Investors at the Nigerian stock market pocketed N240billion following the rise in equity capitalization by 1.10 percent on Thursday. This followed the increase in equity capitalization...
Studio Press Nigeria shareholders have unanimously resolved to delist the company from the Nigerian Stock Exchange (NSE) amid low investor interest in the firm’s stocks and...
The Central Bank of Nigeria (CBN) has provided a breakdown on the various interventions carried out to stimulate the economy. CBN revealed this in its latest...
UPDC Plc continued its poor financial run in Q3 2021 as its loss for the period rose by 22.3 percent, while profit dropped 71.9 percent during...
Nigeria’s electronic payment transactions increased by 85.52 percent year-on-year to N171.99 trillion in August 2021. This was contained in data released by the Nigeria InterBank Settlement...
The Nigerian capital market returned from the Eid-ul-Maulud holiday with a 0.25 percent rise in equity capitalization at the close of trading on Wednesday. The total...
The former chairman of First Bank, Oba Otudeko and the Group Managing Director of the bank, Urum Eke, lost a combined N608.32 million in one day...
The Cross River State branch of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated it may soon quit distributing and selling petroleum products in...
Bitcoin’s price reached $63,261 on Tuesday, the digital asset’s highest market value in five months. The price surge was influenced by increasing confidence in the most...
Meyer Plc management is having a battle keeping the company’s cost of sales in check amid declining inflation and rising dollar rate in Nigeria, as it...
The Central Bank of Nigeria (CBN) intends to ease access to the eNaira by allowing individuals without internet-enabled phones to obtain Nigeria’s digital currency when it...
The newly appointed Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NPRA) Mr Farouk Ahmed has identified poor investment in the gas...
The Nigerian capital market slipped back to the red zone on Monday following the crash in equity capitalization by 0.71 percent at the close of the...
Nigerians’ household expenditure rose to N54.84 trillion in nominal terms in the first half of this year. The National Bureau of Statistics (NBS) disclosed this in...
The Securities and Exchange Commission (SEC) has approved the Fidelity Bank’s request to raise capital from the Republic of Ireland for its operation. In a notice...
Brent crude surged above the $85 per barrel barrier on Monday morning, as expectations of a supply shortage in the coming months and travel restrictions fueled...
The currency in circulation increased by N58.36 billion in September to N2.84 trillion, up from N2.79 trillion in August. The Central Bank of Nigeria (CBN) revealed...
Insider trading and acquisition will play a role in shareholders attitude at the Nigerian stock exchange this week, as the Nigerian bourse reopens for another round...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
Positive sentiment in the Bitcoin market continued for another week as report circulated that the United States’ Securities and Exchange Commission (SEC) will most likely clear...
Investors at the Nigerian capital market gained N190 billion following the rise in the equity capitalization by 0.75 percent at the close of trading on Friday....
The volume of transactions (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market hit N4.2 billion in September. According to data...
Nigeria’s inflation rate has dropped further to 16.63 percent in September from 17.01 percent reported in August 2021. The National Bureau of Statistics (NBS) disclosed this...
Absa-OMFIF Africa Financial Markets Index 2021 (AAFMI) report has pointed at Nigeria’s foreign exchange restriction measures as an albatross to the country’s foreign investment attraction. AAFMI...
Julius Berger said on Thursday the company secretary, Cecilia Ekanem Madueke, conducted an insider trading after she sold part of her shares in the construction firm....
The Organisation of the Petroleum Exporting Countries (OPEC) said on Thursday Nigeria’s crude oil production averaged 1.451 million barrels per day in September. In its Oil...
The Nigerian capital market maintained its bullish run following a rise in equity capitalization by 0.2 percent at the close of trading on Thursday. The equity...
The Central Bank of Nigeria (CBN) has issued a warning to financial institutions (OFIs) to ensure they submit their Annual Financial Statement (AFS) in compliance with...
The equity capitalization rose by 0.4 percent at the end of trading on the floor of the Nigerian capital market on Wednesday. This followed the increase...
The Minister of State for Finance, Budget, and National Planning, Clement Agba, said on Wednesday the Federal Government would need at least N350trillion for the execution...
The Central Bank of Nigeria (CBN) has issued a guideline to Non-Interest Financial Institutions (NIFIS) on the disposal of Non-Permissible Income (NPI). NPI is any income...
The Chief Executive Officer (CEO) of American investment bank, JPMorgan, Jamie Dimon, has continued his attack on bitcoin, as he contradicted his team’s projection for the...
The Central Bank of Nigeria (CBN) has reaffirmed that financial institutions and consumers that violate Bank Verification Numbers (BVN) would face sanctions. It said this in...
The Nigerian capital market rebounded from Monday’s loss following the 0.4 percent rise in equity capitalization at the close of business today. The equity capitalization rose...
Access Bank Plc has acquired a majority stake in African Banking Corporation of Botswana Limited (‘BancABC Botswana’). In a statement signed on Tuesday by its Corporate...
Raysun Nigeria Limited has triggered a mandatory takeover of Champion Brew, as the investor is set to increase its ownership stake to 100.01 percent, a year...
The Federal Inland Revenue Service (FIRS) has detailed its mandate towards diversifying the tax and revenue sources accruable to the Federal Government. Mohammed Nami, the FIRS...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, has been told to allow the foreign exchange rate reflect the reality of the country’s...
The Nigerian stock market returned to the bearish zone on Monday following the loss of N80.43 billion at the close of the day’s business. The development...
Seven months after purchasing additional shares in Cutix Plc, Ijeoma Oduonye, the Chief Executive Officer of the company, has made some profits, Ripples Nigeria market analysis...
The bitcoin market continues to rally in October following its slip in the last two weeks of September, as the most popular cryptocurrency has surged 30.3...
Stocks to watch this week consist of MTN Nigeria, First Bank, Airtel Africa and Cornerstone Insurance. Their selection has been based on different factors that occurred...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to the...
The Nigerian stock reported investors traded 2.179 billion shares worth N21.963 billion in 22,438 deals this week. This week’s investment was above the N16.183 billion pumped...
Nigeria has refused to join other nations to sign a historical agreement on the 15 percent taxation of multinational companies. The agreement will see corporations pay...
Nigeria’s foreign reserves had increased by $1.40 billion in the last seven days, according to the Central Bank of Nigeria. The data for the last seven...
Despite accusing black-market operators of exchange rate manipulation, the Central Bank of Nigeria (CBN) has been displaying the incorrect Naira to the dollar exchange rate on...
The equity capitalization at the Nigerian capital market rose by 0.1 percent at the close of trading on Friday. Consequently, the equity capitalization increased by N20.43...
The International Monetary Fund (IMF) said on Friday inflation rate would rise higher in Nigeria and other emerging markets than in advanced economies by end of...
MTN Nigeria is going ahead to borrow almost N90 billion from the debt market to fund its domestic operations. The credit will be obtained through bond...
