The Central Bank of Nigeria (CBN) has announced a pre-agreement with the Gambia regarding the printing the Dalasi. The Dalasi is the name of Gambia’s currency....
The World Bank has revealed that soaring inflation has driven an estimated seven million Nigerians into poverty in 2020 alone. This was contained in its development...
The price of the international crude benchmark, Brent crude, climbed to $73.17 per barrel on Monday, June 14. This is the highest level it has reached...
The International Monetary Fund (IMF) on Monday urged Nigeria and other African countries to tax the private sector more in order to grow the economy. In...
The Japanese government has pledged $39 million support to Nigeria and 31 other African and Latin American nations afflicted by COVID-19 for the construction of a...
This week, MTN Nigeria, Airtel, CWG and Cutix made the stocks to watch list due to their off-bourse and capital market activities which positively and negatively...
Nigeria’s power generation has increased by 8.46 percent to reach a peak of 4,469.80 Mega Watts on Sunday. This is according to the latest data sourced...
Jack Dorsey, the founder of Twitter, has stated that Nigeria, Africa’s most populous nation and largest economy, will be at the forefront of bitcoin, despite partial...
The cost of servicing Nigeria’s public debts has increased by 62.9 percent in the first three months of the year. A data released by the Debt...
History was made in Nigeria’s last-mile business on Friday as Africa’s fastest growing e-commerce logistics company, GIG Logistics, and JET Motor Company struck a deal to...
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...
Director-General, of the Lagos Chamber of Commerce and Industry (LCCI) Muda Yusuf, has called for a holistic approach to the power sector challenges in Nigeria, as...
Less shares were sold at the Nigerian capital market this week as the number of deals were cut down, but the value was higher compared to...
Bitcoin institutional investors have formed a cryptocurrency group, North American Bitcoin Mining Council. However, Tesla founder, Elon Musk, was not listed in the membership of the...
The Nigerian stock market ended in the red zone on Friday following the drop in the equity capitalization at the close of the day’s business on...
On Thursday, the Central Bank of Nigeria (CBN) announced that it is exploring the possibility of issuing a digital currency by the end of the year....
It was negative trading for the Nigerian naira in the official foreign currency market, as it fell further in value versus the US dollar on Thursday....
The Central Bank of Nigeria (CBN) is finalising plans to roll out its own digital currency before the end of the year. This was disclosed by...
The Nigerian stock market continued its bullish run on Thursday with the market capitalization standing at N20.43 trillion at the close of business on the floor...
The Economic Community of West African States (ECOWAS) Parliament on Thursday adopted a draft resolution on the macro-economic convergence and stability pact. The move is aimed...
President Muhammadu Buhari’s administration borrowed at least N10.1 billion every day to run the country in the last five years and eight months. Data from the...
Lawmakers in El Salvador have passed a law to increase the country’s official currency after the nation’s President, Nayib Bukele, asked that bitcoin be adopted for...
The Debt Management Office (DMO) stated on Wednesday that the country added N191 billion to its debt stock between January and March. As a result, Nigeria’s...
Niger, Togo, Benin and Burkina Faso are to purchase Nigeria’s utilized power generated by select electricity companies. According to the Chairman of the Executive Board of...
Trading ended on the floor of the Nigerian Stock Exchange (NSE) on Wednesday with the equity capitalisation standing at N20.41 trillion. This was N150 billion or...
The Federal Executive Council (FEC) on Wednesday approved the draft 2021 supplementary budget of N895 billion. The Minister of Finance, Budget and National Planning, Zainab Ahmed,...
Culled from Forbes Magazine Author: George Calhoun • “The purpose is to rein in Ma Yun,” said an adviser to China’s State Council, the country’s top...
Globacom and MTN Nigeria were the biggest losers in April, after millions of subscribers dumped their network as Nigerians searched for balance between quality and low...
On Tuesday, the South African Rand, Ghanaian Cedi, Egyptian pounds and Kenyan Shilling all climbed against the Nigerian Naira. Data from Google finance provided by Reuters...
Abubakar Malami, Attorney General of the Federation and Minister of Justice, was caught trading bitcoin, despite the clampdown on cryptocurrency trading by the Central Bank of...
The Central Bank of Nigeria (CBN) on Tuesday officially increased the exchange rate for cargo clearance from N381 per dollar to N404. 97 per dollar. The...
The Nigerian Stock market completed its recovery from last month’s dismal performance after the equity capitalization increased by N100 billion at the close of business on...
The World Bank on Tuesday raised Nigeria’s economic growth projection for 2021 to 1.8 percent, up from the previous 1.1 percent projection. The Bretton Wood institution...
The Lagos Chamber of Commerce and Industry (LCCI) has warned that the suspension of Twitter’s operations in Nigeria would cause collateral damage to the nation’s economy....
The National Petroleum Corporation (NNPC) has reportedly approached the African Export-Import Bank (Afreximbank) for financial support to acquire a stake in Dangote Refinery. NNPC is soliciting...
The Nigerian Naira began the new week in the negative zone in the foreign currency (FX) market’s Investors and Exporters (I&E) window on Monday. Data from...
Nigeria’s growing appetite for made-in-China products resulted in the country spending N2.009 trillion on imports from the Asian nation in the first three months of this...
Ecobank Transnational Incorporated liability is set to rise as the lender is looking to increase its capital flow through debt financing, which will have both negative...
Investors in the Nigerian capital market lost N20.69 billion on the opening day of trading this week after the market capitalisation slipped to N20.16 trillion on...
French government has slammed a 220 million Euros ($268 million) fine on Google for abusing its “dominant” position in online advertising. The fine comes as Google...
With the parallel market exchange rate soaring, the Central Bank of Nigeria (CBN) has announced an increase in the amount of foreign exchange supplied to banks....
This week, University Press, Vitafoam Nigeria, CWG Plc, and Royal Exchange made the stocks to watch list due to their capital market activities which positively and...
Nigeria’s total foreign trade for the first quarter (Q1) of 2021 rose to N9.75 trillion, representing a 6.99 per cent increase over the value recorded in...
Nigerian banks are now charging their customers for every transaction made through the Unstructured Supplementary Service Data (USSD) code after months of disagreements with telecommunications companies....
Every hour, the Federal government’s decision to prevent Nigerians from accessing Twitter, a microblogging social media website, is costing the country N90.7 million ($250,600). This is...
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...
Africa’s automobile space holds a lot of potentials but remains plagued by a host of challenges. For one, African countries are the leading importers of used...
On Friday, two weeks after the Central Bank on Nigeria (CBN) devaluation, the Naira completed the week above N500 on the parallel market. According to abokiFX...
The Nigerian stock market ended the week in a bullish mood after investors gained N92.70 billion on Friday. At the close of business on Friday, the...
Twitter founder, Jack Dorsey, has said he would build a hardware wallet for Bitcoin to improve security in the cryptocurrency market and expand the number of...
