Since the beginning of this month, Nigeria’s stock market has been struggling to move away from the bearish territory. Last week, investors’ participation was high, but...
The Whale moved 2, 210 Bitcoin in a block of 675, 713 units worth $125 million a few hours ago. The development is one of the...
The Federal Government has assured Nigerians the loan collected for the rehabilitation of the Port Harcourt refinery would be repaid without difficulty. The Minister of State...
It now costs about twice as much as it did in 2015 to prepare meals in Nigeria. According to the last data from National Bureau of...
Residents in Lagos State who are self-employed, employees or professionals have been asked to file their individual annual tax returns for 2021 Year of Assessment in...
Guaranty Trust Bank (GTBank) is in the process of transforming into a Holding Company, but before the end of the restructuring, GTBank’s Chief Executive Officer, Segun...
A group fighting for the independence of the Yoruba people, Oduduwa Republic, has introduced the currency for the proposed Yoruba nation. The group disclosed some images...
When news broke that the federal government had issued approval to rehabilitate the Port Harcourt refinery for $1.5 billion (about N570 billion), many Nigerians wondered to...
Founder of Stanbic IBTC, Atedo Peterside, has condemned the decision of President Muhammadu Buhari to earmark over one billion dollars for the repair of Nigeria’s dilapidated...
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 mainstream...
At the end of stock market this week, investors traded 2.342 billion shares worth N19.272 billion in 20,173 deals. This shows market participation was low when...
The Central Bank of Nigeria has increased the Targeted Credit Facility (TCF) for households and Small and Medium Enterprises (SMEs) from N150 billion to N300 billion....
Nigerians are already reeling from the effects of rising crude oil prices despite the return of subsidy as the average price of petrol increased to N166.24...
The International Energy Agency (IEA) on Friday, March 19, stated that the plans by the Federal Government to rehabilitate the refineries are unlikely to materialise. According...
Following a huge drop in foreign investment into the country in 2020, the African Development Bank (AfDB) has called for a quick and comprehensive plan to...
On Thursday, The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, disclosed that the nation’s excess crude account (ECA) balance as at March 16,...
No respite yet for Naira at the foreign exchange (FX) market, two weeks after the introduction of a new FX policy tagged “Naira 4 Dollar” scheme...
The bearish situation in Nigeria’s Stock Exchange (NSE) returned on Friday with the equity capitalisation dropping to N20.08 trillion at the close of trading in the...
The English Premier League side, Manchester City, on Friday joined the league of European football teams with investment in cryptocurrency. The Etihad side stepped off the...
Friday’s drone attack on Saudi Arabia’s oil refinery in Riyadh could lead to a sharp increase in oil prices. Although, the fire was brought under control,...
The Corporate Affairs Commission (CAC) has called on its customers with unclaimed certificates to come forward and pick them up from its courier services on or...
The Central Bank of Nigeria (CBN) has stated that the growth projection for the country’s economy remain weak. This is despite the reopening of the economy...
Nigeria’s Debt Management Office (DMO) has listed a total of N162.5 billion seven-year Ijarah Sukuk Bond Sovereign Sukuk, due to mature in 2027 on the Nigerian...
The Transmission Company of Nigeria (TCN) has stated that it has completed the construction of a new transmission tower in Ajah, Lagos state. The TCN’s General...
Guaranty Trust Bank (GTBank) has released its financial statements for the period ended December 31, 2020. The lender posted revenue growth for the period, after generating...
Nigeria’s currency on Thursday strengthened marginally by 0.02 percent at the Investors and Exporters (I&E) forex window. Naira closed with the dollar quoted at N409.67k as...
Crude oil price fell below $64 following weeks of surge in market price. The Brent crude price, which is also used as a price indicator for...
The National Economic Council (NEC) has inaugurated the sub-national Ease of Doing Business report. The inauguration was performed at the virtual NEC presided over by Vice...
The Nigerian Stock Exchange (NSE) recovered from two days consecutive losses following the rise in its equity capitalization at the close of trading on Thursday. The...
Nigerian entrepreneur and founder of So Fresh, Olagoke Balogun, has criticised the handling of local refineries within the country, stating that the Nigerian government is inadequate...
Profit of American companies in Nigeria fell by 26.5 percent in 2020 to N1.08 trillion from N1.47 trillion recorded in 2019. The figures were disclosed by...
Airtel Africa’s mobile money business has raised $200 million from The Rise Fund, as the money transfer platform eyes initial public offering within the next four...
The Naira to a US Dollar remained unchanged on the official and official market on Wednesday. Naira closed N409.75 against the dollar at the Investors &...
The House of Representatives has resolved to investigate alleged sabotage responsible for the frequent shutdown of Warri Refinery, towards addressing the problem. The resolution was a...
Nestle S.A has been busy infusing capital into Nestle Nigeria since the first week of March 2021, and the Switzerland-based company is not ready to stop...
The Central Bank of Nigeria has reportedly appointed KPMG LLP as transaction adviser for its newly set up infrastructure fund. According to a Bloomberg report, quoting...
A court in Milan, Italy, on Wednesday acquitted the Dutch oil giants, Shell, Eni and 13 defendants including past and present chief executives in the controversial...
Investors in the Nigerian Stock Exchange (NSE) lost N7.68 billion following a slight decline in equity capitalization at the close of trading on Wednesday. The market...
A large majority of employed Nigerians may retire without anything to fall back on after retirement, Ripples Nigeria reports. Analysis of data from the National Pension...
Stanbic IBTC has established an insurance subsidiary, Stanbic IBTC Insurance after the National Insurance Commission (NAICOM) issued the lender regulatory approvals and license. The insurance company...
On Tuesday, March 16, 2021, Naira depreciated against the U.S dollar at the Investors & Exporters (I&E) window of the foreign exchange market, according to data...
Two days after smashing the $60,000 mark, bitcoin’s market capitalisation has slumped to its lowest in the third week of March. The most popular cryptocurrency had...
The Central Bank of Nigeria (CBN) has stated that fiscal deficit of N1.48 trillion was recorded by the Federal Government in the fourth quarter of last...
The Federal Government has said that it would monitor the usage of the special intervention funds released to Federal medical and health institutions for the management...
The European Union (EU) has lodged a complaint at the World Trade Organisation (WTO) against Nigeria’s dairy policy. This was revealed by the Director-General, WTO, Dr...
Nigeria recorded $23.60 billion as aggregate foreign exchange inflow into the economy in the fourth quarter of 2020. This was a drop of 35 percent from...
Following a series of incidents involving Azman Air’s Boeing 737 aircraft, the Nigerian Civil Aviation Authority (NCAA) has suspended the operations of all the Boeing 737...
Investors at the Nigerian Stock Exchange gained N83.17 billion on Tuesday with the market capitalisation standing at N20.25 trillion at the end of trading. The figure...
The Central Bank of Nigeria (CBN) has introduced new charges for Unstructured Supplementary Service Data (USSD) services. The CBN made the announcement after a meeting between...
The House of Representatives has urged telecommunication operators to halt the planned withdrawal of Unstructured Supplementary Service Data (USSD) services to financial institutions in the country....