Elon Musk break-up tweet on Friday sent Bitcoin price crashing by 7 percent as investors jostled to protect their capital by selling off their holdings in...
The pressure on the Nigerian currency continues to mount, as it is currently one step away from entering the N500/$1 mark on the parallel market of...
Investors in the Nigerian stock market gained N34.25 billion on Thursday as the bourse continued to crawl out of last month’s consecutive losses on the trading...
Google has lifted the three-year ban on cryptocurrency adverts on its platform. While it approved adverts for cryptocurrency, Google sustained its ban on DeFi, initial coin...
The Nigerian Investment Promotion Council (NIPC) has revealed that it remitted N5.36 billion to the Consolidated Revenue Fund (CRF) in the last five years from its...
The Securities and Exchange Commission of Nigeria has ordered Crowdyvest to stop operation, labelling the investment company an unregistered entity in the investment market. SEC said...
On Wednesday the Naira gained 0.23 percent, or 94 kobo, versus the US dollar in the Investors and Exporters (I&E) window of the foreign currency market....
Investors in the Nigerian stock market gained N36billion after the bourse rebounded slowly at the end of trading on Wednesday. The market capitalization increased from N20.022...
Dangote refinery is not the only refiner the Nigerian National Petroleum Corporation (NNPC) plans to acquire a minority stake in, as its incoming rival, BUA will...
On Tuesday, the naira took a significant battering, falling to new lows against the British pound, Euro and U.S dollar in the black market. Data from...
The price of oil has hit a 30-month high following a positive demand outlook by the Organization of the Petroleum Exporting Countries (OPEC). The price of...
The acquisition of Shoprite Nigeria has finally been completed, with Ketron Investment Limited taking over the South African retail company from Retail Supermarkets Nigeria Limited. Shoprite...
Lawmakers at the upper chamber during plenary on Tuesday directed the Department of Petroleum Resources (DPR) to clamp down on illegal retailers of Liquefied Petroleum Gas...
The first trading day in June ended on a disappointing note for stockholders as they lost N12.25 billion at the close of business on Tuesday. The...
Cinema companies are gearing up to increase ticket prices across their locations in Nigeria, as they fight to remain in business and competitive after over six...
The Department of Petroleum Resources (DPR) has revealed that about 5,300 discovered oil reserves are yet to produce a single drop of crude oil. The Director/Chief...
Investors of Belt Finance, an automated market that provides decentralized finance (DeFi), lost about $6.2 million to hackers during the weekend after its Smart Chain tokens...
Bitcoin recorded its biggest monthly fall in over two years as it declined by 37.5 percent at the end of this month. The decline reflected the...
Investors in the Nigerian stock market gained N94.73 billion on Monday as the bourse continued to rally following disappointing weeks this month. Trading ended on the...
Nigeria Customs Service has so far generated N799 billion in the first five months of this year. The figure is N226.1 billion higher than the amount...
Association of Bureaux De Change Operators of Nigeria (ABCON) has blamed speculators for the sale of dollars above the Central Bank of Nigeria (CBN) approved exchange...
Nestle Nigeria, Nigerian Breweries, MTN Nigeria and Mutial Benefit made the stocks to watch list this week with their on and off capital market activities which...
Guinness Nigeria shareholders saw their rival, Guinness, gain as they lost about N1 billion during the same period. The end of trading last week showed investors...
The Asset Management Corporation of Nigeria (AMCON) has revealed its ongoing process towards the recovery of N5 trillion debt from about 3,000 debtors across the country....
The Department of Petroleum Resources (DPR) said on Sunday selected investors in the country’s 57 marginal oilfields would receive their letters on Monday. The DPR Head...
A former Deputy Governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has compared the fall of cryptocurrency in recent weeks to the crisis in...
Three foreign oil companies have expressed interest in Dangote Refinery. The Executive Director of Dangote Industries, Devakumar Edwin, who disclosed this to journalists on Sunday, said...
The federal government has warned accounting officers in charge of preparing personnel budgets in ministries, departments, and agencies to avoid shady practices or face sanctions. Mrs....
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...
Nigerian food and beverage company, Nestle Nigeria, has received N507.35 million from its parent company, Nestle S.A, following an investment transaction conducted on Nigerian bourse. The...
Nigerian banks gave out N690.5 billion loans to their customers in the first three months of the year. This increased the total loan and advances in...
The Nigerian stock market rebounded on Friday to boost shareholders’ investment with N110.69 billion after closing trading with N19.940 trillion. The bourse ended trading on Thursday...
Nigerian Breweries shareholders are popping the champagne to celebrate an impressive week that added about N20 billion to their investment in the company. The company started...
MTN Nigeria shareholders had no reason to celebrate this week as their investment in the telecommunications company went down by 3.03 percent at the close of...
The Nigerian National Petroleum Corporation (NNPC) has revealed that the amount of Premium Motor Spirit (popularly known as petrol) consumed by Nigerians increased to 1.41 billion...
The Securities and Exchange Commission (SEC) has set a deadline of June 30 as the registration deadline of all existing investment crowdfunding portals/digital commodities investment platforms....
Again, the value of the Nigerian naira tumbled to a new low on Thursday at the parallel market. The Nigerian currency declined by N2 to trade...
Investors in the Nigerian stock market lost N98.5 billion on Thursday as the market capitalisation declined to N19.829 trillion. The market capitalisation at the close of...
The Nigerian National Petroleum Corporation (NNPC) said it is in talks with Dangote Group in order to acquire a stake in the company’s refinery, which will...
The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has revealed factors contributing to high headline inflation which has increased the cost of living...
The continuous fall of the Nigerian currency, the naira reached a record low against the dollar at the parallel market on Wednesday. According to market data,...
Investors in the Nigerian stock market lost N12.02 billion on Wednesday due to the dip in market capitalization. The market capitalization dropped from N19.940 trillion to...
In February 2017, famine was declared in South Sudan and Nigeria was mentioned alongside Ethiopia, Kenya, Somalia,and Yemen as also being countries with a high risk of...
The Director of the Department of Petroleum Resources (DPR), Sarki Auwalu, said on Wednesday the agency is expecting the first crude oil production from some of...
The Nigerian National Petroleum Corp. (NNPC) has signed an agreement with its partners on OML 118, home of the Bonga field for deepwater operations. The deal...
Nigeria’s currency depreciated to a six-month low against the U.S dollars on Tuesday. According to Abokifx data, at the parallel market the unofficial forex market, Naira...
In five years, Nigeria has recovered $633.8 million, and £9.709 million in stolen funds. This disclosure was made on Tuesday by Accountant General of the Federation...
Payment System operators have received a new license requirements to operate in Nigeria. The Central Bank of Nigeria (CBN) set new eligibility criteria which includes capital...
The Central Bank of Nigeria (CBN) might lift the ban placed on cryptocurrency after the governor, Godwin Emefiele, hinted at allowing the digital currency in the...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Tuesday cryptocurrency is majorly used for illegitimate transactions. The CBN governor’ comment came three...
