Oil prices dipped by almost 1% on Monday as traders played safe with the Organisation of the Petroleum Exporting Countries contemplating a meeting this week to...
Nigeria’s external reserves expanded by $732.656 million or 2.1% in the one week period between 21st to 28th May 2020, data published by the Central Bank of Nigeria...
The Nigerian bourse held three sessions last week due to the public holiday on Monday and Tuesday, declared to commemorate the Ramadan festival. Consequently, activities were...
The Central Bank of Nigeria (CBN) has reviewed its guidelines for the operation of electronic payment channels in the country and has directed banks and payment...
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...
President Muhammadu Buhari has reconstituted the board of state-owned Nigerian National Petroleum Corporation (NNPC) after the tenures of members appointed in 2016 expired. The president’s decision...
Yield on Nigerian government’s five-year bond shrank by 200 basis points or 2% on Friday with returns falling across maturities after the Central Bank of Nigeria...
Fewer trading sessions were conducted this week than the last due to a two-day break on Monday and Tuesday, observed in commemoration of the Ramadan festival....
The Nigerian stock market returned to winning ways on Friday as the Industrial Index emerged the best performer across the sectorial indices with two of the...
Dangote Sugar Refinery Plc Friday reported it posted a slump in profit in the sum of N631.816 million between January and March this year relative to the...
Oil prices dipped for the third straight day Friday, setting in motion its first weekly loss in two fortnights and a week, as U.S. stock statistics...
The Asset Management Corporation of Nigeria (AMCON) is clamouring for a stimulus from the Nigerian government that will help the aviation sector refind financial balance and...
The Central Bank of Nigeria (CBN) has projected that Nigeria will turn in a negative Gross Domestic Product in the second quarter of this year considering...
State-owned Nigerian National Petroleum Corporation (NNPC) aims to scale down oil production spending by as much as between 33 and 41 per cent to attain a...
Large volumes of heavyweight bank stocks –FBN Holdings, Access Bank, Zenith Bank, UBA and GTB –were dumped for sale at Thursday’s trade session of the Nigerian...
The Central Bank of Nigeria (CBN) Thursday afternoon reviewed the Monetary Policy Rate (MPR) downward by 100 basis points downward to 12.5% from 13.5%, which had...
Chemical and Allied Products (CAP) PLC Wednesday reported its Full-Year(FY) revenue for the 2019 financial year swelled by N740.335 million while its profit for the period...
Oil prices extended losses early Thursday as industry statistics from the United States, the world’s biggest oil producer and consumer, reflected a rapid and dramatic increase in...
Slow European demand for Nigerian crude on Wednesday gave cautious hope to Nigerian and other West African traders with India and China showing the biggest interest...
The Central Bank of Nigeria (CBN) Wednesday announced it was offering a moratorium of 12 months to beneficiaries of its Other Financial Institutions (OFIs) COVID-19 intervention...
President Muhammadu Buhari has endorsed a revamp pact with Germany’s multinational engineering firm, Siemens AG, to transform the country’s moribund power sector. Nigeria scaled the first...
The total market value of Nigerian stocks at the close of business on Wednesday was just a leap over the figure posted at the last session...
African Development Bank’s (AfDB’s) head Akinwunmi Adesina Wednesday refuted an indictment for code of ethics breach, dismissing it as a smear campaign intended to ruin his...
The Nigerian Communications Commission (NCC) has suspended the Spectrum Trading Guidelines 2018 for the Nigerian telecommunications industry. The Director of Public Affairs, NCC, Dr. Henry Nkemadu,...
The World Bank has announced the approval of $346m for two projects targeted at strengthening resilience and livelihoods in the Lake Chad region, comprising of Nigeria,...
The board of the African Development Bank (AfDB) has promised to conduct an independent investigation of its chief, Akinwunmi Adesina. This came following U.S. Treasury Secretary,...
The Lagos State Internal Revenue Service (LIRS) has shifted the deadline for filing of annual tax returns in the state to 30th June, a statement from...
Oil prices weakened on Wednesday as fears over the speed of fuel demand recovery hurt sales despite the increasing removal of coronavirus curbs in several countries,...
Total banking transactions executed during the Ramadan holiday that just went by came to 3.4 million transactions, live updates of the Nigerian Interbank Settlement System (NIBSS)...
Shell Nigeria Exploration and Production Company (SNEPCo), the Nigerian operation of the global oil supermajor, Royal Dutch Shell, has embarked on closure of Bonga crude oil...
Foreign capital importation into Nigeria nosedived by 31.19% to $5.854 billion in the first quarter of this year relative to the corresponding period of last year...
Oil appreciated Tuesday, spurred in part by improving investors’ sentiment that oil-producing economies will fulfil their pledge to slash output and also by signs of growing...
The Nigerian government’s resolve to accomplish its fiscal ambition by looking the way of the domestic fixed income market to raise fund will stimulate financial market...
Total generated power in the country slumped dramatically to 2,626.9MW on Monday from the 3,738MW reported the day before, signalling a 42% single-day fall, data from...
Africa’s largest economy stands a chance of shrinking next quarter from the shocks of curbs placed on commercial operations in an effort to rein in coronavirus...
Leading drug-maker, GlaxoSmithKline Consumer Nigeria Plc recorded a 12.8% uptrend in its gross earnings for full year 2019, its annual report and financial statements, published by the...
MTN Nigeria Communications Plc has declared its ambition to raise a sum of N50 billion through its Series I and II Commercial Paper issuance to bridge...
Nigeria’s Gross Domestic Product (GDP), which measures the size of the economy, grew by 1.87% in the first quarter of 2020, 0.68% lower than the rate of growth...
U.S. Treasury Secretary Stephen Mnuchin has resisted attempts by the African Development Bank’s (AfDB’s) board to stop an investigation into its president, Akinwunmi Adesina, and requested...
The market was bullish throughout last week, adding up N694.335 billion or 5.59% week on week as the appetite for investment deepened across the investing public....
Oil prices dipped in the early hours of Monday in response to the evolving cold war between the United States and China regarding the latter’s intention...
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 market maintained an upbeat trend throughout this week as buy pressure outweighed investors’ desire to sell off their stocks. Trade volume was at six-week high...
Revenues generated by states internally in 2019 came to N1.33 trillion, N16 billion higher than that of 2018, the statistics office said on Friday. “The 36...
The Nigerian equity market closed on an upbeat note Friday, triggered by gains in blue-chip stocks. However, a positive market breadth was recorded as 29 losers...
Naira traded at N460 to the U.S. dollar on the parallel market Thursday, having stayed at the same rate of exchange for two days without budging,...
Contractors yet to be paid the N17 billion balance of the jobs awarded them by the Federal Ministry of Agriculture and Rural Development in 2018 are...
Oil prices weakened early Friday following China’s refusal to perfect an economic growth plan for this year, stoking fears that the impact of the coronavirus pandemic,...
Nigerian government’s earnings from oil and gas sector dwindled by N125.52 billion in the first quarter of this year as oil receipts came in trickles into...
Oil marketers in Nigeria are ramping up the campaign for full liberalisation of the downstream segment of the oil and gas industry as Africa’s biggest oil...
