The Central Bank of Nigeria (CBN) Thursday rescheduled its Monetary Policy Committee (MPC) meeting slated for next week due to the public holidays declared by the...
Buy pressure in blue-chip stocks lifted the market higher Thursday as market capitalisation expanded by N159.553 billion The Insurance Index posted the biggest sectorial gain, going...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Thursday the World Bank had proposed the disbursement of $1.5 billion to states as...
Nigeria’s inflation touched its two-year high of 12.34% in April, the statistics office said on Thursday, propelled by rise in food prices as Africa’s biggest economy...
The Association of Bureaux De Change Operators of Nigeria (ABCON) Wednesday warned members and speculators in the currency market to abstain from the practice of putting...
Oil prices maintained their upward drift Thursday morning, buoyed by a reduction in U.S. crude stock and production cuts by big oil-producing nations, which helped to...
The Nigerian National Petroleum Corporation (NNPC) took the latest decision of marking down the ex-depot price of petrol in a bid to keep it competitive after...
Oil marketers in Nigeria now have the liberty of importing petroleum products alongside the Nigerian National Petroleum Corporation (NNPC) as the liberalisation policy of the downstream...
The Nigerian bourse further gained Wednesday as the prices of a couple of heavyweight bank and industrial stocks strengthened. Buy pressure on Dangote Cement, BUA Cement,...
The National Bureau of Statistics (NBS) said on Wednesday the country imported 20.89 billion litres of Premium Motor Spirit (PMS), also known as petrol, in 2019....
BUA Cement Plc, which debuted on the Nigerian Stock Exchange (NSE) with common stocks numbering well over 33.864 billion in January, has reported a fall in after-tax profit...
Oil prices waned early Wednesday as panic of prolonged repercussions of the coronavirus outbreak overshadowed signs of increasing demand and output cuts by chief oil producing...
Workers of the defunct Nigeria Airways on Tuesday pleaded with the Federal Government to pay their outstanding pension entitlements. The workers also lamented that the non-payment...
Goods with local equivalents will no longer have the foreign exchange (forex) support of the central bank to import them as Nigeria grapples with a rapidly...
Over 5,000 beneficiaries of the Central Bank of Nigeria (CBN)’s N50 billion COVID-19 Targeted Credit Facility will receive their funds before the week runs out. Yusuf...
The Nigerian bourse extended its gains on Tuesday by N136.087 billion, helped by a 2.08% lift in the Banking Index to 289.69 basis points on the...
Lafarge Africa Tuesday announced a retreat from its proposed capital spending for the rest of this year after the cement-maker estimated that the coronavirus outbreak would...
Upstream exploration and production company, Seplat Petroleum Development Company Plc, said on Tuesday the $0.05 final dividend for Full Year 2019 it was proposing for shareholders...
The current economic downturn in Nigeria may fester if it resolves to enforce a 417,000 barrels per day (bpd) oil output cut, in fidelity to the...
Oil prices met sour-sweet fate Tuesday morning as profit-taking caused Brent to retreat after early gain, while the West Texas Intermediate (WTI) sustained its rebound with...
The National Bureau of Statistics (NBS) said on Monday N338.94 billion was generated as Value Added Tax (VAT) in the first quarter of this year. The...
The Nigeria bourse posted gain on Monday after closing flat on Friday, driven by appreciation in some big-cap and mid-cap stocks. While other sectorial indices depreciated,...
Global oil and gas firm, Total, Monday announced it was turning back from the acquisition of Occidental Petroleum’s assets in Ghana. Total and Occidental Petroleum had, sometime...
Oil prices advanced by over $1 per barrel Monday morning on the back of production cuts and hints of measured recovery in demand as the coronavirus...
Entrepreneurs in Nigeria are requesting a year tax relief to succour businesses crippled by the coronavirus outbreak, and postponement of execution of the new Value Added...
In the week that just went by, the Nigerian bourse posted losses on Monday and Tuesday, gains on Wednesday and Thursday while the market closed flat...
Nigeria LNG Limited has reported it has amassed more than $108 billion in revenue from Nigeria in the 31 years of its operation. The joint venture firm...
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...
London-based natural resources investment company, ADM Energy said the acquisition of a further 2.25% holding in Oil and Mining Lease (OML) 113 in the Aje oilfield was in...
The Federal Government of Nigeria led by President Muhammadu Buhari has revealed plans to set up palliatives to assist Micro Small and Medium Enterprises (MSMEs) survive...
Lafarge Africa Plc has reported a 156.5% expansion in after-tax profit for First Quarter 2020 relative to the same period of 2019. “I am proud of...
John Campbell, a former United States Ambassador to Nigeria has explained why Nigeria is experiencing a shortage of Foreign Exchange as countries around the world grapple...
The size of trade during the week, which ended Friday, was worrisomely low, partly occasioned by the necessity to trade away from the Nigerian Stock Exchange...
Traders in the black market segment of the Nigerian foreign exchange (forex) market are battling the most severe crunch so far this year as the recovery...
Friday, the Nigerian equities market closed flat, the first time this year, following a balance of power in buy and sell strain after two days of...
The Federation Accounts Allocation Committee (FAAC) on Friday shared N606.196 billion to the three tiers of government for the month of April. The Director of Information...
The Naira may continue losing value at the parallel market segment of the currency market as demand for dollar intensifies from accumulation of past foreign exchange...
Oil prices strengthened further early Friday with intimations of improving demand from China as the world’s most populous country continually relaxed movement restrictions from the coronavirus...
Inflationary pressure on the Naira might strengthen in the short term as the total currency in circulation enlarged from N2.29 trillion at the end of March...
Fiscal authorities in Nigeria amassed Value Added Tax (VAT) revenue totalling N338.94 billion in the first quarter of this year, reflecting a 9.87 per cent leap...
The Minister of State for Petroleum Resources, Chief Timipre Sylva, said on Thursday the Federal Government would roll out its policy on Liquefied Petroleum Gas (LPG)...
Investors’ passion for bank stocks are showing no signs of waning as bank stocks led trade on Thursday with Zenith, GTB and FBN Holdings accounting for...
A federal high court sitting in Abuja has vacated a ruling that barred the Nigeria Investment Promotion Council (NIPC) from spending its internally generated revenue. In...
Total Nigeria Plc has announced it is proposing to pay shareholders a dividend per share of N6.71 for Full Year 2019 as the public awaits the...
May and Baker Nigeria Plc has declared it would offer about N431.309 million in total dividend, translating to N0.25 per share for Full Year 2019. The...
Prices of oil strengthened on Thursday, boosted by a sudden decline in stocks in the U.S., the world’s biggest oil consumer, as the glut in the international...
The Nigerian government has endorsed the sum of N47.2 billion, aimed at lifting power generation in the country by 40 megawatts (mw). Kashimbilla Dam, located in...
The Nigerian Liquefied and Natural Gas (NLNG) Limited has offered, to a consortium of firms, the contracts of its $10 billion Train-7 project, which is envisaged...
High demand for the shares of Mobil and Total was instrumental in the Nigerian bourse’s first gain in four days on Wednesday. The Oil and Gas...
Airtel Africa Plc on Wednesday said it recorded an 11.2% leap in revenue for Full Year 2019, meaning its total income grew from $3.08 billion at...
