The Central Bank of Nigeria (CBN) Tuesday issued a rejoinder to a recent press release by the Nigerian Economic Summit Group (NESG), attacking some of the...
The total debt of the Nigerian government (not including states and the Federal Capital Territory) came to N24.52 trillion at the end of March, the Central...
The equity segment of the Nigerian Stock Exchange (NSE), for the second day running, ended the trading session in the negative territory as investors’ willingness to...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Tuesday the three tiers of government and other statutory recipients received N3.879trillion from the Federation Accounts Allocation...
Naira declined to N445 to the United States dollar on the black market on Monday, the same day Bureaux De Change (BDCs) resumed operations following sales...
Secured loans to households increased in the second quarter of this year, the Central Bank of Nigeria (CBN) said in its ‘Credit Conditions Survey’ report posted...
The Nigeria Customs Service (NCS) has issued a 30-day notice to importers to clear goods in 164 containers abandoned at ports or forfeit them to the...
The total revenue yet to be remitted by Ministries, Departments and Agencies (MDAs) to the Consolidated Revenue Funds of the Nigerian government currently stands at N1.2...
The Nigerian government on Monday revealed it chose Germany’s Siemens AG for the country’s power sector revamp and upgrade of its grid capacity to 25,000 megawatts...
The bull run in the equity section of the Nigerian Stock Exchange (NSE) ended on Monday as profit-taking activities in some blue-chip stocks caused trade to...
Oil prices fell by more than 1% on Monday after touching their lowest points since July as Saudi Arabia made the most profound monthly price cuts...
Power generation in the country fell on Sunday as four more power plants shut down within two days, bringing the total number of idle plants to...
In the week that just went by, the Nigerian bourse recorded gains Monday through Friday as investors’ passion to own more stocks heightened, with the corporate...
The restart of foreign exchange sales by the Central Bank of Nigeria (CBN) to Bureaux De Change (BDCs) on Monday is anticipated to strengthen the naira...
The Asset Management Corporation of Nigeria (AMCON) Sunday declared it had sequestered the assets of Hydro Hotels Limited and those of its chief promoter in respect...
A group of western investors has unveiled a blueprint to invest over $5 billion in the Nigerian power industry, the Nigerian government has said. Information gathered...
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...
Bank accounts belonging to Premier Lotto, owned by Chief Adebutu Kensington, popularly called ‘Baba Ijebu’, have been ordered frozen by the Central Bank of Nigeria (CBN)...
The first week of September left us with striking memories to last a lifetime -being one that saw how Elon Musk, Tesla’s chief, on the international...
The equity section of the Nigerian Stock Exchange (NSE) recorded gains Monday through Friday as liquidity improved dramatically, backed by over 106% increase in volume of...
The Central Bank of Nigeria (CBN) has fixed the upper limit an obligor can access under its N250 billion gas intervention fund at N10 billion. It...
The equity section of the Nigerian Stock Exchange (NSE) recorded its fifth straight gain on Friday, advancing by N49 billion, which culminated in a weekly gain...
The Executive Vice-Chairman of the Nigerian Communications Commission (NCC), Prof Umar Danbatta, said on Friday the commission had remitted N362.34 billion into the Federal Government’s Consolidated...
Oil held above $44 per barrel on Friday and was on track for its biggest weekly fall since June as low demand figures complicated fears over...
President Muhammadu Buhari has approved the release of 5,000 metric tons of maize from the National Strategic Grains Reserve to support the Poultry Association of Nigeria...
The Nigerian Customs Service (NCS) has confirmed that four firms have been issued emergency approval by the Central Bank of Nigeria (CBN) to import 262,000 tons...
Pension Fund Administrators (PFAs) that refuse to approve annuity for retirees who collect pensions through them under the Programmed Withdrawal will henceforth be penalised, the National...
The Nigerian National Petroleum Corporation (NNPC) Thursday night declared it had secured a prepayment funding of around $1 billion to boost the upstream operations of its...
The Nigerian bourse closed Thursday’s trade on a positive note, advancing by N26.621 billion and sustaining the current bull run. Gains garnered by the likes of...
Oil prices fell further on Thursday, dropping by 2% to their lowest points since early August, as anxieties about weaker U.S. gasoline demand and a...
Guaranty Trust Bank (GTB) Wednesday said its half-year 2020 profit stood at N94.271 billion, 5% weaker than the figure it reported in the same period of last...
Dutch brewing company, Heineken N.V., has upped its majority stake in Nigerian Breweries Plc, Nigeria’s biggest brewer. As of 30th June 2020, according to Nigerian Breweries half-year...
The naira continued its rally against the United States dollar on Wednesday, exchanging at N420 per dollar as the central bank’s interventions in the currency market...
Nigeria is nursing the hope of having 50 mines in operation by 2023 and can make up for lost time because of the weight of the...
The Central Bank of Nigeria (CBN) sold foreign exchange worth $50 million on the spot and forward markets in what the regulator called a test trade...
Nigerian government’s borrowings derive from perennial budget deficits, the debt office said on Wednesday. Patience Oniha, the Director-General of the Debt Management Office (DMO) made the...
The Nigerian bourse posted further gain on Wednesday with market capitalisation rising by N23.892 billion on the back of buy pressure particularly in the shares of...
Oil climbed to $46 per barrel on Wednesday, advancing for a third day, backed by a report that U.S. crude stockpiles fell and as surveys reflecting...
United Bank for Africa (UBA) Tuesday announced its profit for half-year 2020 crumbled by 21.7% compared to the same period of 2019. According to its Interim...
Nigeria’s total trade value plunged by 27.30% in the second quarter of this year, compared to the first quarter, and by 27.46% when set beside the...
The pump price of gasoline should be about N155 per litre, the Chairman of the Major Oil Marketers Association of Nigeria, Adetunji Oyebanji said on Tuesday....
The equity section of the Nigerian Stock Exchange (NSE) sustained its bull run on Tuesday, adding N45.296 billion on the back of gains in some bank...
The Nigerian Stock Exchange (NSE) has barred six quoted companies — Medview Airlines Plc, FTN Cocoa Plc, Union Dicon Salt Plc, Niger Insurance Plc, Capital Oil...
South Africa’s Shoprite Checkers (PTY) Limited Tuesday filed an application requesting the discharge of the mareva injunction preventing it from transferring its assets. Funke Adekoya (SAN),...
The Nigerian Electricity Regulatory Commission (NERC) has approved the implementation of the new electricity tariff effective from September 1 (today). The NERC announced the hike in...
Nigeria’s Akinwunmi Adesina was Tuesday sworn into office for a second term as the eighth President of African Development Bank (AfDB), following his re-election last week. The ceremony,...
Naira appreciated substantially on the parallel market on Tuesday, rising by 9.65% to N435 against the United States dollar, traders said, citing the Central Bank of...
BUA Group has sealed a pact with France’s largest hydrocarbons group, Axens, for a multi-billion dollar refinery, with the capacity to refine 200,000 barrels per day (bpd),...
Nigeria intends to become a net exporter of gasoline and other petroleum products by 2022 as oil refinery projects spring up around the country, the Department...
Dangote Cement Plc has launched its Series 17 and 18 commercial paper in an effort to raise N50 billion under its N150 billion CP Issuance Programme....
