The equity capitalization in the Nigerian capital market dropped slightly by -0.06 percent at the close of trading on Friday. This represented a dip in the...
The Major Oil Marketers Association of Nigeria (MOMAN) said the abrupt reversal of the Petroleum Industry Act affected the oil and gas industry negatively. In a...
The International Renewable Energy Agency (IRENA)has said Nigeria is the highest importer of Premium Motor Spirit (PMS) and diesel generator in Africa, and one of the...
Netflix has made a change in its leadership role, as Reed Hastings steps down amid Disney and Amazon threat to the video streaming platform’s market share....
The Central Bank of Nigeria (CBN) has advised Nigerians to start rejecting old naira notes from banks. The apex bank further reminded bank customers that the...
The Nigerian capital market recorded sluggish growth on Thursday with the value of investments rising to N28.66 trillion at the close of trading. This represented a...
Dangote Cement, the largest publicly listed company in Nigeria has announced the retirement Michel Puchercos after three years of Group Managing Director/Chief Executive Officer. The development...
The Central Bank of Nigeria (CBN) said on Wednesday that the newly redesigned Naira notes would promote financial inclusion and check corruption in the country. The...
The Nigerian Economic Summit Group (NESG) has projected the unemployment rate in Africa’s most populous nation to hit 37 percent this year. This indicates that the...
Trading on Wednesday closed by -0.16 per cent after the market capitalisation of the Nigerian stock exchange settled at N28.65 trillion. This was below the N28.70...
The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria ended 2022 as Africa’s largest oil producer. According to OPEC, Nigeria in the month of...
Centum Investment Company Plc, the majority shareholder of Sidian Bank, has pulled out of a deal with Access Holdings. Access Holdings had through its subsidiary in...
The Nigerian capital market ended trading with N28.70 trillion on Tuesday. The figure was 0.64 percent or N183.7 billion higher than the N28.52 trillion posted by...
To stabilise the exchange rate in the official market, over $15.3 billion was disbursed into the economy by the Central Bank of Nigeria (CBN) in 2022....
The Central Bank of Nigeria (CBN) has revealed that the head of the financial regulator, Godwin Emefiele, will lead the upcoming Monetary Policy Committee meeting (MPC)....
The Central Bank of Nigeria (CBN) has decided to reach out to Nigerians via Short Messaging Service reminding them of the deadline date to deposit old...
Nigeria’s inflation rate slowed to 21.34% in the month of December 2022 from 21.47 percent in the previous month. The National Bureau of Statistics (NBS) announced...
Investors lost N80.85 billion on Monday after the market valuation of the Nigerian stock exchange dropped to N28.52 trillion. The loss represents a decline of -0.28...
The Central bank of Nigeria (CBN) has instructed banks and other financial institutions to identify, verify and keep adequate records of the real beneficial owners of...
Nine Nigerian commercial banks were surcharged a combined N147.65 billion by the Federal Government’s Asset Management Corporation of Nigeria (AMCON). The debt-recovery agency took possession of...
The Central Bank of Nigeria (CBN) has begun the deployment of the National Domestic Card Scheme, today, January 16, 2023. The card designed in partnership with...
Nigerian banks borrowing from the Central Bank of Nigeria (CBN) has increased to N11.15 trillion in 2022. Deposit Money Banks borrowed from CBN via the Standing...
Access Holdings, Oando and Thomas Wyatt made it into this week’s stocks to watch list due to various reasons, such as board and stock market activities....
Dangote Group has reacted to reports on the commissioning of its refinery this month. Reports emerged on Sunday that the multi-billion Naira Dangote refinery would commence...
Fear and greed are factors that control the price movement of a stock, but at the end of the week, the former controlled the decision of...
Within five days of trading this week, about 1.286 billion shares were traded on the exchange floor by investors who parted with N29.634 billion for the...
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...
Bitcoin (BTC) appreciated in value this week on the back of fund recovery in bankrupt cryptocurrency exchange platform, Futures Exchange (FTX). Bitcoin had closed January 8,...
The Group Chief Executive of the Nigerian National Petroleum Company Limited (NNPC) Limited, Melee Kyari, said on Friday the company has discovered oil in Nasarawa State....
The Eko Electricity Distribution Company (EKEDC) said on Friday that Ministries, Departments, and Agencies (MDAs) are owing N40 billion in electricity bills as of December last...
Justice Adegboyega Adebusoye of the Federal High Court, Akure, on Friday ordered the Central Bank of Nigeria (CBN) to freeze the account of Polaris Bank over...
The Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale-Smatt Oyerinde, said on Friday the country loses $2.5 billion in oil revenue monthly. Oyerinde, who disclosed...
The Nigerian capital market closed on a high note on Friday with the equity capitalization rising by 0.89 per cent at the close of the day’s...
Acquisition talks between Access Holdings and Centum Investment Plc have collapsed as the Nigerian and Kenyan companies failed to agree on conditions to finalise the buyout...
Nigerian oil companies are the biggest gainers in the scarcity of Premium Motor Spirit (PMS) within the country, that has led to Nigerians buying fuel above...
President of the 9th Senate, Ahmed Lawan on Thursday underscored the urgent need for the federal government to improve on revenue generation in order to deal...
Chevron Nigeria Limited (CNL) has dismissed rumours of its planned exit from the country. In a statement issued on Thursday by its General Manager, Policy, Government...
The Central Bank of Nigeria (CBN) has threatened to deal with commercial banks hoarding the new naira notes from the public. Many Nigerians have complained that...
The equity capitalization in the Nigerian capital market rose by 0.61 percent at the close of trading on Thursday. This represented a N173.73 billion growth in...
The Finnish research institute, Centre for Research on Energy and Clean Air (CREA), has stated that Russia’s oil revenue losses to European Union sanctions will increase...
Ukrainian government has disclosed that it will set up grain hubs in Nigeria and other African countries amid decline in importation of wheat from Russia in...
The World Economic Forum (WEF) has raised concerns about the health of the Nigerian economy and the tough job ahead for the country’s next president. In...
The Nigerian capital market rebounded from its previous losses on Wednesday after high demands for Thomas Wyatt, Champion Breweries and others shares lifted the bourse by...
The World Bank on Wednesday projected a 2.9 percent growth in Gross Domestic Product (GDP) for the Nigerian economy this year. The World Bank stated this...
The technical advisor to national carrier, Nigeria Air, Prof. Tilmann Gabriel, has revealed that Nigerian government paid $12.5 million for its stake. Ripples Nigeria had reported...
The court faceoff between Airline Operators of Nigeria (AON) the Nigeria Air Limited and the Minister of Aviation, Hadi Sirika, could cost Ethiopian Airlines incentives from...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced it has pre-qualified 139 firms that will be permitted to commercialize flared gas. The firms selected were...
Between 2019 and 2022, N173.2 billion was spent by the Federal Government to ensure equality of pump price of Premium Motor Spirit (PMS) at retail stations...
The investment value in the Nigerian capital market dropped by 0.47 percent at the close of trading on Tuesday. This represented a dip in the market...
Partners to Meta, the parent company of Facebook, Sama, has shut down its East African content moderation hub, a development that may cost 200 staff their...
