The Nigerian bourse extended the previous session’s loss on Thursday, depreciating by N16.885 billion amidst negative sentiment triggered by heavy sell pressure. Thursday’s downward drift was...
Ahead of the June 21 resumption of domestic flight operations in five airports across the country, the Federal Airports Authority of Nigeria (FAAN) has met with...
Oil prices dropped by nearly 4% on Thursday over concerns about weak demand growth as coronavirus cases rise with U.S. crude inventories touching an all-time high...
Nigeria’s currency, the Naira advanced against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Wednesday, rising to...
The Nigerian National Petroleum Corporation (NNPC) has said it will end its crude sales discount regime next month. Mele Kyari, the Group Managing Director, made the...
The United Nations World Food Programme (WFP) is seeking $182 million as financial support for Nigeria’s worst hit by the coronavirus pandemic, including communities in North-East...
The Department of Petroleum Resources (DPR) has shut down a number of filling stations in the country, selling petrol above the new price band of between...
The Nigerian National Petroleum Corporation (NNPC) has revealed that a number of its partners are producing oil in Nigeria at $93 per barrel. Mele Kyari, the...
Profit-taking in a number of blue-chip equities dragged the Nigerian bourse down on Wednesday by N62.621 billion. The Industrial Index posted the biggest loss across the...
The African Development Bank (AfDB)’s Vice President for Agriculture, Human and Social Development, Dr. Jennifer Blanke, has resigned from the position. AfDB, which disclosed this in...
The House of Representatives Wednesday passed the revised 2020 Appropriation Bill, increasing the national budget from the planned N10.5 trillion to N10.8 trillion. Earlier, the executive...
The Minister of Power, Sale Mamman, has said that Nigerians currently enjoy between 18 and 24 hours of power supply every day. Mamman made the disclosure...
Oil prices fell more than 1% towards $40 per barrel on Wednesday after a report revealed a surge in United States’ oil storage, reigniting worries over...
Naira made a rally against the U.S. dollar at the parallel market segment of the foreign exchange (forex) market on Tuesday. Market data obtained from exchange...
Telecom giant, MTN Nigeria PLC Tuesday said it had completed the issuance of N100 billion Series I and II notes under the debut N100 billion Commercial...
The shareholders of Dangote Sugar Refinery PLC and Savannah Sugar Company Limited will on 9th July meet to consummate a merger deal. Dangote Sugar said in...
A total of 1.6 million farmers will receive the financial support of the Central Bank of Nigeria (CBN) in the wet planting season this year. The...
The Nigerian bourse added N44.442 billion on Tuesday on the back of strong positive sentiment from investors. The Industrial Index posted the biggest gain across the...
Nigeria and Israel are on the verge of endorsing a bilateral deal aimed at developing methanol fuel production technology in the country. The Federal Ministry of...
Oil prices strengthened on Monday, two days after world major producers consented to sustain a deal on historic production cuts to the end of July just...
The Nigerian equity market maintained its upbeat trend Tuesday even though a marginal increase was recorded, thanks largely to gains recorded by large-cap stocks including Dangote...
The House of Representatives Tuesday admonished the board of governors of Abidjan-based African Development Bank (AfDB) to disregard the request for a fresh investigation into allegations...
Oil prices edged up on Tuesday on traders’ expectation that major oil-producing economies would consent to retain their hefty production cuts to strengthen prices at an...
Indigenous firms and investors, seeking involvement in the oil and gas exploration and production business in Nigeria, are now at liberty of taking part in the...
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Monday declared a new pump price band of N121.50 to N123.50 per litre for Premium Motors Spirit also...
Nigeria’s external reserves expanded by $732.656 million or 2.1% in the one week period between 21st to 28th May 2020, data published by the Central Bank of Nigeria...
Yield on Nigerian government’s five-year bond shrank by 200 basis points or 2% on Friday with returns falling across maturities after the Central Bank of Nigeria...
Dangote Sugar Refinery Plc Friday reported it posted a slump in profit in the sum of N631.816 million between January and March this year relative to the...
Oil prices dipped for the third straight day Friday, setting in motion its first weekly loss in two fortnights and a week, as U.S. stock statistics...
The Asset Management Corporation of Nigeria (AMCON) is clamouring for a stimulus from the Nigerian government that will help the aviation sector refind financial balance and...
State-owned Nigerian National Petroleum Corporation (NNPC) aims to scale down oil production spending by as much as between 33 and 41 per cent to attain a...
Oil prices extended losses early Thursday as industry statistics from the United States, the world’s biggest oil producer and consumer, reflected a rapid and dramatic increase in...
President Muhammadu Buhari has endorsed a revamp pact with Germany’s multinational engineering firm, Siemens AG, to transform the country’s moribund power sector. Nigeria scaled the first...
The total market value of Nigerian stocks at the close of business on Wednesday was just a leap over the figure posted at the last session...
The board of the African Development Bank (AfDB) has promised to conduct an independent investigation of its chief, Akinwunmi Adesina. This came following U.S. Treasury Secretary,...
The Lagos State Internal Revenue Service (LIRS) has shifted the deadline for filing of annual tax returns in the state to 30th June, a statement from...
Total banking transactions executed during the Ramadan holiday that just went by came to 3.4 million transactions, live updates of the Nigerian Interbank Settlement System (NIBSS)...
Total generated power in the country slumped dramatically to 2,626.9MW on Monday from the 3,738MW reported the day before, signalling a 42% single-day fall, data from...
Nigeria’s Gross Domestic Product (GDP), which measures the size of the economy, grew by 1.87% in the first quarter of 2020, 0.68% lower than the rate of growth...
Revenues generated by states internally in 2019 came to N1.33 trillion, N16 billion higher than that of 2018, the statistics office said on Friday. “The 36...
The Nigerian equity market closed on an upbeat note Friday, triggered by gains in blue-chip stocks. However, a positive market breadth was recorded as 29 losers...
Oil prices weakened early Friday following China’s refusal to perfect an economic growth plan for this year, stoking fears that the impact of the coronavirus pandemic,...
Oil marketers in Nigeria are ramping up the campaign for full liberalisation of the downstream segment of the oil and gas industry as Africa’s biggest oil...
The Association of Bureaux De Change Operators of Nigeria (ABCON) Wednesday warned members and speculators in the currency market to abstain from the practice of putting...
Oil prices maintained their upward drift Thursday morning, buoyed by a reduction in U.S. crude stock and production cuts by big oil-producing nations, which helped to...
The Nigerian bourse extended its gains on Tuesday by N136.087 billion, helped by a 2.08% lift in the Banking Index to 289.69 basis points on the...
The current economic downturn in Nigeria may fester if it resolves to enforce a 417,000 barrels per day (bpd) oil output cut, in fidelity to the...
Oil prices met sour-sweet fate Tuesday morning as profit-taking caused Brent to retreat after early gain, while the West Texas Intermediate (WTI) sustained its rebound with...
Entrepreneurs in Nigeria are requesting a year tax relief to succour businesses crippled by the coronavirus outbreak, and postponement of execution of the new Value Added...
Inflationary pressure on the Naira might strengthen in the short term as the total currency in circulation enlarged from N2.29 trillion at the end of March...
