Binance Holding Limited’s Head of Financial Crime Compliance, Tigran Gambaryan, has sued the National Security Adviser (NSA), Nuhu Ribadu, and the Economic Financial Crimes Commission (EFCC)...
The Naira appreciated against the dollar by 5.97 percent at the official market on Wednesday. Data from the FMDQ trading platform revealed that Naira appreciated by...
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed rumours about the adjustment of pump price for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel)...
The Nigerian equities market rebounded from two consecutive losses on Wednesday with investors taking home N187.24 billion at the close of the day’s trading. This followed...
The National Bureau of Statistics (NBS) revealed on Tuesday that Nigeria’s public debt stock rose to N97.3 trillion in the fourth quarter of 2023. The agency...
Investors in the Nigerian equities market lost N103 billion at the close of trading on Tuesday. This followed the crash in the market capitalization to N58.7...
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) in the country to expedite action to increase their capital base from the current...
Amid the escape of Binance Holding Limited Africa Regional Manager, Nadeem Anjarwalla from the custody of the National Security Adviser (NSA), the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN), on Tuesday after the two-day Monetary Policy Committee (MPC) meeting, again, raised its benchmark interest rate again by 200 basis...
Africa attracted $5.4 billion venture capital and debt in 2023, the recently released Venture Capital in Africa Report by AVCA – the African Private Capital Association...
The Central Bank of Nigeria (CBN) has sold $10,000 to all eligible Bureau De Change (BDC) operators in the country at the rate of N1,251/$1. In...
The Nigerian Copyright Commission (NCC) has filed criminal charges against MTN Nigeria Communications Limited and four others over alleged copyright infringement. The Chief Executive Officer of...
Investors in the Nigerian stock market lost N288.9 billion at the close of trading on Monday. This followed the crash of the market capitalization to N58.8...
JULI, NEM, INTENEGINS, JAIZBANK and others top the list of stocks to watch in the new week as investors go again in the Nigerian equities market....
Major staple food prices across Nigeria increased by double figures month-on-month, the latest food price watch by the National Bureau of Statistics (NBS) has shown. 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 National Bureau of Statistics (NBS) says Nigerians paid 19.75 per cent more for cooking gas in February 2024 than what they paid for the product...
Fresh data by the Debt Management Office (DMO) on Friday in Abuja showed that Nigeria’s public debt stock rose by N9.43tr in three months to hit...
All over the world, investment is not easy. As lucrative as real estate is, it takes a lot of financing. Now, after investing financial resources heavily,...
The federal government has approved the suspension of the 25 percent penalty previously imposed in addition to import duty on improperly imported vehicles by the Nigeria...
Investors in the Nigerian equities market closed the week on a high with a profit of N146.95 billion as stocks like NSLTECH, JULI, DAARCOMM, NEM thrived...
The claims by the Central Bank of Nigeria (CBN) that it has successfully cleared all outstanding foreign exchange (FX) backlogs have been disputed by foreign airlines...
The Board of First Bank Nigeria, FBN Holdings Plc has appointed Femi Otedola, as it announced the appointment of five new directors. The Company disclosed this...
Bearish sentiment continued on the floor of the Nigerian Xchange as the equities market suffered third consecutive day of losses as investors shed N167bn. This is...
The Central Bank of Nigeria (CBN) has announced that all valid foreign exchange backlogs of $7 billion have now been settled3,The Central Bank of Nigeria (CBN)...
Nigeria Deposit Money Bank, Access Bank is set to acquire the National Bank of Kenya from the KCB Group, making it its second acquisition of a...
The plan by the British majority owner of consumer goods company PZ Cussons Nigeria to fully acquire the organisation and take it private has suffered another...
The Senate Ad-hoc Committee has concluded plans to summon the current Central Bank of Nigeria, Olayemi Cardoso over 13 infractions noted in the N30tn Ways and...
For the second consecutive day, trading activities in the Nigerian Equities Market closed negative as investors lost N62.21 billion at the end of trading. This is...
Dr Adaora Umeoji has been appointed as the first female Group Managing Director of Zenith Bank Plc, effective June 1, 2024. This was disclosed in a...
The Board of Transcorp Hotels Plc has appointed the Accountant-General of the Federation, Dr Oluwatoyin Madein as a Non-Executive Director. This was contained in the company’s...
International Breweries Plc will at an Extra-ordinary General Meeting (“EGM”) to take place on April 9, 2024 seek shareholders’ approval to convert an intercompany loan of...
In a development not witnessed in many years, Nestlé Nigeria Plc’s s capital base took a huge dent occasioned by whopping net foreign exchange (FX) losses...
The total value of Nigeria’s imports rose to N35.9tn in 2023, up from N25.5tn in 2022 representing an increase of N10.4tr. This increase was brought about...
Investors in the Nigerian equities market got the week off on a losing note as they recorded a loss of N238bn following poor performances by stocks...
The eleven Electricity Distribution Companies (DisCos) in Nigeria obtained a combined N273.34 billion loan from the Central Bank of Nigeria to purchase 414,000 meters and enhance...
Following the alleged illicit transaction totalling about $21bn by Binance Holdings Limited, Justice Emeka Nwite of the Federal High Court, Abuja has ordered the cryptocurrency exchange...
With the local bourse in full swing of bull dominance by gaining in all the trading sessions of the previous week, investors must be in a...
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...
Stocks like JULIUS BERGER, GTCO, FBNH, MTNN, FLOURMILL boosted the equities market as investors made a profit of N581bn at the end of trading on Friday,...
Nigeria’s headline inflation has moved up to 31.70 percent in February up from 29.90% in January 2024, latest data released by the National Bureau of Statistics...
The Central Bank of Nigeria (CBN) has clamped down on how banks can utilize foreign exchange (FX) revaluation gains. In a recent directive, the CBN emphasized...
The equities market continued its bullish streak on Thursday March 14, 2024 as investors gained N27bn following strong performances by stocks like ROYALEX, UNILEVER, TANTALIZER, UPDC...
Amid ongoing face-off with the Nigerian government, Binance, one of the world’s biggest cryptocurrency exchanges has disclosed that the Nigerian market is yet to become one...
The combination of Value Added Tax (VAT) and Company Income Tax (CIT) fetched Nigeria N2.33tr in revenue in the fourth quarter of 2024, fresh data from...
In a bid to fight against the food insecurity in the country and cushion the effect of rising prices of food in the country, the Central...
The Nigerian Civil Aviation Authority (NCAA) on Wednesday, issued a stern warning to private jet owners using their aircraft for commercial purposes without proper authorization. Owners...
The Director-General of the World Trade Organisation (WTO) Ngozi Okonjo-Iweala has lamented that despite the vast opportunities that abound, Africa’s share of global trade has remained...
For the second consecutive month, Nigeria failed to meet its monthly crude production quota of 1.5mbpd as stipulated by the Organisation of Petroleum Exporting Countries (OPEC)...
Investors in the Nigerian equities market enjoyed the third consecutive day of profit as they raked in a profit of N273bn at the end of trading...