The Nigerian capital market recorded a marginal loss of N1billion at the close of trading on Wednesday. This followed the drop in equity capitalization to N27.927...
Ijaw leaders have urged the Minister of Petroleum Resources to respect a substituting order of a Federal High Court sitting in Bayelsa State, on the ongoing...
The Nigerian National Petroleum Corporation (NNPC) will from Friday, July 1 become a different entity in its operation. The state-owned corporation, will no longer be simply...
The Federal Government has handed 57 oilfields to 161 local oil companies, ending a process that began since 2020. The firms were selected out of 665...
Investors in the Nigerian capital market lost N85.64 billion on Tuesday as the bourse finally ended its three-day bullish run on the trading floor. This followed...
The National Insurance Commission (NAICOM) has cancelled certificates of registration of Standard Alliance Insurance Plc, and Niger Insurance Plc. The NAICOM’s Head of Corporate Communication and...
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has threatened to shut down filling stations selling fuel above the...
Lagos has been ranked as the state with the highest number of internet data subscribers in the country. The commercial city was followed by Ogun and...
MTN Nigeria subsidiary, Momo Payment Service Bank Limited lost N22.3 billion following a security breach on the fintech’s system, which forced the company to shutdown operation...
The Nigerian capital market maintained its bullish run on Monday following the 0.49 percent rise in equity capitalisation at the close of the day’s trading. After...
South African cable tv company, MultiChoice Group, has revealed that its management is facing liquidity constraint in Nigeria, and has to retrieve the company’s funds at...
The Nigerian capital market resumes for another five days of trading this week, with Caverton, Sterling Bank and oil & gas company, Oando appearing on Ripples...
The Co-founder of GetEquity, Jude Dike, has reacted to allegations that the company was operating an illegitimate business. The company has come under public scrutiny in...
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...
Office property investment is not just an investment you can barge into without putting some factors into consideration. Things have been changing rapidly which has created...
Investors in the Nigerian stock market traded 1.121 billion shares worth N13.703 billion in 22,350 deals last week. This surpassed the 940.892 million shares valued at...
The founder of investment firm, Future Africa, Iyinoluwa Aboyeji, has disclosed his company’s willingness to invest in small businesses operating in Nigeria, in a bid to...
The Nigerian capital market maintained its bullish run on Friday with the equity capitalization rising by 0.16 percent at the close of the day’s trading. After...
The Kano state government has issued a two-week ultimatum to three commercial banks to pay their outstanding trade registration fees or face closure. The banks include...
The Federal Government has revealed that it has started the implementation of a N10 per litre sugar tax on carbonated sugar drinks and beverages which it...
The federal government and states are having a difficult time, and civil servants are already experiencing the consequences. According to data obtained from the National Pension...
Wale Tinubu and Italian investor, Gabriele Volpi have agreed to acquire shares of minority investors as they demand to exit Oando after enduring a long dispute...
The Chairman of the Nigerian Communications Commission (NCC), Umar Danbatta, said on Thursday the Fifth Generation (5G) technology would be rolled out this year. Danbatta, who...
Debtors including companies and individuals owed 12 commercial banks in the country N23.9 trillion as at the end of March last year. The banks disclosed this...
The Canadian government has announced an acute shortage of manpower and invited Nigerians and other foreign nationals to fill existing vacancies in various sectors of the...
The Nigerian capital market continued its bullish run on Thursday with investors smiling home with N130.2billion at the close of the day’s business. This followed the...
Global crude oil price went down -0.68% as Russia and European Union readjust to the restriction placed on the former. On Thursday evening, oil price depreciated...
Nigerian Pension Fund Administrators (PFAs) increased investment in the Nigerian stock market to N1 trillion in May, up from the N999 billion they closed April with....
The stock market didn’t close in favour of businessman, Abdulsamad Rabiu and his company, BUA Cement, on Wednesday, as investors opted for the shares of his...
Premium Motor Spirit (PMS), also known as petrol, would not be sold beyond N165 per litre, according to the Independent Petroleum Marketers Association of Nigeria (IPMAN)....
Over N4 billion was lost by the Eko Electricity Distribution Company (EKEDC) to vandals in six months. The company said its infrastructure had become a target...
The President of African Development Bank (AfDB), Akinwumi Adesina, said on Wednesday the multilateral lender would soon establish investment banks for young entrepreneurs on the continent....
Investors in the Nigerian capital market smiled home with N159.8billion following the rise in their investment by 0.55 percent at the close of trading on Wednesday....
As part of efforts to continually advance women entrepreneurs in Nigeria, Stanbic IBTC Holdings PLC, a member of Standard Bank Group has called on women to...
The majority shareholder of LivingTrust Mortgage Bank, Yemi Adefisan, has been busy on the exchange floor, selling off part of his shares amid the Nigerian bourse...
Ripples Nigeria quarterly ranking for best performing commercial banks operating in Nigeria is determined by the growth of the financial institutions’ Net Interest Income within three...
Oil price is currently trading bearish following a push by President Joe Biden to bring down soaring fuel costs in the United States. In the early...
Surge in demand for Tesla shares on Tuesday made the Chief Executive Officer of the company, Elon Musk, richer, while Aliko Dangote, a cement and sugar...
The Nigerian capital market rebounded from its consecutive losses on Tuesday following the rise in equity capitalization by 0.66 percent on Tuesday. Consequently, the equity capitalization...
President Muhammadu Buhari said on Tuesday the Federal Government has commenced the decentralisation of the national grid to address the challenges of power supply across the...
The board of directors of the microblogging platform, Twitter, on Tuesday unanimously approved the completion of the platform’s takeover by Tesla Founder, Elon Musk. The South-African-born...
The Bank of Industry (BOI) has made an equity investment valued at N3.5 billion in Ketron investment Limited, which acquired ShopRite stores in Nigeria. The investment...
Paxful, a cryptocurrency trading platform has reported that Nigerians were among the highest bitcoin traders in the last seven months. This is despite the Central Bank...
Timipre Sylva, Minister of State Petroleum Resources, has stated that the Federal Government could not intervene in the increasing price of diesel and aviation fuel because...
Amid fuel scarcity re-emerging in states such as Abuja, Oyo and Lagos, the Independent Petroleum Marketers Association of Nigeria (IPMAN) has lamented the displeasure of its...
Ukraine has raised another batch of funds from the cryptocurrency market, after selling the highly-valued non-fungible token (NFT) known as CryptoPunk #5364, to finance its war...
The Nigerian capital market opened the week’s trading with a loss N550.6 billion following the crash in equity capitalization by 1.97 percent on Monday. After eight...
A major investor in Caverton Offshore Group, Adeniyi Makanjuola, and his brother, Aderemi Makanjuola, have offloaded 2.76 million shares from the company amid a contractual dispute...
The World Bank has declared that the Central Bank of Nigeria (CBN) policies are undermining the business environment within the country, placing Nigeria on a fiscal...
Sterling Bank Managing Director, Abubakar Suleiman, and three other executive directors at the financial institution, Raheem Owodeyi, Tunde Adeola and Yemi Odubiyi engaged in share dealings...
