Oil prices advanced on Tuesday, neutralising overnight losses, as investors moved into risk assets and kept a distance from the safe-haven United States dollar, which touched...
Naira appreciated against the United States Dollar on the parallel market on Monday, having stagnated at N477 against the greenback for some days. The local currency...
Nigeria’s annual spending on importation of metals currently stands at $3.3 billion, the Minister of Mines and Steel Development. Olamilekan Adegbite, disclosed on Monday. He made...
The Nigerian government has upped share capital of the Agricultural Credit Guarantee Scheme Fund (ACGSF) from N3 billion to N50 billion, the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) has directed deposit money banks to review the interest payable on savings deposits downward to a minimum of 10 per...
The equity segment of the Nigerian Stock Exchange (NSE) sustained its positive momentum on Monday as it rose by N9.263 billion, driven by some Oil &...
The Nigerian National Petroleum Corporation (NNPC) posted a N5.34 billion ($14 million) cost for fuel in June, months after it changed its pricing method in order...
Oil prices climbed on Monday, with Brent crude hitting its five-month high, underpinned by global stimulus measures and a 30% cut in Abu Dhabi’s crude supplies...
The Nigerian bourse posted gains Monday, Tuesday, Wednesday and Friday but recorded a loss on Thursday, with the corporate actions, developments and some technical factors during...
Nigeria’s foreign reserves increased by $70 million from $35.59 billion to $35.66 billion in the one week period between 20th and 27th August, data from the...
The total assets of the Asset Management Company of Nigeria (AMCON) currently stand at N136.73 billion, its Managing Director/Chief Executive Officer, Ahmed Kuru, said on Sunday....
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
The equity section of the Nigerian Stock Exchange (NSE) posted gains on Monday, Tuesday, Wednesday and Friday but recorded a loss on Thursday day, resulting in...
The naira depreciated by 1.3% against the United States dollar on the official market on Friday, one day after the Central Bank of Nigeria (CBN) announced...
The Pension Transitional Arrangement Directorate (PTAD) said it would expunge 21,227 unverified parastatal pensioners currently on the directorate’s payroll and who had not shown up for...
The equity segment of the Nigerian Stock Exchange rallied on Wednesday as buy pressure on blue-chip stocks led by CAP, GTB and Access Bank drove recovery....
The total value of inflow of foreign capital into the Nigerian economy in the second quarter of this year crumbled by 77.88% relative to the first...
The Central Bank of Nigeria (CBN) has barred parent companies or any other associated entities of Payment Service Banks (PSBs) from providing preferential treatment, which nullifies...
The Central Bank of Nigeria (CBN) is trying to compel non-oil exporters to process dollar proceeds through local lenders to improve dollar liquidity and shore up...
The seven-day bull run on the equity segment of the Nigerian Stock Exchange (NSE) ended on Thursday after investors took profit in some blue-chip industrial and...
The Director-General of the Budget Office, Ben Akabueze, said on Thursday Nigeria may slip into another recession in the third quarter due to ravaging effects of...
The Central Bank of Nigeria (CBN) will restart sales of foreign exchange to bureau de change on 31st August ahead of resumption of international flights, according to...
Nigerian refineries processed nearly no crude in 13 months, the latest data published by the Nigerian National Petroleum Corporation (NNPC) showed on Thursday. Within that time,...
Oil prices were broadly steady on Thursday as a sweeping hurricane in the Gulf of Mexico made a landfall in the heart of the U.S. oil...
Nearly 84% of chief executives in Nigeria believe that the outlook for the real estate sector, particularly for companies involved in the business of office rentals,...
Nigeria’s manufacturing Purchasing Manger Index (PMI), which measures the general direction of economic trends in the manufacturing sector of the economy, stood at 48.5 index points...
The Bureau of Public Enterprises (BPE) on Wednesday declared that the current reform of the Nigerian Postal Service (NIPOST) will not induce job loss in the...
President Muhammadu Buhari has ordered the players in the power sector to carry out mass metering of unmetered customers nationwide. The Nigerian Electricity Regulatory Commission (NERC)...
The bull run of the Nigerian bourse continued on Wednesday as the market capitalisation appreciated by N20.016 billion. Gains in blue-chip stocks like Stanbic, NNFM and...
To cushion the effects of the COVID-19 pandemic, the Federal Government has approved a ₦10 billion palliative for road transport operators and workers throughout the country....
The Federal Airports Authority of Nigeria (FAAN) has said it lost N17.5 billion of aeronautic charges in 23 weeks and incurred N1.4 billion loss of non-aeronautic...
Oil prices climbed towards $46 a barrel on Wednesday, approaching the highest level since March, lifted by U.S. producers shutting most of their offshore Gulf of...
The Central Bank of Nigeria (CBN) has ordered deposit money banks to ensure that electricity distribution companies (Discos) pay for the consumed power they were provided...
The Nigerian government has so far obtained funding in the sum of $6.15 billion (around N2.37 trillion) for the power industry and is currently reforming the...
The Central Bank of Nigeria (CBN) and the Bankers’ Committee, which is made up of the chief executives of Nigerian banks and the directors of different...
The Central Bank of Nigeria (CBN), together with the Bankers’ Committee, said it would impose sanctions on exporters who refused to repatriate forex proceeds from their...
The Nigerian stock market added N32.66 billion on Tuesday, with NEM, Wapic and Japaul leading gainers. The Insurance Index topped the sectorial indices, adding 1.62% to...
Oil prices were mixed on Tuesday as traders weighed enormous output cuts in the U.S. Gulf Coast from Tropical Storms Marco and Laura against surging coronavirus...
Nigeria’s Federation Account is overstressed, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said on Monday. The RMAFC’s revelation derived from heavy pressure on the Federation...
331,003 workers who lost their jobs withdrew N116.88 billion from their Retirement Savings Accounts (RSAs) under the Contributory Pension Scheme (CPS), the National Pension Commission (PenCom)...
The Central Bank of Nigeria (CBN) said it would eradicate the abuse of foreign exchange and other practices by dealers, capable of affecting goods purchased by...
The bull run on the Nigerian Stock Exchange (NSE) continued on Monday with a marginal gain of N3.779 billion, supported by investors’ renewed interest in consumer...
Oil prices climbed on Monday as storms bore down on the Gulf of Mexico, shutting over half of its oil production, and on indications of progress...
Nigeria has nearly doubled its voting rights in the African Development Bank (AfDB) to 16.8% before the lender’s yearly meetings this week, as one of its...
The Asset Management Company of Nigeria (AMCON) said on Sunday it had taken over assets belonging to the chief promoter of Jabfal Enterprises Limited, Joshua Abiodun...
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...
Nigeria’s Gross Domestic Products (GDP) for the second quarter 2020 shrank by 6.10 percent, the National Bureau of Statistics (NBS) said on Monday. The GDP which measures...
The Nigerian National Petroleum Corporation (NNPC) on Sunday announced a total crude oil and gas export earnings of $378.42 million for June. The corporation recorded total...
The Debt Management Office (DMO) Saturday rebutted accusations of corruption against it, saying the agency is ‘accountable, transparent and responsible’ in its operations. The debt office...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market, mainstream business activities...
