The Association of Power Generation Companies (APGC) on Thursday, lamented that the electricity consumption demand of Nigerians were not encouraging its members to generate more. The...
Godwin Emefiele-led Central Bank of Nigeria (CBN) has been accused by the Acting President of the Association of Nigerian Licensed Customs Agents (ANLCA), Kayode Farinto, of...
The Nigerian capital market continued its bullish run with a 2.02 percent rise in equity capitalization at the close of trading on Thursday. In what was...
The Federal Government has dismissed reports on the rejection of Naira for flight tickets by international airlines operating in the country. South African Airways had on...
The Debt Management Office (DMO) Director-General, Patience Oniha, has said the Federal Government can increase its low revenue and reduce debt by addressing petrol subsidy and...
La Liga, Bundesliga, Serie A, Ligue 1, and the Eredivisie fell behind the English Premier League (EPL) on the list of highest broadcasting revenue by European...
The Nigerian National Petroleum Company (NNPC) Limited and its other major partners lost 9.4 million barrels of crude oil in the month of May, arising from...
The Nigerian National Petroleum Corporation (NNPC) limited has settled long-running disputes with four international oil companies operating in Nigeria. The companies are Shell Plc, ExxonMobil Corporation,...
Nestle Nigeria got new funding from Switzerland multinational food and drink processing conglomerate, Nestle S.A, in exchange for shares, as the foreign company moves to increase...
The Federation Account Allocation Committee (FAAC) on Wednesday shared N954.085 billion to the three tiers of government as revenue allocation for July. The Director of Information...
The Nigerian Export Promotion Council (NEPC) said on Wednesday Nigeria exported products worth $2.593 billion in the first half of this year. The Executive Director of...
MTN Nigeria has commenced a test run of the 5G network in six states and the Federal Capital Territory (FCT). This followed the failure of Mafab...
The Nigerian capital market ended its two straight losses following the rise in equity capitalization by 0.24 percent on Wednesday. This lifted the equity capitalisation by...
Vice President Yemi Osinbajo said on Wednesday Nigeria would need at least $410 billion to achieve its energy transition plan by 2060. Osinbajo, according to a...
The Minister of Culture and Information, Lai Mohammed, said the Nigerian government is finding a solution to assist foreign airlines repatriate their funds within the Nigerian...
Twitter’s former security chief, Peiter Zatko, has released an 84-page whistleblower complaint disclosing the lapses of the social media company, including its misinformation about bot accounts....
At a time many oil-producing countries in the world are cashing out big, the Nigerian National Petroleum Company (NNPC) Limited has announced that nothing was deposited...
The Chief Executive Officer of Tesla, Elon Musk, has requested the release of documents containing information on Twitter’s user metric presently in possession of its co-founder,...
The Nigerian capital market ended trading with a whooping N426.06 billion loss on Tuesday. This followed the crash in equity capitalization by -1.60 percent from N26.61...
Retail and institutional investors in the equity market are at risk of having their investment influenced by bitcoin and other cryptocurrency volatility, according to the International...
As Nigeria’s 2023 general election draws closer, and foreign exchange scarcity lingers, foreign investors are cutting down their investment into the Nigerian stock market, and this...
The Chinese government has revealed plans to forgive 23 interest-free loans to 17 African countries. China also revealed its intention to provide food assistance to struggling...
Aliko Dangote’s cement company is gradually losing its market share to rivals, BUA Cement, owned by Abdulsamad Rabiu, and Lafarge, as Nigerians bought N1.18 trillion worth...
The federal government has prohibited the use of foreign models and voiceovers in advertisements directed at Nigerians. Olalekan Fadolapo, director-general of the Advertising Regulatory Council of...
The Group Managing Director of First Bank of Nigeria (FBN) Holdings, Nnamdi Okonkwo, has finally put his skin in the game by making his first stock...
The Nigerian currency, the Naira, has come under tremendous pressure amid demand from foreign airlines for Nigerians to buy flight tickets in dollars. Ripples Nigeria had...
The Nigerian capital market’s equity capitalization crashed to N26.61 trillion at the close of trading on Monday. The figure was -0.05 percent or N13.99 billion lower...
The Zambian Minister of Commerce and Industry, Mr. Chipoka Mulenga, has sought the assistance of the President, Dangote Group, Aliko Dangote in the development of his...
Mafab Communications Limited will miss the deadline to rollout 5G network, after securing license alongside MTN Nigeria nine months ago, defeating Airtel Africa in a bidding...
The increase in electronic banking transactions has made the Central Bank of Nigeria (CBN) reduce the minting of the Naira. The CBN Deputy Governor, Economic Policy...
Nigerian Breweries, Guinness and Honeywell made it into the list of stocks to watch this week, as the stock market resumes trading for another week. Ripples...
The Minister of State for Budget and National Planning, Prince Clem Agba has called on Nigerians to ditch the mentality of thinking foreign products are better...
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 family members of 2,249 deceased workers got N12.3 billion benefits under the Contributory Pension Scheme between April and June this year. The National Pension Commission...
Over 823.005 million shares were traded in 17,482 deals worth N12.228 billion this week, against the 1.511 billion shares that exchanged hands last week in 20,074...
The National Pension Commission (PenCom) said it recovered N721.12 million from employers who failed to remit pension contributions for their employees to respective pension fund administrators...
More Foreign airlines are demanding Nigerians pay for flight tickets in dollars amid trapped revenue put at over $600 million. The likes of British Airways and...
It’s been a bit hard after the pandemic and Nigeria hasn’t found its feet yet. It’s even a lot more complicated with the constant rise in...
Investors in the Nigerian capital market lost N94.8 billion at the close of trading on Friday. This followed the crash in equity capitalization by -0.35 percent...
Internet service providers, payment system operators and telecommunications companies have been directed not to provide their services to Sokoloan, and other loan apps under investigation. In...
The International Air Transportation Association (IATA) has condemned the Nigerian government for its handling of repatriation of funds of foreign airlines, after Emirates Airlines threaten to...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Thursday the Federal Government spends N18.3 billion daily on fuel subsidy. The minister stated...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Thursday the digital currency, eNaira, has recorded N4 billion transactions since its launch...
Investors in the Nigerian capital market lost N78.09 billion following the dip in equity capitalization by -0.29 percent on Thursday. After eight hours of trading on...
The Central Bank of Nigeria (CBN) has announced that Nigerians will from next week use USSD code for eNaira transactions. USSD is a code programmed into...
The owners of Manchester United, Glazer family, are set to sell part of their stake to reduce their control over the English Premier League club after...
To reduce its losses from Nigeria, Emirates Airlines on Thursday announced that it was suspending all its flights in and out of the country. The suspension...
The Minister of Finance, Budget, and National Planning, Zainab Ahmed, said on Wednesday the Federal Government has released N471.9 billion out of the $1.5 billion approved...
The equity capitalization in the Nigerian capital market dropped to N26.80 billion at the close of trading on Wednesday. The figure was -0.03 percent or N9.86...
The shares of Premier League football club, Manchester United, rose by 5.26% at pre-market after world’s richest man, Elon Musk, disclosed that he plans to acquire...
