The Nigerian Maritime Administration and Safety Agency ( NIMASA) said on Tuesday the Badagry deep seaport project would transform Nigeria into a West African maritime hub....
The World Bank said on Tuesday a weak fiscal base, poor investments and a host of other factors would speed up a subdued growth in the...
The embattled Managing Director of First City Monument Bank (FCMB), Adam Nuru, has been forced to proceed on leave as the bank begins probe into the...
Trading on the floor of the Nigerian Stock Exchange (NSE) recorded the first loss of the year Tuesday as sell pressure on some of the most...
Nigerian Electricity Regulatory Commission (NERC) has denied approving a 50 percent increase in electricity tariffs. NERC made the denial in a statement on its Twitter handle...
Nigerians are in for another tough year after the Nigerian Electricity Regulatory Commission (NERC) approved a new increase in electricity tariff with effect from January 1....
Oil prices were mixed on Tuesday as an impasse in output talks between key crude producers regarding changes to February supply forced the Organisation of the...
Shares of the First City Monument Bank (FCMB) posted a six per cent loss on the first day of trading on Monday, January 4. The institution...
BUA Cement said it had concluded the raising of N115 billion debt from investors through its Series 1 Fixed Rate Senior Unsecured Bond issue under its...
10 power plants representing more than one third of the 29 Nigerian power plants were inactive on Monday by reason of dearth of gas supply and...
Government needs to brace up for tough policy decisions including the defence of the Nigerian economy against external and fiscal instabilities in order to restore growth...
Trading on the Nigerian Stock Exchange (NSE) opened for the New Year on Monday, with stocks in industrial and consumer goods propelling a N458.394 billion rise...
The Nigerian government has reportedly distributed a N4billion bailout among 18 scheduled and non-scheduled carriers operating in the nation’s aviation country. One of the requirements for...
Oil prices hit their highs in many months on Monday amid hopes that the Organisation of the Petroleum Exporting Countries (OPEC) and allies will limit supply...
Much as it was fraught with many socio-economic upheavals as diverse as the coronavirus pandemic, an oil crash, a prolonged forex liquidity squeeze and the #EndSARS...
Nigerian banks have declared the commencement of a new cheque policy set in motion by a Central Bank of Nigeria (CBN) directive, that demands the incorporation...
Vitafoam Nigeria Plc said its after-tax profit for the year ended 30 September 2020 grew by 72% to N4.108 billion as improved revenue and lower cost...
Last week, the Nigerian Stock Exchange ran only three trading sessions on account of two public holidays, with the corporate actions and developments during the week...
Hello, and welcome to the very first Business Roundup for the year. Here, we bring you highlights of events that happened during the week -from the capital...
Entering into the new Gregorian year of 2021, the tech sector, unlike other major sectors, doesn’t seem to observe a break as the last day of...
The Artisan Fishermen Association of Nigeria (ARFAN) is seeking the intervention of the Nigerian government in getting Shell Nigeria Exploration and Production Company to pay a...
In a year largely turbulent for business and financial markets around the world, the Nigerian Stock Exchange (NSE) mercifully turned out an impressive return as market...
The Nigerian Stock Exchange (NSE) ended its last trading session of 2020 on an upbeat note as the year-to-date return hit N8.093 trillion or 50.03 percent...
The Debt Management Office (DMO) said on Thursday Nigeria’s public debt hit a total of N32.2trillion ($84.57billion) at the end of September. The DMO, which disclosed...
Global crude oil markets have shed around one fifth of their value this year as coronavirus-induced lockdowns hammered much of the world’s economy, but oil prices...
Foreign investors withdrew N433.15 billion worth of investment from the Nigerian equity market between January and November, compared to the N481.96 billion reported in the corresponding...
The European Union (EU) and China on Wednesday signed an investment pact that will provide European companies greater access to Chinese markets and help address what...
Nigeria’s external reserves contracted by $3.17 billion or 8.23% this year as proceeds from sales of crude oil, which provides more than 90% of its foreign...
When Nigerian businessman and philanthropist Tony Elumelu, in his keynote address before world leaders, at the 2019 Invest for Growth in Africa Conference in Paris argued...
The equity section of the Nigerian Stock Exchange (NSE) maintained its positive momentum on Wednesday as the market added N213.373 billion. Gains were largely driven by...
Oil prices advanced on Wednesday, boosted by a COVID-19 stimulus package in the United States and a decrease in crude oil stockpiles. Brent crude futures were...
Naira weakened across various segments of the currency market on Tuesday as commercial activities resumed following a two-day holiday observed on Friday and Monday in celebration...
The incidence of default on secured credit aggravated between October and December, with lenders expecting no improvement in the trend in the first quarter of 2021,...
Nigerian stocks are on track for their biggest annual yield since 2013 after the Nigerian Stock Exchange (NSE) bounced back on Tuesday from a loss posted...
Oil prices climbed on Tuesday, the third time in four trading sessions, on hopes of fuel demand recovery, as the U.S. drew closer to expanding its...
The gridlock at Lagos ports has deteriorated to a level that it can cost over $4,000 to truck a container 20 kilometres to the Nigerian mainland...
The Central Bank of Nigeria (CBN) has said it would charge investors protection fees on its non-interest asset-backed securities. In its recently issued draft framework of...
Last week, the Nigerian bourse reported gains Monday through Wednesday but saw a marginal loss on Thursday, with the week’s corporate actions and some technical factors...
Trump, whose administration is about to wind down, had initially said he would block the $2.3 trillion aid and spending package. Europe, in the meantime, teed...
The Nigerian Civil Aviation Authority (NCAA) said it would apply a fine of $3,500 on airlines for every passenger violating the new protocols on inbound flights...
The double whammy of coronavirus pandemic resurgence and sharp volatility of oil prices are the biggest impediments to Nigeria’s comeback to economic growth in the year...
The Association of Bureaux De Change Operators (ABCON) has urged the Central Bank of Nigeria (CBN) to make Bureau De Change Operators payout agents for foreign...
The Central Bank of Nigeria (CBN) has revealed in its latest Business Expectations Survey Report for December that the naira will likely shed value further in...
Hello, and welcome to the very last Business Roundup for the year. Here, we bring you highlights of events that happened during the week -from the capital...
Although, being a build up to the festive period with many tech startups closing their ventures for the year, notwithstanding, some companies, however, few compared to...
Nigerian stocks recorded significant appreciation this week, with the Nigerian Stock Exchange (NSE) adding N1.338 trillion amid investors’ surging interest in equities. Liquidity improved by 46...
Nigeria’s manufacturing sector contracted in the month of December after scraping a weak recovery in the month before, the Central Bank of Nigeria (CBN) said in...
The Central Bank of Nigeria (CBN) has withdrawn the licences of seven payment service providers in the country. The CBN made the proclamation on Thursday in...
Oil prices gained further on Thursday as a fall in the United States crude stockpiles boosted demand hopes, while signs of an imminent Brexit deal buoyed...
Naira strengthened against the United States dollar on the parallel market on Wednesday as banks strived to meet foreign exchange demand particularly for Personal Travel Allowance...
