Nigerians are pessimistic that the country’s galloping inflation rate would hamper the economy further in the next twelve months, data obtained from the Central Bank of...
The Nigerian stock market depreciated by N15.522 billion this week, bringing the total loss so far this year to N288.951 billion, having opened in January with a market...
The National Bureau of Statistics (NBS) said on Friday the total public debt portfolio of the Federal and State governments stood at N28.63 trillion as at...
The Nigerian bourse made a return to winning ways on Friday as buy pressure in stocks like MTNN, Vitafoam and International Breweries improved market value by...
The Federal Government on Friday proposed a total expenditure of N11.86 trillion for the 2021 budget. President Muhammadu Buhari had earlier on Friday signed the revised...
The Minister of State for Petroleum Resources, Timipre Sylva Thursday, said the Nigerian government never at any time made a promise to keep the pump price...
Electronic settlements conducted via the Nigeria Inter Bank Settlement Scheme Instant Payment (NIP) platform and Point of Sales (POS) terminals January through May 2020 climbed N3.63...
Access Bank Plc will buy a hundred per cent stake in Lusaka-based Cavmont Bank in an effort to broaden its market in Southern Africa and consolidate the business...
The Nigerian Government Wednesday said it had signed a deal with Sealink Promotional Company Limited for transportation of solid minerals on waterways through the jetty landing...
Nigeria’s total circulated currency contracted by 2.6 per cent or N60billion to N2.29 trillion in June from N2.35 trillion the month before, the latest data from...
The Nigerian equity market posted moderate gain Wednesday, buoyed by buy pressure on the stocks of Julius Berger, GTB and WAPCO. Yet, the cumulative gain the...
The penalty and interest waiver window on tax debts, owed by businesses and persons, earlier due on 30th June would now run out by 31st August,...
Oil prices weakened further on Wednesday as industry figures demonstrating an upswing in United States’ crude inventory and a projection saying U.S. oil output could fall...
Naira fell 5.5% on Tuesday against the United States’ dollar on the official market, four days after the Central Bank of Nigeria weakened it by selling...
The House of Representatives Tuesday said it would pursue an inquiry into the reported illegal withdrawals coming to $1.05 billion by Nigerian National Petroleum Corporation (NNPC)...
The Nigerian bourse closed Tuesday trade on a positive note even though a cumulative gain of N37.263 billion was largely inadequate to reverse the losses of...
Nigeria and other African countries are set for a partial economic rebound from the coronavirus crisis in 2021, even though it will come at a cost...
The Director of the Department of Petroleum Resources (DPR), Auwalu Sarki, said on Tuesday over 600 companies had applied to be prequalified for the ongoing bid...
Oil prices dropped on Tuesday over worries that a new coronavirus wave, notably in the United States, would hurt fuel demand rebound. Brent crude futures fell by...
Nigeria’s headline inflation, sometimes called the Consumer Price Index, which measures the rate of price shift in an assortment of food items and other household essentials,...
Radio and television stations with outstanding renewal and licensing fees will have 60 per cent of their debt written off by the Nigerian government provided they...
The Nigerian bourse fell N161.746 billion lower on Monday as sell demand in Industrial stocks outweighed investors’ buy orders and negative sentiment remained rife in a...
The Central Bank of Nigeria (CBN) amassed N122 billion from lenders in a move to tighten money supply in its latest round of mopping up excess...
The market was largely bearish last week, posting losses on Tuesday, Thursday and Friday. We have selected a group of stocks you should watch out for...
Mustafa Chike Obi, who was the pioneer Chief Executive Officer (CEO) of Asset Management Company of Nigeria (AMCON), is now the Chairman of Fidelity Bank PLC....
Oil prices saw mixed fortunes on Monday as Brent crude advanced further, on the back of measured supplies while its counterpart U.S. benchmark, West Texas Intermediate...
State-owned Nigerian National Petroleum Corporation (NNPC) Sunday announced new appointments and redeployments across its leadership, four days after its immediate-past Chief Operating Officer (COO), Roland Ewubare,...
Mr Roland Ewubare, the Chief Operating Officer, Joint Ventures and Business Development, Nigerian National Petroleum Corporation (NNPC) has resigned from the national oil company. Although, the...
Shell and Eni knew that a portion of the fund used to acquire a Nigerian oilfield in 2011 would be set aside for corrupt payments to...
Higher sell pressure was evident in market activities this week with investors taking several profit-making moves that weighed on the value of stocks. The bourse recorded...
For the second straight day running, the Nigerian stock market recorded loss on Friday as the volume of equities put up for sale, particularly mid-cap stocks,...
Pan Ocean Oil Corporation Limited, whose entire assets have been confiscated amidst a stormy dispute over a N240 billion accumulated debt, has condemned the Asset Management...
Nigeria’s monumental debt burden hardly seems to ease, not only because the nation’s inclination to borrow for virtually every reason has risen with the passage of...
The Nigerian government committed N609.135 billion to servicing its debts in the first quarter of this year, the debt office has said. The debt status statistics released by...
Nigeria’s foreign reserves slumped from $36.57 billion to $36.2 billion in the period between 1st and 29th June, equivalent to a depletion of $373.23 million, data...
The International Air Transport Association (IATA) Thursday declared that Airlines in Nigeria suffered $2.09 billion slump in revenue in April and June as carriers in the...
The Nigerian stock market slid into loss Thursday after recording modest gain in the previous session due to profit taking actions in some mid-cap and large-cap...
Chinese-backed fintech player OPay has reportedly shut down its venture across all verticals in Nigeria, given the notorious effect of the covid-19 pandemic. The company though,...
The Nigerian National Petroleum Corporation (NNPC) might end up being the major importer of fuel in the country as petroleum products marketers in the country confront...
Oil prices climbed further on Thursday, cancelling losses recorded early in the session as a steep fall in crude stockpiles overrode fears that an upsurge in...
The African Development Bank (AfDB) said it had commissioned a body of three people to undertake an independent assessment of the report of the ethics committee...
South African petrochemical firm, Sasol, Wednesday declared its intention to sell off its indirect interest in the Escravos Gas-To-Liquids (EGTL) asset in Nigeria to Chevron. The...
U.S. International Development Finance Corporation (DFC) Wednesday announced it had committed $530 million to projects in the Nigerian financial, agriculture and health sectors as well as...
Nigerian banks face a foreign exchange funding gap that could reach up to $5 billion on account of currency shortages from dwindling oil revenue, poor remittances...
The equity market recovered on Wednesday after slipping into the negative territory at the previous session as surging interest in industrial stocks aided improvement in the...
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Wednesday announced a new price band for Premium Motor Spirit (PMS) also known as petrol. In a circular...
The quality of fuel imported into Nigeria is so dirty that it cannot be sold in countries with “higher and better-implemented standards,” a report has claimed....
Oil prices edged up on Wednesday, buoyed by higher industrial activities in China and notable reduction in U.S. oil storage, consecutively pointing to an economic rebound...
Aviation unions on Tuesday resisted the proposal by the Federal Ministry of Aviation to concession four internatiobal airports in the country namely the Murtala Muhammed International...
The Presidential Economic Advisory Council (PEAC) has urged the Nigerian government against the continued implementation of multiple exchange rates by adopting a unified currency rate regime...
