Investors in the Nigerian stock market lost a whopping N281.17 billion to massive sell-off on Thursday. The loss followed the drop in the market capitalization by...
The Chief Executive Officer of CWG Plc, Adewale Adeyipo, on Thursday explained why many technology startups in the country failed to live up to their potential....
The Minister of Finance, budget and national planning, Zainab Ahmed, said President Muhammadu Buhari’s administration withdrew $35.6 million from the excess crude account for security. Ahmed...
Conceiving ideas and starting a business may look easy but growing a business is not a cinch. The Corporate Affairs Commission claims to have registered over...
The Federal Government has again depleted the country’s Excess Crude Account (ECA) after withdrawing $35.377 million in May this year. With this development, only $376,655.09 is...
Nigeria has attained another dubious global ranking with its debt service ratio now judged to be the highest in the world by the Economist Intelligence Unit...
The Senate on Wednesday summoned the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over the poor state of the Naira. This followed the...
The equity capitalization in the Nigerian capital market dropped by -0.50 percent at the close of trading on Wednesday. After eight hours of trading on the...
BUA Cement, owned by billionaire, Abdulsamad Rabiu, reported its revenue grew by 51.7% in the second quarter of 2022. While this is an impressive growth, the...
James Odaudu, the Special Assistant to the Minister of Aviation on public affairs, Hadi Sirika, has revealed that Dana Air will be audited by the aviation...
Aliko Dangote, the founder of Dangote Cement, said his crude oil refinery plant would help Nigeria solve its foreign currency scarcity and increase the country’s international...
The International Monetary Fund (IMF) retained the 3.4 percent growth projection for the Nigerian economy this year despite soaring inflation, and the country’s inability to cash...
The Nigerian capital market continued to suffer significant losses after the bourse’s share depreciated by -1.86 percent on Tuesday. The development brought down the equity capitalization...
The effect of the economic downturn keeps ravaging crucial sectors as private transport owners have announced a 25 per cent increase in fares between Nigerian states....
The United States International Development Finance Corporation (DFC) and Access Bank Plc have signed an agreement on a $280 million support for Small and Medium Enterprises...
The price of bread is expected to rise by 20 with the bakers divided on how to address the increase in price of raw materials occasioned...
States in Nigeria are in dire strait and desperately looking for means to pay salaries and cover budget expenses amid dwindling allocation from the federation account....
The National Industrial Court has fined the Central Bank of Nigeria (CBN) N100,000 after seeking to introduce new stay of execution application in the case against...
The Nigerian capital market closed trading with a loss of N312.4 billion following the crash in equity capitalization by -1.11 percent on Monday. After eight hours...
The founder of BUA Group, Abdulsamad Rabiu, has joined his rival, Aliko Dangote, in the debt market, as both billionaires are in need of capital to...
Airtel Africa has purchased additional spectrum in Kenya to extend its operation in the country, eight months after the company lost the 5G bid to its...
Following the new status of the commercialized Nigeria National Petroleum Company (NNPC) Limited, about 500 staff have been earmarked to go. The affected staff have been...
The founder of satellite company, Starlink, Elon Musk, has revealed when the company’s operation will start in Nigeria, as the firm prepares to compete against MTN...
Investors spent N14.803 billion on 917.190 million shares in 19,513 deals last week. This was in contrast to the N7.517 billion the investors coughed out for...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The company managing traffic in Nigerian seaports, Transit Truck Park Limited (TTP) has denied reports of a shake-up in its management two weeks after a face-off...
The European Union has concluded plans to sign a gas supply agreement with Nigeria following a disagreement with Russia. Moscow has aborted gas supply to the...
Investors in the Nigerian capital market continued their sell-off on Friday and pushed down the equity capitalization by -0.23 percent at close of the day’s trading....
Elon Musk has been blamed for Twitter’s dwindling revenue after it reported $1.18 billion in turnover for Q2 2022 financial statements, as the company and the...
The Competition and Consumer Protection (CCP) tribunal has fined MultiChoice N100,000 amid a case against the company involving subscription price hike and contempt of court. MultiChoice...
The world’s richest man, Elon Musk, was the subject of a joke made by Microstrategy founder, Michael Saylor, on Thursday, after the Tesla Chief Executive Officer...
Debt servicing surpassed Nigeria’s generated revenue in the first quarter of this year, the Ministry of Finance revealed on Thursday. In the fiscal performance report released...
The Federal Government will spend N2.7 trillion more on fuel subsidy payment in 2023. The Minister of Finance, Budget and National Planning, Zainab Ahmed, who disclosed...
Investors in the Nigerian capital market lost N34.7billion following the drop in equity capitalisation to N28.10 trillion on Thursday. The figure was less than the N28.14...
The House of Representatives on Thursday resolved to stop the privatisation of five power plants belonging to Niger Delta Power Holding Company in Nigeria (NDPHC). This...
Elon Musk has sold Tesla’s bitcoin holdings amid slump in the cryptocurrency market. The sell off reduces the automaker’s exposure to volatility risk associated with bitcoin,...
After multiple incidents that put lives of passengers at risk, the Federal Government’s regulator, Nigerian Civil Aviation Authority (NCAA), has suspended the license of Dana Airlines....
Investors in the Nigerian capital market lost N65.9 billion following the dip in equity capitalization by -0.23 percent on Wednesday. After eight hours of trading on...
Africa’s richest man, Aliko Dangote has raised N187.6 billion through bonds to finance operation of subsidiary companies under Dangote Industries Limited (DIL). The capital was raised...
The Nigerian national grid collapsed again on Wednesday morning, a few weeks after the Federal Government moved to address the chronic power supply problems in the...
Premium Breadmakers Association of Nigeria (PBAN), comprising owners, Managing Directors and Partners of premium bakeries in Nigeria, will be embarking on a four-day warning strike beginning...
The Central Bank of Nigeria (CBN) has issued a stern warning to Nigerians converting Naira to the US dollar. According to CBN, it would place a...
United States judge, Kathaleen McCormick, presiding over the case between Twitter and billionaire, Elon Musk, has backed the company’s request to fast-track the acquisition trail. On...
The Association of Distributors and Transporters of Petroleum Products (ADITOP) said it is facing a major challenge because the Federal Government is owing its members unpaid...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Melee Kyari, said on Tuesday the company would soon disclose its huge asset base...
The capital market nosedived by -0.02% on Tuesday, as longterm growth sentiment remain scarce on the exchange floor. Following the dip, N5.96 billion was wiped from...
The Nigeria Inter-Bank Settlement System (NIBSS) has announced that commercial banks recorded 700,000 bank accounts linked with the Biometric Verification Number (BVN) in three months of...
Some communities in Lagos are set to experience erratic power supply and total outage starting from Wednesday, July 20, 2022. The Transmission Company of Nigeria (TCN)...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted unanimously to raise the Monetary Policy Rate (MPR) to 14 percent. The...
The Central Bank of Nigeria (CBN) RT 200 programme has recorded a massive success as non-oil exporters have ramped up the repatriation of export proceeds through...
