The value of transactions on point of sales (PoS) terminals across the country totalled N4.7trn in 2020, an amount which is 48 per cent higher than...
Nigeria’s foreign reserve has increased to $36.30 billion as of January 14, the latest figures by the Central Bank of Nigeria (CBN) have revealed. The new...
There seems to be hope on the horizon as the brent oil price is expected to average $53 in 2021, according to Fitch Solutions Country Risk...
Nigeria’s stock investors ended last week trading which ended on January 15, N552 billion richer as the value of listed equities increased remarkably by 2.63 percent...
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...
In 2020, Nigerian mutual funds attracted over N450 billion in new contributions, pushing the asset under management (AUM) by 43% to N1.49 trillion from N1.042 trillion...
The National Bureau of Statistics (NBS) said on Saturday residents of Abia, Kebbi and Kwara States paid the highest price for Premium Motor Spirit (PMS) also...
The Shell Petroleum Development Company of Nigeria Limited has completed the sale of its 30 percent stake in Oil Mining Lease (OML) 17 in the Niger...
FMDQ Securities Exchange Limited has announced the admission of commercial papers from Total Nigeria, Valency Agro and Mixta Estate worth over N37 billion under its issuance...
Over 26,458 Nigerians who lost their jobs and could not get another after four months withdrew N14.97bn from their Retirement Savings Accounts in the first eight...
Nigeria’s inflation rate rose by 15.75% (year-on-year) in December, nearly 1% compared to 14.89% recorded in November 2020 on the back of border closure and insecurity....
It was a Bullish Day again on Thursday as Investors Increase Risk Appetite pushed the market’s benchmark performance indicator –the NSE All Share Index (ASI) by...
Nigerian Stocks at the third trading session of the week again close on a positive note, as All Share Index advanced on Wednesday by 0.11% to...
The Nigerian Railway Corporation (NRC) says it has commenced e-ticketing for train services on the Abuja-Kaduna route. This was revealed by the Minister of Transportation, Rotimi...
Ardova Plc (AP) a downstream player has announced that it is in talks with the shareholders of Enyo Retail and Supply Limited relating to acquire the...
The Nigerian stock market rose by 0.36% as the All share index moved from 40,150.78 to 40,295.95 largely driven by the advancements in the shares of...
Nigeria, alongside 11 other African countries will get over $5 billion investment, over the next five years from the World Bank, to help restore degraded landscapes,...
The Asset Management Corporation of Nigeria (AMCON) on Monday disclosed that the total of outstanding debt by loan defaulters on its books has dropped by N1...
The Naira has, once again, weakened at the black market as the exchange rate at the parallel market suffered its second depreciation of the year. The...
A global management consultancy services firm, McKinsey & Company, has predicted a bright future for the insurance sector in Nigeria and some other African countries, describing...
Trading on the Nigerian Stock Exchange was bearish last week on account of profit-taking efforts that saw market capitalisation shed N537 billion, with market developments and...
The National Pension Commission (PenCom) has disclosed that total assets under the Contributory Pension Scheme had risen by N184.68bn in the third quarter of 2020. In...
The stocks of Elon Musk’s-owned fast-rising electric vehicle company, Tesla, has overtaken those of Facebook by market capitalization at the most recent trading session, becoming the...
Mr Tayo Ayeni, a former chairman of the defunct Skye Bank (now Polaris Bank), has accused his business partner, Captain Hosa Okunbo, of mismanagement, stealing and...
The government of Gombe State has said that it generated the sum of N8.4 billion in Internally Generated Revenue (IGR) for the year 2020. This was...
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...
With Elon Musk emerging as the world’s richest man, displacing Amazon founder Jeff Bezos; the week goes down in history as a significant week where tech...
The Federal Government has made plans to replace the collection of stamp duty with an electronic bank transfer after the Court of Appeal outlawed the duty...
The pressure of profit-taking on Nigerian stocks set in motion the first weekly loss of N537.088 billion in the market value of companies on the Nigerian...
The Nigerian Stock Exchange (NSE) closed Friday’s trade in the red, reversing all the grounds gained so far this year as sell pressure on industrial stocks...
Nigeria’s energy firm, Lekoil, will on Friday vote to increase members of its board by three following a fierce conflict between its founder and majority shareholder....
The Nigerian Stock Exchange (NSE) has suspended Thomas Wyatt Nigeria Plc for failing to adhere to extant corporate governance practices that require quoted companies to submit...
The Board of Directors of PZ Cussons Nigeria Plc has proposed the payment of N397 million as dividends to shareholders of the company who currently hold...
The sustained bullish trend that has characterized the Nigerian Stock market since the beginning of the year continued as the All-Share Index (ASI) rose by 0.31...
Latest data from the Nigerian Bureau of Statistics (NBS) has revealed that a total of N9.28tn was spent on the importation of manufactured goods into the...
Nigeria and other developing economies as well as emerging markets will likely report a 5% growth this year even though output is expected to be subdued...
The maverick chief executive of Tesla, Elon Musk, has overtaken Amazon chief, Jeff Bezos, as world’s richest person after shares in the electric car company he...
The Transmission Company of Nigeria (TCN) said on Thursday the country has recorded an all-time power generation peak of 5,552.8 megawatts. The TCN General Manager, Public...
The Federal Government on Thursday directed the Nigerian Electricity Regulatory Commission (NERC) to suspend the new adjustment made recently on electricity tariff, in the country. NERC...
Access Bank Plc said it had acquired Zambia-based Cavmont Bank Limited through Access Bank Zambia Limited. The takeover, a product of the lender’s satisfaction of major...
The Nigerian Stock Exchange (NSE) will have its three surviving entities, birthed by the just completed demutualisation exercise, headed by individual chief executive officers, the national...
The Nigerian government has concluded plans to borrow from unclaimed dividends and funds in dormant account balances of Deposit Money Banks. This is as contained in...
The Federal Government has suspended the deduction of 7.5 per cent Value Added Tax (VAT) on airfares and other air transport services with effect from January...
The Nigerian National Petroleum Corporation (NNPC) is in negotiation with oil traders to source $1 billion in advance for crude oil payment to revamp its largest...
Nigerian single-point financial service and payment solution provider, Aella App, is working with Amazon Web Services, Inc. (AWS) to empower unbanked Nigerians through quick access to...
Multinational professional service firm, PriceWaterCooper (PwC) has predicted that Nigeria and other oil-producing countries in Africa will lose an estimated $1tn in oil export revenues over...
The Nigerian Stock Exchange (NSE) bounced back on Wednesday, partly reversing Tuesday’s loss as investors’ hunger for mid-cap stocks dominantly drove recovery. The day’s positive show...
Oil prices climbed to their peak in 11 months on Wednesday, following Saudi Arabia’s decision to slash output to a lower-than-expected level during talks between the...
The Director-General of the Debt Management Office (DMO), Patience Oniha, said on Wednesday the Federal Government planned to repay a $500million Eurobond with funds raised from...
The Lagos Chamber of Commerce and Industry (LCCI) on Tuesday urged the Federal Government and electricity distribution companies (DisCoS) to work out an effective electricity pricing...
