Nigerian Naira on Tuesday recorded a significant devaluation to the U.S dollar at the parallel exchange market. According to data from Abokifx, Naira closed at N486...
The Chairman of the Nigerian Economic Summit Group (NESG), Asue Ighodalo, said on Tuesday the Nigerian business environment is over-regulated by the Federal Government. Ighodalo, who...
A few days after Dangote Cement was accused of selling the commodity at higher price, the Senate on Tuesday called for the liberalization of cement policy...
The Nigerian Stock Exchange upturn in fortune continued on Tuesday after the equity capitalisation increased by N80 billion at the close of trading on the floor...
The Federal Government of Nigeria on Tuesday, said the trade volume between Nigeria and the Republic of South Korea declined by 74 per cent within a...
The international oil benchmark, Brent crude, rebounded in the early hours of Tuesday morning, hitting the $67.88 per barrel mark. This is the highest level since...
As government across the world continue to study the essence and rise of bitcoin and other cryptocurrencies, the latest country to decide on creating it’s own...
Naira started the week with a slight gain against the U.S. dollar at the investors and exporters window the official currency market. According to data posted...
On Monday, trading closed high as share value appreciated by 0.10 percent to end with 38,848.02 All Share Index, higher than last week’s 38,808.01 ASI. The...
The Nigerian National Petroleum Corporation (NNPC) says there will be no increase in pump price of petrol in the country in May. The NNPC said this...
One of Nigeria’s biggest banks, Access Bank has concluded plans to acquire a majority stake in Botswana’s African Banking Corporation as it seeks to entrench itself...
The Association of Bureaux De Change Operators of Nigeria (ABCON) on Tuesday charged the Central Bank of Nigeria (CBN) to introduce measures that would counter the...
Another week of trading starts today, with over 100 companies jostling for the attention of investors at the Nigerian Stock Exchange, while trying to hold on...
The Central Bank of Nigeria (CBN) has revealed that the Federal Government recorded a N485.51 billion fiscal deficit in January. This was revealed in its monthly...
China seems to be shifting ground on the use of bitcoin and cryptocurrency as the deputy governor of the People’s Bank of China, Li Bo, said...
The depreciation of Nigeria’s Naira has increased the nation’s external debt service in January by about N34.3 billion. According to the monthly economic report for January...
Currency in circulation continues to drop amid rising inflation in Nigeria, as the Central Bank of Nigeria (CBN) recorded a decline between January and February. January...
Nigerians are now expected to pay more for petrol after the Federal Government resolved to end fuel subsidy in a bid to secure the World Bank’s...
MTN Nigeria, Airtel and other telecommunications companies in Nigeria on Sunday accused commercial banks in the country of charging their customers for Unstructured Supplementary Service Data...
In a bid to get the World Bank approval for the $3.4 billion loan request, the Federal Government has declared its intention to end payment of...
Turkey threw a spanner in the works of bitcoin following weeks of bullish run by the most popular cryptocurrency – the surge came to an end...
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 Nigeria Interbank Settlement System (NIBSS) has revealed that the value of transactions via digital platforms in Nigeria in first quarter of 2021 increased by 12.55%...
Last week closed with Naira weaker against the U.S dollar at the Investors and Exporters (I&E) forex window, the official currency market. Naira closed on Friday...
Uber and Bolt e-cab drivers in Lagos on Saturday, asked the e-hailing companies to immediately increase fares being charged by the operators, failing which they would...
Unilever Plc recorded loss in operation during the first quarter of 2021 despite revenue rising within January and March this year. The loss was also reported...
It was mixed fortunes for Nigerian states, as 18 states out of 36 including federal capital territory recorded negative Internal Generated Revenue (IGR) in 2020. This...
The Nigerian stock market ended business on Friday with the equity capitalization standing at N20.31 trillion. The All-Share Index increased by 0.61 percent to settle at...
While no country has escaped the ravages of the recent economic crisis, the impact has been keenly felt in Nigeria. GDP has dropped by more than...
Data released by the World Trade Organisation (WTO) on Friday, has shown that Nigeria was the number one importer of commercial services in Africa, in 2020....
For many Nigerian households, the relentless rise in food prices has meant constantly having to make tough decisions monthly, Skip meals or rationalize. This feeding burden...
Tech consultant and investor, Victor Asemota, has defended bitcoin and cryptocurrency against claims made by Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN)...
The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) are in talks over cryptocurrency market in the country. The apex bank had...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, on Thursday countered the statement credited to the Minister of Finance, Budget and National Planning, Zainab...
On Wednesday, Nigerian currrency, Naira appreciated to the dollar by 0.12 percent closing at the Investors and Exporters (I&E) where forex is traded officially. According to...
For Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) and those that still doubt the credibility of bitcoin and other cryptocurrencies, Coinbase initial...
The Nigerian National Petroleum Corporation has disclosed that the consumption of Premium Motor Spirit (PMS), across Nigeria reduced by about 814 million litres within one month....
Egypt is demanding $900 million in compensation after the blockade of the Suez Canal in March, and the container ship that caused it has been seized...
Nigeria’s inflation rate rose to 18.17% in March 2021, from 17.33% recorded in the previous month. This represents the highest inflation rate recorded in four years(49...
Persianas, the owners of Palms Shopping Mall, have reportedly acquired Shoprite as the South African company continues the process to leave Nigeria. There have been talks...
The consumption expenditure of companies dropped in 2020, the National Bureau of Statistics (NBS) said on Wednesday. In a new report titled: “Gross Domestic Product: Expenditure...
The cost of preparing meals either with kerosene or cooking gas in Nigerian household increased in March, the National Bureau of Statistics (NBS) has said. In...
The National Bureau of Statistics has revealed that Lagos residents paid the highest price for Premium Motor Spirit (petrol) for March. In its report on price...
Dangote’s Group Executive Director, Strategy, Portfolio Development & Capital Projects, Devakumar Edwin, has expressed surprise that its cement products are sold at an higher price in...
The Department of Petroleum Resources has revealed that BUA group received a license renewal with 27 other investors. The agency had posted the names of the...
Cryptocurrency, Bitcoin is on a bullish run as government policies against it across the world, including Nigeria, seem unable to stop the digital asset from surpassing...
The exchange rate between Naira and the US Dollar closed at N411/1$ in the Importers and Exporters window, where forex is traded officially. According to data...
Due to economic challenges occasioned by the COVID-19 pandemic, Nigeria’s household consumption dropped by N1.6 trillion last year. The National Bureau of Statistics (NBS), which disclosed...
Stakeholders in the Africa Continental Free Trade Area (AfCFTA) have called for private sector participation and creation of compatible trade policies to ensure successful implementation of...
A fresh report of the United Nations regarding food wastage has revealed that food wastage in Nigeria per citizen is the highest in Africa. According to...
