The Nigerian Communications Commission (NCC) will on Tuesday unveil a five-year (2020-2025) Strategic Management Plan (SMP) in line with the objective of creating a seamless strategy...
Last week, equity investors lost about N185.674 billion due to intense profit-taking, raising the year-to-date return of the Nigerian Stock Exchange to -7.51%. We have selected...
Oil prices weakened on Monday over worries that a record increase in coronavirus cases globally might halt a rally in fuel demand, outweighing tighter supplies from...
Power distribution companies (Discos) on Sunday blamed the outrageous import duty on meters, imposed by the Nigerian government, for the low metering of electricity users in...
The enrolment for a new set (Batch C) of N-Power beneficiaries will kick off on 26th June, the Nigerian government declared Friday. The online portal for the...
The Nigerian equity market contracted further on Friday as profit-taking especially in Dangote Cement, Okomu Oil and Guinness caused investors to lose N55.640 billion. A negative...
The Central Bank of Nigeria (CBN) has mobilised N216 billion ($598 million) from 26 banks with excess cash holdings as part of strategies to shore up...
Oil rose past $42 a barrel on Friday, increasing the gains recorded at the last session, after OPEC producers and allies agreed to meet supply cuts...
Nigeria’s total borrowing from China at the end of March stood at $3.121 billion (N1.127 trillion at N361/$), the Debt Management Office (DMO) has said. In...
The Minister of Mines and Steel Development, Olamilekan Adegbite, has said the Nigerian government has prioritised seven of the country’s strategic minerals to harness the potential...
The Central Bank of Nigeria (CBN) Thursday said it would fund the value chains of nine agricultural commodities with N432 billion during the 2020 wet planting...
The Nigerian equity market closed on a negative note on Thursday as negative sentiment caused investors to lose N20.561 billion. The market posted a negative breadth...
The International Finance Corporation (IFC), a member of the World Bank Group, Thursday announced an investment in the sum of $100 million in Zenith Bank Plc...
Oil prices edged up on Thursday after a drop in U.S. oil product stocks, paving the way for further rises ahead of a meeting between the...
The Lagos State Governor, Sanwo-Olu, has declared that the state is developing measures to mitigate the impact of the coronavirus pandemic on the Micro, Small and...
Naira fell 6.2% lower against the United States dollar on Wednesday at the official market as traders quoted the local currency close to the over-the-counter spot...
The volume of crude oil imported by the United States from Nigeria plummeted by 61.7% in the first quarter of this year relative to the last...
Power Distribution Companies (Discos) in the country on Wednesday affirmed they were only able to access N58 billion from the Central Bank of Nigeria’s N213 billion...
The Federal Airports Authority of Nigeria (FAAN) and 19 other industry operators have handed in their operational restart plans to the Nigerian Civil Aviation Authority (NCAA)...
The Nigerian bourse rebounded on Wednesday, appreciating by N21.88 billion gain on the back of gains posted by Nestle, Flour Mills and Cadbury. The Consumer Goods...
Nigeria’s inflation rate rose for the ninth consecutive month in May amidst increase in food and drug prices, the statistics office said on Wednesday as the...
Oil prices slumped on Wednesday as data showed a rise in U.S. crude and fuel stockpiles, raising the prospect of glut as a potential new wave...
The Nigerian government on Tuesday in Abuja inaugurated an inter-ministerial task force with the mandate to ensure full implementation of Government Integrated Financial Management Information System...
The maritime sector’s contribution to the national economy stands at N7 trillion annually, the Nigerian Shippers’ Council (NSC) has revealed. Nevertheless, the industry requires the support...
Nigeria’s foreign reserves fell by $115.26 million in the one week period between 4th and 11th June 2020, data obtained from the Central Bank of Nigeria...
Nigeria’s aviation industry has recorded losses in the region of $700 million in the past 3 months to the coronavirus crisis, Funke Adeyemi, Africa Regional Director...
Two million smallholder farmers in Nigeria are to enjoy zero-interest financing options through the Agric for Foods and Jobs Plan (AFJP) as a mitigant against the...
Negative sentiment persisted in the market on Tuesday as profit-taking in bellwethers such as Flour Mills, MTN and Ardova caused the market to shed value further....
Oil prices posted modest gains on Tuesday, reversing earlier losses as optimism regarding additional cuts in crude output dampened the fears that a resurgence of fresh...
Naira weakened against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Monday, falling to N386.50 a dollar....
The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Service (FIRS) have signed a Memorandum of Understanding (MOU) aimed at ensuring that the tax agency...
The tension between Dangote Group and BUA Group over the ownership of Obu-Okpella mining sites in Edo State heightened further on Monday as the former denied...
Nigeria needs a minimum infrastructure spending equivalent to 18 per cent of its Gross Domestic Product by 2030 in order to attain Sustainable Development Goals, the...
The Nigerian equities market extended last week’s losses on Monday as profit-taking efforts caused investors to dump large volumes of stocks for sale. The market shed...
Africa’s leading cement producer, Dangote Cement Plc, Monday listed its N100 billion Series 1 Senior Unsecured Bonds on the Nigerian Stock Exchange (NSE). Issued by the...
The Federal Airport Authority of Nigeria (FAAN) has said that passengers willing to travel on resumption of flight operations in the country must be present at...
The Nigerian National Petroleum Corporation (NNPC) has published its audited financial statements for 2018 online in an effort to enhance the openness around its operations. NNPC...
Oil prices weakened on Monday, extending the losses recorded the week before as fresh coronavirus infections hit China, United States and Japan, worsening fears that a...
France’s largest telecom operator, Orange, plans to extend its presence in Africa and will give itself a few months to make a potential move, Reuters said on...
The Lagos Chamber of Commerce and Industry (LCCI) has declared that the total credit granted to the private sector rose to N26.69 trillion in 2019, up...
Total power generation in the country dropped to 2,943.4 megawatts on Sunday from 3,585.6MW on Saturday as 10 power plants went idle, data obtained from the...
In the week that just went by, the Nigerian bourse posted gains on Monday and Tuesday, losses on Wednesday and Thursday while the market did not...
Nigeria’s West African neighbours – Togo, Benin and Niger – received a total invoice of N32.04 billion for the electricity supplied to them by the country...
The Federal Government’s third Sovereign Sukuk bond of N150 billion was oversubscribed by N519.12 billion, the Debt Management Office (DMO) has said. The debt office disclosed...
The Nigerian bourse saw limited trading sessions this week as a result of the public holiday observed on Friday in commemoration of the 2020 Democracy Day....
Oil prices dropped on Friday, extending huge losses from overnight as the coronavirus cases in the U.S. soared this week, raising fears that a new wave...
President Muhammadu Buhari has said the country’s external reserves, which expanded from $33.42 billion on 29th April 2020 to around $36 billion in May 2020, is sufficient...
The Department of Petroleum Resources (DPR) on Thursday extended the deadline to register to bid for Nigeria’s marginal oilfields by one week. The DPR had on...
The Senate President, Ahmad Lawan, said on Thursday the 9th Senate had approved foreign loans in excess of $28 billion for the Executive in the last...
The lockdown imposed by government as a measure for containing the coronavirus spread across the country impacted the demand for Premium Motor Spirit (PMS) in Nigeria,...
