Investors in the Nigerian stock exchange lost N19.06 billion on the second day of trading after the equity capitalisation dropped to N19.940 trillion on Tuesday. The...
The Securities and Exchange Commission (SEC) has given Custodian Investment the go ahead to trigger a mandatory takeover at UACN Property Development Company Plc (UPDC). Custodian...
The Central Bank of Nigeria (CBN) on Tuesday retained its benchmark interest rate at 11.5 percent after the two-day Monetary Policy Committee (MPC) meeting in Abuja...
The Central Bank of Nigeria (CBN) has officially added the NAFEX exchange rate on its website. The update made on Tuesday morning shows Naira is currently...
United Bank for Africa (UBA) Plc has announced the appointment of ex -Managing Director of Diamond Bank, Caroline Anyanwu as a member of its Board. A...
The International Monetary Fund (IMF) is to offer African members special drawing rights for funds, as it stated that Africa will need double of $286 billion...
The Naira opened the first trading day of the week trading lower against the U.S dollar on Monday at the parallel segment of the foreign exchange...
Investors in the Nigerian stock market lost N19.02 billion as the bearish mood entered its fifth day in the bourse on Monday. Trading ended on the...
The National Bureau of Statistics (NBS) reported on Sunday that Nigeria’s GDP increased by 0.51 percent in the first quarter of 2021. This is the second...
Last week wasn’t a good outing for shareholders of Guaranty Trust Bank at the capital market, as analysis of the lender’s trading showed that its market...
Zenith Bank, Access Bank, C&I Leasing, Eterna Oil made the stocks to watch list this week with their on and off capital market activities which made...
The Lagos Chamber of Commerce and Industry has reacted to the latest Gross Domestic Product figures released by the National Bureau of Statistics on Sunday. According...
A day after it was alleged that individuals who invested in cryptocurrency platform, DeFi100, lost $32 million worth of investment, the company admitted investors recorded losses,...
Nigeria’s leading logistics service provider, GIG Logistics (GIGL), is digging deeper into Nigeria’s northern markets in spite of what many business watchers see as an uncertain...
Nigeria’s Gross Domestic Product (GDP) increased by 0.51 percent in the first quarter of 2021, the National Bureau of Statistics (NBS) said on Sunday. In its...
The Nigerian stock exchange ended last week in a high following an increase in investment, as investors acquired 1.048 billion shares worth N11.543 billion in 17,233...
Cryptocurrency investors have reportedly been defrauded after a scam alert was published on crypto firm, DeFi100. The alleged fraud happened amid the market’s bearish run. DeFi100,...
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 African Development Bank’s Board of Directors has approved a new water policy to ensure water security in the continent. In a statement posted on its...
The naira’s value has dropped even further in both the official and parallel markets at the end of trading on Friday. At the black market, data...
The Chief Executive Officer of Zenith Bank, Ebenezer Onyeagwu, on Wednesday invested N32.2 million to acquire 1.4 million ordinary shares in the lender. He made the...
At least N2.11 billion was cleared from the Nigerian stock market valuation after the equity capitalisation dipped slightly to N19.975 trillion at the close of trading...
The Federation Accounts Allocation Committee (FAAC) has shared a total of N616.886 to the federal, states, and local councils as revenue allocation for April. The Director...
The balance in Nigeria’s excess Crude Account (ECA) is $72.41 million as of May 18, 2021, about the same as in April 2021 Despite the consistency...
The United States continues to show the Central Bank of Nigeria (CBN) how to handle cryptocurrency in a changing financial system which has for long been...
This week hasn’t been good for shareholders of Dangote Cement, as the company has been in a losing phase, while trading on the manufacturer’s stock has...
Nigeria’s currency, the Naira fell further against the dollar on Thursday as market liquidity also dropped. According to data from the FMDQ Importers and Exporters window,...
Vice President Yemi Osinbajo is expected to meet with state governors and Governor of Central Bank of Nigeria, Godwin Emefiele, in the coming days in a...
A senior economist at Tellimer Research, Patrick Curran, has described the Central Bank of Nigeria’s decision to adopt the NAFEX exchange rate as “meaningless.” In a...
Investors lost N60.96 billion following the drop in the equity capitalization on the trading floor of the Nigerian Stock Exchange on Thursday. The equity capitalisation dropped...
The Department of Petroleum Resources (DPR) on Thursday announced plans to reduce the cost of oil production in the country. The DPR Director, Sarki Auwalu, disclosed...
Guaranty Trust Bank shareholders lost N4.40 billion in three days following a crash in the company’s market value between Monday and Wednesday this week. The loss...
The National Bureau of Statistics (NBS) says the average price paid by consumers for Kerosene, Diesel, and cooking gas all increased in the month of April....
Bismarck Rewane’s investment firm, Financial Derivatives Company (FDC), has criticised the Consumer Price Index (CPI) report released by the Nigerian Bureau of Statistics (NBS). The company...
The losses recorded by Bitcoin investors seemed to have drowned investors’ confidence across the nation’s capital market as low participation and massive selloff led to the...
The fall of one of the world’s best-known cryptocurrencies, the Bitcoin, on Wednesday, sent shockwaves throughout the financial world, Nigerian investors inclusive. Over the past 24...
Over the next five years, the World Bank Group has revealed plans to invest and mobilize $150 billion to support Africa’s growth. However, a large portion...
The meltdown of bitcoin continues as the ripple effect from Elon Musk tweets keeps wrecking havoc on the cryptocurrency market value which has crashed to $751.12...
The Nigerian capital market reacted negatively to report of Access Bank acquiring a commercial bank in Mozambique, crashing the Nigerian lender’s stock value in two days....
The Chinese government has stopped financial institutions or payment companies from conducting cryptocurrency-related transactions following the recent meltdown in Bitcoin price. The government gave the directive...
The losing streak in the Nigerian stock market continued on Tuesday as equity capitalisation crashed to N20.33 trillion at the close of business on the floor...
Herbert Wigwe, the Chief Executive Officer of Access Bank, has completed another acquisition outside the shores of Nigeria after sealing the deal to takeover African Banking...
The Central Bank of Nigeria (CBN) sold the U.S dollars to foreign investors at N411.5 the closing rate of NAFEX window on Monday. According to data...
The Executive Chairman of the Federal Inland Revenue Service (FIRS), Muhammed Nami, has said Ministries, Departments, and Agencies of the Federal Government are the major guilty...
Insider dealings by UAC Nigeria’s Chief Executive Officer, Folasope Aiyesimoju, has increased investors’ interest in the company’s stock as share value increased by N0.15kobo within days...
Investors in the Nigerian stock market lost N91.43 billion following the slump in equity capitalization at the close of trading on Monday. The equity capitalization dropped...
Nigeria’s inflation rate dropped for the first time in two years to stand at 18.12 percent in April, beating analysts’ expectations. The National Bureau of Statistics...
The income tax paid by Dangote Cement Plc, almost doubled in the first quarter of 2021. According to the audited report obtained from Dangote cement website,...
Nigeria’s external reserves continued its incessant free-fall for the ninth straight day, dropping by $393.8 million. According to data obtained from the website of the Central...
Four days after Elon Musk announced that Tesla will no more accept bitcoin as payment option, other investors are still furious with the billionaire, and a...
