The United States debt owed to China is just below $1 trillion, as the US government’s decision to raise interest rates has caused Treasury to lose...
The Nigerian National Petroleum Company (NNPC) Limited has approved a new pump price after weeks of promises that it will retain N165. NNPC, in a notice...
Flights and banking operations across the country could be disrupted in the coming days as unions in the aviation and banking industry threaten to strike alongside...
Aero Contractors has shut down its flight operations over a challenging environment. The development came just two months after the airline denied a report by Ripples...
The Nigerian capital market opened trading this week with a 0.2 percent rise in equity capitalization on Monday. The equity capitalization rose by N60 billion from...
Oil marketers have increased the price of Premium Motor Spirit (PMS) against the warning of the Federal Government, as fuel scarcity hits retail station of Nigerian...
Investors holding Airtel Nigeria shares went home last week as one of the best gainers in the country’s stock market, after their investment grew 10% within...
Seplat, Academy Press, and Fidson are some of the stocks investors need to watch out for this week, as the capital market resumes its five days...
Access Bank Plc has declared its intention to block dollar requests for individuals without accounts in its system. In a circular sent to its customers on...
Mele Kyari, the group managing director of the Nigerian National Petroleum Company Limited (NNPC) is set to change his status as the Group Chief Executive Officer...
Thomas had inherited a house from his mother which he lived in since he got married. He had no reason to buy land, let alone build...
Investors had only three days to trade on the Nigerian Stock Exchange this week, following the Eid-El-Kabir public holiday between July 11 to 12, 2022. Within...
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 Director-General of the Industrial Training Fund (ITF), Joseph Ari, on Saturday explained why many Nigerians are still in the labour market in search of gainful...
The World Bank has listed Nigeria among the top 10 countries with the worst inflation rates in the world. In its latest report which was based...
A report by the National Bureau of Statistics (NBS) has rubbished claims made by President Muhammadu on how the policies of his administration has impacted on...
The International Monetary Fund (IMF) has hinted that it will change the institution’s global growth forecast in the wake of soaring historical inflation rate, induced by...
The Nigerian capital market halted its losses following the increase in the market share by 1.70 percent on Friday. Data obtained from the capital market revealed...
The Lagos State High Court, Ikoyi division, has ordered the payment of N18.8 billion to investors who were scammed by a couple, Bamise Ajetunmobi and Elizabeth...
The National Bureau if Statistics on Friday revealed that the nation’s headline inflation rate increased to 18.60 per cent in June, up from 17.71 per cent...
Streaming company, Netflix, and technology firm, Microsoft, have signed an agreement to offer cheaper subscription plan that comes with advert, as the movie streamer restrategises amid...
For the second consecutive day, sell-off by investors was the main activity on the trading floor of the Nigerian capital market on Thursday. The development pushed...
Bismarck Rewane, the managing director of Financial Derivatives Company has stressed for the need for the National Bureau of Statistics (NBS) to reconstruct Nigeria’s inflation calculation....
The Central Bank of Nigeria (CBN) through its Standing Lending Facility in two months, lent to commercial banks a total of N595.34 billion. The figure is...
The Chief Executive Officer of Ardova Plc, Olumide Adeosun, has said the government-regulated fuel price is not feasible, and should be reviewed to meet current realities....
Sell-off by investors was the main activity on the floor of the Nigerian capital market after the resumption of trading on Wednesday. The bourse resumed from...
Fitch, a credit rating agency as revealed that Nigerian banks can absorb up to $6 billion of credit losses without breaching minimum regulatory requirements for Capital...
MultiChoice, the parent company of subscription-based cable tv, DSTV and GOTV, has been ordered by the Court of Appeal sitting in Port Harcourt, Rivers State, to...
Foreign investors’ confidence in Seplat Energy Plc has dropped, as some exited their investment in the Nigerian oil company following a setback in the acquisition of...
Hedge fund managers are selling off oil futures amid fear that projected recession could cause demand for the commodity to drop, thereby, reducing the value in...
Angola has retained its position as the biggest oil producer in Africa for the second straight month. New data released by the Organization of the Petroleum...
Brent and the West Texas Intermediate (WTI) crude oil fell Tuesday evening, as the Organization of Petroleum Exporting Countries (OPEC) projected slow growth in demand for...
A financial service company, Kuda Microfinance Bank, on Tuesday announced charges on customer deposits across its network. In an email to its customers, the bank said...
The Association of Nigerian Licensed Customs Agents (ANLCA) has demanded the review of the age limit placed on imported vehicles in the country. In a statement...
The law firm hired by Twitter, Wachtell, Lipton, Rosen & Katz, said the acquisition process is still on, ruling out Elon Musk’s withdrawal, despite the former...
The Nigerian National Petroleum Company (NNPC) Limited has secured an injunction from the Federal High Court in Abuja restraining the sale of shares of ExxonMobil’s Nigerian...
The Federal High Court in Lagos has been asked to halt the acquisition of Union Bank of Nigeria (UBN) by Titan Trust Bank, following disagreement between...
Nigerian banks, to keep their directors, and chief executives happy, spent over N6.96 billion on sitting allowance and compensation in 2021. This is a 3.32 per...
The Manufacturers Association of Nigeria (MAN) has requested the government to review its diesel importation channel, to prevent industries from shutting down due to the soaring...
The Chief Executive Officer of Tesla, Elon Musk, has reacted to Twitter board’s threat to file out a lawsuit over the collapse of the deal between...
Countries in Europe are likely to experience an increase in their energy bills after Russia opted to cut gas supply to Germany amid a disagreement with...
Twitter share slumped on Monday following Elon Musk’s decision to terminate his offer to acquire the social media company. The billionaire cited breach of agreement as...
Nigeria’s power sector peak electricity generation continued to struggle to stay above 4000 megawatts, despite huge energy demand from Nigerians in the face of petrol scarcity...
Stocks to watch this week consist of First Bank of Nigeria Holdings (FBN Holdings), Ardova, Guaranty Trust Holding Company (GTCO) and Wema Bank. Their inclusion is...
The Central Bank of Nigeria (CBN) has issued an exposure draft for the digital financial services awareness guidelines to address gaps in consumer knowledge and practices...
The National Bureau of Statistics (NBS) has reported that capital importation declined in Q1 2022, mirroring other corresponding first quarters between 2019 and this year, with...
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...
Nigerian companies are facing a cash crunch which confirms how financially stretched Nigerians are becoming. Although they are making more sales, Nigeria’s largest listed companies have...
Investment into the Nigerian capital market took a nosedive this week, with investors trading 822.404 million shares worth N10.366 billion in 20,643 deals within five days....
Lillian just graduated from University and instead of the usual expectation of getting an office job, she decided to go into real estate from a startup...
