As Nigeria grapples with rising food prices, Aminu Goronyo the president of Nigerian Rice Farmers Association has explained why the cost of rice is skyrocketing in...
On the black market on Monday, the naira climbed against the pound and euro, while the dollar exchange rate remained unchanged from the previous trading session....
Ecobank reduced the loans granted to customers in the second quarter of this year by 2 percent as the Central Bank of Nigeria (CBN) increased its...
A Federal High Court in Abeokuta has issued an interim order barring the federal government from accessing unclaimed dividends of capital market shareholders worth more than...
Three government-owned refineries being run by The Nigerian National Petroleum Corporation (NNPC) have reported a N10.3billion loss in the first two months of 2021. According to...
Oando, Cutix, Airtel Nigeria and Total Nigeria made the stocks-to-watch list this week. Their capital market and off-market activities or decisions is expected to have a...
Despite the enthusiasm that greeted the start of the year by Nigerians, the sluggish growth of the nation’s economy has resulted in poor performance by some...
Wema Bank has appointed former Ogun State deputy governor, Olusegun Adesegun as a non-executive director amidst declining customer deposits and earnings. In a letter dated July...
The stock market recorded less investment this week compared to what was traded last week due to a two days Eid el-Kabir break between Tuesday and...
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...
An increasing number of young Nigerians are looking to leave the country in search of a brighter economic future, according to the World Bank. This was...
Trading ended in the Nigerian stock market on Friday with investors gaining over N40 billion. The market capitalisation was up by 0.20 percent after increasing from...
It was mixed outing for the Naira on Thursday against the U.S dsollars, following two-day Sallah holiday. While the Naira gained to the dollars at official...
Twitter has released details of its second quarter financial results, and it shows the social media platform’s earnings within three months rose by 74 percent. Between...
The Nigerian stock exchange resumed from the two days Sallah break on a positive note as investors gained N330 billion on Thursday. Trading ended on the...
Bitcoin recovered from its Monday slump after Elon Musk renewed the cryptocurrency market’s confidence by hinting Tesla will accept bitcoin again. During a virtual panel hosted...
Standard Alliance and Nigerian Insurers Association (NIA) are at loggerheads following the suspension of the company from the group. NIA suspended Standard Alliance, Industrial and General...
In the last one year, Nigeria has exported N132 billion worth of helicopters, according to figures obtained from the National Bureau of Statistics (NBS) foreign trade...
The Yola Electricity Distribution Company (Yola Disco) has been acquired by Quest Electricity Nigeria. The deal has a five-year period to make the local electricity firm...
The Asset Management Corporation of Nigeria (AMCON) has revealed that 350 debtors account for over N2.053 trillion, which is more than 70 percent of the total...
Blue Origin founder, Jeff Bezos, lost a whopping N492.93 billion ($1.2 billion) from his wealth on Monday, just 24 hours before he began his space expedition....
Shareholders of Union Bank engaged in a massive sell off which is the highest in the last two weeks as the lender remains for sale in...
Nigeria’s currency on Monday lost 0.31 percent to the dollar at the official market. According to data from FMDQ securities Nigerian currency exchanged at N411.67k /1$...
The Department of Petroleum Resources (DPR) on Monday hinted at the possible increase in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol...
Investors in the Nigerian stock market pocketed N2.84 billion following the rise in the equity capitalization to N19.773 trillion at the close of business on Monday....
Oando Plc has reached an agreement with the Securities and Exchange Commission (SEC) to drop all charges relating to operational breaches. Oando and SEC have been...
Nigerian Communications Commission (NCC) has denied renewing Airtel Nigeria operating licence. The Chief Executive Officer of Airtel Nigeria, Segun Ogunsanya, had claimed last week that the...
In the first six months of the year, Nigerian companies have raised a total of N233.32 billion in commercial papers. Commercial paper is a commonly used...
National Bureau of Statistics (NBS) has revealed that the average price per litre of National Household Kerosene paid by customers climbed to N370.29 in June from...
Fidelity Bank’s tax liability, to Unilever’s divestment, Royal Exchange financial failures and Dangote tax credit are on the list of things investors need to watch out...
The federal and state governments borrowed at least N107.1 billion from Nigerian banks in the first five months of this year to make up for revenue...
Nigeria’s e-commerce logistics space has witnessed another innovative stride as GIG Logistics sets the pace for a 24-hour service in Ajah area of Lagos State to...
Nigeria’s currency, the naira is beginning the new week 0.20 percent weaker than it did last week in the parallel market segment. According to statistics uploaded...
Food and beverage company, Unilever Nigeria, has concluded plans to reduce its presence in the Nigerian market. In a financial statement for H1 2021, Unilever said...
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...
Nigerian bourse recorded a reduction in investment last week as investors traded 1.008 billion shares worth N10.923 billion in 17,297 deals. This is a decline when...
The Federation Accounts Allocation Committee (FAAC) on Friday shared a total of N733.095 billion as June 2021 Federation Account Revenue to the Federal, States and Local...
The Central Bank of Nigeria has listed Bua Sugar Refining Limited, Dangote Sugar Refining Plc; and Golden Sugar Company, as the only companies allowed to import...
The Nigerian stock market recovered from the bearish situation on Friday following the increase in the equity capitalization to N19.77 trillion at the close of the...
As politicians argue over the 3 or 5 percent community allocation in the Petroleum Industry Bill (PIB) data shows that export markets for Nigeria’s crude oil...
Bitcoin transactions rose in Nigeria for the month of June when compared to the preceding month as the cryptocurrency ban by Central Bank of Nigeria (CBN)...
Nigeria’s inflation rate decreased to 17.75 percent in June, from 17.93 percent in May according to the ‘Consumer Price Index Report for June’, released by the...
It is no longer news that Nigeria intends to take additional loans in the coming years to close budget gaps. The news is that in the...
The Central Bank of Nigeria (CBN) and state governors on Thursday agreed to start deductions on the budget support facility this month. The Minister of Finance,...
At least N2.94 billion was wiped off the Nigerian stock market following the drop in the equity capitalisation to N19.72 trillion at the close of business...
On Wednesday’s official market, the naira rose slightly versus the US dollar to close at N411.22/$1. Data posted on the FMDQ Security Exchange where forex is...
The Federal Executive Council has approved the award of a contract to Dangote Industries for the construction of five roads totaling 274.9 km at the cost...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Wednesday the country imported a total volume of 20.60 billion litres of Premium Motor Spirit (PMS) also...
Trading activities closed on the floor of the Nigerian Stock Exchange (NSE) with the market capitalization standing at N19.73 trillion on Wednesday. This was N7.96 billion...
The Guaranty Trust Bank (GTBank) has appointed Mrs. Miriam Olusanya as its new Managing Director. In a notice sent to the Nigerian Exchange Group Limited (NGX)...
