The Nigerian capital market extended its bullish run with a rise in equity capitalization by 0.7 percent on Thursday. This represents N199.02 billion growth in equity...
The Senate has suspended the request by President Muhammadu Buhari to restructure the N22.7 trillion loan from the Central Bank of Nigeria (CBN) over accusation of...
The Nigeria Interbank Settlement System (NIBSS) has revealed that more Nigerians are going cashless as the volume of financial transaction through mobile devices has more than...
The Nigerian capital market resumed from the Christmas holiday on Wednesday with a gain of N124.46 billion. This represents a 0.4 percent increase in market capitalization...
Negotiation between Femi Otedola’s company, Geregu Power, and Fund for Export Development in Africa (FEDA) is set to hit advanced stage as the latter received internal...
Data from the National Bureau of Statistics (NBS) has shown that in the last year (2021 to 2022), the cost of air tickets rose by 97...
Members of the Monetary Policy Committee (MPC) have called on the Central Bank of Nigeria (CBN) to carry out a bold reform of the foreign exchange...
Airline operators in Nigeria risk a two-year imprisonment, N5 million fine, or both for failing to remit the mandatory five percent charge from sales of tickets...
Despite the current economic challenges in the country, Nigerians spent over N166 million during Christmas weekend watching 17 movies at cinemas. The amount was spent between...
The World Bank has advised the Central Bank of Nigeria (CBN) to review the ‘Race to US$200 Billion In FX Repatriation (RT200 FX) Programme’ due to...
The board of Tantalizers has disclosed that the company will be selling a majority stake in the company after holding an Extra-Ordinary General Meeting. According to...
The global crude oil price has continued to hover around $75 to $84 per barrel in the last few weeks and experts believe it could drop...
The Central Bank of Nigeria (CBN) has disclosed that it has placed at least 6,047 Bank Verification Numbers on its watch list over fraudulent transactions. CBN...
Foreign airlines’ inability to repatriate their revenues in Nigeria has led to loss of jobs as travel agents are closing their businesses in the wake of...
PZ Cussons, Thomas Wyatt and Geregu made it into the stocks to watch list this week, as the Nigerian stock exchange resumes for a three-day trading...
The Federal Government has moved to impose a 0.5 percent levy on goods imported from countries outside Africa in a bid to meet obligations to the...
Investors in the Nigerian capital market traded 860.933 million shares valued at N16.1 billion in 14,502 deals this week. This surpassed the 814.089 million shares worth...
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 market capitalization rose by 0.4 percent at the close of business on Friday. This means the value of investments in the capital market increased by...
The Nigerian National Petroleum Company (NNPC) Limited and the Independent Petroleum Marketers Association of Nigeria (IPMAN) are negotiating delivery of Premium Motor Spirit (PMS) amid fuel...
The World Bank has once again criticized the Central Bank of Nigeria’s (CBN) exchange rate management style which has divided opinions among economists and public policy...
Following threats to debtors and complaints among Nigerians, the House of Representatives has resolved to investigate Carbon, Fairmoney, OKash and other lending applications (apps) companies. The...
The Central Bank of Nigeria (CBN) has explained the decision it came up with in redesigning some Nigeria currency notes and the cash withdrawal limits it...
Nigeria’s Securities and Exchange Commission (SEC) has sounded the alarm to Nigerians over investing in four blacklisted Italian e-Commerce platforms. In a statement issued on its...
The value of investments in the Nigerian capital market rose to N26.96 trillion at the close of trading on Thursday. The figure was N13.07 billion or...
The International Monetary Fund (IMF) has warned oil exporting countries in Africa to save earnings from the boom in crude oil price, as transition to low-carbon...
The Secretary, Independent Petroleum Marketers Association of Nigeria (IPMAN) Abuja-Suleja, Mohammed Shuaibu, has said the Nigerian National Petroleum Company (NNPC) Limited should be blamed for the...
Nigerian capital market closed on a positive note on Wednesday with the equity capitalization appreciating by 0.11 percent. This means the market capitalization increased from N26.91...
President Muhammadu Buhari has disclosed that the Federal Government made $547 million from the sale of Fifth Generation (5G) spectrum to MTN Nigeria and Mafab Communications....
To save Nigerians from falling victim of fake naira notes, the Central Bank of Nigeria (CBN) has released the security features of the new naira notes....
The Nigerian capital market ended trading on Tuesday with the equity capitalization rising to N26.915 trillion. The figure was N662.36 million higher than the N26.914 trillion...
The World Bank has expressed concerns over the redesign of the Naira notes by the Central Bank of Nigeria (CBN). President Muhammadu Buhari unveiled the newly...
Berger Paints has appointed Celestine Aruoture from Union Bank as its Chief Operating Officer amid intense competition from Chemical And Allied Products (CAP) and Meyer Plc....
The Central Bank of Nigeria (CBN) has threatened to revoke banks’ foreign exchange dealership licenses if they work with International Money Transfer Operators, IMTOs, in violation...
The World Bank has cautioned that the newly redesigned naira, which entered circulation last week, may have a detrimental impact on economic activity, particularly for impoverished...
The Federal Government generated N1.4 trillion from Value Added Tax (VAT) and Company Income Tax in three months. The National Bureau of Statistics (NBS) disclosed this...
The National Bureau of Statistics (NBS) revealed on Monday the average price of petrol rose to N202.48 per liter in November. The agency disclosed this in...
The Nigerian capital market extended its bullish run with the rise in equity capitalization to N26.91 trillion at the close of trading on Monday. The figure...
Foreign creditors who bought into Ghana’s eurobonds, commercial terms and other investment securities will not be collecting their money back anytime soon, and Ghanaian traders, as...
Elon Musk has said he will step down as the head of Twitter after millions of Twitter users voted for him to leave the role. “Should...
Tax relief applications by Aliko Dangote’s coal company, Flour Mills Nigeria Plc, Max Air, and about 169 other corporations are likely to be rejected by the...
Members of the Association of Mobile Money and Bank Agents (AMMBAN) have threatened to take their protest of the cash withdrawal limit to the streets and...
The Association of Dangote Cement Transport Drivers in Obajana, Kogi State, has reportedly urged all of its members to boycott cement shipment to five states in...
Sterling Bank Plc has created a Made-By-Nigerians platform, a community designed to showcase the best products and services made by Nigerians, at home and abroad. The...
The Central Bank of Nigeria (CBN) has revealed that the Federal Government’s earnings from crude oil and gas exports increased by $40.86billion (about N18.18 trillion) in...
As the Nigerian stock market resumes trading this week, some of the stocks to watch out for are Dangote Cement, MCNichols and Learn Africa. Ripples Nigeria...
The Argentina national team will take home $42 million after winning the FIFA World Cup on Sunday. The Lionel Messi-inspired La Albiceleste lifted the FIFA World...
Investors in the Nigerian capital market parted with N12.204 billion for 814.089 million shares in 15,488 deals this week. This however fell short of the N15.243...
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...
As Christmas and New Year celebrations beckon, the Independent Petroleum Marketers Association (IPMAN), Aba Depot Unit, has tasked the Federal Government on massive importation of fuel...
