Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
Emirates, the Dubai-based airline, has announced that around 50% of its revenue is trapped in the country due to foreign exchange restrictions and a lack of...
Nigeria’s stock investors in February saw the value of their investment increase by N1.403 trillion despite the concerns around the elections. Data obtained from the Nigerian...
The Central Bank of Nigeria (CBN) has reported that the federal government’s fiscal deficit has increased to N746.30 billion in November 2022. This is 40.6 percent...
UAC of Nigeria PLC (UAC) has recorded N4.7 billion loss in the full year of 2022, no thanks to high operating costs. Checks on the company’s...
On the 24th of January, 2023, it was an honor for the Lagos State Government to receive the President of the Federal Republic of Nigeria, President...
Airtel Nigeria has announced the acquisition of 5G and an additional 4G spectrum from the Nigerian Communications Commission (NCC) for $316.7 million to be paid in...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
Data from the National Bureau of Statistics (NBS) has shown that in the last year (2021 to 2022), the cost of air tickets rose by 97...
Nigeria’s Securities and Exchange Commission (SEC) has sounded the alarm to Nigerians over investing in four blacklisted Italian e-Commerce platforms. In a statement issued on its...
Sterling Bank Plc has created a Made-By-Nigerians platform, a community designed to showcase the best products and services made by Nigerians, at home and abroad. The...
There’s so much wrong information out there. Beware! Don’t just believe everything. Not everything you see out there is correct. The fact is this, there are...
The Federal government of Nigeria has given full approval to a Nigerian startup airline, Rano Air, to begin operation. The special assistant to President Muhammadu Buhari...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
Real estate is an industry with diverse opportunities all over the world. People are now focused on investing in land and structures. Real estate has many...
One of the key things people majorly look out for before investing big in any business is the location. Although, not everyone gets this right. Many...
Access Holdings Plc, trading as Access Corporation, has announced the completion of its acquisition of an indirect equity stake in Sigma and the merger of its...
The Central Bank of Nigeria(CBN) in the first seven months of 2022, defended the value of the naira by selling $11.24 billion forex to Nigerians and...
Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), has projected better days ahead for Nigerians. According to him, the persistent inflation rate, which has...
The Nigeria Deposit Insurance Corporation (NDIC) has disclosed that it paid N11.83 billion to over 443,949 insured depositors and over N101.37 billion to uninsured depositors of...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
The Nigerian National Petroleum Company (NNPC) Limited has spent a total of N14.5 billion on frontier exploration services, which involves the search for hydrocarbons in inland...
Access Bank now has two substantial shareholders with 5% and above stake, as the company’s Group Managing Director, Herbert Wigwe, has acquired more shares in the...
A Nigerian indigenous carrier, Air Peace, said it has suspended flights from the country to Dubai, United Arab Emirates, as a result of the non-issuance of...
Amazon, an American multinational technology company, has announced plans to lay off as many as 10,000 of its employees. Multiple sources confirmed the development on Tuesday,...
In the last few days of last week, the recovery of the Nigerian currency, the Naira, had investors skeptical that the rally would last. On Thursday,...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
Access Bank Group Managing Director/Chief Executive Officer, Herbert Wigwe, has acquired new shares in the financial institution to expand his control over the company. In the...
“All-time highs”, that is the current user growth of Twitter since Elon Musk officially took over the reigns at the social media company after splashing $44...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
Nigeria’s vast non-oil endowment must be urgently leveraged to diversify and expand its revenue base, reduce the dependence on crude oil for foreign exchange earnings, and...
Africa is China’s largest trading partner to date. With over $254 billion worth of goods traded between both continents, GIG Logistics (GIGL), Africa’s leading technologically-driven logistics...
Martins had lived in rented apartments at different times before making up his mind to own a home. All his experiences weren’t pleasant. He had lived...
After Twitter suspended his account, United States’ rapper, Kanye West, has moved to acquire another social media platform, Parler, founded by John Matze. Parler is popular...
The South African economy has entered recession after contracting for two consecutive quarters in 2018, available data from Statistics South Africa showed on Tuesday. The rate...
Shareholders of Nipco Plc have approved guarantee for the $301 million acquisition of 60 per cent majority equity stake in Mobil Oil Nigeria by Nipco Investments...
Tension is mounting among member-countries of the Organization of Petroleum Exporting Countries (OPEC) as final preparations towards it Wednesday, November 30, 2016 meeting in Algeria reaches...
Barely 48 hours after the Central Bank of Nigeria (CBN) announced it is retaining a high interest rate regime for the country, the Finance Ministry said...
Perhaps, the Nigerian government had expected a pat on the back for its claims that it had spent about 41.1 per cent of the N6.06 trillion...
Nigeria’s Gross Domestic Product (GDP) contracted by -2.24 per cent in real terms in the third quarter of 2016, according to data just released by the...
More facts have emerged on why the expected two per cent growth in the micro, small and medium enterprises could not be achieved for 2016. An...
Nigeria’s recession may have taken its tolls on Microfinance banks (MFB) as 68 per cent of the 406 licenced MFBs in the country are now exposed...
Unable to meet its financial obligations in the Joint Ventures (JVs) with international oil companies in the country, the Federal Government has pulled out. Minister of...
There is a strong indication that offices and homes in Nigeria may suffer longer blackout periods as the 11 Distribution Companies (Discos), have again complained of...
The current economic recession has hit hard on the auto industry reducing its market share from 400,000 vehicles in 2015 to 250,000 in 2016, suffering 37.5...
If the Nigerian government is able to resolve the Niger Delta crisis, the country will enjoy at least $3 billion cash call annually from the National...
Despite assurances from the Central Bank of Nigeria (CBN) on the financial stability Heritage Bank, members of the public, and its customers in particular, have remained...
Worried by continuous rise in price of aviation fuel, a research authorized by the Europe, Middle East and Africa (EMEA) to fine tune a biologically sourced...
The National Bureau of Statistics (NBS) has just released the latest inflation rate, indicating another spike in inflation rate to 18.33 per cent, 0.48 percentage points...
Nigerian government has at last bowed to the stringent conditions handed down to it by the International Monetary Fund (IMF) before any financial assistance could be...
