Profit-taking in bank stocks on the Nigerian Stock Exchange (NSE) Thursday cost investors N91.06 billion, partly reversing the gain reported at the session before, with Stanbic,...
Guaranty Trust Bank Plc has reported a marginal drop of 3.2% in profit after tax for the nine-month period to September 2020, compared to the corresponding...
Oil prices weakened Thursday, with an uptick in COVID-19 infections and stricter curbs on economies around the world fuelling worries over weaker fuel demand, casting shadow...
The domestic storage capacity of Nigeria’s Liquefied Petroleum Gas (LPG) now stands at 69,698 metric tonnes (mt), after the completion of construction works at a new...
Naira depreciated further against the United States dollar on Wednesday on the black market, exchanging at N478 as the momentum of increasing demand from traders and...
The Nigerian Stock Exchange (NSE) has scaled the hurdle of obtaining members’ consent to list its own shares, bringing it close to consummating a corporate transformation...
The Nigerian Stock Exchange (NSE) found resilience on Wednesday after three straight trading days of loss as speculators renewed interest in major industrial and consumer goods...
Union Bank of Nigeria Plc has announced a slip in after-tax profit for the nine-month period to September 2020 as huge operating expenditure continued to hurt...
The Federation Accounts Allocation Committee (FAAC) on Wednesday shared the sum of N604.004 billion among the three tiers of government as revenue allocation for October. The...
Nigeria’s Manufacturing Purchasing Manager Index (PMI), which gauges the general direction of economic trends, conditions and developments in the manufacturing sector through purchasing managers’ eyes, rose...
Oil prices advanced further on Wednesday amidst optimism that the Organisation of the Petroleum Exporting Countries (OPEC) and allies will slow down a proposed hike in...
There were no key investment decisions taken on deepwater oil and gas exploration in the Nigerian energy industry between 2015 and 2019, much as opportunities for...
Africa’s biggest economy requires 19 million jobs every year to narrow its yawning unemployment gap, Doyin Salami, chair of the Presidential Economic Advisory Council (PEAC), said...
Sell-offs in big-cap stocks including Nestle and Dangote Cement and in consumer goods stock like Nigerian Breweries, Cadbury and International Breweries guided the Nigerian Stock Exchange...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday the Federation Account Allocation Committee (FAAC) disbursed a total sum of N2.054 trillion to the three...
Saudi Arabia’s Energy Minister, Abdelaziz bin Salman, said on Tuesday the major oil countries might have to adapt their current production strategy in the face of...
Oil prices drifted up on Tuesday amid hopes that the Organisation of the Petroleum Exporting Countries and allies will retain current output reduction for a minimum...
Consumer Warehouse Group (CWG) Plc has announced its profit for the nine-month period to September 2020 grew by 1,950% or N440.889 million, relative to the same...
The Nigerian government Monday affirmed that its new upward review of the retail price of gasoline was triggered by the progress recorded by New-York based pharmaceutical...
The Nigerian government is looking to establish a fund for the running of a bridge bank that is mandated to keep insolvent lenders from going under...
The Nigerian government said it would open the floodgate of petrol imports and provide the foreign exchange required for the purpose to marketers in the hope...
Lagos-based TY Holdings said on Monday it would acquire 249,746,823 ordinary shares of BOC Gas Nigeria Plc through a share purchase agreement. The deal will enable...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Monday the Coalition Against COVID-19 (Ca-COVID) would unveil its support for business owners...
Sell pressure on mid-cap stocks led by Nigerian Breweries, Dangote Sugar, Wapco, Flour Mills and Zenith Bank guided the Nigerian Stock Exchange (NSE) to further loss...
Nigerian inflation climbed for the 14th month in a row in October to 14.23%, its peak level in 30 months, driven by escalating food prices, the National...
JP Morgan Chase has vowed to expose bank officials involved in the approval of transfers summing up to $875 million to one-time Nigeria’s Minister of Petroleum...
Oil prices lifted higher on Monday, recovering some of the grounds lost at the Friday session, with the optimism that the Organisation of the Petroleum Exporting...
The Nigerian government Sunday said it now looked to lift the nation’s wheat production to 15,560 metric tonnes after obtaining wheat breads of varying yield abilities....
The Nigerian stock market was largely bullish last week, recording its biggest single day gain in over 5 years and a half, and appreciating N2.101 trillion, the...
Taking off from the previous week, Nigeria, again, recorded yet another significant momentum as it pushes towards becoming the tech-capital of Africa. Kuda Bank led on...
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 President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, said on Saturday the multilateral lender’s AAA rating by Moody’s Investors Service validated the strength...
The Nigerian government said it was set to take another $750 million loan facility from Washington-based World Bank to ramp up the economies of states and...
The Nigerian Stock Exchange (NSE) reported a humongous return this week, with an outpouring of funds from the fixed income market, where yields are currently low,...
The Nigerian National Petroleum Corporation (NNPC) said on Friday it would sell the Premium Motor Spirit (PMS) at N153.17 per litre for oil marketers using its...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Friday inflation rate in Nigeria was largely driven by the cost of transportation. The...
The Petroleum Products Marketing Company (PPMC) a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has hitched up the ex-depot price of Premium Motor Spirit (PMS)...
The Nigerian National Petroleum Corporation (NNPC) Thursday said it had teed off oil production at Anyala Field IN Oil Mining Leases 83/85 jointly held with oil...
Nigeria’s foreign exchange reserves plunged to a 12-week low of $35.63 billion on Wednesday, its lowest point since 21st August, when $35.607 billion was recorded, data gleaned...
Babatunde Fashola, the minister of works and housing, has said his ministry was indebted to 3,504 contractors executing housing projects countrywide to the tune of N69.91...
Vice President Yemi Osinbajo on Thursday called for more private sector investment in agriculture. Osinbajo, who made the call at the 2nd Agrowth Conference organised by...
The Nigerian Stock Exchange (NSE) posted its biggest daily gain in more than five and a half years on Thursday, triggering a circuit breaker on the...
A London High Court has ordered the suit litigation filed by the Nigerian government against United States Bank JP Morgan Chase over the bank’s role in...
Some members of the Monetary Policy Committee (MPC) of the Central Bank (CBN) have expressed worries regarding the impact of huge demand pressure on Nigeria’s foreign...
The Central Bank of Nigeria (CBN) would bear up to 50 per cent of the risk on loans availed to farmers under its Private Sector-led Accelerated Agriculture...
The Nigerian Stock Exchange (NSE) Wednesday sustained its positive momentum as market capitalisation upped by N324.627 billion and bellwether consumer goods stocks like Nigerian Breweries, Presco,...
Oil prices lifted further on Wednesday as the optimism that a vaccine, developed by Pfizer and BioNTech, will turn out 100 per cent effective in treating...
Nigeria’s organised private sector lost assets and investment worth N5 trillion to the arson and looting, resulting from the tension and turbulence that followed the #EndSARS...
Bravura Holdings Limited, with interest in oil and gas production and owned by Benedict Peters, has declared plans to take a chance at platinum mining by...
The Lagos Chamber of Commerce and Industry (LCCI) and Atedo Peterside, the founder of Stanbic IBTC Bank PLC, have faulted the Nigerian government’s exclusion of Dangote...
