Power generation in Nigeria received a boost on Sunday, lifted by an elevation of 979 megawatts (mw) in the total generated power to 4,312.1mw as 16...
In the week that just went by, the Nigerian bourse posted gains Monday through Friday, with the corporate actions of the week and some technical factors...
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 Nigerian Stock Market (NSE) posted modest gains on Monday and Tuesday, the same day the Central Bank of Nigeria (CBN), in a move that upset...
The Nigerian Stock Exchange (NSE) sustained its bull run Friday, helped by blue-chip gains driven by Nigerian Breweries, Presco, Dangote Cement, Stanbic and Flour Mills. The...
Oil prices climbed on Friday but were on course for a weekly drop by reason of rising fears about the impact of a sweeping re-emergence of...
Portfolio investment in Nigeria, which aggregates the value of assets like bonds, stocks and cash equivalents held by domestic and international investors, plunged to a new...
Ballooning debt portfolio, a penchant for committing funds to expenditures that are not capable of delivering utilitarian value and absence of a shrewd fiscal planning have...
Fuel marketers might be driven to adopt job cuts as a cost-saving measure to buffer more than N320 billion loss resulting from government-imposed product prices as...
The equity section of the Nigerian Stock Exchange (NSE) advanced further on Thursday with market capitalisation rising by N106.720 billion on the back of buy pressure...
Construction company, Julius Berger Nigeria, known for building a number of arteries, highways and thoroughfares in the country said it would foray into agro-processing, citing “the emerging...
Refinery outages in Nigeria and other African countries are projected to ramp up gasoline demand and in turn brighten Asian and European markets’ chances of earning...
Cement-manufacturing giant, Dangote Cement Plc, Wednesday said its dividend payment to shareholders, has exceeded N1 trillion in seven years. Gillaume Moyen, the Group Chief Financial Officer...
Nigeria’s Purchasing Manager Index (PMI), which measures the economic health and the prevailing direction of the manufacturing and service sectors from the opinions and views of...
For the second straight day running, the Nigerian stock market recorded gain on Wednesday as the volume of equities put up for sale, particularly bellwether stock,...
President Buhari may have endorsed the Petroleum Industry Bill (PIB), which seeks to reform the Nigerian oil and gas industry through liberalisation of its operations and...
Oil prices lifted on Wednesday following a report showing U.S. fuel stocks fell, much as a build in oil output and a swelling in coronavirus cases,...
The Central Bank of Nigeria (CBN) will henceforth bear the loss burden of farmers in its Anchor Borrowers Programme by 50%, as food crisis escalates in...
Banks’ lending to various economic sectors leapt by N3.77 trillion or 24.2% to N19.33 trillion in the fifteen months to August 2020, the Central Bank of...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, on Tuesday, urged the National Assembly to fast-track the passage of the Petroleum...
The Central Bank of Nigeria (CBN), rising from its Monetary Policy Committee (MPC) session Tuesday afternoon, lowered its lending rate to banks by 100 basis points...
Oil prices lifted on Tuesday, scaling down steep overnight depreciation, as the latest tropical storm in the Gulf of Mexico lost intensity, even though concerns over...
The Nigerian government took receipt of remittances topping N1.8 trillion in the last 12 years as operating surplus from Ministries, Departments and Agencies into its Consolidated...
It is probable that fuel scarcity will emerge in the country soon, as the Nigerian Association of Road Transport Owners (NARTO) have directed truck drivers to...
The equity segment of the Nigerian Stock Exchange (NSE) inched up by N929.414 million or 0.01% on Monday, substantially close to flat trade, with buy pressure...
The Minister of Mines and Steel Development, Olamilekan Adegbite, said on Monday solid minerals sector has the potential to drive Nigeria’s quest for industrialization. Adegbite, who...
The Petroleum Products Pricing Regulatory Agency (PPPRA) said on Monday the Federal Government had spent a total of N8.94 trillion on oil subsidy in the last...
Nigeria’s crude oil earnings dived by 74.89% in July to $55.29 million, data from the Nigerian National Corporation (NNPC) on the Nigerian government’s export lifting shows....
Oil prices depressed on Monday, hurt by a potential restart of Libyan production just as surging COVID-19 cases set nerves on edge regarding world’s crude demand...
Seventy-eight companies are now in contention for the upgrade of Nigeria’s downstream pipelines and related depot and terminal assets after completing their expression of interest through...
Nigeria’s dollar reserves edged up by $140.90 million or 0.40% between 1st and 17th September, data from the central bank’s website showed on Monday. The current...
Last Week, the Nigerian bourse posted gains on Monday, Wednesday and Friday but reported losses on Tuesday and Thursday, with the development and other fundamental factors...
The readiness to bring fresh dimensions in data analytics, artificial intelligence, cybersecurity, forensics and even fraud management as well as regulatory pronouncements into the auditing process...
The registration for government’s N75 billion Micro, Small and Medium Enterprises (MSMEs) Survival Fund and Guaranteed Off-take programmes would tee off on Monday, Mariam Katagum, Minister...
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...
Investors in the oil and gas industry are being driven by the recent deregulation of premium motor spirit to establish modular refineries alongside seven refineries already...
The Nigerian bourse closed the week with bigger gain, with the equity section racking up N13.609 billion even though the size of trade was lower week...
The equity segment of the Nigerian Stock Exchange (NSE) closed Friday session on an upbeat note as market capitalisation swelled by N21 billion, reversing Thursday’s loss....
The Federal Government, states, and local government councils had shared N682 billion as revenue allocation for the month of August. The Permanent Secretary, Ministry of Finance,...
Oil prices lifted on Friday, heading for an almost 9% weekly gain following Saudi Arabia’s move to talk allies into complying with production quotas and banks...
The Nigerian government has reversed a directive requiring all bank account holders in the country to undertake a self-certification exercise by completing forms for due diligence...
Activities at Opukushi, Tunu and Clough Creek Flow-stations operated by the Shell Petroleum and Development Company of Nigeria (SPDC) Thursday, was disrupted by the youths of...
Transcorp Hilton Hotels has declared its plan to reduce its staff strength by 40% in order to sustain the continuity of its operations and survive the...
The Nigerian National Petroleum Corporation (NNPC) Thursday announced an 858% leap in its trade surplus from N2.12 billion in June to N20.36 billion in July, citing...
The Department of Petroleum Resources (DPR) has declared that it generated about N742.472 billion in revenue in the 8-month period from January to August, the government...
The construction of the Port Harcourt-Maiduguri axis of the eastern rail line would commence after the Lagos-Ibadan rail project is delivered in December, the Nigerian government...
The equity segment of the Nigerian Stock Exchange (NSE) shed N9.181 billion on Thursday as huge sell-offs in bank stocks weighed on market performance, causing trade...
The Federal Government on Thursday directed all bank account holders in the country to undergo a “self-certification” process. In the directive issued via federal government’s official...
Landlords with outstanding bills cannot transfer the payment obligation to tenants just renting their properties, the Nigerian Electricity Regulatory Commission (NERC) said Tuesday. The NERC made...
Electricity customers will henceforth cease to make one-off payment for meters but rather will pay for them via periodic tariff costs, the Nigerian Electricity Regulatory Commission...
