The House of Representatives Wednesday passed the revised 2020 Appropriation Bill, increasing the national budget from the planned N10.5 trillion to N10.8 trillion. Earlier, the executive...
The Minister of Power, Sale Mamman, has said that Nigerians currently enjoy between 18 and 24 hours of power supply every day. Mamman made the disclosure...
Oil prices fell more than 1% towards $40 per barrel on Wednesday after a report revealed a surge in United States’ oil storage, reigniting worries over...
Naira made a rally against the U.S. dollar at the parallel market segment of the foreign exchange (forex) market on Tuesday. Market data obtained from exchange...
Telecom giant, MTN Nigeria PLC Tuesday said it had completed the issuance of N100 billion Series I and II notes under the debut N100 billion Commercial...
The shareholders of Dangote Sugar Refinery PLC and Savannah Sugar Company Limited will on 9th July meet to consummate a merger deal. Dangote Sugar said in...
A total of 1.6 million farmers will receive the financial support of the Central Bank of Nigeria (CBN) in the wet planting season this year. The...
The Nigerian bourse added N44.442 billion on Tuesday on the back of strong positive sentiment from investors. The Industrial Index posted the biggest gain across the...
Lagos State Governor, Babajide Sanwo-Olu, has approved the appointment of Mr. Babalola Obilana as the new Director-General of the Lagos State Pension Commission (LASPEC). The Public...
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday threatened to sanction seven electricity Distribution Companies (DisCos) for failing to comply with its order on capping of...
Nigeria recorded a total trade deficit of N138.98 billion between January and March this year, the statistics office said on Tuesday in its Foreign Trade in...
Oil prices appreciated on Tuesday over optimism of a rapid rebound in fuel demand as coronavirus lockdown curbs are lifted around the world, but gains are...
Naira weakened against the U.S. dollar on Monday at the Investors and Exporters (I&E) window of the foreign exchange (forex) market, crumbling to N387.33 at the...
Nigeria’s immediate past Minister of State for Petroleum Resources, Ibe Kachikwu, has said that crude oil’s contribution to the mation’s economy will fall rapidly. Currently, oil...
Nigeria and Israel are on the verge of endorsing a bilateral deal aimed at developing methanol fuel production technology in the country. The Federal Ministry of...
Successful applicants, who meet the preconditions for the Central Bank of Nigeria’s (CBN) COVID-19 Targeted Credit Facility, will be in receipt of their funds 48 hours...
The Nigerian bourse rebounded on Monday on the back of buy pressure on blue-chip stocks led by MTNN, BUA Cement, UACN and Nigerian Breweries. All the...
Electricity consumers in the country would henceforth pay more for pre-paid meters following the hike in the price of the items by the Nigerian Electricity Regulatory...
Last week, the Nigerian bourse posted a negative growth, depreciating by N118 billion as the bear was dominant in the market. We have selected a group...
BUA Cement Plc has reported a N4.1 billion leap in earnings for the first quarter of 2020 on the back of improvement in turnover by 25.1%. The...
Oil prices strengthened on Monday, two days after world major producers consented to sustain a deal on historic production cuts to the end of July just...
The Central Bank of Nigeria (CBN) has released guidelines for its novel Healthcare Sector Research and Development Intervention Scheme, targeting scholars, scientists and other stakeholders who...
Power generation companies (Gencos) in the country have expressed opposition to the recent calls for the reversal of the power sector privatisation by the Senate. Speaking...
The Executive Secretary of the Petroleum Products Pricing Regulatory Agency (PPPRA), Abdulkadir Saidu, said on Sunday the agency would continue to advise oil marketers on the...
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 Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+ on Saturday agreed to extend their record output cuts by one month. In a statement...
The market was largely bearish this week as several investors were intent on cashing out their investments, consequently putting up large volumes of stocks for sale....
Members of the House of Representatives Friday affirmed they would prevent the Transmission Company of Nigeria (TCN) from offering expatriates power contracts while ignoring eligible Nigerians...
The entire portfolio of the African Development Bank (AfDB), made up of 61 operations, climbed from $4.5 billion to $5 billion between March and December last...
The Nigerian National Petroleum Corporation (NNPC) said on Friday pipeline vandalism, crude oil theft and other criminal activities were responsible for high cost of crude oil...
The last trading session for this week closed on a negative note Friday as sell pressure on the stocks of two of the most capitalised companies...
The National Bureau of Statistics (NBS) has declared that 42 per cent of the respondents it surveyed in its newly released COVID-19 Impact Monitoring report were...
Oil prices advanced further on Friday as traders expect signals from a conference that could hold this weekend among key oil producing countries to consider the...
The Central Bank of Nigeria (CBN) will auction treasury bills worth N821.797 billion with varying tenors in the third quarter of this year, its issue programme...
The Nigerian government has declared that a new initiative named Green Imperative valued at $1.2 billion, under the Nigeria-Brazil Bilateral Agriculture Development Programme, will revolutionise the...
The board of governors of Africa’s biggest multilateral lender, African Development Bank (AfDB), plans to commission a fair-minded personality of global repute to carry out an...
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Thursday removed the cap on the price of Premium Motor Spirit (PMS) and gave oil marketers the licence...
The Central Bank of Nigeria, CBN, Tuesday, announced a new rise of the nation’s foreign reserves by $2.7bn after long-witnessing major decline for several months. According...
The prices of oil in the international market witnessed a surge on Wednesday, with Brent, Nigeria’s flagship crude grade rising to $40 over continued optimism that...
The Lagos State government, in a presentation highlighting various implications of the coronavirus pandemic on the economy, has revealed that about N2.3 trillion was cut short...
The Nigerian equity market maintained its upbeat trend Tuesday even though a marginal increase was recorded, thanks largely to gains recorded by large-cap stocks including Dangote...
The House of Representatives Tuesday admonished the board of governors of Abidjan-based African Development Bank (AfDB) to disregard the request for a fresh investigation into allegations...
The Kano State chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Tuesday, directed its members to adopt the latest fuel pump price modulation released...
The Nigerian government has handed fuel marketers promissory notes totalling N168 billion and redeemable in 3 years to oil marketers as settlement for the subsidy debts...
Oil prices edged up on Tuesday on traders’ expectation that major oil-producing economies would consent to retain their hefty production cuts to strengthen prices at an...
Nigeria’s currency, the Naira advanced 2.2% against the American dollar on Monday at the black market segment of the currency market, exchanging at N440 for the...
Indigenous firms and investors, seeking involvement in the oil and gas exploration and production business in Nigeria, are now at liberty of taking part in the...
The equity market added N24.193 billion on Monday with heavy trading in the shares of FBN Holdings, GTB and Japaul accounting mostly for the volume of...
The Petroleum Products Pricing Regulatory Agency (PPPRA) on Monday declared a new pump price band of N121.50 to N123.50 per litre for Premium Motors Spirit also...
Nigeria’s manufacturing sector recorded a contraction for the first time in the just concluded month of May after recording growth for 36 consecutive months, data obtained...
