Central Bank of Nigeria (CBN) Governor Godwin Emefiele has affirmed that Nigeria must give considerable focus to productions to expand the economy. Emefiele stressed that the...
The value of online food market in Africa’s most populous nation could hit $142 million (N66.740 billion at parallel market rate) before the year winds down,...
Oil prices inched lower on Monday as a persistent rise in coronavirus infections around the world spurred a number of renewed lockdowns as well as new...
Airlines in the Nigerian aviation industry might be compelled by circumstances to embrace merger as a result of the impact of the covid-19 pandemic on business,...
Guaranty Trust Bank (GTB) has received the nod of shareholders to transform to a holding company. GTB disclosed in a statement on Sunday titled, ‘Shareholders Approve GTBank’s ...
The Nigerian Bulk Electricity Trading (NBET) said on Sunday the country’s power distribution companies (Discos) failed to clear the N416.94 billion incurred for electricity purchased from...
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...
Nigeria, during the week, recorded new rise in its investment opportunities as CcHub added to its initial investment inventory in furtherance to its ambition to provide...
Nigeria loses $1.9 billion every to foreign ship owners, Hassan Bello, the chief executive of the Nigerian Shippers Council (NSC) and chairman, Nigerian Fleet Implementation Committee...
Trade volume was 7.8% weaker on the Nigerian Stock Exchange (NSE) this week even though the rate of decline was lower than that of the week...
The Nigerian Stock Exchange (NSE) rallied on Friday, with gains in oil and gas stocks like Mobil and Ardova driving the rebound while Airtel, Zenith Bank,...
Oil prices advanced by nearly 2% on Friday, approaching a fifth successive week of gains, with key producers consenting on a compromise to extend some cuts...
Arik Air has sacked over 300 workers following the Covid-19 pandemic that practically shut down the aviation industry in Nigeria for many months. The affected workers...
Ecobank Transnational Incorporated (ETI) has announced an 87% fall in profit after tax for the nine-month period to September 2020 as impairment losses and other losses...
The difference between the official exchange rate of naira to the U.S. dollar and that of the parallel market tightened to its smallest in three weeks,...
The Central Bank of Nigeria (CBN) said it was looking to attract $2 billion in diaspora remittances from Nigerians abroad as the country’s foreign exchange reserves...
In a bid to proffer solution to the challenges of pension administration in Nigeria, the Federal Government of Nigeria has inaugurated 16 members of the National...
Nigeria incurs $12 billion in post-harvest loss every year in its agriculture industry on account of poor transportation system and storage infrastructures among other factors, the...
Trading in the equity segment of the Nigerian Stock Exchange (NSE) on Thursday ended in the negative as sell pressure on blue-chip stocks led by GTB,...
Oil prices dropped on Thursday as producers comprising Saudi Arabia and Russia deliberated over the necessity of prolonging current output cuts introduced during the first wave...
Nigeria’s former minister of petroleum, Dan Etete, Wednesday said the transaction involving the sale of one of the country’s oilfield to oil supermajors, Shell and Eni,...
The Central Bank of Nigeria (CBN) has introduced special bills aiming to consolidate the nation’s financial markets and make capital more available to lenders. The CBN...
Value Added Tax (VAT) taxpayers, failing to meet their payment obligations within the stipulated window, will face the sanction of having the payable amount upped from...
The Nigerian Stock Exchange (NSE) had its latest bull run come to a halt on Wednesday as profit-taking in the shares Nigerian Breweries, CAP, GTB and...
The Nigerian government’s auto conversion initiative, which aims to change the power source of one million vehicles from petrol to autogas in the next one year,...
Oil prices edged lower in early trading on Tuesday but later scaled some of the losses after reports that the United Kingdom had emerged the first...
Naira strengthened on black market on Tuesday, exchanging at N490 for the United States dollar, following an announcement of the Central Bank of Nigeria (CBN), permitting...
The Central Bank of Nigeria, (CBN), has insisted that the frozen accounts of #EndSARS campaigners on the orders of Justice Ahmed Mohammed of the Federal High...
President Muhammadu Buhari has dispatched the Finance Bill 2020 to the National Assembly for review and legislative assent. Senate President Ahmad Lawan and Femi Gbajabiamila, speaker...
A hundred and thirty-eight small scale miners requested an aggregate sum of N14.6 billion in credit from the Nigerian government to fund mining activities across Nigeria,...
Banks in Nigeria run the risk of larger impaired loan portfolio in the year ahead, stoking the fear of steep deterioration in the asset quality of...
The Nigerian Stock Exchange (NSE) posted further gain on Tuesday with the market capitalisation rising by N55.167 billion on the back of gains in heavyweight stocks...
The Minister of State for Petroleum Resources, Timipre Sylva, said on Tuesday it would be more economical to power vehicles with autogas than Premium Motor Spirit...
The Nigerian government Tuesday rolled out the national gas expansion programme, which sought to deepen the penetration of gas an alternative to petrol, with the Nigerian...
The Socio-Economic Rights and Accountability Project (SERAP) and Human & Environmental Development Agenda Resource Centre (HEDA) are now at liberty to sue the Central Bank of...
Despite the fact that cryptocurrency has only been around for a short time, it’s already expanded into a wide, convoluted field that can be complicated to...
A Lagos Federal High Court will Tuesday hear an application by Jimoh Ibrahim, chairman and chief executive officer of Global Fleet Group, seeking a reversal of...
Recipients of diaspora remittances via international money transfer operators will henceforth receive such inflows in foreign currency as the Central Bank of Nigeria (CBN) moves to...
A total of 4,500 transport operators in each state of the country now have the chance to benefit from the Micro, Small and Medium Enterprise (MSME)...
The equity section of the Nigerian Stock Exchange (NSE) closed on an upbeat note on Monday following gains recorded in the shares of Airtel Africa, MTNN,...
The Central Bank of Nigeria (CBN) has weakened the local currency for the third time in 2020, while striving to curb dollar demand in the face...
Nigeria has enjoined the Organisation of the Petroleum Exporting Countries (OPEC) to rethink the consequences of deep production cuts on member countries as OPEC and allies...
The Nigerian bourse recorded gains throughout last week save for Monday, with the corporate actions of the week and some technical factors informing Ripples Nigeria Stocks...
Oil prices dipped on Monday over investors’ uncertainty of the outcome of a meeting of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies...
FCMB Group Plc said its after-tax profit for the 9-month period to September grew by 29%, relative to the same period of last year as improvement...
The Transmission Company of Nigeria (TCN) said on Sunday the nation’s power grid experienced multiple tripping, leading to the collapse of the system. TCN’s General Manager,...
Several parts of Nigeria were plunged into darkness on Sunday following the collapse of the country’s power grid. Two of the country’s power distribution firms, Eko...
Nigeria has brokered a deal with La Mancha Resources Inc., a Luxembourg-incorporated private gold developer and miner, to produce the metal on a commercial scale in...
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 Governor of Central Bank of Nigeria (CBN, Godwin Emefiele, said on Friday the country could exit recession by the first quarter of 2021. Emefiele, who...
