The Federal Government of Nigeria (FGN) Bond Auction for December, which was valued at N60 billion, was N70 billion or 220 per cent oversubscribed, data obtained...
Nigerian banks borrowed the sum of N1.7 trillion from the Central Bank of Nigeria (CBN) in the three months to September 2020, data obtained from the...
The equity section of the Nigerian Stock Exchange (NSE) sustained its bull run on Wednesday, with gains reported by Airtel Africa, BUA Cement, Nigerian Breweries, BOC...
The Nigerian Stock Exchange (NSE) has launched an online platform named, “X-PO” to ease the public offering process in the capital market after receiving a “no...
Oil prices fell on Wednesday following an industry report that revealed a surprise build in the United States crude oil stocks, and as President Donald Trump...
Investment in the Nigerian economy climbed to $3.95 billion in the third quarter with Kogi State accounting for $1 billion or 25 per cent to become...
The aggregate forex inflow to the Nigerian economy crumbled by 30.4% to $30.83 billion in the third quarter compared to the same period of 2019, the...
Pressure on the income of Nigerian households could hinder their investments in basic services such as education and health, the National Bureau of Statistics (NBS) said...
Nigeria’s humongous external debt servicing bill is standing in the way of moves by government to expand the economy, the Nigeria Employers Consultative Association (NECA) has...
The equity segment of the Nigerian Stock Exchange (NSE) continued its bull run on Tuesday, adding N235.304 billion, with Dangote Cement, Eterna, Cadbury, Zenith and UBA...
Oil prices fell towards $50 per barrel on Tuesday, compounding losses incurred on Monday, as a new coronavirus variant in the United Kingdom reignited worries over...
The equities market was bullish throughout last week as gains were recorded across trade sessions Monday through Friday, with the developments and other fundamental factors during...
Naira gained slightly against the United States dollar on Monday on the black market as the country’s foreign exchange reserves lost $437 million in the two...
The Nigerian Petroleum Development Corporation (NPDC), the main subsidiary of the Nigerian National Petroleum Corporation (NNPC) on Monday said it had begun operations at its Integrated...
The Nigerian economy will be much weaker if the prices of goods and services, or cost of living, keep rising, data from the Central Bank of...
Dangote Cement Plc Monday said it would next week commence the first phase of the plan to buy a portion of its ordinary shares back from...
The Nigerian Stock Exchange (NSE) posted further gains on Monday with the market capitalisation rising by N333.797 billion on the back of gains in heavyweight stocks...
Oil prices fell by over three percent on Monday as a rapidly spreading new COVID-19 strain that has shut down much of the United Kingdom triggered...
The Central Bank of Nigeria (CBN) confirmed on Sunday that the Federal Government recorded a fiscal shortfall of N1.29 trillion in the third quarter (Q3) of...
Nigeria failed to generate 10,106.8 Megawatts (MW) of power last week due to various limitations ranging from gas constraints to poor transmission and distribution infrastructures. Data...
The Nigeria Deposit Insurance Corporation (NDIC) is in the process of liquidating 42 microfinance banks, whose licences were recently revoked by the Central Bank of Nigeria...
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 Stock Exchange (NSE) recorded one of the biggest weekly gains this year last week as more funds chased stock, causing the market to return...
This week, Fuel Intellisense, Homefort Energy, Gricd Mote, Kiakia Gas, and Airsynq emerged winners in the Nigerian Oil and Gas Technology (NOGTECH) Hackathon. Through the week,...
The Central Bank of Nigeria ( CBN) has ordered Deposit Money Banks (DMBs) to close all the naira accounts of International Money Transfer Operators (IMTOs) in...
The Nigerian Stock Exchange (NSE) added N295.371 billion on Friday, with market capitalisation crossing the N19 trillion as heavyweight equities like Dangote Cement, MTNN, Ardova, Guinness...
Oil prices dropped from nine-month highs on Friday, with escalating coronavirus infections viewed as a threat to near-term fuel demand and a stronger U.S. dollar also...
Minister of Communications, Isa Pantami has ordered the National Communications Commission (NCC) and the National Identification Management Commission (NIMC) to rescind the N20 charges imposed on...
Naira depreciated against the United States dollar on the black market on Thursday after the Central Bank of Nigeria (CBN) introduced of a new policy, prohibiting...
The Securities and Exchange Commission (SEC) Thursday declared it had initiated a joint review of Nigeria’s 10-year capital markets master plan in collaboration with Financial Sector...
In the last four years, the amount spent by Nigeria, Africa’s largest economy, on importation of used vehicles, popularly known as ‘Tokunbo’, has risen by 983.3%...
The indebtedness of oil & gas and electricity companies in the country to banks as of third quarter end climbed by N200 billion to N5.85 trillion,...
The Nigerian Stock Exchange (NSE) sustained its positive momentum on Thursday on the back of gains by big and mid-cap stocks like Airtel Africa, Dangote Cement,...
The Central Bank of Nigeria (CBN) has ordered switches and processors to immediately stop all domestic currency transfers in respect of foreign remittances through International Money...
Oil prices rose to a 9-month high on Thursday after government data indicated a drop in United States crude stocks last week, an advancement towards a...
Naira weakened marginally against the dollar on the black market on Wednesday, falling by N1 or 0.21% to N476, data from abokiFX, an exchange rate tracking...
The Central Bank of Nigeria (CBN) has issued a red alert on London-based online money transfer providers, Azimo and Transfer Wise, saying the two firms had...
The Nigerian government Wednesday entered into a pact with seven private power firms through the signing of Output-Based Fund (OBF) grant memorandum of understanding for the...
Nigeria’s daily oil production declined to 1.32 million barrels per day (bpd) in November following an oil output cut agreement among members of the Organisation of...
Trading on the Nigerian Stock Exchange (NSE) ended in the positive territory for the third time this week on Wednesday as investors’ renewed interest in consumer...
The United Nations (UN) has forecasted that Africa’s economy will slow by 4.1 per cent this year and rebound by 5% in 2021 as the coronavirus...
Oil prices declined on Wednesday following a surprise increase in crude oil stockpiles in the U.S. and on continuous investor worries about fuel demand being weak...
The costs of imported vehicles will rise sharply beginning from 2021 once the Fuel Grade and Vehicle Emission Standards Regulations of the Economic Community of West...
The Nigerian government has sent a written request to the National Assembly, seeking a new review of the 2020 budget. Zainab Ahmed, the minister of finance,...
Another round of banking consolidation is inevitable for lenders to thrive by growing capital base quicker than inflation rates and devaluation of the naira, management consulting...
The People’s Republic of China has endorsed 85% of the credit needed to finance the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project and will disburse the fund soon,...
The Nigerian government has ordered the mobile telecommunication operators (telcos) to block all Subscriber Identification Modules (SIMs) without valid National Identification Numbers (NINs) after December 30....
The Nigerian Stock Exchange (NSE) extended gains on Tuesday on the back of buy pressure on industrial and bank stocks including Dangote Cement, WAPCO, Zenith Bank...
Nigeria’s entertainment and creative sector is to receive a boost, as Heritage Bank Plc, has said N5 billion is to be set aside as support funds...
Oil prices climbed past $50 per barrel on Tuesday as hopes from the rollout of COVID-19 vaccines moderated tighter lockdowns in Europe and predictions of a...
