The United Kingdom, Mauritius, Netherlands, Singapore, and South Africa have emerged as the top five sources of capital importation into Nigeria in the Fourth Quarter of...
Cement manufacturers in Nigeria have agreed to bring down the price of the product following the Federal Government’s intervention The federal government at the weekend met...
Investors in the Nigerian equities market lost N1.8 trillion at the close of trading on Monday. This followed a decline in the market capitalization to N56.028...
Global credit rating agency, Fitch Ratings, has cautioned the Federal government over the proposed establishment of the foreign currency gateway bank recently announced by the Central...
After a trading week characterized by four days of gaining and a day of loss, Seplat, Airtel Africa, Geregu, and Bua Foods are some of the...
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...
Minister of Industry, Trade and Investment, Doris Anite, on Friday, announced significant investment commitments secured by the government since its inauguration eight months ago. While this...
The Supreme Court on Friday affirmed the judgment of the Court of Appeal which nullified the takeover of the landed property of Suru Worldwide Ventures Nigeria...
Investors at the Nigerian capital market went home with N887 billion at the close of trading on Friday. This followed the rise in the market capitalization...
Nigerians have been told to brace up for fuel scarcity as the Nigerian Association of Road Transport Owners (NARTO) has vowed to suspend operations from Monday,...
In a bid to boost liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has scrapped the issuance of cash for Personal and...
President Bola Tinubu has appointed Oyetunde Ojo as the Managing Director of the Federal Housing Authority (FHA). The Special Adviser on Media and Publicity to the...
The House of Representatives on Thursday urged the Federal Ministry of Finance and the Central Bank of Nigeria (CBN) to provide notice to Nigerians before altering...
The Nigerian capital market investors went home with N329 billion at the close of trading on Thursday. This followed the rise in the market capitalization to...
The United Kingdom slipped into a technical recession in the second half of last year after its economy registered two consecutive quarters of negative economic growth,...
Investors in the Nigerian equities market made N979 billion following strong performances by Airtel Africa, Unity Bank, and other entities during trading on Wednesday. This followed...
The Central Bank of Nigeria (CBN) has increased the exchange rate for Nigeria Customs Service (NCS) import duty rate at the nation’s seaports. The rate was...
Nigerians have been told they would have to pay more for beers as Nigerian Breweries Plc has issued a new price review notification to all its...
Despite a budgetary benchmark of 1.7 million bpd crude oil production, Nigeria, for the month of January 2024 produced 1.43 million barrels per day signalling a...
Ahead of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN) slated for February 26-27, 2024, leading investment banking firm, Comercio Partners...
Poor performances by PZ, MORISON, CWG, and other entities cost investors in the Nigerian capital market N183 billion at the close of trading on Tuesday. This...
The Federal Government on Tuesday restated its commitment to ending gas flaring in 2030. The Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),...
The food crisis in Nigeria may take a turn for the worse as the Association of Master Bakers and Caterers of Nigeria has said it would...
For the 4th time in 10 days, the Central Bank of Nigeria (CBN) has raised the exchange rate for calculating Customs import duties rate at the...
Following the rampant cases of blackout across the country, the federal government of Nigeria has threatened to sanction non-performing Distribution Companies (DisCos) in the country. According...
In a scathing indictment, one of Nigeria’s leading Rating agencies, Agusto & Co and the former Governor of Edo State, Adams Oshiomhole have lampooned former President...
Access Holdings Plc on Monday announced the appointment of Ms. Bolaji Agbede as the Acting Group Chief Executive Officer subject to the approval of the Central...
Buoyed by strong performances NCR, CHAMS, SUNU ASSURANCE, and other entities, investors in the Nigerian equities market made a profit of N100.6 billion at the close...
A showdown is looming in Nigerian ports as organized labour in the maritime sector has rejected a planned 50 per cent deduction from the Internally Generated...
Nigeria may be heading for a challenging time ahead in 2024 and 2025 if the latest reports by the International Monetary Fund (IMF) is anything to...
Geregu, Buafood, Transcorp Hotel and MRS Oil top the list of stocks to watch in the new week as investors hope to move on from the...
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 Airline Operators of Nigeria (AON) have sounded the alarm on the challenges plaguing the industry, citing rising costs, shrinking passenger traffic, and difficulty accessing foreign...
After several years of dormancy, it appears the Port Harcourt refinery is set for a restart as Shell Petroleum Development Company Limited (SPDC) has disclosed that...
The Nigerian Electricity Regulatory Commission (NERC) has sanctioned 11 electricity distribution companies (DisCos) for non-compliance with capping of estimated bills for customers. The commission disclosed this...
The Nigerian stock market rebounded from the four-day consecutive losses with a N345 billion growth in shareholders’ investments at the close of trading on Friday. This...
The Nigerian foreign exchange market witnessed a boost of over $1 billion in liquidity within the past few days, the governor of the Central Bank of...
In a bid to enhance trade and streamline cargo clearance in Nigerian seaports, the Nigeria Customs Service (NCS) is prepared to execute the Time Release Study...
The Senate Committee on Banking, Insurance and Financial Institutions on Friday, held an interactive session with Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso,...
The Nigerian National Petroleum Company (NNPC) Limited and the Central Bank of Nigeria (CBN) have reviewed the framework on the planned domicile of the significant portion...
For the fourth consecutive day, the equities market closed in the negative as investors lost N480 billion following poor performances by Unity Bank, STERLINGNG, and other...
The Nigerian National Petroleum Company (NNPC) Limited has ruled out an increase in the pump prices of Premium Motor Spirit (PMS) also known as petrol. The...
The Nigerian Government has set a target of generating a staggering N9.96 trillion from Petroleum Profit Tax (PPT) collections in 2024. This is despite the inability...
For the third consecutive day, trading activities on the floors of the Nigerian capital market closed in the red as investors lost N954 million on Wednesday....
Following the delisting of several companies from the equities market, the Senate Committee on Capital Market on Wednesday resolved to increase listing of quoted companies on...
The earnings of PZ Cussons, a personal healthcare products and consumer goods company, have taken a huge dent as the company reported an operating loss of...
Poor showing by BUA Cement, STERLINGNG, UPDC and other entities pulled the Nigerian stock market down by N849 billion on Tuesday. This followed the crash in...
The Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, on Tuesday revealed measures deployed by the apex bank to address the foreign exchange crisis in the...
The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun on Tuesday, February 6, 2024 lamented that Nigeria’s tax to Gross Domestic Product (GDP)...
Abbey Mortgage Plc has grown its net profit by 11.79 percent to N856.26 million in December 2023 from N766.19 million as of December 2022. The firm’s...