MTN Nigeria, Fidelity Bank and Zenith Banks are some of the stocks to watch out for as the Nigerian stock market resumes for another trading session...
Nigeria’s (CBN) discount window, known as the Standing Lending Facility (SLF), has increased to N4.4trn. Banks regularly access the CBN’s Standard Lending Facility (SLF) to borrow...
The Presidential candidate of the Labour Party, Peter Obi, said he will eliminate the fixed exchange rate of the Central Bank of Nigeria (CBN) if elected...
The Nigerian National Petroleum Company Limited (NNPC) has failed to make remittances into the federation account for seven straight months in 2022. This is despite a...
The Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Company (NNPC) Limited, Garba Muhammad, has said Premium Motor Spirit (petrol) will be selling for...
The Federal Government and cryptocurrency platform, Binance Holdings Limited, are currently holding talks on the establishment of a digital economic zone that will help entrepreneurs fast-track...
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...
Almost every state in Nigeria has several old apartments that have been in existence for decades. Some apartments are demolished while some are renovated. But no...
The Federal Government generated N600.15 billion as Value Added Tax (VAT) in the second quarter of this year. The National Bureau of Statistics (NBS) disclosed this...
Investors traded 1.195 billion shares worth N12.924 billion in 19,305 deals as investment grew this week. This week’s total investment surpassed the 914.443 million shares valued...
The Nigerian capital market’s total share value rose by 3 percent at the close of trading on Friday. This means the capital market’s equity capitalization rose...
The Debt Management Office (DMO) has said it is concerned about the Federal Government’s debt service-to-revenue ratio. The federal government’s projected deficit for the 2023 budget...
The Nigerian National Petroleum Company (NNPC) has failed to sell enough crude oil to offset its petrol subsidy debt to oil marketers in Nigeria. Data obtained...
The World Bank Group’s President, David Malpass, has stated that the bank is prepared to assist Nigeria in phasing off regressive fuel subsidies while enhancing social...
The Nigerian Customs Service (NCS) has claimed that the Nigerian National Petroleum Company (NNPC) Limited (previously known as the Nigerian National Petroleum Corporation) is unable to...
The Nigerian capital market’s stock value rose by 1 percent at the close of trading on Thursday. This means that the capital market’s share value rose...
Ahmed Halilu, the elder brother to the First Lady, Aisha Buhari, has been appointed as the Managing Director of Nigerian Security Printing and Minting Company (NSPMC)....
In April 2014, Aliko Dangote was far richer than Indian billionaire and founder of Adani Enterprises, Gautam Adani, with the Nigerian investor ranked within the top...
The Kenyan High Court on Tuesday ordered the seizure of $3.3 million belonging to Nigerian financial technology company, Flutterwave. Justice Grace Nzioka gave the order while...
The Nigerian capital market rebounded from its two consecutive losses on Wednesday, closing with N26.88 trillion at the end of the day’s trading. The figure was...
Emirates Airlines has resumed flight operations to Nigeria’s commercial capital of Lagos. The airline announced this in emails sent to its customers and seen by Ripples...
Nigeria recorded a total of $1.535 billion in capital importation in the second quarter of this year. The National Bureau of Statistics (NBS) disclosed this in...
Indian billionaire and founder of Adani Enterprises, Gautam Adani, has displaced the American duo of Bill Gates and Bernard Arnault on the world’s rich list. In...
Nigerian telecom companies will from September begin to earn more revenue on international calls terminating their network from outside the country. This follows the Nigerian Communications...
Local airline companies in Nigeria have been issued the riot act by the Nigerian Civil Aviation Authority (NCAA) because of N19 billion indebtedness. Capt. Musa Nuhu,...
The Nigerian National Petroleum Company Limited has reached an agreement with Dangote Refinery to supply crude oil for 20 years. The agreement gives NNPC the first...
The Nigerian stock market failed to recover from the previous day’s loss with equity capitalization crashing to N26.77 trillion on Tuesday. The figure was -0.06 percent...
Fidelity Bank Plc is finalizing an agreement to buy Union Bank UK Plc. The acquisition will further strengthen Fidelity bank’s push to become a tier 1...
One of the major airlines of the United States, Delta Air Lines, has disclosed that the company will be suspending one of its major direct flights...
Nigeria’s Gross Domestic Product (GDP) rose to 3.54% year-on-year in the second quarter of 2022, falling 1.47% below the 5.01% the economy grew in Q2 2021,...
The Federal Government will once again depend heavily on domestic and foreign creditors in 2023, as the Minister of finance, budget and national planning, Zainab Ahmed,...
The Federal Government has proposed a 2023 budget of N19.76 trillion. The Minister of Finance, Budget and National Planning, Zainab Ahmed, disclosed at a meeting with...
The Nigerian capital market closed business on Monday with the equity capitalization standing at N26.794 trillion. The figure was -0.01 percent or N2 billion lower than...
The Director, Trade and Exchange department of the Central Bank of Nigeria (CBN) Ozoemena Nnaji, said the ‘Naira 4 Dollar Scheme’ created by the financial regulator...
Access Corporation has revealed that the company received regulatory approval for the acquisition of First Guarantee Pension Limited (FGPL), but didn’t disclose which of the regulators...
Access Bank has announced it is cutting operating hours amid the rising cost of diesel and low power supply. The bank disclosed this in a notification...
The National Bureau of Statistics (NBS) has revealed that in the first six months of 2022, Nigerians paid N1.09 trillion in indirect tax to the federal...
As the stock market resumes trading for another session of sell offs and buy-ins from institutional and retail investors, Nestle Nigeria, MTN Nigeria and Ellah Lakes...
The Central Bank of Nigeria (CBN) has approved a reward scheme for users of the eNaira, including merchants. This includes providing merchants with the required promotional...
Nigerian Export Promotion Council (NEPC) has announced that non-oil products exported out of the country rose to N1.77 trillion in the first six months of this...
Sam Zuga, the creator of the Nigerian cryptocurrency Zugacoin, has responded to various claims, including the impossibility of merchants and users of the digital currency to...
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...
Investors traded 914.443 million shares worth N15.263 in 18,021 deals this week. This surpassed the 823.005 million shares valued at N12.228 billion which exchanged hands in...
South Korean major financial service and investment firms are preparing to enter the crypto industry following the election of a new president. A report from a...
Chapel Hill Denham, an investment banking firm, has ranked Nigeria’s cement giants, Dangote Cement and BUA Cement as the two biggest cement companies in Africa by...
Investors in the Nigerian capital market went home with N10.93 billion after the equity capitalization appreciated by 0.04 percent at the end of Friday’s trading. The...
The Central Bank of Nigeria (CBN) has released the sum of $265 million to airlines operating in the country as settlement of outstanding ticket sales. The...
A United States court has granted Elon Musk’s request for Twitter to turnover some of its user data to enable his counsel defend his reasons for...
Nigeria’s GDP grew 3.54% in the second quarter, slower than in the same period a year earlier, as oil production declined and inflation rose. The Q2...
The Unstructured Supplementary Service Data (USSD) code for the eNaira is *997#, according to the Central Bank of Nigeria (CBN). The USSD code was announced 10...
