Investors at the Nigerian stock market pocketed N80 billion on Thursday as the bourse recovered from two consecutive losses earlier in the week. At the end...
The Nigerian Railway Corporation (NRC) registered 424,460 passengers in the first three months of 2021. This was 299,535 lower than the 723,995 passengers who booked train...
The Federal Accounts Allocation Committee (FAAC) on Wednesday said it shared a total of N605.958 billion as May 2021 revenue to the Federal, States and Local...
Investors at the Nigerian stock market lost N20billion during trading on the floor of the bourse on Wednesday. At the close of trading, the market capitalization...
Nigeria attracted the third-best Foreign Direct Investment (FDI) inflows in Africa last year, increasing by 4 percent. In a United Nations Conference on Trade and Development...
The Nigerian National Petroleum Corporation (NNPC) says smuggling across the borders increased the daily consumption of Premium Motor Spirit (PMS) to 103 million litres per day...
Domestic and foreign debt service gulped over N1.02 trillion from the coffers of the Federal Government in the first quarter of this year, a report by...
Naira remained stable against the US Dollar at the parallel market on Tuesday to close at N500 a dollar. This was the same rate that was...
Foreign investors in the U.K have been told by the Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele, to ignore the rising foreign exchange...
Airtel Africa’s shareholders lost N282.98 billion on Tuesday as the company’s market valuation crashed at the end of trading at the Nigerian Stock Exchange (NSE). The...
Nestle S.A has continued its monthly ritual of pumping millions of naira into Nestle Nigeria. The local subsidiary has been a beneficiary of several investments from...
Investors at the Nigerian Stock Exchange (NSE) lost N360 billion on Tuesday with the market capitalisation going down by 1.86 percent. The bourse ended trading on...
The Federal government appears to be at a crossroads as Brent crude soared closer to $75 per barrel on Monday, June 21. According to data, the...
Nigeria’s currency, the naira reversed last week’s gains against the dollar, closing at N500/$1 on Monday at the parallel market. According to abokiFX data, Monday’s black...
This week, Berger Paints, UAC Nigeria, Seplat and MTN Nigeria made the stocks to watch list due to their off-bourse and capital market activities which positively...
Bitcoin investors in Nigeria and other countries across the world suffered a huge loss on Monday as the value of the most popular cryptocurrency dropped by...
Justice Taiwo Taiwo of the Federal High Court, Abuja, on Monday, ordered the Mobil Producing Nigeria Unlimited and its joint venture partner, the Nigerian National Petroleum...
Last week’s trading performance in the Nigerian stock market did little to spur investors at the opening trade for this week as market capitalisation slipped by...
Seplat Petroleum Development Company Plc, a Nigerian indigenous oil and gas firm, listed on the Nigerian Exchange (NGX), has officially adopted a new name. The Nigerian...
The 15-nation Economic Community of West African States (ECOWAS) has agreed to postpone the debut of its single currency, the “eco,” until 2027. Jean-Claude Kassi Brou,...
Trading activities on the floor of the Nigerian Stock Exchange (NSE) this week as total of 981.147 million shares valued at N10.384 billion exchanged hands in...
The Nigerian Extractive Industry Transparency Initiative (NEITI) has revealed how Nigeria lost an estimated $2.8 billion in oil revenues in 2019. This was stated in its...
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 President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, warned on Saturday that the economies of countries in Africa would continue to remain unstable...
The Nigerian Exchange Limited (NGX) has suspended trading in Guaranty Trust Bank Plc’s (GTBank) shares. The NGX stated this in a notice to investors on Friday....
President Muhammadu Buhari has urged MTN Group to lower data and call rates for Nigerians. This call was made when the group’s CEO, Mupita Ralph, and...
The Central Bank of Nigeria (CBN) will auction treasury bills worth N722.17 billion with varying tenors in the third quarter of this year. This was mentioned...
The Group President of MTN, Ralph Mupita, said on Thursday the management of the mobile network giant would sell an additional 14 percent stake in the...
UACN Property Development Company (UPDC) has advised its shareholders to seek independent professional body before accepting the offer of the core investor, Custodian investment. Custodian had...
The Nigerian stock market ended the week with a slight growth as the equity capitalisation settled at N20.14 trillion on Friday. This was a N20 billion...
In May, consumers paid more for Premium Motor Spirit (PMS), often known as petrol, National Household Kerosene, and Automotive Gas Oil (diesel). While the rates paid...
The market capitalisation of Exchange Traded Funds (ETFs) listed on Nigerian Exchange Limited, the leading market for ETFs in West Africa, rose to N20.32 billion in...
Thursday was a good day for the Nigerian currency, Naira as it appreciated against the U.S dollars in both the official and unofficial market. The biggest...
The International Monetary Fund (IMF) has issued a warning to Nigeria that the expected growth rebound in 2021 could be impeded if the country continues paying...
11 Plc has moved to acquire Capital Hotel Plc, which operates mostly in the Abuja hospitality market. The oil and gas company has received the approval...
Investors in the Nigerian stock market pocketed over N30 billion on Thursday as the bourse continued its recovery from last week’s disappointing output. At the close...
As the Central Bank of Nigeria (CBN) agreed to print the Gambia government’s currency, Dalasi, a check by Ripples Nigeria indicates that the cost of producing...
In the last three years, over N1.3 trillion was borrowed by the Federal Government to finance the operations of generation companies and gas suppliers. The loan...
Funds recovery scam is a type of scam whereby a scammer claims to help a victim to recover funds lost to fraudsters. The scammer’s target audience...
Nigeria’s currency dropped to a four-year low against the US dollar in the parallel market, widening the official and official exchange rate to N90. According to...
Tesla founder, Elon Musk, fortune dropped to $150.1 billion on Tuesday, costing the businessman his position on the world’s rich list. Musk had lost $971 million...
The Nigerian stock market rebounded on Wednesday, gaining 0.15 percent due to renewed interest in some stocks by investors. At the close of business on the...
MTN Nigeria has warned that growing insecurity might cause service disruptions in days to come. MTN reportedly disclosed this in a message to customers on Wednesday....
Enyo Retail and Supply Limited has been acquired by Ardova Plc, six months after the latter announced that it was interested in the company owned by...
The Naira on Tuesday weakened further against the dollar at the parallel market. Data from aboki FX showed the currency exchanged at N505 for a dollar...
Soft drink giant, Coca-Cola has reportedly lost about $4 billion following Portuguese superstar, Cristiano Ronaldo’s gesture towards the company’s product during a press conference at the...
Bitcoin holders have lost N1.03 trillion ($1.50 billion) just 24 hours after Tesla founder, Elon Musk’s tweet caused a surge in the value of the digital...
The Governor of Central Bank of Nigeria, Godwin Emefiele, said on Tuesday the bank is ready to assist its Gambian counterpart to print the country’s currency....
The slide in the Nigerian stock market continued on Monday as the market capitalization dropped to N20.06 trillion at the close of the day’s business. The...
Nigeria’s inflation rate dropped further for the second consecutive month to stand at 17.93% in May 2021 from 18.12% recorded in April 2021. This is contained...
