Young Ifeoluwa got the attention of the world after emerging as a star robotics engineer at age 11 with his agro solution design. Another interest is...
The Manufacturers Association of Nigeria (MAN) Friday said members were losing their share of the African manufacturing industry to other countries on the continent on a...
Nigeria’s foreign exchange reserves, which come to $35.4 billion, are adequate to meet import needs and services for seven months, Godwin Emefiele, the Central Bank of...
Increasing optimism in Nigerian stocks delivered both a 2.2% or N390.257 billion rise in market capitalisation this week and upped the yield on investment of 29.97%...
Shares in MTNN, Unilever, Fidson, NAHCO and FBN Holdings largely accounted for the N43 billion gain on Friday as the market extended its bull run. The...
Stanbic IBTC Holdings Plc Friday said it now had in place the go-ahead of regulatory authorities to complete a diversification process that would birth a new...
The Nigerian government has met the precedent conditions for a $1.5 billion budget-support credit from the World Bank and, in so doing, approaches the consummation of...
Shell Petroleum Development Company, the Nigerian operations of oil supermajor, Royal Dutch Shell, Friday had its request to revisit a verdict of 11th January 2019, directing...
Oil prices weakened on Friday in quiet trade on account of the United States Thanksgiving holiday, falling amid glut fears and reservations about a vaccine to...
Cocoa exporters in the country are battling enduring delays in exporting their produce following the Central Bank of Nigeria (CBN)’request for further documentation to ensure proceeds...
The Nigerian National Petroleum Corporation (NNPC) Thursday presented its budget to the House of Representatives, marking the first time the state-owned firm would do so in...
Company Income Tax (CIT) collection by the Nigerian government contracted by 20.13% in the third quarter when set beside what was reported in the same period...
The Nigerian Stock Exchange recorded a modest gain on Thursday as trade volume fell significantly compared to Wednesday level. Mobil, Guinness and GTB accounted mostly for...
Oil slid from its peak levels in seven months on Thursday, with intimations of larger production contributing to end a rebound fuelled by the hope that...
African Development Bank (AfDB) has given the nod for the sum of $25 billion to be invested in agriculture in Nigeria and four other countries on...
Nigerian banks foraying into new markets across Africa or branching out into other financial services will be more protected from headwinds than they were in the...
Africa’s biggest oil producer could save about $5 billion in foreign exchange every year via increasing local capacity for refining, energy firm Waltersmith Group has said....
Pressure from buyers of bellwether stocks including Airtel, Dangote Cement, Flour Mills and Julius Berger catapulted them to the forefront of top gainers’ list, driving gains...
On Day 1 of the just-concluded 26th Nigerian Economic Summit (#NES26) organised by the Nigerian Economic Summit Group (NESG), Chidi Ajaere, Chairman of The GIG Group,...
Nigeria’s official exchange rate cannot be controlled by the parallel market, where the local currency has depreciated to its lowest level in three months, Godwin Emefiele,...
Italian energy firm Eni has declared a force majeure (FM) on exports of Nigerian Brass River crude oil after pipeline blasts in Bayelsa State, Reuters reported...
Global airlines could report losses summing up to $118.5 billion this year as the aviation industry battle headwinds from the coronavirus pandemic and fast diminishing revenue...
The total credit granted by lenders to support the economy from the end of August to 13th November advanced from N19.33 trillion to N19.54 trillion, equivalent...
The Nigerian Stock Exchange rebounded on Tuesday from a bull run that dominated trade for days, supported by appreciation in bank stocks, with N114.444 billion rise...
The National Bureau of Statistics (NBS) said on Tuesday the prices of some major selected food items increased last month. In its report on Food Price...
The Central Bank Nigeria (CBN), rising from its 276th Monetary Policy Committee (MPC) meeting on Tuesday, retained the benchmark interest rate, at which it lends to...
Global oil demand will scale up by 6.2 million barrels per day (mbpd) per day next year as national economies gradually find recovery from the headwinds...
Vice President Yemi Osinbajo Monday provided the Federal Government’s response to the criticism of the government’s recent reversal of the policy on 35 percent levy on...
Naira weakened against the United States dollar on Monday on the over-the-counter spot market segment of the currency market, called the Investors and Exporters (I&E) forex...
The market was dominantly bearish last week as losses swept across trade sessions Monday through Friday save for Wednesday, with the developments and other fundamental factors...
Nigeria’s per capita income, which gauges the average sum of money earned per person in the country, may touch its weakest level in four decades as...
President Muhammadu Buhari will Tuesday inaugurate the 5000 barrels-per-day (bpd) Waltersmith Modular Refinery in Ibigwe, Imo State and also conduct the ground breaking for a separate...
The downturn in the Nigerian equity market continued on Monday, with sell pressure on heavyweight bank stocks, comprising Access Bank, Zenith, UBA, FBN Holdings and GTB...
Nigerian billionaires and large businesses are committing enormous cash into Africa’s biggest economy despite the harsh investment climate to draw foreign investors as the nation slips...
Oil prices climbed by over one percent on Monday, sustaining the gains recorded in the week that just went by as traders targeted a swift recovery,...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, expressed optimism on Monday that Nigeria would exit recession soon, raising hopes that Africa’s biggest economy...
The Association of the Bureaux De Change Operators of Nigeria (ABCON) said on Sunday speculative practices in the currency market would heap more pressure on the...
The Nigerian LNG (NLNG) Limited said on Friday its Train 7 gas infrastructural expansion project would source at least 55 percent of its labour equivalent in...
The credit rating agency, Moody’s said on Sunday Nigeria would require over $3 trillion investment over the next three decades to bridge a yawning infrastructure gap...
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 news on products launch and startup expansion taking over the tech landscape this week, the country is, perhaps, on a ride to technological transformation. Today,...
The Nigerian Employers Consultative Association (NECA) rejected Nigerian government’s bid to take over shareholders’ unclaimed dividends totalling N158 billion. NECA’s reaction followed the government’s move to...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has dismissed claims in some quarters that President Muhammadu Buhari, interferes with the...
Huge sell-offs of stocks that had accumulated gains over recent weeks of largely bullish trade disrupted that positive momentum this week as the Nigerian Stock Exchange...
The Nigerian Stock Exchange (NSE) extended the loss at the previous session on Friday as profit-taking efforts deepened with negative implication for market capitalisation. Heavyweight stocks...
Oil prices moved up a little on Friday as they approached their third week of appreciation. However, fears of demand slump due to escalating COVID-19 infections...
AIICO Insurance Plc declared on Friday it would offer one bonus share for every five held by the company’s shareholders by November 30. “These shares will...
The Nigerian National Petroleum Corporation (NNPC) confirmed on Thursday that the recently discovered oil in the Benue Trough was in commercial quantity. The Group Managing Director...
The Minister of State for Petroleum Resources, Timipre Sylva, said on Friday Nigeria would restart fuel importation from the neighbouring Niger Republic to meet local energy...
Nigeria spends approximately $500 million annually importing palm oil as local production capacity remained well below users’ demand, industry watchers and staff of the ministry of...
