Nigeria’s foreign reserves expanded by $1.136 billion in the eleven-day period between 1st and 11th May 2020, compared to their balance of $33.521 billion at the end of...
Nigeria’s spending on petrol in the thirteen-month period between February 2019 and February 2020 came to N2.5 trillion out of the total N2.6 trillion expended by...
There is a strong likelihood that Nigeria and other sub-Saharan African countries will lose around $200 billion in income to the current global economic and public...
The Nigerian government has firmed up plans to ensure strict implementation of its policies on expatriate quota in the oil and gas sector by keeping foreign...
In light of the sharp dwindling in the global economy occasioned by Covid-19 pandemic, the MD/CEO of Heritage Bank Plc, Ifie Sekibo has suggested ways the...
Sell pressure on the stocks of three of Nigeria’s four biggest companies by market capitalisation —Dangote Cement, MTNN and BUA Cement —led the equity market to...
Indigenous scientists and research institutes passionate about finding lasting remedies to the coronavirus pandemic would receive the financial backing of the Central Bank of Nigeria in...
The Nigerian Economic Summit Group (NESG) stated in its Macroeconomic Outlook Update released on Monday that the economy required stimulus in the region of N10.1 trillion to mitigate...
NPF Microfinance Bank Plc Tuesday announced it would pay its shareholders a dividend per share of N0.20, translating to about N457.328 million for Full Year 2019,...
The Naira strengthened against the U.S. dollar at the Investors and Exporters window on Monday, appreciating by 31 kobo over the rate at which it traded...
Dearth of gas supply to Nigeria’s largest power plant, Egbin and 10 others were responsible for low electricity generation at the facilities on Monday. Other plants,...
Saudi Arabia’s vow to slash oil production in June as part of the measures to curb oil surplus at the global market and improve demand lifted...
Nova Merchant Bank has declared a 43% expansion in profit for Full Year 2019 on the back of a smooth implementation of its 2019 strategic plan...
As witnessed at the last session, the determination of many investors to cash out of their stocks caused the market to close in the negative territory...
The Nigerian Extractive Industries Transparency Initiative (NEITI) said Monday the Federation Accounts Allocation Committee (FAAC) disbursed N1.95 trillion to the federal, state, local governments and other...
Neimeth International Pharmaceuticals Plc has reported a loss of N26.055 million for Second Quarter ended 30th March 2020, compared to a profit of N144.476 million posted in...
Mr Audu Gaddo, Spokesman of the Association of Private Transport Companies of Nigeria (APTCON), has alleged an evil plot to frustrate road transport operators out of...
The new Chairman of Imo Internal Revenue Service (IIRS), Mr Remigus Okoye, has noted that there will be no place for tax defaulters in the state...
Oil prices slid by more than 1% Monday morning on account of saturation in the global crude market and worries that the easing of lockdowns in...
At the end of last week, the Nigerian stock market was up by 4.45% even though sell pressure halted its nine-day gaining streak on Friday. Regarding...
Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current economic condition, 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...
Food-processing giant, Nestlé Nigeria Plc, has reported a N1.651 billion fall in after-tax profit for First Quarter 2020 compared to the relative period of 2019. The comprehensive...
The total amount spent by Nigerians on food in the ten years to 2019 came to over N22.777 trillion, a 75% leap over the figure posted...
The Nigerian bourse recorded considerable gains Monday through Friday as investors’ appetite for big-cap and medium-cap equities continued to grow. However, the bull run in the...
Nigerian automaker, JET Motor Company, Thursday said it was consolidating on its plans to dominate the mobility space with the launch of JET Mover, a new...
The Naira shed value against the dollar at the parallel market on Friday, going down by 1.83% after trading without budging at the last two previous...
Profit-taking in big-cap stocks led by MTNN, GTB and BUA Cement disrupted the nine-day bull trend on the Nigerian Stock Exchange Friday, causing the market to...
UACN Property Development Company Plc has declared a loss of N15.883 billion for Full Year 2019 compared to a loss of N15.057 billion recorded in the...
Staff of Lagos Airport Hotel, about 250 of them, were sent home in March as the country began its lockdown to check the spread of COVID-19....
Oil prices recovered Friday morning after dipping marginally at the previous session with Brent crude inching near to the $30 mark. Prices had dropped on Thursday...
The Nigerian economy attracted cross-border greenfield capital investment worth $10.2 billion in 2019, the latest report by fDi Market Intelligence, a research unit of London-based Financial...
The market maintained the current uptrend on Thursday as bargain-hunting efforts lifted equities further. Gains in bellwethers such as Nestle, Dangote Cement and Nigerian Breweries largely...
President Muhammadu Buhari Thursday held a telephone conversation with the Prime Minister of Pakistan, Imra Khan. According to a statement issued by Femi Adesina, the Special...
Sterling Bank Plc has reported a N1.175 billion plunge in profit for first quarter 2020, compared to the corresponding period of 2019. The highlights of the tier...
Oil prices climbed up further on Thursday as U.S. inventories increased less than expected. Analysts however predicted that additional gains might be limited by the current...
The coronavirus pandemic has been causing the Nigerian aviation sector a loss of around N21 billion every month since its outbreak. Hadi Sirika, the Aviation Minister,...
Nigeria’s foreign reserves rose for the first time in eleven months after shedding about $11.25 billion, the latest figures from the Central Bank of Nigeria (CBN)...
The Nigerian National Petroleum Corporation (NNPC) Wednesday night announced a cut in the ex-depot price of petrol from N113.28 per litre to N108. According to the...
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has urged the Nigerian government to keep the receipts of the $3.4 billion emergency financial...
Equities on the Nigerian stock market rose for the eight consecutive session Wednesday amid investors’ relentless interest in blue-chip stocks. Buy pressure on large-cap and mid-cap...
Oil prices fell on Wednesday for the first time in the last few days as U.S. inventories rose higher than anticipated amidst a crash in fuel...
54 per cent of business owners in Nigeria want commercial banks to reduce their interest rates by at least half, the Lagos Chamber of Commerce and...
The Office of the Accountant General of the Federation (OAGF) on Tuesday released a framework on how the COVID-19 funds should be administered. The COVID-19 funds...
The Nigerian National Petroleum Corporation (NNPC) has said the Nigerian government will put marginal oilfields up for auction in spite of the slump in oil prices....
For the seventh day in a row, the Nigerian bourse recorded gain at Tuesday’s session as the market added up about N374.945 billion, the biggest single...
The Nigerian government is revising its 2020 budget to assume an oil price benchmark of $20 a barrel, Zainab Ahmed, the Finance Minister, said Tuesday during...
Oil prices rose further early Tuesday after the gains recorded at the previous session as more countries began to ease coronavirus lockdowns and crude supply cuts...
Access Bank Plc has formally contradicted the claim that it is preparing to retrench 75% of its workforce and shut down over 300 of its branches...
The Naira sold for N430 per dollar at the parallel market on Monday days after the central bank recommenced foreign exchange sales, thus posting some gain over...
