The volume of crude oil imported by the United States from Nigeria plummeted by 61.7% in the first quarter of this year relative to the last...
Power Distribution Companies (Discos) in the country on Wednesday affirmed they were only able to access N58 billion from the Central Bank of Nigeria’s N213 billion...
The Federal Airports Authority of Nigeria (FAAN) and 19 other industry operators have handed in their operational restart plans to the Nigerian Civil Aviation Authority (NCAA)...
The Nigerian bourse rebounded on Wednesday, appreciating by N21.88 billion gain on the back of gains posted by Nestle, Flour Mills and Cadbury. The Consumer Goods...
Nigeria’s inflation rate rose for the ninth consecutive month in May amidst increase in food and drug prices, the statistics office said on Wednesday as the...
Oil prices slumped on Wednesday as data showed a rise in U.S. crude and fuel stockpiles, raising the prospect of glut as a potential new wave...
The Nigerian government on Tuesday in Abuja inaugurated an inter-ministerial task force with the mandate to ensure full implementation of Government Integrated Financial Management Information System...
The maritime sector’s contribution to the national economy stands at N7 trillion annually, the Nigerian Shippers’ Council (NSC) has revealed. Nevertheless, the industry requires the support...
Nigeria’s foreign reserves fell by $115.26 million in the one week period between 4th and 11th June 2020, data obtained from the Central Bank of Nigeria...
Nigeria’s aviation industry has recorded losses in the region of $700 million in the past 3 months to the coronavirus crisis, Funke Adeyemi, Africa Regional Director...
Two million smallholder farmers in Nigeria are to enjoy zero-interest financing options through the Agric for Foods and Jobs Plan (AFJP) as a mitigant against the...
Negative sentiment persisted in the market on Tuesday as profit-taking in bellwethers such as Flour Mills, MTN and Ardova caused the market to shed value further....
Oil prices posted modest gains on Tuesday, reversing earlier losses as optimism regarding additional cuts in crude output dampened the fears that a resurgence of fresh...
Naira weakened against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Monday, falling to N386.50 a dollar....
The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Service (FIRS) have signed a Memorandum of Understanding (MOU) aimed at ensuring that the tax agency...
The tension between Dangote Group and BUA Group over the ownership of Obu-Okpella mining sites in Edo State heightened further on Monday as the former denied...
Nigeria needs a minimum infrastructure spending equivalent to 18 per cent of its Gross Domestic Product by 2030 in order to attain Sustainable Development Goals, the...
The Nigerian equities market extended last week’s losses on Monday as profit-taking efforts caused investors to dump large volumes of stocks for sale. The market shed...
Africa’s leading cement producer, Dangote Cement Plc, Monday listed its N100 billion Series 1 Senior Unsecured Bonds on the Nigerian Stock Exchange (NSE). Issued by the...
The Federal Airport Authority of Nigeria (FAAN) has said that passengers willing to travel on resumption of flight operations in the country must be present at...
The Nigerian National Petroleum Corporation (NNPC) has published its audited financial statements for 2018 online in an effort to enhance the openness around its operations. NNPC...
Oil prices weakened on Monday, extending the losses recorded the week before as fresh coronavirus infections hit China, United States and Japan, worsening fears that a...
France’s largest telecom operator, Orange, plans to extend its presence in Africa and will give itself a few months to make a potential move, Reuters said on...
The Lagos Chamber of Commerce and Industry (LCCI) has declared that the total credit granted to the private sector rose to N26.69 trillion in 2019, up...
Total power generation in the country dropped to 2,943.4 megawatts on Sunday from 3,585.6MW on Saturday as 10 power plants went idle, data obtained from the...
In the week that just went by, the Nigerian bourse posted gains on Monday and Tuesday, losses on Wednesday and Thursday while the market did not...
A Benin City Federal High Court has issued a restraining order against Dangote Industries and the Nigerian Police Force, stopping them from interfering with the operations...
The Securities and Exchange Commission (SEC) on Sunday dismissed reports that its Acting Director-General, Ms. Mary Uduk, had resigned from the commission. The Head of Corporate...
Nigeria’s West African neighbours – Togo, Benin and Niger – received a total invoice of N32.04 billion for the electricity supplied to them by the country...
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...
Africa’s biggest multilateral lender, African Development Bank (AfDB) said it had responded to the needs of its member nations in an effort to contain the spread...
The Federal Government’s third Sovereign Sukuk bond of N150 billion was oversubscribed by N519.12 billion, the Debt Management Office (DMO) has said. The debt office disclosed...
The Nigerian bourse saw limited trading sessions this week as a result of the public holiday observed on Friday in commemoration of the 2020 Democracy Day....
Nigeria’s public transport sector lost an estimated N200 billion in three months due to the lockdowns imposed to contain the spread of the novel coronavirus pandemic,...
The failure to fix Nigeria’s refineries over the years is essentially a strategy problem, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele...
Oil prices dropped on Friday, extending huge losses from overnight as the coronavirus cases in the U.S. soared this week, raising fears that a new wave...
President Muhammadu Buhari has said the country’s external reserves, which expanded from $33.42 billion on 29th April 2020 to around $36 billion in May 2020, is sufficient...
The Department of Petroleum Resources (DPR) on Thursday extended the deadline to register to bid for Nigeria’s marginal oilfields by one week. The DPR had on...
The Senate President, Ahmad Lawan, said on Thursday the 9th Senate had approved foreign loans in excess of $28 billion for the Executive in the last...
The lockdown imposed by government as a measure for containing the coronavirus spread across the country impacted the demand for Premium Motor Spirit (PMS) in Nigeria,...
The Nigerian bourse extended the previous session’s loss on Thursday, depreciating by N16.885 billion amidst negative sentiment triggered by heavy sell pressure. Thursday’s downward drift was...
Ahead of the June 21 resumption of domestic flight operations in five airports across the country, the Federal Airports Authority of Nigeria (FAAN) has met with...
Oil prices dropped by nearly 4% on Thursday over concerns about weak demand growth as coronavirus cases rise with U.S. crude inventories touching an all-time high...
Nigeria’s currency, the Naira advanced against the U.S. dollar at the Investors and Exporters (I&E) window of the foreign exchange (forex) market on Wednesday, rising to...
The Nigerian National Petroleum Corporation (NNPC) has said it will end its crude sales discount regime next month. Mele Kyari, the Group Managing Director, made the...
The United Nations World Food Programme (WFP) is seeking $182 million as financial support for Nigeria’s worst hit by the coronavirus pandemic, including communities in North-East...
The Department of Petroleum Resources (DPR) has shut down a number of filling stations in the country, selling petrol above the new price band of between...
The Nigerian National Petroleum Corporation (NNPC) has revealed that a number of its partners are producing oil in Nigeria at $93 per barrel. Mele Kyari, the...
Profit-taking in a number of blue-chip equities dragged the Nigerian bourse down on Wednesday by N62.621 billion. The Industrial Index posted the biggest loss across the...
The African Development Bank (AfDB)’s Vice President for Agriculture, Human and Social Development, Dr. Jennifer Blanke, has resigned from the position. AfDB, which disclosed this in...
