Shares in Neimeth, Cadbury and GSK jumped on Tuesday by 10%, the maximum daily rise allowed by the Nigerian Stock Exchange (NSE), with the three topping...
Hedge fund firm, VR Capital Group has secured the nod of a United States’ district court to block Nigeria’s access to the internal documents required by...
The Nigerian government has given the Dangote Cement to restart cement exportation across the borders, boosting the optimism that West African nation could lift curbs on...
The Central Bank of Nigeria (CBN) on Tuesday responded to a suit filed by a Lagos-based lawyer, Chief Malcolm Omirhobo, at the Federal High Court, Lagos,...
The Nigerian Stock Exchange (NSE) Monday posted N641 billion in gains with, greater buy pressure from the current bull run raising hopes of market capitalisation hitting...
Oil prices lifted on Monday as benchmark Brent climbed past $40 per barrel, with Joe Biden’s triumph in the U.S presidential poll sharpening investors’ interest and...
Petroleum marketer, Conoil Plc, has declared its profit for the nine month period to September contracted by 35% relative to the same period of 2019, with...
The Nigerian bourse recorded a loss last Monday but posted gains Tuesday through Friday with the corporate actions of the week and some technical factors informing...
The exposure of the Asset Management Corporation of Nigeria (AMCON) to the central bank might balloon by as much as 75 per cent from N4 trillion...
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 an increasing push from foreign tech companies to expand frontiers and portfolios into Nigeria, there are strong indications that Nigeria is fast becoming a leading...
Trade activities continued to be boosted by the optimism of investors in the market condition of the Nigerian Stock Exchange (NSE) this week, with stocks appreciating...
The Nigerian Stock Exchange (NSE) sustained its gaining streak on Friday, helped by positive sentiments towards bank stocks and appreciation in large-cap stocks including Dangote Cement...
Oil prices slid below $40 per barrel on Friday as fresh lockdowns imposed in Europe to curb spiralling coronavirus cases spurred anxiety regarding crude demand outlook...
Financial services firm stand the chance of attracting $10 billion in earnings into the Nigerian economy through installation of blockchain technology, the Nigerian Information Technology Deployment...
More than 9.8 million Nigerians in 16 states and the Federal Capital Territory might be at risk of starvation as food insecurity worsens in the country,...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Thursday that the resurgence of the COVID-19 pandemic in Europe may affect the 2021...
The market capitalisation of the Nigerian Stock Exchange (NSE) posted a modest loss at Thursday’s trading, with low-cap stocks taking the biggest battering. A slide by...
The Minister of State for Petroleum Resources, Chief Timipre Silva, said on Thursday the Nigerian National Petroleum Corporation (NNPC) would soon resume oil exploration and drilling...
Oil prices slipped on Thursday as the chances of Joe Biden, the Democratic Party presidential candidate in the U.S., brightened in a nerve-racking race for the...
Naira weakened against the United States dollar on Wednesday at the parallel market, closing at N464, 0.23% lower than the N463 it exchanged for at the...
The Nigerian government will today (Thursday) complete the sale agreement process of state-owned Afam Power Plant to the Transcorp Power Consortium, a deal valued at N105...
Access Bank Plc has been alleged of illegally barring access to an account used for the promotion of the media coverage of the #EndSARS protests and...
The equity segment of the Nigerian Stock Exchange (NSE) recorded marginal appreciation on Wednesday amidst liquidity concerns that saw trade volume fall by 14.8% over the...
Oil prices climbed by around 3% on Wednesday following U.S. President Donald Trump’s false claim to electoral victory in a keen race at a time millions...
The Accident Investigation Bureau (AIB) Tuesday issued the inquiry report of the Chanchangi plane crash, more than 12 years after an aircraft in the fleet of...
The Nigerian government has provided funds to power distribution companies (Discos) towards the nationwide roll-out of metres to electricity customers. Ernest Mupwaya, managing director of Abuja...
Nigeria will borrow $1.2 billion from Brazil to fund various agricultural schemes next year, Minister of Finance, Budget and National Planning Zainab Ahmed told the House...
An explosion at a production facility in Oil Mining Lease (OML) 40, in which Elcrest Exploration and Production Nigeria Limited – a partner of the Nigerian...
The equity section of the Nigerian Stock Exchange (NSE) rallied on Tuesday, reversing the loss posted at the last trading session as industrial goods stocks led...
Employees holding a dispute over pay matters picketed the site of Dangote Refinery on Tuesday with police present days after large-scale demonstrations happened across Nigeria in...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Tuesday Nigeria’s total public debts would hit N38trillion by December next year. Ahmed, who...
Oil prices extended their rebound on United States Election Day in the midst of recovery in financial markets on Tuesday even though fears over increasing coronavirus...
Nigeria’s diaspora remittances could fall by $2 billion or 8.4% to $21.7 billion in 2020 relative to the $23.8 billion recorded in 2019, the World Bank...
The Nigerian government, through the Rural Electrification Agency (REA), has inked a deal with two mini-grid developers under the Mini-Grid Performance-Based Grant (PBG) to electrify 4...
The Nigerian Communications Commission (NCC) on Monday said it had given the go-ahead for two Mobile Network Operators (MNOs), MTN Nigeria and 9Mobile to carry out...
The National Bureau of Statistics (NBS) said on Monday Nigeria generated a total sum of N424.71billion as Value Added Tax (VAT) in the third quarter of...
The equity segment of the Nigerian Stock Exchange (NSE) had its several days bull run halted on Monday, with investors profit-taking efforts costing the market N26.814...
PayPal shocked the world of finance with what Mike Novogratz called “the shot heard ’round the world on Wall Street” by announcing that it would offer...
Oil prices declined on Monday over concerns that widening coronavirus lockdowns in Europe would hurt fuel demand and amidst worries about turbulence over this week’s presidential...
The Nigerian power industry recorded a generation capacity loss of N243 billion between January and October 2020, figures from the October 2020 electricity generation statistics issued...
The Nigerian bourse posted gains in all its trading sessions last week as cumulative gains came to about a trillion naira, the corporate actions, developments and...
Beneficiaries of the Nigerian government’s N75 billion youth entrepreneurial support fund will be able to access between N250,000 to N5 million each, Minister of Finance, Budget...
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 business activities, while...
The Transmission Company of Nigeria (TCN) said on Saturday the nation’s power sector had recorded another national peak generation of 5,520.40MW. The General Manager of Public...
The week that ended October is yet another noteworthy week. Not necessarily because it saw the expansion of some major Nigerian startups, but for featuring wins...
Johannesburg-headquartered telco, MTN Group, Friday said it had divested its 18.9% stake in loss-making Jumia, one of the biggest e-commerce platforms on the continent, raking in...
Consumers’ overall outlook on the Nigerian economy was bleak in the third quarter, as they were pessimistic in their outlook, the Central Bank of Nigeria (CBN)’s...
The Nigerian Stock Exchange (NSE) recorded the biggest single week gain so far this year this week, with nearly N1 trillion added to the market capitalisation...
The market value of companies on the Nigerian Stock Exchange (NSE) hit its highest level in 16 months on Friday, helped by positive sentiments boosted by...
