The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the Nigerian economy fared better than analysts’ projections for the second quarter of 2020....
The Central Bank of Nigeria (CBN) has requested banks to hand in key transaction information including domiciliary account statements and Bank Verification Numbers of 12 high-ranking...
Nigeria and other African countries might incur losses of between $7 billion and $15 billion annually as devastation from climate change worsens across the continent, the...
The equity segment of the Nigerian Stock Exchange (NSE) recorded loss for the second day on Wednesday as profit-taking continued among speculators, bringing the total market...
The Nigerian government has issued contractors handling the Lagos-Ibadan rail project an ultimatum to deliver the project by year end. “I’ve tasked the contractors on the...
The weight of the coronavirus crisis on air travel might cost the Nigerian and other African economies 3.5 million aviation jobs, triggering a contraction of continental Gross...
Oil extended gains on Wednesday, advancing by over 2%, as a hurricane halted offshore operations in the United States oil and gas sector and an industry...
Nigeria will join other West African countries to establish a maritime development bank focused on transformation and expansion in the region in a bid to raise...
The Nigerian government has issued the modalities for the deployment of a solar mini-grid in the power industry. Goddy Jedy-Egba, the Minister of State for Power,...
The Central Bank of Nigeria (CBN) on Tuesday announced a N200 billion family home financing initiative in support of the Nigerian government’s quest for providing 300,000...
The Central Bank of Nigeria (CBN) said it had so far disbursed funds in the neighbourhood of N369 billion to manufacturers, small and medium scale enterprises,...
Trade in the equity segment of the Nigerian Stock Exchange (NSE) ended in the red on Tuesday, the first time in four days, with major bank...
Banks have to grow the share of their credit to the agricultural sector by more than twice its current size to make it up to one...
Oil prices drifted a little higher on Tuesday but projections of a more sluggish than expected recovery in world fuel demand due to the coronavirus pandemic...
Naira depreciated by 1.09% to N460 on the parallel market on Monday, days after President Muhammadu Buhari ordered the Central Bank of Nigeria (CBN) to halt...
Nigeria’s Consumer Price Index, which measures the average change over time in prices of goods and services consumed in everyday living, climbed to 13.22% in August....
Nigeria’s crude oil production went up by 9% to 1.353 million barrels per day (bpd) in August relative to 1.361 million bpd in July, data from...
The Asset Management Company of Nigeria (AMCON) said it had sequestered assets belonging to Frank Ezuma and Lillian Ezuma, both promoters of Gedee Zulu Investment Limited...
The equity section of the Nigerian Stock Exchange (NSE) continued its bull run Monday, backed by gains recorded by blue-chip industrial stocks including CAP, Dangote Cement...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Monday Nigeria’s revenue had dropped by about 65 percent. The minister, who disclosed this...
The Securities and Exchange Commission (SEC) Monday said it would henceforth regulate crypto-token or crypto-coin investments, while classifying them as securities. In a statement posted on...
Dangote refinery may not reduce the price of petrol significantly when it begins operations as it will be selling the product at the international price, Minister...
Workers in the aviation sector in Monday shut down all operations of Arik Air, and preventing the airline’s planes from flying. The aviation workers under the...
Oil prices climbed on Monday as a tropical storm in the Gulf of Mexico prompted rigs to halt production even though wider concerns regarding excess supply...
Last week, the Nigerian bourse racked up losses Monday through Wednesday but rallied on Thursday and extended gain on Friday, with the corporate actions and developments...
The Nigerian National Petroleum Corporation (NNPC) said it would support the current initiatives of the Federal Ministry of Petroleum Resources aimed at offering alternate energy source...
The Central Bank of Nigeria (CBN) must ramp up actions to reduce pressure on the currency market to meet ballooning demand for hard currency in Nigeria,...
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...
Recent tech drift in Nigeria speaks volumes of how indigenous Nigerian companies seem geared up to embrace the future. Around tech, we see a significant number...
The Nigerian government said it planned to commit around $2.3 billion to raising the nation’s power generation capacity to 7,000 megawatts (mw) in the first phase...
Petrol imports to Nigeria from refiners in Northwest Europe (NWE) are expected to crumble at rates not seen by the country for quite a while as...
The Nigerian Electricity Regulatory Commission (NERC) on Friday directed the electricity Distribution Companies (DisCos) not to increase tariffs of customers enjoying less than 12 hours of...
The equity section of the Nigerian Stock Exchange (NSE) extended its gain on Friday, adding N37.027 billion on the back of gains in some bank stocks...
Oil prices slid for a second day on Friday, as a shock build in the United States crude inventories hurt already weakened sentiment, with the coronavirus...
The Chief Executive Officer of the Nigerian Stock Exchange (NSE), Oscar Onyema, Thursday advised the Nigerian government to give top priority to the listing of the...
Bakers in the country Thursday announced possibility of increasing the prices of bread on account of rising costs of sugar, flour, fuel and electricity. The declaration...
Manufacturers in Nigeria say 38% of their operating costs goes to generating alternative electricity just as their stockpile of unsold goods rocketed to a historic high...
The Nigerian government Thursday kicked off two programmes to support around 1.7 million Micro, Small and Medium Enterprises (MSMEs) across the country with N75 billion. Mariam...
President Muhammadu Buhari Thursday ordered the Central Bank of Nigeria (CBN) to call off issuance of foreign exchange for food and fertiliser imports, according to a...
The equity segment of the Nigerian Stock Exchange (NSE) rallied on Thursday after three days of consecutive losses with a N50.115 billion appreciation. Gains recorded by...
Naira fell against the United States’ dollar on the parallel market on Wednesday, closing at N445, according to data from abokiFX, which collates rates from informal...
Transactions carried out by Nigerians via electronic payment channels totalled N263.78 trillion between April and June this year, the National Bureau of Statistics (NBS) said on...
The equity section of the Nigerian Stock Exchange (NSE) ended Wednesday’s trade in the negative territory as profit-taking efforts intensified, with investors dumping big volumes of...
The Nigerian National Petroleum Corporation (NNPC) Wednesday night announced vast oil find in the Benue Trough, a geological structure spanning about 1,000 kilometres northeast from the...
Nigeria will sell its majority shareholding and forfeit its controlling stake in all its four comatose oil refineries if the ongoing negotiation talks succeed, the Group...
The Nigerian government has requested a court sitting in Milan, Italy to order oil supermajors, Shell and Eni, to pay the sum of $1.092 billion as...
There are fresh doubts over the federal government’s claim of full deregulation of the downstream segment of the petroleum industry with the latest admission by the...
The Debt Management Office on Wednesday put the country’s total debt at N31 trillion. The figure, according to the DMO, was an increase of N2.38trillion over...
The inflow of foreign exchange into Nigeria shrank by 43.2% to $5.52 billion in May as Africa’s biggest economy took a battering from a record crash...
About 30% of petrol product meant for local consumption is smuggled out of Nigeria on a daily basis to neighbouring countries, where fuel subsidy is not...
