Guaranty Trust Holding Company (GTCO) investors have lost N2.94 billion as the company’s stock value dropped with just 24 hours to its complete restructuring. Ripples Nigeria...
President Muhammadu Buhari has presented to the Senate for approval a borrowing plan of N4.89 trillion to fund the N5.62 trillion budget deficit for next year,...
Investors at the Nigerian stock market lost N337.92 million on Tuesday following the drop in the market capitalization to N19,724,173,394,472 at the close of the day’s...
The Director-General of the Bureau of Public Enterprises (BPE), Alex Okoh, said on Tuesday the Federal Government would earn N5 billion annually from the planned concession...
The Federal Government has appointed four asset managers to manage Nigeria’s newly established Infrastructure Company of Nigeria Limited (Infra-Co). Infra-Co was established by the government to...
The British police on Tuesday said it seized record hauls of cryptocurrency totalling £294 million ($408 million) as part of an investigation into money laundering after...
The Board of Directors of FCMB Group Plc has announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited....
An insider dealing occurred in Nigerian Breweries in the second week of last month after Distilled Trading International B.V. acquired more shares in the company. Insider...
A major African brand operating within the mobility and logistics sector may be in advanced stages in their collaboration with a set of international partners to...
The stock market was down by 0.35 percent on Monday as the equity capitalisation crashed to N19.72 trillion at the close of business on the floor...
Royal Dutch Shell Plc has abandoned its final push to bring its legal dispute with oil communities from the United Kingdom Court to Nigeria for hearing....
GTCO, Flour Mills, BUA Cement and Airtel Nigeria made the stocks-to-watch list due to mostly activities that don’t relate to the capital market – and these...
According to the Nigerian Investment Promotion Commission (NIPC) the Nigerian economy received $8.41 billion in investment between January and March 2021. In a statement posted on...
Royal Exchange Plc has revealed that the company won’t be meeting the deadline for financial statements submission for the second quarter period of 2021. As a...
As Amazon founder, Jeff Bezos, prepares for his trip to space, more people have signed the petition against his return to the Earth. Bezos is expected...
Innoson Nigeria Limited has implored the Federal High Court, Lagos, to set aside an order granting Guaranty Trust Bank (GTB) permission to undergo restructuring to a...
The Federal Government has received applications for tax relief from 24 Nigerian businesses in the first three months of the year, with 10 rejected. The Nigerian...
Despite the Central Bank of Nigeria (CBN) injecting at least $210 million into the foreign currency market last week, the Nigerian Naira closed in the red...
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 mainstream...
The week ended with the stock market recording 1.348 billion shares as total turnover in 21,581 deals, which is worth N12.140 billion. This is below the...
Investors at the Nigerian stock market lost N250 billion at the close of the trading week on Friday. This followed the drop in the equity capitalization...
The Central of Nigeria (CBN) has released the guidelines for the operation of Payment Service Banks (PSBs) in Nigeria. In a document released by the apex...
The Chairman of BUA Cement, Abdul Samad Rabiu, has defended the high cost of Cement in Nigeria following reports that the manufacturer increased cost. Rabiu said...
On Thursday, the Nigerian currency gained against the US Dollar in the foreign currency (FX) market’s Investors and Exporters (I&E) window. Data from FMDQ securities shows...
Multichoice, South African digital television has denied the accusation from the Federal Inland Revenue Service (FIRS) that it dodged tax and had an outstanding of N1.8...
Investors lost over N30 trillion at the Nigerian stock market following the crash in equity capitalization at the close of trading on Thursday. The equity capitalization...
The Department of Petroleum Resources (DPR) has shut down 30 filling stations and eight Liquefied Petroleum Gas (LPG) outlets for various offences in Akwa Ibom. The...
The Federal Government on Thursday said airline operators in the country must refund passengers the full cost of their travel tickets after any two-hour delay. Particularly,...
The Federal Inland Revenue Service (FIRS) has disclosed that it issued a mandate to banks over the freezing of the accounts of media entertainment firm, MultiChoice Africa...
Payment company, Visa, recorded massive cryptocurrency transactions on its platform in the first half of 2021, a period bitcoin hit its biggest milestone. In the last...
Investors’ confidence haven’t been stable with Unity Bank in the last two weeks. Amid this period the Bank plans to release its financial statements for full...
The market capitalization was up by 0.2 percent at the close of business on the floor of the Nigerian capital market on Wednesday. This followed the...
Vice-president Yemi Osinbajo, says Nigeria can generate $1 billion in revenue and create 700,000 jobs from the leather industry by 2025. According to Osinbanjo, the leather...
FCMB Pensions Limited has acquired AIICO Pension Managers Limited as the FCMB Group plans to combine both businesses. The deal was, however, slashed by regulators. FCMB...
The Federal Inland Revenue Service (FIRS) has stated that it generated N650 billion as revenue in June. The Director, Communications and Liaison Department, FIRS, Mr Abdullahi...
The Lagos Chamber of Commerce and Industry (LCCI) forecasts an increase in the growth performance index in the second and third quarters of 2021. The President...
The Department of Petroleum Resources (DPR) has began to shutdown illegal gas plants and filling stations one month after the Senate ordered a clampdown. DPR conducted...
Chellarams Plc risked a N9 million fine by the Nigerian Stock Exchange (NSE) after external auditors hired by the food and beverages company failed to produce...
Nigerian stock market’s investors’ confidence is on a high following the rise in the market capitalization at the close of business on Tuesday. On the floor...
The Organisation of Petroleum Exporting Countries (OPEC) on Tuesday commended President Muhammadu Buhari and the National Assembly on the passage of the Petroleum Industry Bill (PIB)....
The Debt Management Office (DMO) on behalf of the Federal Government has announced the offer for subscription of the July 2021 FGN Savings Bond. This is...
Holders of refining licenses in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill (PIB) passed by the...
The Naira opened the first trading day of the week strong to the U.S dollar on Monday at the official foreign exchange market. Data published on...
Investors at the Nigerian stock market gained N10 billion on Monday following the increase in the market capitalization to N19.92 trillion at the close of the...
The Director-General of the Bureau of Public Enterprise (BPE), Dr. Alex Okoh, said on Monday the sale of the five National Integrated Power Plants (NIPPs) will...
Southern governors on Monday rejected the proposed 3 percent equity shares proposed for oil- bearing communities in the Petroleum Industry Bill (PIB) recently passed by the...
Over 1.27 million subscribers were lost in the month of May by MTN Nigeria, Globacom, Airtel Nigeria and 9mobile as the companies bleed amid their data...
The Federal Government has explained why the Nigerian currency was devalued again, the third time in just a year. According to Zainab Ahmed, Minister of Finance,...
This week, the underdogs: BOC Gases, Berger Paints, Ellah Lakes, and Ikeja Hotel, made the stocks-to-watch list amid their off-bourse and capital market activities which could...
The Nigerian Communications Commission (NCC) has disclosed that between January 1 and May 31, 2021, it earned over N150 billion in revenue from spectrum licensing fees....
