Billionaire businessman, FeminOtedola has explained that long-term wealth preservation, export potential and shareholder value are some of the factors that informed his decision to buy shares...
The Lekki Deep Seaport, Sunday, January 21, 2024 berthed the largest container carrier to sail on Nigerian territorial waters in furtherance of the ambition of the...
Two cement stocks, BUA cement and Dangote cement are amongst the list of stocks to watch out for this week followed by equities of healthcare company...
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...
Real estate investment is a complex venture that involves both strategic decision-making and an understanding of external factors that can significantly impact returns. In this article,...
Nigerian consumers are grappling with a significant surge in diesel prices, with the average retail cost rising by a staggering 37.76% year-on-year, according to data from...
The Central Bank of Nigeria (CBN) will hold its first Monetary Policy Committee (MPC) meeting under the current governor, Dr. Olayemi Cardoso in February. President Bola...
Investors in the Nigerian equities market pocketed N1.45 trillion at the close of trading on Friday. This followed an increase in market capitalization by N1.4 trillion...
The 11 electricity distribution companies (DisCos) in Nigeria have been given the greenlight by the Federal Government to purchase electricity directly from power generation companies (GenCos)...
Subscribers on the Globacom Limited platform can now heave a sigh of relief as the Nigerian Communications Commission (NCC) has suspended its plan to bar the...
The Board of GlaxoSmithKline Consumer Nigeria Plc (GSK) has announced that the company whose market capitalization is worth N20.1bn has received the nod of the Securities...
Stanbic IBTC Holdings, a financial services provider in Nigeria and a member of Standard Bank Group, has announced new appointments to the boards of its subsidiaries....
The Chairman of the Nigerian Electricity Regulatory Commission (NERC), Mr. Sanusi Garba, said on Wednesday the Federal Government would continue to subsidise electricity to ease the...
The Central Bank of Nigeria (CBN) has resolved to prosecute forex defaulters in the country. The apex bank’s Acting Director of Communication, Mrs. Sidi Ali, disclosed...
The Nigerian equities market maintained its bullish sentiment with a 2.38% growth in the All-Share Index (ASI) on Wednesday. After five hours of trading today, the...
Nigeria’s average daily crude oil production reached 1.418 million barrels per day (mbpd) in December 2023. The Organistion of the Petroleum Exporting Countries (OPEC) disclosed this...
The Central Bank of Nigeria (CBN) has granted Access Holdings Plc, the parent company of Access Bank, a preliminary clearance to establish Oxygen X Finance Company...
Investors in stocks of companies listed under the Dangote Group have gained over 1.2tn during the first two trading sessions of this week. This sentiment in...
Investors in the Nigerian equities market pocketed N1.82 trillion at the close of trading on Tuesday. This followed an increase in market capitalization to N48.139 trillion...
The Nigerian National Petroleum Corporation Limited (NNPCL) has uncovered 83 illegal refineries in Niger Delta in one week. The NNPCL “83 illegal connections were spotted in...
Dutch oil giant, Shell has assured workers that their jobs are safe as it reaches an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum...
In a bid to ramp up electricity generation and distribution across the country, 13 new companies have been issued new licences for the generation of off-grid...
Investors in the Nigerian equities market pocketed N313.4 billion at the close of trading on Monday. This followed the increase in market capitalization to N46.317 trillion...
Nigeria’s inflation rate has continued its upward increase, hitting 28.92 in December 2023 up from 28.20% recorded in the previous month of November 2023. The increase...
Julius Berger, Bua Food, Dangote Sugar and Zenith Bank are some of the equities that investors can consider investing in this week. The equities market gained...
Two agencies of the Federal Government, the National Bureau of Statistics (NBS) and the Federation Account Allocation Committee (FAAC) have issued conflicting figures on the revenue...
A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has backed the recent decision to relocate the apex bank’s key departments to...
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 Gombe State Governor, Inuwa Yahaya, has approved the dissolution of the Board of Directors of the state-owned Bubayaro Micro Finance Bank. The governor also suspended...
Today, we’re delving into the realm of real estate, specifically focusing on how your property portfolio should shape up in 2024. Whether you’re a seasoned investor...
The Dangote Petroleum Refinery located in the Lekki area of Lagos has began operation. A source told journalists that the refinery began production in the early...
Investors in the Nigerian equities market went home with N243.9 billion at the close of trading on Friday. This followed the increase in market capitalization to...
Analysts at Meristem Research are projecting an increase in Nigeria’s oil production in 2024 barring any significant, unexpected shock to the sector in the year. The...
Investors in the Nigerian equities market pocketed N313.4 billion at the close of trading on Thursday. This followed the rise in market capitalization to N45.199 trillion...
Twenty-one days before the expiration of the Central Bank of Nigeria’s (CBN) deadline for bank customers to have Bank Verification Number, BVN updated to their accounts...
Few hours after dissolving the Board of Directors and the Management of Union Bank, Keystone, and Polaris banks, the Central Bank of Nigeria (CBN), has appointed...
Zenith Bank has dismissed reports on the arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu, by the Economic and Financial Crimes Commission (EFCC). Reports emerged...
The Central Bank of Nigeria (CBN) has dissolved the boards and managements of Titan Trust Bank, Union, Keystone, and Polaris Banks. The decision was taken at...
The Federal Government has initiated efforts to cutdown the rising price of sugar and improve the capacity of local sugar production in Nigeria. The Minister of...
Investors in the Nigerian capital market lost N638 billion at the close of trading on Wednesday. This followed the drop in market capitalization from N45.524 trillion...
The World Bank has projected Nigeria’s economy to grow by 3.3 per cent this year up from the earlier projected 2.9 percent growth. The leading development...
The Nigerian National Petroleum Company (NNPC) Limited has given its scorecard saying it recorded a profit of N2.548 trillion in 2022, the highest since its inception...
The costs of air travel surged by 11.01 per cent to N81,334.05 in November 2023 compared to N73,270.27 in November of the previous year, data from...
Investors in the Nigerian capital market pocketed N1.57 trillion at the close of trading on Tuesday. This followed the rise in equity capitalization to N45.524 trillion...
Nigerian telecommunications company, Globacom Ltd, has denied owing its competitor, MTN, interconnect charges, contrary to reports making the rounds. The denial came on the heels of...
After just a week, Nigerian industrialist, Aliko Dangote, has reclaimed his post as the richest person in Africa, overtaking South African Businessman Johann Rupert who pipped...
Amid promises by the Chairman of BUA Group, Abdulsamad Rabiu to crash cement prices from over N5,000 per bag of 50kg to N3,500, a new report...
The Nigerian Ports Authority (NPA) has pleaded with members of the Maritime Workers Union of Nigeria to suspend their planned strike. The Managing Director of the...
The planned strike action slated for Tuesday, 9th January, 2024 by the Maritime Workers Union of Nigeria (MWUN) to ground activities at the nation’s seaports has...
The Manufacturers Association of Nigeria (MAN) has expressed worries over the recent invasion of the premises of Dangote Industries Limited by the Economic and Financial Crimes...