Nigeria, Africa’s largest economy, had last year incurred an additional N14.5 trillion debt. This followed the decision of the Central Bank of Nigeria to convert the...
Businesses in Nigeria are optimistic that the nation’s economy will record improvement this month relative to November, the Central Bank of Nigeria (CBN)’s November 2020 Business...
Pharmaceutical and healthcare company, GlaxoSmithKline Consumer Nigeria Plc has reported a 2% drop in its after-tax for the year ended, 31 December 2019 despite improvement in...
A revered country like Nigeria, with citizens in numerous counts replete across the globe, should not handle the recent FBI fraud cases with cold discernment. The...
President of Dangote Industries Limited, Aliko Dangote, has disclosed plans of the company to increase cement exports to $600million. With this annual target, the company would...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) on Tuesday retained the key lending rate at record-high of 14 percent for the...
Poor monitoring, corruption, inconsistent government policies and political interference among others have been identified as some of the reasons why contract objectives are sometimes not achieved...
Nigerian equities started the second quarter on a negative note as sustained price depreciation placed the Nigerian market in the top bracket of backsliding emerging markets....
Nigerian equities ended the week with a marginal net capital loss of N25 billion as a first-day upset on Monday overwhelmed subsequent four-day consecutive recovery. Nigeria’s...
After losing N542 billion last week, Nigerian equities reopened on Monday with a net loss of N140 billion, extending the profit-taking at the stock market to...
Africa’s largest cement company and Nigerian multinational-Dangote Cement Plc on Wednesday confirmed that it has indicated interest in acquiring the entire share capital of PPC Limited-a...
It might surprise you to to know that there are actually ways to start a business with little or no money. Here are four of such...
It’s not as impossible as you might think to start a business while working a 9-5 job. There are certain ways to make it work and...
Nigerian equities reopened on Monday with a strong underlying profit-taking pressure but a counter rally within the consumer goods and industrial goods sectors staved off a...
For the fourth consecutive trading session, Nigerian equities sustained a positive outlook as investors continued bargain-hunting for stocks. Benchmark indices at the Nigerian Stock Exchange (NSE)...
With two decliners for every advancer, Nigerian equities traded largely in the negative in the immediate past week, bucking a global rally that saw equities on...
Chidi Ajaere, Chairman and Chief Executive Officer, The GIG Group was one of the famous picks on Monday when YNaija released its official list of 100...
Unless the Federal Government intervenes in good time, the power sector may finally grind to a total halt, resulting from inability of the various power generating...
What looks like s fresh faceoff has resurfaced among top government functionaries on the best approach to an earlier end to Nigeria’s recession and the role...
An international oil outfit, Baker Hughes, has noted that Nigeria has consistently shut down its offshore oil rigs from 12 to 8, recording four shutdowns between...
The American oil giant, ExxonMobil Oil Corporation has reached firm agreement to sell its majority equity stake of 60 per cent in Mobil Oil Nigeria Plc...
Nigerian equities came under intense sell-off as the stock market reopened on Monday amidst rising inflation and shrinking disposable incomes. As against the modest topsy-turvy nature...
President Muhammadu Buhari has said his administration targets putting Nigeria in the top 100 countries in the world in the ease of doing business ranking...
The suspension of nine commercial banks from participating in Nigerian foreign exchange market has resulted in investors selling off their shares in panic at reduced values...
The Central Bank of Nigeria (CBN) has readmitted United Bank for Africa (UBA) Plc into the foreign exchange (forex) market after the commercial bank hurriedly remitted...
Nigerian equities continued on the upswing with a gain of N56 billion on Monday, sustaining a rally that had seen quoted equities gaining N138 billion last...
The insistence by the Federal Government to deduct at source, about N35 billion, bailout and other loans owed by states may see some of them not...
Private transport company owners, under the aegis of Association of Private Transport Companies of Nigeria (APTCON), have called on stakeholders in the sector to tap into...
The Federal Government has conceded to calls for the country’s economy to be private-sector driven, with the setting up of a 20-member committee for concession of...
The Central Bank of Nigeria, CBN, has said that banks would be required to notify it and also offer explanations before sacking staff up to a...
In its bid to fight inflation in the country, the Central Bank of Nigeria (CBN) has gone borrowing, targeting the sum of $773.44 million through the...
The difficulty accessing funds has pushed government to explore all avenues of borrowing money to fund its budget, including the contributory pension scheme (CPS), now put...
The downtrend at the Nigerian stock market continued on a higher momentum on Wednesday as weak corporate earnings compounded the crunchy liquidity squeeze to sap away...
As part of measures to finance budget deficit, the federal government on Friday sold a total of N190 billion ($673.76 million) in treasury bills. Reuters reports...
President Muhammadu Buhari has expressed displeasure over the recent veiled devaluation of the naira by the Central Bank of Nigeria (CBN). The President, who said he...
The economic crisis in the country may be worse than most Nigerians think, as there are indications that 15 out of the 36 states in the...
Fitch Ratings has downgraded Nigeria’s long-term foreign and local currency Issuer Default Rating (IDRs) to ‘B+’ from ‘BB-‘ ratings, while long-term local currency IDR lowered to...
President Buhari, on Monday, gave accent to the suspension of tenure policy in the Federal Civil Service, a day after he resumed from official vacation during...
The Asset Management Corporation of Nigeria, AMCON, has obtained an interim injunction to seize some assets belonging to businessman, Jimoh Ibrahim over an alleged N50bn billion...
The Nigerian stock market started this week with a tinge of profit-taking as investors sought to lock in capital gains on equities that accrued in recent...
There are hopes that the price of the naira may rise further as the Central Bank of Nigeria on Monday stated its resolve to clear all...
Argentina’s star Lionel Messi on Wednesday was respectful of Venezuela, ahead of their quarter-final clash in the Copa America Centernario. After the game against Bolivia, Messi...
The body of former Super Eagles Coach, Amodu Shuaibu, was buried on Saturday amidst tears from families and friends at his residence in Okpella, Etsako -East...
Oil marketers have concluded arrangements to hike the price of Liquefied Petroleum Gas (LPG) better known as cooking gas by between 70 to 100 per cent...
The administration of President Muhammadu Buhari received a knock from the Lagos Chamber of Commerce and Industry, LCCI, as it said the nation’s economy has suffered...
President Muhammadu Buhari has said that niigeria’s economy is in a volatile situation due to the crash in oil prices. The president stated this at the...
The end may not yet be in sight in the crisis rocking the downstream subsector of the oil industry, as oil marketers, on Friday in Abuja,...
The Independent Petroleum Marketers Association (IPMAN) has made arrangement to flood the market with enough supply of premium motor spirit, Ripples has learnt. Giving this hint...
Oando Plc will this Monday delist its foreign-listed subsidiary, Oando Energy Resources (OER) Inc, after buying over shares of minority shareholders. OER is listed on the...
The Electricity Distribution Companies (Discos) have begun mass disconnection of customers indebted to them nationwide. Among those affected are government establishments, residential and commercial buildings. The...
