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...
The World Bank has approved a $1.5 billion budget-support facility for Nigeria to help build a resilient recovery post COVID-19. “Nigeria is at a critical juncture....
Nigeria’s inflation rose for the 15th month in a row in November, touching a more than two-year high amid spiraling food prices fueled by land border...
Nigeria’s foreign exchange reserves contracted by $269.47 million in the five-week period to 12th December, data from the Central Bank of Nigeria (CBN) showed on Monday....
The Nigerian government has stopped the issuance of licences for operation of free trade zones in the country. Minister of Industry, Trade and Investment Adeniyi Adebayo...
The authorities of the Nigerian Stock Exchange (NSE) have blacklisted two persons and included them among those not suitable to execute capital market operations. A regulatory...
Nigeria’s capital importation, which represents the inflow of foreign capital or investment into the economy, stood at $1.461 billion in the third quarter, 74.03 per cent...
Nigeria’s Gross Domestic Product (GDP) would taper by two per cent this year relative to 2019, when a growth of 2.3 per cent was recorded, professional...
The Nigerian Stock Exchange (NSE) rallied on Monday with a N309.781 billion gain after five trading sessions of losses as buy pressure on big and mid-cap...
Two oil workers sustained injuries during a fire accident at Nigeria’s Qua Iboe crude oil terminal, a spokesperson for ExxonMobil, the operator, said on Sunday, according...
One of the first basic rules of investing is to diversify one’s portfolio. The reasons this is important range from minimising risk of loss to preserving...
Oil prices climbed on Monday, lifting Brent (the benchmark for Nigeria’s crude oil grades) above $50 per barrel amid optimism that a dispensation of coronavirus vaccines will boost...
Nigeria’s hydropower plants have been increased to four after the connection of a new plant to the national grid. Situated in Gombe State, the Dadin Kowa...
The non-performing loans portfolio of Nigerian banks stood at N1.17 at the end of the third quarter, N42.4 billion or 3.5% lower than the N1.21 trillion...
Time-to-time measures taken by monetary authorities in the foreign exchange systems of Nigeria and other emerging economies are creating an undue optimism in the local currency,...
The market was bearish throughout last week as losses swept across trade sessions Monday through Friday, with the developments and other fundamental factors during this period...
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 Bureau of Statistics (NBS) said on Saturday a total of 2,781,526,188 transactions valued at N319.99trillion were recorded through the e-payment platforms in the Nigeria...
More than anything else, this week, we saw more equity raiser and expansion. That this happened barely few days after the Nigerian population authority, National Population...
The International Monetary Fund (IMF) Friday proposed a hike in Value Added Tax (VAT) and excise duties for Nigeria, suggesting that the implementation of the recommendations...
Businesses in Nigeria are optimistic that the nation’s economy will record improvement this month relative to November, the Central Bank of Nigeria (CBN)’s November 2020 Business...
The Nigerian Stock Exchange (NSE) this week reported a N463.732 billion loss in market capitalisation as there was a week-long scramble to sell off shares in...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Friday the Federal Government has no plans to introduce new taxes or increase the...
The equity capitalisation of the Nigerian Stock Exchange (NSE) declined by N170.662 billion on Friday, continuing days of intense profit-taking as traders scrambled to sell off...
The International Monetary Fund (IMF) said on Friday said Nigeria’s economic output would recover to its pre-COVID-19 level by 2022. The IMF said in a statement,...
Oil prices dipped on Friday but were on course for the sixth consecutive of gains, as the rollout of COVID-19 vaccinations boosted the optimism that fuel...
The World Bank will Monday review an application for a total sum of $1.5 billion by Nigerian states. Shubham Chaudhuri, World Bank’s country director for Nigeria,...
The Security and Exchange Commission (SEC) and shareholders have faulted the Nigerian government’s bid to take control of investors’ unclaimed dividends and dormant funds in bank...
The Central Bank of Nigeria (CBN) has approved new minimum capital requirements for payment service providers and other financial institutions in the country in a bid...
Nigerian employees of the Anglo-Dutch oil company Shell ordered the deliberate vandalisation of oil pipelines for personal gain, a documentary in the Netherlands has reported. Dutch...
The Nigerian government Thursday said it had halted the proposed retrenchment of 300 staff of Arik Air. Musa Nuhu, the director-general of the Nigerian Civil Aviation...
The Nigerian Stock Exchange (NSE) extended loss for a fourth day on Thursday as profit-taking in mid and large-cap stocks led the market towards the negative...
An average Nigerian might witness a reversal of decades of economic growth and the country might slip into its worst depression since the 1980s in the...
The Federal Government on Thursday directed that the Nigerian Communications Commission (NCC) put in place measures to effect more than 50 per cent reduction in data...
Oil price climbed past $49 per barrel on Thursday, with the optimism of a quicker rebound in demand after the rollout of COVID-19 vaccines moderated a...
The Nigerian Maritime Administration and Safety Agency (NIMASA) has refuted the claim that it grants waiver to foreign shipping companies operating in Nigeria and an allegation...
More than 600 maritime workers at the Onne seaport Wednesday closed down operations at Intels Nigeria Limited over the dismissal of a number of staff in...
The Nigerian Stock Exchange (NSE) recorded more loses on Wednesday as negative sentiments persisted, causing profit-taking in a number of stocks. The Insurance Index was the...
The Nigerian Communications Commission (NCC) has ordered mobile network operators to instantly suspend the sale and activation of new Subscriber Identification Module (SIM) cards in order...
Naira devaluation against other currencies around the world could weigh on loans sourced in foreign currencies and, in so doing, weaken the capital base of banks,...
Naira weakened slightly against the United States dollar on the black market Tuesday, changing hands at N483 as Nigeria’s foreign exchange reserves declined by $452 million...
Nigerian banks are in danger of recording weak earnings this year as the coronavirus pandemic weighs on operations, investment banking firm Afrinvest Securities Limited said on...
The Nigerian Stock Exchange (NSE) extended loses on Tuesday as profit-taking in mid-cap equities, especially bank stocks, caused the market to end in the negative territory....
Ripples Centre for Data and Investigative Journalism: Advancing a free press in Africa The Ripples Centre for Data and Investigative Journalism (RCDIJ), a non-profit sister organisation...
Oil prices declined on Tuesday, compounding losses recorded at the previous session that came as California made its pandemic lockdown measures stricter through Christmas and coronavirus...
The amount of money lost to corruption in Africa every year is substantial enough to supply the continent with 24-hour unflinching electricity for three years, the...
The Nigerian government has begun an assessment of the country’s investment policy with a view to promoting investments especially in the Micro, Small and Medium Enterprises...
The Federal Government on Monday said it would go ahead with its planned airport concession despite widespread opposition to the plan. The Minister for Aviation, Hadi...
Nigeria’s trade deficit, which gauges the value at which the country’s imports exceeds its exports, stood at N2.388 trillion at the end of the third quarter...
The Nigerian Stock Exchange (NSE) closed trade in the negative territory on Monday as investors put up a huge volume of shares up for sale, causing...
