Oil prices hit weaker levels on Thursday following a shock build in United States oil inventories and as low fuel consumption hurt prices. U.S crude and...
The rate of exchange of naira to the United States dollar remained immobile for three days in a row Wednesday at the black market, data from abokiFX.com showed,...
Landlords and property agents in Nigeria now have the backing of the law to charge a 6% stamp duty on every agreement executed with clients for...
Gas flare actions across oil and gas sites in the country cost Nigeria $779 million in the first half of 2020, data from Nigerian Gas Flare...
The Central Bank of Nigeria (CBN) support to agribusiness farmers through the Commercial Agriculture Credit Scheme since the initiative launched totalled N635.39 billion at the end...
The equity segment of the Nigerian Stock Exchange (NSE) closed flat on Wednesday as the forces of demand and supply reached parity and little movement was...
Oil prices weakened on Wednesday, with industry figures of growth in United States’ crude stockpiles confounding analysts’ expectation and a dramatic increase in the country’s coronavirus...
Naira hovered at the rate of 472 to the United States dollar on the parallel market on Tuesday, the same rate it sold for the session...
Italy prosecutors are demanding penalties varying from fines to jail terms for former and current officials of oil supermajors, Eni and Shell including Eni’s CEO Claudio Descalzi,...
Total revenues from income sources into the Nigerian government’s treasury tumbled by N1.46 trillion in the first quarter of this year, 36% below projection, the Central...
The equity segment of the Nigerian Stock Exchange (NSE) diminished by N49.630 billion, continuing days of intense profit-taking as traders scrambled to sell off their holdings...
Oil prices jumped on Tuesday on the back of favourable reports of vaccine trials and of a European Union rescue package deal, touching heights last witnessed...
The total exposure of banks to the economy ballooned by N3.3 trillion at the end of June compared to the corresponding period of May, the Central...
Lagos State Internal Revenue Service (LIRS) Tuesday said it had set in motion the implementation of a tax relief scheme that would deliver further incentives and...
The Nigerian National Petroleum Corporation (NNPC) Monday expanded its export of 4 key crude oil grades for September to 756,000 barrels per day, two per cent...
Access Bank Plc Monday declared it had concluded the takeover process of Kenya’s Transnational Bank Limited, nearly eight months after the deal was brokered. The transaction...
The Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, said on Monday the apex bank had funded about 20 projects valued at ₦26.278 under its...
The equity market of the Nigerian Stock Exchange (NSE) sustained the negative performance seen at the previous session on Monday as sell pressure mounted on bank...
The Central Bank of Nigeria (CBN), rising from its Monetary Policy Committee (MPC) meeting Monday retained its monetary policy rate, which measures the interest rate at...
Oil prices edged lower on Monday towards $40 per barrel on Monday as coronavirus infections leapt across the world even though investors expressed measured optimism regarding...
Africa Investment Forum, a brainchild of the African Development Bank (AfDB), Monday announced it would commit $3.79 billion to 15 private sector projects in Nigeria and...
The Asset Management Corporation of Nigeria (AMCON) has declared it has devised a new receiver procedure that would accelerate the pace of asset recovery process by...
Last week, the Nigerian bourse posted losses Monday, Tuesday and Friday but reported gains on Wednesday and Thursday Friday, the development and other fundamental factors informing...
The Nigerian Investment Promotion Commission (NIPC), which stimulates and monitors investments in the country, said gross investment commitment to the Nigerian economy in the first half...
The Petroleum Products Pricing Regulatory Agency (PPPRA) said on Sunday full deregulation of the downstream oil and gas sector would help force down price of Premium...
The Federation Accounts Allocation Committee (FAAC) shared a total of N651.18billion as allocations to the three tiers of government and other relevant agencies for the month...
Nigeria’s gross revenues climbed to N653.35 billion ($1.7 billion) in June, a 26.2% leap over the figure for May, standing at N517.8 billion due to growth...
Banks will from Monday cap customers’ overseas debit card spending in an effort to avert foreign currency settlement trouble, according to lenders, as Nigeria battles acute...
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 Nigeria government Friday kicked off a test-run of newly acquired coaches for the completed Itakpe-Warri standard gauge rail line. “Today we started test-run of the...
Analysts at merchant bank and asset manager, FBN Quest said in a note titled ‘Downstream Oil and Gas at a Crossroads and Due for Favourable Policy...
The equity market of the Nigerian Stock Exchange (NSE) racked up further loss this week following a decline in the total value of stocks by N9.757...
The Nigerian Stock Exchange (NSE) ended Friday’s trade on a negative note amidst, with sell pressure on bellwether stocks like Nigerian Breweries and GTB while Dangote...
The World Bank Thursday revealed that around 42% of the Nigeria’s workforce lost their jobs between March and June following the shutdown of the economy in...
Dangote Group’s fertiliser plant, previously timed to start operation in May, will now tee off production next February, Bloomberg said on Thursday, quoting Saipem SpA, the...
Nigeria’s Consumer Price Index, which measures inflation using the weighted average price of a basket of a number of consumer essentials, jumped 0.16% higher to 12.56%...
The Nigerian Deposit Insurance Corporation (NDIC) is pursuing a legislative empowerment that will enable it make directors account for bank failures. The banking industry underwriter equally...
Nine or one-third of Nigeria’s 27 power plants were idle on Thursday, making 2,079.1 megawatts (mw) out of the nation’s total generation capacity remain idle. Total...
Nigeria’s foreign reserves depleted by $454 million from $36.572 billion to $36.118 billion in the 45-day period between 1st June and 15th July, latest data from...
The Nigerian government has said the Covid-19 N2.3 trillion stimulus package, forming part of its Economic Sustainability Plan, has among its ambitions a rescue plan for...
The Nigerian Stock Exchange (NSE) sustained the previous session’s rally Thursday as MTN and Airtel –two heavyweight telco stocks, also two of the three most capitalised...
It is probable that the naira will stay under sustained pressure from the United States dollar on the parallel market in the week ahead as demand...
Oil prices fell on Thursday following the resolution by the Organisation of the Petroleum Exporting Countries (OPEC) and its Russia-led allies to relax record production curbs...
The exchange rate of naira closed at N470 to the United States’ dollar at the unofficial parallel market on Wednesday, signalling a 1.1% markdown from that...
The recent evacuation endeavour by Air Peace to bring home Nigerians trapped in the United Kingdom following the coronavirus outbreak was stalled by the UK and...
The Nigerian Stock Exchange (NSE) found recovery on Wednesday following two sessions of successive losses as heavy buy demand for the shares of Airtel Africa, Dangote...
The Federal Executive Council (FEC) on Wednesday approved the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) to kick-start the 2021 budget process. The...
Oil prices advanced on Wednesday after a huge plunge in United States crude storage as the market awaited decisions from a meeting later in the day...
The rates of exchange of the naira to the United States dollar remained unchanged across various segments of the foreign exchange markets on Tuesday in spite...
The Central Bank of Nigeria (CBN) has said it will engage a minimum of 370,000 youths in agricultural production all over Nigeria, in pursuit of its...
