Nigeria may be heading for a challenging time ahead in 2024 and 2025 if the latest reports by the International Monetary Fund (IMF) is anything to...
Geregu, Buafood, Transcorp Hotel and MRS Oil top the list of stocks to watch in the new week as investors hope to move on from the...
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 Airline Operators of Nigeria (AON) have sounded the alarm on the challenges plaguing the industry, citing rising costs, shrinking passenger traffic, and difficulty accessing foreign...
After several years of dormancy, it appears the Port Harcourt refinery is set for a restart as Shell Petroleum Development Company Limited (SPDC) has disclosed that...
The Nigerian Electricity Regulatory Commission (NERC) has sanctioned 11 electricity distribution companies (DisCos) for non-compliance with capping of estimated bills for customers. The commission disclosed this...
The Nigerian stock market rebounded from the four-day consecutive losses with a N345 billion growth in shareholders’ investments at the close of trading on Friday. This...
The Nigerian foreign exchange market witnessed a boost of over $1 billion in liquidity within the past few days, the governor of the Central Bank of...
In a bid to enhance trade and streamline cargo clearance in Nigerian seaports, the Nigeria Customs Service (NCS) is prepared to execute the Time Release Study...
The Senate Committee on Banking, Insurance and Financial Institutions on Friday, held an interactive session with Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso,...
The Nigerian National Petroleum Company (NNPC) Limited and the Central Bank of Nigeria (CBN) have reviewed the framework on the planned domicile of the significant portion...
For the fourth consecutive day, the equities market closed in the negative as investors lost N480 billion following poor performances by Unity Bank, STERLINGNG, and other...
The Nigerian National Petroleum Company (NNPC) Limited has ruled out an increase in the pump prices of Premium Motor Spirit (PMS) also known as petrol. The...
The Nigerian Government has set a target of generating a staggering N9.96 trillion from Petroleum Profit Tax (PPT) collections in 2024. This is despite the inability...
For the third consecutive day, trading activities on the floors of the Nigerian capital market closed in the red as investors lost N954 million on Wednesday....
Following the delisting of several companies from the equities market, the Senate Committee on Capital Market on Wednesday resolved to increase listing of quoted companies on...
The earnings of PZ Cussons, a personal healthcare products and consumer goods company, have taken a huge dent as the company reported an operating loss of...
Poor showing by BUA Cement, STERLINGNG, UPDC and other entities pulled the Nigerian stock market down by N849 billion on Tuesday. This followed the crash in...
The Central Bank of Nigeria (CBN), Dr. Olayemi Cardoso, on Tuesday revealed measures deployed by the apex bank to address the foreign exchange crisis in the...
The Minister of Finance and Coordinating Minister of the Economy, Olawale Edun on Tuesday, February 6, 2024 lamented that Nigeria’s tax to Gross Domestic Product (GDP)...
Abbey Mortgage Plc has grown its net profit by 11.79 percent to N856.26 million in December 2023 from N766.19 million as of December 2022. The firm’s...
In a bid to reduce green house emission, the Nigerian National Petroleum Company Limited (NNPCL) in Abuja, the Nigerian Federal Capital Territory on Monday unveiled an...
First City Monument Bank (FCMB) has launched an accelerator programme to upskill and grow over one million small and medium-sized enterprises (SMEs) in Nigeria. Partnering with SkillPaddy...
All is set for the African Development Bank (AfDB) to commence the disbursement of $540 million to the first phase of states in Nigeria for the...
The Nigerian equities market began trading this week with a N436 billion loss by investors on Monday. This followed the crash in the market capitalization to...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has disclosed that forensic audit by Deloitte Management Consultant has shown that about $2.4 billion...
Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, has revealed that foreign portfolio investors (FPIs) are showing renewed interest in returning to the Nigerian...
Following a report by Ripples Nigeria of the graveyard silence by the Transmission Company of Nigeria (TCN) over the latest collapse of the national grid that...
For the second consecutive week, two cement stocks, Dangote and Bua cements made their way to the list of stocks that investors can watch out for...
Nigerians have been thrown into darkness yet again as the national grid has suffered another collapse. The news of the collapse was announced by the Abuja...
When it comes to purchasing property, one of the fundamental decisions that prospective buyers must make is whether to opt for a leasehold or full ownership...
The Federal Government on Saturday promised to implement macroeconomic reforms to stabilise the foreign exchange market. The Minister of Information and National Orientation, Mohammed Idris, gave...
In a swift response to widespread online speculation, the Central Bank of Nigeria (CBN) has vehemently denied plans to forcefully convert $30 billion from Nigeria’s domiciliary...
Driven by strong performance from Transcorp, Neimeth, and Meyer, investors in the Nigerian equities market gained N898 billion at the close of trading on Friday. This...
Nigerians may be forced to pay more for goods as the Nigerian Customs Service (NCS) has increased the exchange rate for the clearance of goods from...
The Central Bank of Nigeria (CBN) has removed the allowable limit of exchange rate quoted by the International Money Transfer Operators (IMTOs). The CBN’s Director of...
A strong performance by the Guarantee Trust Holding Company (GTCO), Caverton, NASCON and others propelled the Nigerian equities market to a positive trading day on Thursday....
The Association of Bureau De Change Operators of Nigeria (ABCON) has shot down rumors making the rounds that it has ordered the shutting down of operations...
Nigerians may soon have to pay more to enjoy additional supply of electricity supply, going by suggestions from the Minister of Power, Bayo Adelabu. Adelabu, has...
The Central Bank of Nigeria (CBN) on Wednesday issued fresh directives to commercial banks in the country to check suspected cases of excessive foreign exchange speculation...
Investors in the Nigerian equities market lost N1.07 trillion at the close of trading on Wednesday. This followed the dip in the market capitalization to N55.3...
FBN Holdings Plc, a leading financial institution in Nigeria, has appointed businessman, Mr. Femi Otedola as the new Chairman of its Board of Directors. He will...
The Senate on Wednesday summoned the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, over the plunge of the naira in the foreign exchange...
The Nigerian equities market reversed 13 consecutive days of profit-making as investors lost N856 billion at the end of trading on Tuesday. This followed the drop...
The International Monetary Fund (IMF) has lowered Nigeria’s economic growth projections for 2024 to 3.0 per cent from the 3.1 per cent it forecasted in October....
The Central Bank of Nigeria (CBN) has disclosed that all verified foreign exchange (FX) claims by airlines have been concluded with the payment of additional $64.44...
In a bid to boost power supply in Lagos State, the Nigerian Electricity Regulatory Commission (NERC) has issued two power licences to the Alaro Connect Free...
The retail price of kerosine rose to N1,362.27 per litre nationwide representing an increase of N75.17 when compared to the N1,287.10 recorded in November 2023. This...
There are indications that Dangote refinery is set to turn to the US in the forthcoming months for supply of constant crude oil for the refinery....
About one week after Maersk Edirne, the biggest vessel to berth in Nigerian ports landed at the Lekki Deep Seaport, CMA CGM Scandola, another large vessel,...