The Shell Petroleum Development Company (SPDC) has confirmed an oil spill from its facility at Agbura-Otuokpoti area of Yenagoa, the state capital. The company’s Media Relations...
Banks in Nigeria have disconnected MTN from banking channels including Unstructured Supplementary Service Data (USSD) and banking apps due to disagreement over earnings. Customers of Guaranty...
Bitcoin’s current price valuation continues to rise strongly in the asset market as long hold investors and large holders maintain their grip on the most popular...
On Thursday, April 1, 2021, Naira closed at N485.00 to the dollar at the black market, this represents N1.00 or 0.21 percent appreciation from N486.00, the...
UAC Nigeria’s slight revenue improvement in 2020 wasn’t enough to stop the company from recording a loss in its operating profit for the same period. The...
Airtel Africa’s mobile money transfer arm, Airtel Mobile Commerce BV, has raised $100 million from payment giant, Mastercard, as the mobile payments subsidiary of Airtel Africa...
The Central Bank of Nigeria (CBN) has issued a new policy on foreign currency to the deposit money banks in the country. The Standard Chartered Bank,...
Nigeria’s external reserves dropped by $177.6 million last month, data from the Central Bank of Nigeria revealed on Thursday. The country’s external reserves dropped from $34.99...
Investors in the Nigerian stock market lost N67.17 billion as the bourse topsy-turvy runs continued on Thursday. At the close of business on Thursday, the stock...
Aliko Dangote’s networth dwindled in the first quarter of this year after his fortune dropped to $16.4 billion. The decline occurred when the founder invested heavily...
Stanbic IBTC founder, Atedo Peterside, has said the $1.5 billion President Muhammadu Buhari’s administration plans to spend on the Port Harcourt refinery should be disbursed into...
The Federal Government has directed two PayTv platforms, GoTv and Startimes, to migrate their signals from self-carrying to any of the two licensed FreeTv signal distributors....
The Securities and Exchange Commission (SEC) has cautioned potential capital market investors against putting their monies in fraud schemes that promise unwarranted high returns. Mr Tunde...
The United Nation has warned that Nigeria and other African countries face severe debt crisis in the wake of the coronavirus crises. According to UN, the...
The World Bank has upgraded its outlook on Sub-Saharan Africa GDP growth in 2021 from -5.1 per cent to 3.4 per cent growth after a two...
Nigeria’s currency on Wednesday appreciated by 0.08 percent stronger than the dollar at the Investors and Exporters (I&E) forex window, despite low liquidity. This is the...
The Nigerian stock market remained in bearish zone for the second consecutive day after the equity capitalization dipped further at the close of trading on Wednesday....
Sterling Bank revenue dropped by N11.3 billion last year, the lender said on Wednesday. In its financial report for the period ended December 31, 2020, made...
The most popular cryptocurrency, bitcoin, is now sitting comfortably above gold as the most valuable asset despite lacking a global recognition as an investment vehicle to...
Starting from tomorrow, Thursday 1, April the old cheque book will no longer be accepted at the clearing house in line with the Central Bank Nigeria...
Although a slight gain, Nigerian Naira recorded 0.03 percent improvement against the U.S dollar at the Investors & Exporters window of the foreign exchange market on...
Nigeria spends at least $1.5 billion yearly (about N570 billion) importing diary products into the country. This was disclosed by the Minister of Agriculture and Rural...
Procter and Gamble is being investigated by the House of Representatives over non-payment of tax in three years. The company had defended the action with a...
Nigerian stock market slipped back to bearish territory with the market’s equity capitalisation dropping from N20.66 trillion to N20.54 trillion at the close of trading on...
United States’ Soft drink giant, Coca-Cola is reportedly planning to exit the African market which includes Nigeria. The company is considering the exit option after holding...
Cadbury Nigeria will pay less dividends for the financial period of 2020 as the company’s revenue dwindled last year. Cadbury announced its revenue fell by 10...
The month of February was terrible for Nigerian network providers, as the telecommunications industry lost 4.12 million subscribers within 28 days. From MTN Nigeria, to Airtel...
Nigeria’s currency, naira on Monday gained 0.21 percent in its value against the dollar, which closed at N409 compared to N410 it closed on Friday at...
The National Pension Commission (PENCOM) has disclosed that total pension contributions grew by N167.74 billion in the fourth quarter of 2020. The fourth quarter contribution therefore...
The Nigerian stock market opened trading this week strongly with investors gaining N145.02 billion on Monday. The equity capitalisation increased from N20.51 trillion recorded on Friday...
The National Bureau of Statistics (NBS) said on Monday Nigeria’s total public debt portfolio stood at N32.92 trillion as of December 31, last year. NBS disclosed...
President Muhammadu Buhari said on Monday, Nigeria Liquefied Petroleum Natural Gas (NLNG) Company has generated $114billion in revenues for the country in the last few years....
The Department of Petroleum Resources (DPR) said on Monday market forces would be allowed to determine the gas price in order to guarantee the supply and...
Bitcoin value rose above $58,000 earlier today. This is the highest value of the cryptocurrency in one week, following profit-taking among investors in the crypto market...
The National Bureau of Statistics (NBS) has revealed that 61 percent of Nigeria’s public debt portfolio of N32.92 trillon is domestic. This was revealed in its...
Visa has become the latest payment company to accept cryptocurrency, as the firm made its first cryptocurrency transaction this month. The incorporation of crypto into its...
First City Monument Bank (FCMB) non-performing loans rose in 2020 when compared to what the lender recorded during the corresponding period of 2019. The creditor’s bad...
Consumers in the country increased debt owed to Electricity Distribution Companies (DisCos) by 18.38 percent in 2020, data from Nigerian Electricity Regulatory Commission financial report has...
The Securities and Exchange Commission (SEC) has set N50 million as minimum paid up capital for Warehousing and Collateral Management companies in the country. A statement...
The Minister of Mines and Steel Development, Olamilekan Adegbite, said on Sunday Small and Medium Enterprises (SMEs) would soon be allowed to obtain a loan with...
The Founder of Stanbic IBTC, Atedo Peterside, has faulted the Nigerian National Petroleum Corporation (NNPC)’s insistence on the rehabilitation of the Port Harcourt refinery with $1.5...
Foreign investors’ appetite for Nigerian equities increased in February 2021, despite fears over dollars scarcity. Details of domestic and foreign portfolio participation in equity trading obtained...
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 Nigerian National Petroleum Corporation (NNPC) says it recorded 18 percent increase in pipeline vandalism across the country in December. This is contained in the 53rd...
This week at the stock exchange, investors traded a total turnover of 1.530 billion shares worth N21.311 billion in 20,016 deals, against the previous week’s 2.342...
The foreign exchange market closed the week with Naira gaining marginally by 0.031 percent after exchanging with the dollar at N410.05 on Friday compared to N410.13...
The Nigerian stock market slipped back to bears’ territory on Friday after the bourse failed to maintain its bullish run. The market’s equity capitalization dropped from...
The Nigerian National Petroleum Corporation (NNPC) has revealed that it will maintain the current ex-depot price of Premium Motor Spirit, also known as petrol, until the...
Nigerians have had to budget more to purchase food items against the backdrop of dwindling income, highlighting the pressure facing households, the National Bureau of Statistics...
Nigeria’s exports to key markets in Africa fell to it’s lowest level in three years in 2020. Data obtained from the National Bureau of Statistics (NBS)...
