2.3 million Micro, Small and Medium Enterprises have accessed interest-free loan facilities under the Government Enterprise and Empowerment Programme (GEEP) in the four years of its...
The equity section of the Nigerian Stock Exchange (NSE) recorded a loss on Monday but posted gains Tuesday through Friday, resulting in a weekly appreciation of...
The equity segment of the Nigerian Stock Exchange (NSE) rose further on Friday, buoyed by buy pressure on consumer goods stocks led by Nigerian Breweries, International...
The Federation Accounts Allocation Committee (FAAC) has distributed the sum of N676.407 billion for July 2020 federation account revenue to the federal, states and local government...
Oil prices slipped further on Friday but came close to a five-month high as a relaxation of coronavirus lockdowns support a slow fuel demand recovery, while...
Nigeria provides between 60 to 70 per cent of products under the Economic Community of West African States (ECOWAS) Trade Liberalisation Scheme, the Nigerian government has...
Nigeria’s total pension assets climbed to N11.08 trillion in June, 2.6% higher than the N10.8 trillion recorded the month before despite the impact of the coronavirus...
The Nigerian government has opened its doors to investment in mining and manufacturing activities involving the local production of bitumen and other materials that are currently...
Nigeria’s power generation slumped to 3,356 Megawatts (MW) on Thursday less than 2 days after touching a new peak of 5,420.30MW. The Transmission Company of Nigeria...
The market maintained the current uptrend on Thursday as bargain-hunting efforts lifted equities further up. Gains in CAP, Stanbic, International Breweries, GSK and Fidson largely accounted...
The Nigerian National Petroleum Corporation (NNPC) on Thursday dismissed as unfounded and total falsehood, a report on missing 48 million barrels of crude oil. The Group...
Nigeria has scaled an all-time power generation peak of 5,420.30 Megawatts (MW), the Transmission Company of Nigeria (TCN) said on Thursday. The feat marks the second...
The costs of various food items escalated in July, the National Bureau of Statistics (NBS) said in its Selected Food Price Watch July 2020 report on...
Naira appreciated against the United States dollar on the black market on Wednesday, exchanging for N477/$1. The exchange rate at the previous session had stood at...
Oil prices slid on Thursday after major producers warned of a risk to demand recovery if the coronavirus crisis extended further just as the United States...
The Nigerian government’s bonds for August, which were valued at N150 billion and auctioned on Wednesday, were oversubscribed by N92.23 billion, the Debt Management Office (DMO)...
The Nigerian Petroleum Development Company (NPDC), which serves as the petroleum exploration and production subsidiary of the Nigerian National Petroleum Corporation (NNPC), will ramp up its...
The Asset Management Company of Nigeria (AMCON) has taken over assets belonging to a Lagos-based technology deployment solutions provider, Northrich Technologies Limited, over the latter’s failure...
African telecommunications company, MTN Group, on Wednesday appointed Ralph Mupita the current Chief Finance Officer as the new president and Chief Executive Officer (CEO). The appointment...
The Nigerian Stock Exchange (NSE) extended its gain on Wednesday as it added N18.198 billion, thanks to appreciation recorded mainly in bank stocks such as GTB,...
Importers in Nigeria are lamenting the huge surcharge levied on them by international shipping firms for cargoes imported from around the world. According to them, the...
President Muhammadu Buhari and Saudi Arabia’s King Salman bin Abdulaziz discussed measures taken to stabilise and restore the balance of global oil markets in a telephone...
Naira fell by 1.04% on Tuesday to a new low of N480 against the United States dollar on the black market following government’s declaration of its...
Nigeria’s pension assets under the contributory pension scheme are projected to expand by 8.5 per cent this year regardless of the economic impact of the coronavirus...
The Nigerian government posted a fiscal deficit of N488.24 billion in April, 169% higher than the benchmark, the Central Bank of Nigeria (CBN) said Tuesday. “The...
3,800 power and distribution transformers will be installed across Nigeria in accordance with a deal between the Nigerian government, the German government and Siemens AG. This...
The Nigerian Stock Exchange (NSE) rebounded on Tuesday with modest gain as the All Share Index inched up by 0.02% or 3.82 basis points to 25,136.49...
The Director of Financial Policy and Regulation at the Central Bank of Nigeria (CBN), Mr. Kevin Amugo, said on Tuesday Nigerian banks recovered about N50.32million bad...
Oil prices dipped on Tuesday even though they mostly held onto overnight gains after OPEC+ said the producer grouping is almost fully complying with production cuts...
Naira appreciated against the United States dollar at the over-the-counter spot market, popularly called the Investors and Exporters (I&E) window on Monday, closing at N385.78. It...
Nigeria’s perennial foreign exchange shortage is squeezing life out of Africa’s largest economy, Bloomberg reported on Monday. Banks won’t honour card payments, foreign investors can’t get...
Nigeria’s request for a $1.5 billion budget support facility from the World Bank is unlikely to be granted approval in August as anticipated due to concerns...
Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the National Union of Petroleum and Natural Gas workers (NUPENG) have halted...
Flour and pasta maker, Flour Mills of Nigeria Plc said it would undertake a bond issuance in the next two months as part of a N70...
The Nigerian government posted a 38 per cent deficit, translating to N1 trillion, in its projected revenue for the first five months of 2020, the budget...
Trading on the Nigerian Stock Exchange (NSE) ended in the negative territory on Monday on the back of profit-taking actions in blue chip stocks, leading to...
The Central Bank of Nigeria (CBN) has got government’s nod to establish a N15 trillion ($39.4 billion) infrastructure development firm with the sovereign wealth fund to...
Nigeria’s inflation rate rose to its 27-month high and for the 11th consecutive month in July, the statistics office said on Monday as the coronavirus pandemic disrupted...
A Lagos Federal High Court has issued an order of Mareva injunction, restraining Shoprite Checkers (Pty) Limited from divesting or transferring its assets out of jurisdiction...
Oil prices jumped on Monday after reports that China plans to ship big volumes of United States crude in August and September, which suppressed worries over...
The World Bank plans to give states in Nigeria $2.5 million each as performance-based grants provided they execute tax relief schemes for individuals and business owners...
Nigerian government’s spending on debt servicing came to N1.57 trillion in the first half of the year, Minister of State for Budget and National Planning, Clem...
Six of Nigeria’s power plants were closed down between 8:15 pm on Thursday and 6 am on Saturday, leading to a slump of 1,190.3 megawatts (MW)...
The Ghanaian government on Sunday rejected claims of unfair treatment by Nigerian traders during the compliance enforcement by the country’s investment promotion council. The government insisted...
President of Nigerian Traders Union in Ghana, Chukwuemeka Nnaji, on Saturday condemned the closure of shops owned by Nigerians in Ghana by Ghanaian authorities. Nnaji, who...
The Nigerian Ports Authority (NPA) has announced the berthing of the largest container vessel to ever dock at a Nigerian port. Jatto Adams, General Manager, Corporate...
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...
Foreign investors attracted into purchasing Nigerian debt that was paying interest of 13% a year ago are unable to move their cash out of the country,...
Shell Petroleum Development Company said it would appeal the ruling of the Rivers State High Court, affirming the enforcement of the purported sale of interests in...
The Nigerian Stock Exchange (NSE) posted losses on Monday, Tuesday and Friday and recorded gains on Wednesday and Thursday. The liquidity seen in the market this...
