The Naira is likely to rebound from its loss this week, as the Central Bank of Nigeria (CBN) is expected to inject funds into the exchange...
A few days after a meltdown projection by global investment bank, JPMorgan Chase, Bitcoin rallied to prove the bank’s analysts wrong. Analysts at the American bank...
The market value of BOC Gases Nigeria Limited has crashed by 18.9 percent just one week after the company approved its Audited Financial Statements for the...
During the week, investors in the Nigerian stock market traded 1.021 billion shares worth N14.145 billion in 17,565 deals. This surpassed last week’s 1.006 billion shares...
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 Nigerian National Petroleum Corporation (NNPC) is set to adopt a new identity in coming months. Following the passage of the Petroleum Industry Bill (PIB) on...
Investors at the Nigerian capital market gained N160 billion gained N160 billion at the close of business on Friday. This followed a rise in market capitalisation...
The National Economic Council (NEC) on Friday approved the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). NEC approved the MTEF at its emergency...
Nigerian commercial bank, Stanbic IBTC Holding Plc, has launched a single sign-on feature on its mobile app. The launch of the feature comes as the bank...
The Federal Government of Nigeria recorded a fiscal deficit of N3.01 trillion in first five months of 2021, reflecting the country’s worsening finances. Figures obtained from...
The federal government has projected a rise to 4.2 percent of the country’s Gross Domestic Product (GDP) in 2022. The Minister of Finance, Budget, and National...
Nigeria’s foreign reserves fell by $2.3 billion in the first six months of 2021, despite an increase in oil prices, as foreign exchange pressure and subsidy...
The hype around bitcoin is dropping, and this is affecting demands and price of the most popular cryptocurrency. This was reflected in the decline of active...
The Minister of State for Petroleum Resources, Timipre Sylva, on Thursday outlined some of the benefits Nigerians should expect from the Petroleum Industry Bill (PIB). The...
The Bank of Industry (BoI) has denied granting unsecured loans, saying 93 percent of the credits issued are backed with guarantees. In a statement issued on...
The Lagos Chamber of Commerce and Industry (LCCI) on Thursday announced the appointment of Chinyere Almona as new director-general. Almona assumed office on July 1. She...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Thursday the Federal Government planned to spend N13.98 trillion in 2022. Ahmed stated this...
The Nigerian capital market slipped slightly on Thursday following a N10 billion drop in the market capitalization during trading activities at the bourse. The market capitalization...
Mariam Yalwaji Katagum, Minister of State for Industry, Trade, and Investment has disclosed that the Micro, Small, and Medium Enterprises (MSMEs) sector employs around 76 percent...
The depreciation of the Nigerian naira continued in the first half of the year, with the currency losing up to eight percent of its value on...
The Nigerian bourse continues to appreciate as investors gained over N140 billion at the end of Wednesday’s trading after the market capitalisation ended with N19.76 trillion....
Investment bank, JPMorgan Chase, have informed bitcoin investors that the most popular cryptocurrency will still crash below the $30,000 mark, and other analysts support this forecast....
The National Pension Commission (PenCom) has said it recovered N608.55m from defaulting employers who deducted their workers monthly emoluments but failed to remit to their Retirement...
Investors in the Nigerian stock market gained N30 billion on Tuesday as the bourse rebounded from the previous day’s loss. The market capitalization increased by 0.15...
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC) Mele Kyari, said the government corporation will borrow to fund its stake acquisition in Dangote Refinery....
The Nigerian naira began the week with a slight gain against the US dollar in the official currency market, but fell on the black market. According...
The Federal Government has disclosed that flights to the United Arab Emirates (UAE) are yet to resume due to the discriminatory nature of the protocol introduced...
Group Managing Director (GMD) of the Nigeria National Petroleum Corporation (NNPC) Mele Kyari, has stated that for the corporation to recover costs, Premium Motor Spirit (PMS)...
The Central Bank of Nigeria (CBN) has finalized plans to distribute another 50,000 metric tonnes of maize from the strategic maize reserve (SMR) to 12 major...
In a bid to expand its frontier beyond Nigeria, Ellah Lakes has sealed a deal with Ghanaian haulage and warehouse company, KJM Trading Limited. The company...
Investors at the Nigerian stock exchange lost N40 billion as the market capitalisation fell to N19.59 trillion at the close of business on Monday. This was...
Despite the backlash that trailed Nigeria’s consistent borrowing, the country has one of the lowest debts to Gross Domestic Product (GDP) among peers. Latest data from...
The Nigeria Deposit Insurance Corporation (NDIC) has commenced verification exercise for depositors of failed 14 banks and 22 Microfinance Banks (MFBs). This was disclosed in a...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has threaten to shutdown all filling stations and reduce supply unless the Federal Government and Inspector General of...
This week, Airtel Africa, Zenith Bank, Nestle Nigeria, and Consolidated Hallmark made the stocks-to-watch list due to their off-bourse and capital market activities which positively and...
The exchange rate of the naira to the U.S dollars closed flat at the official and unofficial market last week. According to data from FMDQ securities,...
United Kingdom has stopped operation of Binance in the country, giving the biggest cryptocurrency exchange three days to comply with its directive. Changpeng Zhao’s company had...
The Federal Government said on Sunday it has no immediate plan to ban the importation of gas cylinders as part of the Liquefied Petroleum Gas (LPG)...
Vice President Yemi Osinbajo said on Sunday the Federal Government has concluded plans to compel social media and digital firms to pay tax on profits made...
The federal government, on Sunday said gas flaring in oil communities have been reduced by 92 percent, and those complaining are only exaggerating. The Minister of...
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 Executive Director/Chief Operations Officer of Fidelity Bank, Gbolahan Joshua, has retired from his position after seven years of leading different sections of the company. In...
On Friday, Guaranty Trust Bank (GTB) standalone commercial banking structure was delisted from the Nigerian exchange daily official list. The delisting of GTB subsequently saw the...
The value of shares traded this week by investors was put at N10.330 billion as 1.006 billion shares exchanged hands between Monday to Friday in 17,165...
Investors at the Nigerian stock market lost N150billion during trading activities as the bourse slipped back to the negative zone on Friday. At the close of...
The Nigerian currency, Naira fell against the U.S dollar on the official market yesterday despite decrease in market activity. Data posted on the FMDQ Security Exchange...
Cameroon is the next stop for Nigerian billionaire, Aliko Dangote, as he furthers plan to situate a oil and gas business with the Central African country....
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, said on Thursday the Federal Government spends between N140 billion to N150 billion...
Shareholders at the Zenith Bank have lost N3.13 billion this week as investors’ interest in the lender fluctuates. Within two days, the value of Zenith Bank’s...
Nigeria’s debt stock has increased to N33.11 trillion in the last three months. The National Bureau of Statistics (NBS) disclosed this in a report titled: “Nigerian...
