Exxon Mobil has announced it might reduce its workforce by 15% worldwide, including profound white-collar staff cuts in the U.S. as the coronavirus pandemic weakens oil...
Oil prices slipped in and out of negative territory on Friday but remained on track for a second monthly drop as increasing coronavirus cases in Europe...
Nigerian Breweries Plc Thursday said it would pay its shareholders an interim dividend of N0.25 on every unit of common stock held by its shareholders. This...
Africa’s richest man, Aliko Dangote, has delayed plans to sell shares in his cement maker on the London Stock Exchange and will instead concentrate on expanding...
Rice millers under the aegis of Rice Millers Association of Nigeria (RIMAN), have cried out over the looting of its plants in parts of the country...
Free distribution of electricity metres will start on Friday with the unveiling of the scheme in Kaduna, Kano, Ikeja and Eko electricity distribution companies franchise areas....
Transmission Company of Nigeria (TCN) said on Thursday the country’s power sector recorded an all-time national peak of 5,459.50MW. The TCN General Manager, Public Affairs, Ms....
The profit of MTN Nigeria for the 9 month period to September 2020 declined by 3.3% to N144.239 billion compared to the same period of 2019,...
The Asset Management Corporation of Nigeria (AMCON) has said it is in negotiation with the Pan Ocean Group with a view to resolving the energy firm’s...
Nigerian states will get $2 million each from the World Bank in grant to help them update their property records provided they succeed in capturing at...
The Electricity Distribution Companies (DisCos) have been accused of defrauding Nigerians with impunity. The House of Representatives levelled the allegation on Wednesday and urged the Minister...
The Central Bank of Nigeria (CBN) has issued guidelines for NIRSAL Microfinance Bank to begin the disbursement of the N75 billion Youth Investment Fund. The apex...
The Minister of Power, Saleh Mamman, said on Wednesday Nigeria’s installed power generation capacity had increased from 8,000MW to 13,000MW in the last five years. Mamman...
The Nigerian stock market hit reached its highest level since January on Wednesday as the massive rush to purchase heavyweight stocks led by Nestle, Total, Dangote...
The United States consulate general on Tuesday announced a call for applications for the 2020 Academy for Women Entrepreneurs, an initiative of the U.S. government that...
Oil prices slipped by nearly 3% on Wednesday, wiping out most of the previous session’s gains as a build in the U.S crude stocks and rising...
Telecommunications and mobile money services provider, Airtel Africa Plc, Wednesday said it would pay its shareholders an interim dividend of $1.5c (one and five cents of...
Nigeria received the sum of $26.94 billion as development assistance funds from international donors from 2015 to 2020, Minister of State for Budget and National Planning...
Nigeria’s manufacturing sector shrank for the sixth straight month in October, the Central Bank of Nigeria (CBN)’s Purchasing Managers Index Survey Report showed on Tuesday. Manufacturing...
The bull run in the equity section of the Nigerian Stock Exchange (NSE) continued on Tuesday as the market added N105.758 billion on the back of...
Oil prices advanced towards $41 a barrel on Tuesday as energy companies closed down some U.S. Gulf of Mexico oil production due to a hurricane, even...
The Nigerian government will install one million electricity metres by the end of 2020, Minister of Power, Sale Mamman said on Monday. Mamman, who made the...
Chemical and Allied Products (CAP) Plc and Portland Paints & Products Nigeria Plc, both of them subsidiaries of UAC of Nigeria Plc (UACN) are on track...
The Lagos Chamber of Commerce and Industry (LCCI) is pressing for the intervention and support of governments at national and sub-national levels as well as commercial...
The Senate Committee on Power Monday reacted furiously to a statement by Minister of Power Mamman Saleh that the $5.8 billion Mambilla Power Project had not...
The market capitalisation of the Nigerian Stock Exchange (NSE) crossed the N15 trillion mark on Monday as stocks value went up by N42.285 billion. Heavy buy...
MTN Nigeria Communications Limited Monday announced the appointment of Karl Toriola as its Chief Executive Officer designate. His appointment will take effect from 1st March next...
Oil prices dipped by more than 2% on Monday, extending last week’s losses as surging COVID-19 cases in the U.S and Europe worsened worries about oil...
The Nigerian government is synergising with the United Nations Industrial Development Organisation (UNIDO) and the Miners Association of Nigeria in a move to stimulate the production...
The Nigerian government is mulling supplying electricity to Chad, its West African neighbour, after a recent request by the country. The Transmission Company of Nigeria (TCN)...
The Nigerian Stock Exchange added N19.655 billion last week, with the corporate actions during the week together with other technical factors informing Ripples Nigeria Stocks Watchlist. We have...
The Economic and Financial Crimes Commission, (EFCC) has been asked to probe the Central Bank of Nigeria (CBN) over concession allegedly granted a private company for...
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 Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Saturday the Federal Government has created a N25billion youth empowerment fund in a bid...
Taking off from the previous week, we saw another week that increased the portfolio on investments in Nigeria, featuring new partnership deal sealed between a UK-based...
The equity section of the Nigerian Stock Exchange (NSE) recorded a modest appreciation this week, edging up by N19.655 billion in spite of the anti-police brutality...
The equity section of the Nigerian Stock Exchange (NSE) extended its gains with N69.617 billion on Friday, supported by appreciation in the stocks of Nascon, Dangote...
Oil prices on Friday clung to gains recorded at the last session, following Russian President Vladimir Putin’s indication that he would be prepared to prolong record...
Dangote Tomato Processing Company has requested the Nigerian government to place a ban on importation of tomato paste into the country. Its managing director, Abdulkarim Kaita,...
The total currency in circulation rose to N2.426 trillion in September, 2.4% or N56.44 trillion higher than the N2.369 trillion recorded in August, figures obtained from...
The Nigerian government’s indebtedness to construction companies handling 711 road projects in Nigeria now stands at N392 billion, Minister of Works and Housing Babatunde Fashola said...
Indigenous carriers – Arik Air, Air Peace and Azman Air – have called off flights for their Lagos-bound passengers after Lagos State Governor Babajide Sanwo-Olu declared...
Contracts of below N5 billion will no longer be awarded to foreign companies in Nigeria, the Nigerian government said on Tuesday. The decision is in furtherance...
Oil prices dipped on Tuesday amid concerns that a resurgence of COVID-19 infections around the world is impeding fuel demand recovery just as rising Libyan supply...
The Central Bank of Nigeria (CBN) Monday charged banks and financial institutions to upgrade their alert procedures in their anti-money laundering and combating the financing of...
The equity section of the Nigerian Stock Exchange (NSE) closed flat on Monday, the third time it would do so in seven days. Bank stocks including...
Oil prices slid on Monday after China’s third-quarter economic growth did not rise as much as expected, underlining worries that rising coronavirus infections around the world...
The liabilities of the Nigerian National Petroleum Corporation (NNPC) as a group outweighed the value of its assets by N4.4 trillion in 2019, the recently issued audited...
The Nigerian bourse last week recorded gains on Tuesday, Wednesday and Friday but posted losses at the Monday and Thursday sessions, with the corporate actions and...
The Nigerian Labour Congress (NLC) has disapproved of the proposed concession of four of Nigeria’s major airports in a letter to President Muhammadu Buhari. The letter...
