The equity section of the Nigerian Stock Exchange (NSE) ended on a negative note on Friday, triggered by sell pressure in stocks like CAP, MTNN, Unilever,...
Nigeria’s unemployment rate rose to 27.1 per cent in the second quarter of 2020 from the 23.1 per cent recorded in Q3 2018, the National Bureau...
The National Pension Commission (PenCom) Thursday said it would soon open the window that would offer employees the liberty to transfer their Retirement Savings Accounts (RSA)...
The House of Representatives Thursday kicked against the failure of the Central Bank of Nigeria (CBN) to account for the $11 billion withdrawn from the Excess...
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said on Thursday unless Nigeria achieved a very strong third-quarter economic performance, the country could...
The equity section of the Nigerian Stock Exchange (NSE) hit an 8-week high on Wednesday, driven by gains in heavyweights like Seplat, Airtel, Presco, Okomu Oil...
The Nigerian government Tuesday said Air Peace would recall a number of pilots it fired. Air Peace had earlier in August declared the dismissal of the...
The Federal Inland Revenue Service (FIRS) generates N3 billion every week through stamp duty collection, Muhammad Nami, the fiscal authority head, said on Tuesday. Nami, who...
Oil prices climbed higher on Wednesday after an industry report indicated U.S. crude stockpile plunged more than analysts projected, raising hopes that fuel demand in world’s...
Stakeholder in the Nigerian economy Tuesday clamoured for swift completion of the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline with a view to attaining rapid industrial growth...
The Nigerian government will auction bonds worth N150 billion by subscription on 19th August, the Debt Management Office (DMO) said on Tuesday. A circular by the...
The Nigerian National Petroleum Corporation (NNPC) is requesting investors to bid to repair pipelines and depots serving its oil refineries, a document posted on its website...
Trading on the Nigerian Stock Exchange ended in the negative territory on Tuesday as profit-taking actions continued, leading to a N75.071 billion depreciation in market capitalisation....
The loan portfolio of deposit money banks in the country leapt by 21 per cent to N3.3 trillion in 12 months, Gregory Kronsten, Macroeconomic and Fixed...
The naira closed stronger against the United States dollar at the over-the-counter spot market also called the Investors and Exporters (I&E) window on Monday, exchanging at...
Crude oil rose further on Tuesday, with prices supported by optimism surrounding U.S. stimulus and a recovery in Asian demand as economies restart. Brent crude was up...
Tier 2 Bank, Fidelity Bank Plc said it had reviewed its card spending limit downward as Nigeria grapples with a severe foreign exchange crunch across various...
The equity segment of the Nigerian Stock Exchange shed N7.452 billion to profit-taking on Monday, ending nine days of consecutive gains. The Industrial Index was the...
The Nigerian National Petroleum Corporation (NNPC) remitted domestic crude oil and gas sales proceed worth about N1.834 trillion into the Federation Account between 2019 and 2020,...
Oil prices advanced on Monday, aided by an improvement in Chinese factory data and bigger energy demand as nations relaxed coronavirus-related lockdowns though traders were cautious...
Nigeria’s aspiration of harmonising its various exchange rates has been brightened by the recent modification of the Central Bank of Nigeria (CBN)’s spot exchange rate, data...
Last week, the Nigerian stock market posted gains in all its sessions, this and other developments informing Ripples Nigeria Stocks watch list. We have selected a...
Government will hold talks with the Central Bank of Nigeria (CBN) in the hope of restructuring business loans as part of the grand plan aimed at...
The Nigerian Postal Service (NIPOST) has refuted the claim by the Federal Inland Revenue Service (FIRS) in some tweets last week that the postal agency was...
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 Nigerian Railway Corporation Friday said it generated revenue worth N3.09 billion from rail services last year, noting that N1.5 billion of that sum came from...
Nigeria is looking to end illegal gold exports in the hope of capturing the millions of dollars lost each year through the process to shore up...
Vice President Yemi Osinbajo said on Friday that government agencies needed to stop milking businesses in order to improve Nigeria’s prospects of climbing higher on the...
Monday through Friday, the Nigerian Stock Exchange (NSE) added gain to gain, consolidating a fiercely bullish market that reached back to the two days before last...
The World Bank has approved $114.28 million financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with a specific focus on...
The National leadership of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has directed petroleum tanker drivers to withdraw their services from Lagos State...
The World Bank has declared 36 companies and individuals ineligible to to be awarded any World Bank financed contract for a period of time for going...
Reacting to the observed silence from the Petroleum Products Pricing Regulatory Agency (PPPRA), oil marketers have gone ahead to set new pump prices (between N148 and...
The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it recorded a 43 percent drop in oil pipeline vandalism in the month of May, 2020. The...
The equity segment of the Nigerian Stock Exchange (NSE) rose by N21 billion Wednesday, supported by improved liquidity as turnover expanded by 148%, moving from the...
The Kano State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has ordered its members to sell fuel at N150 per litre. The order...
The National Association of Aircraft Pilots and Engineers (NAAPE) on Wednesday threatened to down tools over the alleged unilateral and reckless sacking of pilots by airline...
Oil prices climbed on Wednesday after statistics indicated a major fall in the United States crude storage. However, there are growing concerns that increasing rising COVID-19...
Naira weakened against the United States dollar across foreign exchange market segments on Tuesday as Nigeria confronts an enduring liquidity crunch that had seen its foreign...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) and some operators in the downstream sector of the petroleum industry in Anambra State on Tuesday threatened to...
The Central Bank of Nigeria (CBN) said on Tuesday beneficiaries of its Healthcare Research and Development Intervention Scheme, targeting manufacturing and development activities would have access...
The Transmission of Nigeria (TCN) said on Wednesday the country’s power generation scaled its record high of 5,377 Megawatts (MW) on August 1. The TCN, which...
The pump price of Premium Motor Spirit (PMS) is expected to go up in the coming days following the hike in the product the ex-depot price...
Positive sentiment among investors sustained the bull run on the Nigerian Stock Exchange (NSE) Tuesday as buy pressure in some mid-cap stocks led by Seplat, Nigerian...
The wrangling between government revenue-generating agencies, Nigerian Postal Service (NIPOST) and Federal Inland Revenue Service (FIRS) over stamp duty collection festered on Tuesday. Both agencies have...
Oil prices fell on Tuesday over anxieties that a new wave of coronavirus infections worldwide will cause fuel demand recovery to stall amid tighter lockdowns just...
Naira appreciated against the United States dollar on Monday on the over-the-counter spot market used by investors and exporters as well as at the black market...
The real estate subsidiary of UAC of Nigeria PLC (UACN), UACN Property Development Company Plc, which has been racking up losses for the past four years, will...
The Central Bank of Nigeria (CBN) has said it allocated credit worth N539.8 million to farmers between January and March this year, its third quarter economic...
The oil firm at the centre of the $1.3 billion Malabu scandal, Eni, on Monday claimed it acted in conformity with the law on issues related...
