost grew by 14.10 per cent during the same period in review....
The Guaranty Trust Bank (GTBank), Stanbic IBTC, others have been excluded from the cash swap programme by the Central Bank of Nigeria (CBN). Ripples Nigeria had...
The Federal Inland Revenue Service (FIRS) collected more than N10 trillion in 2022, its highest revenue collection in a single year. The figures were disclosed in...
Nigerian stock market ended trading with N28.68 trillion equity capitalisation on Monday, slightly above the N28.64 trillion recorded on Friday. This shows the market capitalisation increased...
Investors are cutting ties with Access Bank, Guaranty Trust Holding Company (GTCO) and other firms in the Nigerian banking industry amid the threat of financial sanction...
The Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) will commence today, Monday 23 January 2023, the first of the year. This...
This week’s stocks to watch list for this week include MTN Nigeria, MRS Oil, and International Breweries. The companies made the cut due to their capital...
Investors in the Nigerian capital market traded 1.241 billion shares valued at N15.668 billion in 18,560 deals this week. However, this fell short of 1.286 billion...
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...
MTN Nigeria offered incentive shares to shareholders that participated in its share offer conducted in January last year after the company failed to grow its investment...
The Central Bank of Nigeria (CBN) has launched a cash swap programme in partnership with super agents and deposit money institutions (DMBs). This was stated in...
If there’s anything that scares Nigerians in diaspora more, it is buying properties back home in Nigeria. Why? Many Nigerians in diaspora have a lot to...
The National Oil Spill Detection and Response Agency (NOSDRA) has revealed that oil companies in Nigeria lost N803 billion worth of crude oil to spills suspected...
The Central Bank of Nigeria (CBN) will henceforth impose a fine of N1 million daily on any commercial bank that fails to pick up the new...
