Nigeria’s sugar import from Brazil has increased to N385 billion ($592.18 million) despite the Central Bank of Nigeria’s decision to place the commodity on the foreign...
President Muhammadu Buhari has approved the acquisition of Mobil Producing Nigeria Unlimited (MPNU) by Seplat Energy Offshore Limited, an indigenous oil and gas company. ExxonMobil, the...
The founder of Binance, the largest cryptocurrency exchange platform, Changpeng Zhao, has warned cryptocurrency traders of the danger of the digital assets, as the market slumps....
Tesla Chief Executive Officer, Elon Musk, has given a condition to complete the $44 billion Twitter acquisition deal, months after the billionaire threatened to pull out...
The Nigerian Economic Summit Group (NESG) has urged the Central Bank of Nigeria (CBN) to find a solution to the country’s multiple exchange rates to attract...
Seplat Energy, First Bank of Nigeria Holdings, and McNichols, are some of the stocks to watch this week, with analysis showing that while some shareholders risk...
Investors in the Nigerian capital market traded 705.636 million shares worth N12.850 billion in 22,124 deals last week. This, however, fell short of the 1.546 billion...
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...
During the week, First Bank investors lost N1.79 billion in five days of trading, coupled with the FCT High Court Enforcement Unit in Abuja, shutting down...
The world’s richest man, Elon Musk, has lost -4.27 percent of his wealth after the Chief Executive Officer of Tesla denied a report that he planned...
The management of Polaris Bank on Friday dismissed a report that the bank was about to be sold to a private investor by the Central Bank...
The equity capitalization in the Nigerian capital market rose to N27.35 trillion at the close of trading on Friday. The figure was 0.2 percent or N81...
The Securities and Exchange Commission (SEC) has again warned Nigerians about the activities of unregistered investment crowdfunding platforms. Crowdfunding is the process of raising funds to...
Some Nigerians who decided to buy dollars with the hope of making big gains have been left to count their losses in the last three days....
The United Kingdom (UK) is preparing for a recession next year after the Bank of England projected that the economy would shrink for five consecutive quarters....
The Minister of Agriculture, Mohammad Abubakar, said bandit attacks on farmers haven’t affected the level of food production in the country, and blamed COVID-19 on the...
Investors at the Nigerian capital market went home with a loss of N6.82 billion as sell-off continued to dominate activities at the bourse on Thursday. The...
The former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, on Thursday slammed the Federal Government and the apex bank over the country’s...
Wema Bank Plc has posted a growth performance across all financial indices in the First-Half of its 2022 operations. This information is contained in the Financial...
The Central Bank of Nigeria (CBN) Deputy Director, Banking Services, Egboagwu Ezulu, has blamed the private sector for the scarcity of foreign currencies, after the dollar...
The Minister of Transportation, Mu’azu Sambo, has disclosed that the approval to develop the Badagry Seaport has been obtained during the Federal Executive Council (FEC). President...
The Nigerian capital market slipped back to the bear territory following the dip in equity capitalization by -0.06 percent at the close of trading on Wednesday....
Nigerian government’s quarterly revenue generated from the train operation will take a hit in the third quarter of 2022, as the Nigeria Railway Corporation (NRC) suspends...
The Minister of State for Petroleum Resources, Timipre Sylva, on Tuesday revealed that the federal government was not responsible for the increase in the price of...
Oil giant Shell Petroleum Development Company (SPDC) has blamed Nigeria’s economic woes, including the free fall of the naira value and high cost of living on...
United Bank for Africa (UBA) has appointed Oliver Alawuba as Group Managing Director. He will now oversee the operations of the firm in 20 countries, which...
In October 2021, Preline Limited acquired a majority stake in Eterna, nine months later, the investment company is seeking to acquire another round of shares in...
The equity capitalization in the Nigerian capital market rose to N27.30 trillion at the close of trading on Tuesday. The figure was N364.3 billion higher than...
Flutterwave continues to make headlines for bad reasons, as the Bank of Ghana has officially began to probe the African unicorn after several allegations from Nigerian...
BUA Foods generated N168.85 billion revenue from its household consumables in the first half of 2022, above the N151.73 billion grossed during the corresponding period in...
The tough economic situation in the country is forcing Nigerians to abandon their bank accounts. According to the latest fact sheet data published by the Nigerian...
MTN Nigeria has reported that N479.10 billion was generated from sales of airtime, data, SMS, and other business-related services in Q2 2022, rising by 18.02% from...
Minister of communications and digital economy, Isa Pantami, has opposed a plan by the federal government to impose five per cent excise duty on telecommunications services...
Seplat Energy has commenced the transportation of crude oil through the new Amukpe-Escravos Pipeline located in Niger Delta. This is one of the steps taken by...
The market capitalisation of the Nigerian bourse depreciated to N26.93 trillion on Monday, from N27.16 trillion, after sell off wiped off Friday’s gain. Monday’s share dump...
With the earnings season upon us, investors are getting a glimpse of what their investment could become in future, and for some, its more growth or...
After five days of trading, the Nigerian stock market recorded 1.546 billion shares, exchanged in 23,873 deals this week, worth N16.289 billion. However, on the exchange...
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 Emirates Airline has revealed that it will reduce its operations in Nigeria from next month over funds that it is unable to repatriate. The airline...
The Manufacturers Association of Nigeria (MAN) has described the recent upward review of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria’s (CBN) Monetary...
Unity Bank reported 17% growth in its half-year turnover for 2022, as the lender closed the first six month of the year at N27.6 billion, surpassing...
For the six months ended June 30, 2022, FCMB Group Plc has reported better-than-impressive Earnings, Revenue, Deposits, Loans and Asset Under Management growth, and impressive climate...
The Nigerian capital market rebounded from three consecutive losses on Friday with the investors taking home N379.1 billion at the close of the day’s business. This...
The President of the Democratic Republic of Congo, Félix Tshilombo, has invited international investors to tender bids for the country’s oil and gas blocs as the...
Africa’s largest airline group, Ethiopia Airlines, has acquired the first A350-1000 aircraft on the continent. The Ethiopian Airlines Group Chief Executive Officer, Mesfin Tasew, confirmed the...
President Muhammadu Buhari has approved the designation of Lekki Deep Sea port as a Customs Port and Approved Wharf. The Nigerian Port Authority (NPA) confirmed the...
The Managing Director and Chief Executive Officer of Heritage Bank, Ifie Sekibo, said the launch of Lagos Commodities and Future Exchange (LCFE) will unlock investment opportunities...
The Chief Executive Officer of Union Bank, Mudassir Amray, has revealed that the lender will go ahead to merge with Titan Trust Bank despite an existing...
As the Federal Government prepares to apply a 5% inclusive excise duty on telecommunications services in Nigeria, Nigerians will soon begin paying 12.5% tax on those...
The former Treasurer and Vice President of the World Bank, Arunma Oteh, has resigned her position as a Non-Executive Director in oil and gas company, Seplat...
