The Organisation of the Petroleum Exporting Countries (OPEC) Tuesday said Nigeria’s monumental cost of servicing debts could stand in the way of economic productivity. Nigeria has...
The equity value of the Nigerian Stock Exchange (NSE) fell further on Tuesday as the market capitalisation depreciated by N44.867 billion by reason of continued sell...
Oil prices sank further on Tuesday amidst concerns that new curbs to forestall exploding coronavirus infections in the United States and Asia could put fuel demand...
The Nigerian government said it had discovered undisclosed payments of $4,969.50 executed on 30th December 2009 and $5,000 on 31st January 2012 to Vera Taiga, daughter...
The Central Bank of Nigeria (CBN) on Monday announced a credit monitoring blueprint, planned to scale down the non-performing loan portfolio of the banking industry and...
Nigeria’s crude export earnings in the five year period from 2015 to 2019 came to $206.06 billion, the Organisation of the Petroleum Exporting Countries (OPEC) said...
The Minister of State for Petroleum Resources, Timipre Sylva, said on Monday Nigeria and Saudi Arabia had reiterated their firm commitment to the agreement between the...
The Central Bank of Nigeria (CBN) Monday directed banks to instantly halt the processing of new imports documents, seeking to bring maize into the country. It...
The Nigerian Stock Exchange (NSE) extended its downtrend further on Monday as bank and oil and gas stocks posted significant losses, and negative sentiment remained rife...
President Muhammadu Buhari on Monday reconstituted the Boards of the Nigerian Liquefied Natural Gas Limited (NLNG) and Bonny Gas Transport Limited (BGT) and appointed a former...
Oil prices declined on Monday, extending Friday’s losses as coronavirus infections touched their all-time daily high, following huge swells in infections during the weekend in the...
Deap Capital Management & Trust Limited Monday debunked reports that the Asset Management Corporation of Nigeria (AMCON) had taken possession of its assets over indebtedness totalling...
The Nigerian bourse posted gains last Tuesday, Wednesday and Friday while trade for the rest days ended in red with the corporate actions of the week...
The bargain process between Nigeria and China Railway Construction Corporation Limited (CRCC) regarding the construction of the Ibadan Inland Dry Port is almost consummated, the Nigerian...
Nigerians are pessimistic that the country’s galloping inflation rate would hamper the economy further in the next twelve months, data obtained from the Central Bank of...
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 stock market depreciated by N15.522 billion this week, bringing the total loss so far this year to N288.951 billion, having opened in January with a market...
The National Bureau of Statistics (NBS) said on Friday the total public debt portfolio of the Federal and State governments stood at N28.63 trillion as at...
The Nigerian bourse made a return to winning ways on Friday as buy pressure in stocks like MTNN, Vitafoam and International Breweries improved market value by...
The Federal Government on Friday proposed a total expenditure of N11.86 trillion for the 2021 budget. President Muhammadu Buhari had earlier on Friday signed the revised...
Power distribution companies (Discos) Thursday said the capped tariff system introduced by industry watchdog, Nigerian Electricity Regulatory Commission (NERC), into electricity pricing cost them N13.9 billion...
Oil prices toppled on Friday, extending the previous session losses, over fears that re-imposed lockdowns and curbs aimed at putting the coronavirus spread on leash in...
The Nigerian National Petroleum Corporation (NNPC) Thursday said it ramped up average daily natural gas supply to power plants by 19.14 per cent and transferred Naira...
Nigeria’s Excess Crude Account, which contains surplus cash from extra crude sales above budget benchmark, plunged from $324.54 million to $72.41 million in the roughly 8-month...
Trading ended approximately flat on the Nigerian bourse Thursday as buy and sell pressures almost drew level, and relatively profit-taking in some consumer goods stocks weakened...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday presented the draft 2021 to 2023 Medium Term Expenditure Framework(MTEF) and the Fiscal Strategy...
The Minister of State for Petroleum Resources, Timipre Sylva Thursday, said the Nigerian government never at any time made a promise to keep the pump price...
Electronic settlements conducted via the Nigeria Inter Bank Settlement Scheme Instant Payment (NIP) platform and Point of Sales (POS) terminals January through May 2020 climbed N3.63...
Access Bank Plc will buy a hundred per cent stake in Lusaka-based Cavmont Bank in an effort to broaden its market in Southern Africa and consolidate the business...
The Nigerian Government Wednesday said it had signed a deal with Sealink Promotional Company Limited for transportation of solid minerals on waterways through the jetty landing...
Nigeria’s total circulated currency contracted by 2.6 per cent or N60billion to N2.29 trillion in June from N2.35 trillion the month before, the latest data from...
The Nigerian equity market posted moderate gain Wednesday, buoyed by buy pressure on the stocks of Julius Berger, GTB and WAPCO. Yet, the cumulative gain the...
The penalty and interest waiver window on tax debts, owed by businesses and persons, earlier due on 30th June would now run out by 31st August,...
Oil prices weakened further on Wednesday as industry figures demonstrating an upswing in United States’ crude inventory and a projection saying U.S. oil output could fall...
Naira fell 5.5% on Tuesday against the United States’ dollar on the official market, four days after the Central Bank of Nigeria weakened it by selling...
The House of Representatives Tuesday said it would pursue an inquiry into the reported illegal withdrawals coming to $1.05 billion by Nigerian National Petroleum Corporation (NNPC)...
The Nigerian bourse closed Tuesday trade on a positive note even though a cumulative gain of N37.263 billion was largely inadequate to reverse the losses of...
Nigeria and other African countries are set for a partial economic rebound from the coronavirus crisis in 2021, even though it will come at a cost...
The Director of the Department of Petroleum Resources (DPR), Auwalu Sarki, said on Tuesday over 600 companies had applied to be prequalified for the ongoing bid...
Oil prices dropped on Tuesday over worries that a new coronavirus wave, notably in the United States, would hurt fuel demand rebound. Brent crude futures fell by...
The Nigeria Extractive Industries Transparency Initiative (NEITI) Monday advocated a policy shift that would see the Nigerian government embrace a series of buffers and revenue generation...
Nigeria’s headline inflation, sometimes called the Consumer Price Index, which measures the rate of price shift in an assortment of food items and other household essentials,...
Radio and television stations with outstanding renewal and licensing fees will have 60 per cent of their debt written off by the Nigerian government provided they...
The African Development Bank on Monday appointed Mrs. Wambui Gichuri as the acting Vice President, Agriculture, Human, and Social Development. The AfDB, which disclosed this in...
The Nigerian bourse fell N161.746 billion lower on Monday as sell demand in Industrial stocks outweighed investors’ buy orders and negative sentiment remained rife in a...
The Central Bank of Nigeria (CBN) amassed N122 billion from lenders in a move to tighten money supply in its latest round of mopping up excess...
The market was largely bearish last week, posting losses on Tuesday, Thursday and Friday. We have selected a group of stocks you should watch out for...
Mustafa Chike Obi, who was the pioneer Chief Executive Officer (CEO) of Asset Management Company of Nigeria (AMCON), is now the Chairman of Fidelity Bank PLC....
Oil prices saw mixed fortunes on Monday as Brent crude advanced further, on the back of measured supplies while its counterpart U.S. benchmark, West Texas Intermediate...
State-owned Nigerian National Petroleum Corporation (NNPC) Sunday announced new appointments and redeployments across its leadership, four days after its immediate-past Chief Operating Officer (COO), Roland Ewubare,...
