The management of Neimeth is set to sell a part of the company to a private investor after receiving approval, as the pharmaceutical firm goes through...
The capital market slumped by 0.43 percent on Thursday, wiping N109.75 billion off shareholders funds in the Nigerian bourse, after eight hours of trading. The day’s...
Despite the huge debt profile being incurred by the country, the Federal Government has justified the continued borrowing, noting that it is crucial towards financing budget...
The inability of the Central Bank of Nigeria (CBN) to meet foreign exchange demands from the private sector has been blamed for the fuel scarcity Nigerians...
The Economist Intelligence Unit (EIU) has predicted slower economic growth for Nigeria in 2022 due to power issues, high inflation and monetary policies of the Central...
The Federal Competition and Consumer Protection Commission (FCCPC) has stated that it can’t decide the price MultiChoice chooses for its pay television, DSTV and GOTV, but...
Investors at the Nigerian stock market went home with a mere N3.97 billion following the rise in equity capitalisation to N25.418 trillion on Wednesday. The figure...
Bitcoin holders in Nigeria and other parts of the world made huge gains in the last three days as their investment in the crypto asset surged...
Investors are exiting their investment in Nestle Nigeria, as the capital market turns negative towards the firm, amid expectations of it’s stock price declining ahead of...
Since 2012, Aliko Dangote has been the richest person in Africa, holding on to the position for a decade and one year. While this signals growth...
The Nigerian National Petroleum Corporation (NNPC) on Tuesday announced that it had released additional 516.43 million litres of Premium Motor Spirit (PMS) popularly referred to as...
The Federation Accounts Allocation Committee (FAAC) on Tuesday shared a total sum of N695.033 billion to the three tiers of government as federation allocation for February....
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Tuesday the Dangote Fertiliser Plant would ensure self-sufficiency in the local consumption of...
Nigeria’s capital market maintained its downward trend on Tuesday as sell-off fuelled a 0.2 percent drop in shareholders’ investments at the bourse. The sell- off cost...
The Federal Government’s borrowing from the Central Bank of Nigeria has jumped to N18.1 trillion. The amount as it currently stands is a 2,701 per cent...
High inflation and currency devaluation is pushing Africans into the cryptocurrency market, as they avoid losing the value of their savings, a 2021 industry report by...
Nigeria’s crude oil grade, Bonny Light is trading at $116.1 per barrel the second most expensive in the international crude oil market. Nigeria’s crude oil price...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has blamed rising energy prices for the hike in inflation rate experienced within the...
The Central Bank of Nigeria (CBN) has resisted pressure to raise interest rates despite the fact that most of its peers in Africa have initiated moves...
Investors at the Nigerian capital lost N16.56 billion on Monday following the crash in the equity capitalisation by 0.06 percent at the close of the day’s...
While many don’t know who Satoshi Nakamoto, creator of bitcoin, is, one thing that Ripples Nigeria knows is that his networth has been plummeting, leading to...
Stocks to watch list for this week has the likes of MRS Oil, PZ Nigeria and RT Briscoe, with profit-taking threatening shareholders investment, as the capital...
The Federal government has kicked off its plans to increase Nigeria’s debt stock to N46.63tn trillion by end of 2022. Over the weekend, the Debt Management...
Investors at the Nigerian stock market splashed N20.6 billion on 2.449 billion shares in 20,764 deals last week. This, however, fell short of the N23.8 billion...
MultiChoice operation has been reviewed by the consumer right agency, Federal Competition and Consumer Protection Commission (FCCPC), following a probe into its service. FCCPC began an...
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 Central Bank of Nigeria (CBN) has disclosed that 330,128 women have been given a sum of N159.21 billion to support their household and Micro, Small...
Investors at the Nigerian stock market lost N38.02 billion following the slump in equity capitalization by 0.14 percent on Friday. As a result of the dip,...
The Central Bank of Nigeria (CBN) has received support from the Nigeria Customs Service (NCS) for its e-invoicing and e-valuation policy, which has led to protest...
Seplat Chief Executive Officer, Roger Brown, the chairman, ABC Orjiako and other investors in the company lost 6% of their investment in four days, as the...
The Nigerian capital market ended almost in a stalemate on Thursday after the bourse closed at 0.02 percent. Consequently, the shareholders total investment dropped by N1...
Nigeria’s total public debt stock rose by 22.47% in 12 months following increased borrowings by the Federal and state governments to fund budget and other governance...
Nigeria’s Premium Motor Spirit (petrol) import bill increased by over 97 per cent in 2021 as confusion remains over consumption numbers. According to the National Bureau...
Libya could become the number one oil-producing country in Africa amid Nigeria’s struggles. Data from the Organisation of Petroleum Exporting Countries (OPEC) Monthly Oil Market Report...
Amid a war with Russia, the President of Ukraine, Volodymyr Zelenskyy, has approved the use of cryptocurrency as investment and payment option in the country. The...
The Nigerian stock market reported a slight growth on Wednesday after rebounding from two consecutive trading losses. This followed the rise in equity capitalization by 0.04...
The National Bureau of Statistics (NBS) said on Wednesday the average price of Premium Motor Spirit (Petrol) in the country increased by 2.52 percent at N170.42...
Nigerian music star, David Adeleke aka Davido, has declared his intention to finance entrepreneurs and other individuals with startup ideas. Davido, who is fresh off his...
Nigerian investors, Iyinoluwa Aboyeji and Victor Asemota, have expressed concerns regarding the handling of the budding tech market in Africa by central banks in the continent,...
Shell Plc has been stopped from selling any of its assets in Nigeria as the oil company looks to diversify from oil production. The order was...
The Federal Government through its agency, Federal Competition and Consumer Protection Commission (FCCPC), has concluded moves at regulating the activities of lending apps in Nigeria. Loan...
Deposit money banks (DMBs) and processing companies in the financial industry have been given the go-ahead to establish deposit and withdrawal centres outside the banking hall...
The Minister of Finance, Budget and National Planning Zainab Ahmed, said on Tuesday the Federal Government would use $2.2 billion out of the cash raised through...
Investors at the Nigerian capital market lost N47.3 billion as the bourse’s bearish run entered the second day on Tuesday. This followed the crash in equity...
Russia is currently auctioning its crude below the market price to willing buyers as Europe and United States severe ties with Kremlin over its ongoing show...
To ensure a safer banking sector, seven Nigerian banks were forced to pay over N123.8 billion into the account of Assets Management Corporation of Nigeria (AMCON)...
Russia’s richest man, Vladimir Lisin, has fallen out of the top 50 wealthiest people in the world, and is set to be overtaken by Africa’s wealthiest...
Airline operators have hinted that they may be forced to shut down operations in the next three days due to the high cost of aviation fuel....
The Securities and Exchange Commission (SEC) has ordered the closure of three investment companies for alleged fraudulent activities. The commission in a statement issued on Monday...
Investors at the Nigerian capital market started the week with a marginal loss of N4.7 billion following the crash in equity capitalization by 0.0 percent on...
