The United Kingdom has launched a developing country trading scheme (DCTS) that will see Nigeria and others export to the country duty-free from 2023. The British...
The Nigerian currency, Naira, continued its poor performance against the United States dollar as forex scarcity piled more pressure on the official foreign exchange market Tuesday....
A new study has revealed that Nigerians and citizens of other third-world nations would face a serious food crisis in the event of a nuclear war...
The Nigerian capital market rebounded from the last three consecutive losses with the equity capitalization closing at N26.81 trillion on Tuesday. The figure was N43.15 billion...
LandWey Investment Limited, a major player in Nigeria’s real estate sector has bagged the IAS accredited DMSL ISO 9001:2015 certification in recognition of its commitment, attainment...
Interest rate on savings account have been increased by the Central Bank of Nigeria (CBN), as the financial regulator move to reduce money supply in the...
The price of household cooking gas known as Liquefied Petroleum Gas (LPG) rose by over 100 per cent year-on-year, the latest report from the Nigeria Bureau...
The President of the Chartered Institute of Taxation of Nigeria (CITN), Adesina Adedayo, has blamed low tax compliance in the country on the mistrust Nigerians have...
Alcoholic and non-alcoholic producers in the Nigerian market cashed in on heavy drinkers in the first six months of 2022, as their turnover for the period...
Nigeria’s external reserves fell to $38.882 billion, as the Central Bank of Nigeria (CBN) pumps foreign exchange into the forex market to defend the naira, as...
The Nigerian stock market resumed trading this week, the market capitalisation dropping by -0.06 percent on Monday. This brought down the equity capitalization by N18.6 billion...
Nigeria’s Consumer Price Index (CPI) otherwise known as the headline inflation sustained its upward movement as it rose to 19.64 percent in July 2022 on a...
With the Nigerian stock exchange resuming this week, Seplat, Ardova and Flour Mills of Nigeria (FMN) are some of the stocks investors need to watch out...
The Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that business transactions worth N204.5 trillion were performed electronically in Nigeria between January and July this year. This...
Investors parted with N13.547 billion for 1.511 billion shares in 20,074 deals last week. This surpassed the N12.850 billion which investors splashed on 705.636 million shares...
A short-let apartment is a fully furnished luxury apartment that is rented for a short period, usually for months or weeks. Short-let apartments have been considered...
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 Federal Government on Friday asked the civic-tech organisation, BudgIT, to apologise to the Edo State government for listing the state as one of the 12...
Investors in the Nigerian capital market lost N189.06 billion at the close of trading on Friday. This followed the dip in equity capitalization by -0.7 percent...
A Non-Executive Director with Seplat Energy Limited, Kazeem Raimi, has sold his entire shares in the company following President Muhammadu Buhari’s withdrawal of his approval for...
Tesla, the company owned by the world’s richest man, Elon Musk, showed interest in signing a trade partnership with Nigeria, to import raw materials for production...
Amid lingering dollar scarcity, Nigeria’s foreign exchange for food, fuel and other imports jumped by 45 per cent in the first half of this year compared...
The Central Bank of Nigeria (CBN) has revealed that Nigeria in six months of 2022 attracted $1.47 billion capital inflows. According to CBN the Nigerian banking...
Seplat share slumped on Thursday at the London Stock Exchange (LSE) after President Muhammadu Buhari rescinded the approval given to the firm to complete the acquisition...
Honeywell Flour Mills has disclosed that Flour Mills of Nigeria will acquire more stake in the company through mandatory takeover, four months after FMN purchased 76.75%...
The Nigerian currency, Naira, depreciated heavily against the United States dollars at the official market on Thursday. After trading activities on Thursday, Data from FMDQ Securities...
Investors in the Nigerian capital market lost N32.83 billion following the crash in equity capitalization by -0.12 percent on Thursday. The equity capitalization dropped from N27...
The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday Nigeria’s crude oil production increased to an average of 1.183 million barrels per day (bpd)...
Seplat Energy has informed its investors that the company is holding discussion with the authorities to avert the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from...
Twitter has been accused by Elon Musk of hiding key witnesses needed by the defense ahead of the trial set for October, as both parties have...
The world’s richest man, Elon Musk, has reduced his investment in Tesla. The billionaire took out $6.9 billion from his investment in the automaker by selling...
Seplat Energy has denied impropriety in the process of securing approval for the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from American multinational oil firm, ExxonMobil....
The Central Bank of Nigeria (CBN) has said that Nigeria cannot stop burrowing, especially when it is necessary as it is part of fiscal responsibility. The...
South African Airways will henceforth reject Naira for payment of its flight tickets. The airline disclosed this in a statement issued on Wednesday and addressed to...
The Nigerian capital market was lifted by the 1.46 percent rise in equity capitalization at the close of trading on Wednesday. After eight hours of trading...
The Nigeria Deposit Insurance Corporation (NDIC) has stated that Polaris Bank remains unsold, days after a report that Auwal Lawan Abdullahi, an investor in farm business,...
Aliko Dangote, the founder of Dangote Cement, lost -9.05% of his investment in the construction provider on Tuesday, after investors dumped the firm’s shares following a...
According to International Trade Centre data, Nigeria spent $2.35 billion on telephone imports during a three-year period. The data shows the country spent $807.95 million on...
Epileptic power supply and incessant increase in cost of commodities threatens survival of many small scale businesses relying on power supply in Nigeria. ABDULGANIYU ABDULRAHMAN AKANBI...
President Muhammadu Buhari has disclosed that his administration disbursed N100 billion to indigenous pharmaceutical manufacturers, with healthcare investors also benefiting from the fund. Buhari had financed...
The Nigerian currency, Naira, recorded a slight gain over the United States dollar at the official exchange market on Tuesday. Data from FMDQ Securities where investors...
Ardova Plc has reacted to reports on the winding up of its largest shareholder, Prudent Energy and Services Limited (PESL), over failure to meet its debt...
The Managing Director of Financial Derivatives Company Limited (FDC), Bismarck Rewane, said on Tuesday the Naira was over-valued by 200 percent. Rewane, who stated this in...
The Nigerian capital market recorded a loss of N620 billion following the dip in equity capitalization by -2.25 percent on Tuesday. At a time, sell-off among...
The Group Managing Director of Flour Mills, Boye Olusanya, said at the weekend Nigeria still relies heavily on food importation to meet existing gaps despite several...
Air Peace has suspended its passenger flight to South Africa due to slow approval of the country’s visas to Nigerians, while complaining that aviation fuel and...
The management of Caverton Offshore Support Group are struggling to keep the earnings of the company afloat, as revenue of the logistics firm fell -39.3% in...
The approval Seplat secured from President Muhammadu Buhari for its acquisition of ExxonMobil’s Nigerian subsidiary, Mobil Producing Nigeria Unlimited (MPNU), has hit another rock. Chief Executive...
Nigerian manufacturers are groaning under the weight of heavy cost of production as foreign exchange challenges and epileptic power supply continued to undermine their activities. The...
Investors in the Nigerian capital market lost N120 billion as significant sell-off hit the bourse on Monday. This followed the drop in equity capitalization from N27.35...
