The Nigerian Stock Exchange ended the week’s trading on a bright note following the rise in the market capitalisation from N20.30 trillion to N20.33 trillion at...
It has been cricket sound in the cryptocurrency space in Nigeria since the Central Bank of Nigeria (CBN) clamped down on the market in the first...
Dangote Sugar has been accused of price fixing by BUA Group. The competitors have been at loggerheads over market dominance, but the rivalry took a different...
Exchange rate of Nigeria’s currency, the Naira, on Thursday closed at N409.65k as against N411.00 it closed on Wednesday at the Investors and Exporters (I&E) forex...
Months after the Central Bank of Nigeria (CBN) banned cryptocurrency trading in the country, the Securities and Exchange Commission (SEC) has also called on the Nigerians...
The Nigerian National Petroleum Corporation (NNPC) on Thursday,revealed its plans to resume active oil exploration in the Sokoto Basin area. This was contained in a statement...
The Central Bank of Nigeria (CBN) has secured series of court orders to freeze 194 bank accounts owned by Bureaux de Change and some firms. The...
The Nigerian stock market continued its slow growth with the market capitalisation increasing from N20.28 trillion to N20.30 trillion at the close of business on Thursday....
MTN has raised N73.50 billion to finance its operation. The capital was raised through bond issuance of series III and Series IV under the commercial paper...
About $3.2 billion was paid to the Nigerian government and its agencies in 2020 by Royal Dutch Shell, the parent company of the Nigerian subsidiary Shell...
Nigeria’s currency on Wednesday weakened further by 0.12 percent following strong demand at the Investors and Exporters (I&E) forex window. After trading on Wednesday naira/dollar exchange...
Nigeria’s national oil company, the Nigerian National Petroleum Corporation (NNPC), has several subsidiaries, two partly owned subsidiaries and 16 associated companies. Among these subsidiaries are Duke...
Telecoms company, MTN Nigeria, has agreed to return to the old percentage for commission on Unstructured Supplementary Service Data (USSD) to Nigerian bank, after a meeting...
The Central Bank of Nigeria (CBN) is to freeze the bank account of Belfour Oil and Gas Limited, Kacynaus Reality Nigeria Limited and many others after...
The Nigerian Stock Exchange rebounded on Wednesday as the market capitalisation rose slightly to N20.286 trillion at the close of business. The equity capitalisation at the...
The Minister of Agriculture and Rural Development, Sabo Nanono, said on Wednesday Nigeria generated $150 million from the export of coconut oil and its derivatives in...
Last year turned out to be a disappointing period for many oil companies, and Seplat Petroleum was one of them as it also recorded significant losses....
The former Permanent Secretary in the Federal Ministries of Internal Affairs, Ajoritsedere Awosika, has acquired 7.10 million shares in Access Bank. Awosika splashed N57.9 million into...
The Lagos Chamber of Commerce and Industry (LCCI) has revealed why many graduates are unemployed. According to National Bureau of Statistics (NBS) data, the total number...
The Debt Management Office on Tuesday opened two new Federal Government of Nigeria savings bonds for subscription at N1,000 per unit. According to information obtained from...
The value of Nigeria’s currency dropped by N1.20k or or 0.29 percent on Tuesday after the Easter celebrations at the I&E window of the foreign exchange...
The Nigerian stock market returned from the Easter holiday on a negative note following the dip in the market capitalization at the close of trading on...
The International Monetary Fund (IMF) has predicted a 2.5 percent growth for the Nigerian economy in 2021. In its April World Economic Outlook released on Tuesday,...
The Nigerian National Petroleum Corporation (NNPC) has signed an Engineering, Procurement & Construction (EPC) contract with Tecnimont SpA. The deal is for the rehabilitation of Port...
The Federal government has promised to clear arrears of all pension payments to retired civil servants in the next two months. Chioma Ejikeme, Executive Secretary the...
Nigerian banks got the most from their employees in 2020, on the back of adopting new technologies. Ripples Nigeria analysis of financial statements of eight commercial...
Nigeria and many more countries are likely to receive another COVID-19 relief support as the World Bank president, David Malpass, said extension of debt service is...
The market capitalisation of cryptocurrency rose on Monday to $2 trillion as bitcoin and altcoins price continue to trade strongly. This was reported as the highest...
South Korea’s electronics giant, LG, will discontinue its smartphone business in Nigeria and other countries in the third quarter of the year. In a statement published...
At the end of the first quarter 2021, the top ten most capitalised companies on the Nigerian Stock Exchange (NSE) dipped by 6.82 percent in value,...
Kenya is the most attractive destination for Japanese firms seeking to make new investments in Africa, a survey has shown. The survey carried out by Japan...
Shoprite Holdings has finalised plans to sell its Nigerian subsidiary, Retail Supermarkets Nigeria Limited, under which Shoprite Nigeria operates. The winding up of the company’s operations...
As the Nigerian stock market continues to underperform and cost investors billions in share value, there are companies whose capital market activity and off-market decisions need...
Banks in Nigeria have reconnected mobile network giants, MTN to banking channels including the Unstructured Supplementary Service Data (USSD) and banking apps. The banks disconnected MTN...
The stock market closed for the week on Thursday due to the Easter break announced for Friday, April 2, 2021 and Monday, April 5, 2021. This...
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 World Bank has stated that Nigeria made an early exit out of recession than projected in its October 2020 forecast for Sub-Saharan Africa (SSA). This...
Despite the Central Bank of Nigeria warning to banks on staff lay-off, eight lenders in the country sacked at least 3,754 workers last year, Ripples Nigeria...
The Ghanaian cedi has emerged the best currency in Africa for the first quarter of 2021, according to data from Databank Research. Ghana ended the first...
The Shell Petroleum Development Company (SPDC) has confirmed an oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the state capital. The company’s Media Relations...
Banks in Nigeria have disconnected MTN from banking channels including Unstructured Supplementary Service Data (USSD) and banking apps due to disagreement over earnings. Customers of Guaranty...
Bitcoin’s current price valuation continues to rise strongly in the asset market as long hold investors and large holders maintain their grip on the most popular...
On Thursday, April 1, 2021, Naira closed at N485.00 to the dollar at the black market, this represents N1.00 or 0.21 percent appreciation from N486.00, the...
UAC Nigeria’s slight revenue improvement in 2020 wasn’t enough to stop the company from recording a loss in its operating profit for the same period. The...
Airtel Africa’s mobile money transfer arm, Airtel Mobile Commerce BV, has raised $100 million from payment giant, Mastercard, as the mobile payments subsidiary of Airtel Africa...
The Central Bank of Nigeria (CBN) has issued a new policy on foreign currency to the deposit money banks in the country. The Standard Chartered Bank,...
Nigeria’s external reserves dropped by $177.6 million last month, data from the Central Bank of Nigeria revealed on Thursday. The country’s external reserves dropped from $34.99...
Investors in the Nigerian stock market lost N67.17 billion as the bourse topsy-turvy runs continued on Thursday. At the close of business on Thursday, the stock...
Aliko Dangote’s networth dwindled in the first quarter of this year after his fortune dropped to $16.4 billion. The decline occurred when the founder invested heavily...
Stanbic IBTC founder, Atedo Peterside, has said the $1.5 billion President Muhammadu Buhari’s administration plans to spend on the Port Harcourt refinery should be disbursed into...