As the coronavirus crisis bites harder at aviation operations across the globe, Arik Air has said it would cut employees’ salaries by 80% beginning from April....
Both positive and negative sentiments defined investors’ attitude to the market this week as gains and losses were recorded in the five trade sessions. The bourse...
Trading on the Nigerian Stock Exchange ended on a positive note Friday as bargain-hunting efforts led the market to appreciate by N67.014 billion. Across the sector...
The Wema Bank board has announced its proposal of N0.04 dividend per share translating to a total dividend of about N1.543 billion for Full Year 2019. In its notice to...
Access Bank Plc has reported a N218.790 million or 0.53% plunge in its First Quarter 2020 profit compared to the same period of 2019. The full account...
The Federation Account Allocation Committee (FAAC) has remitted the sum N119.55 billion to the Excess Revenue Account, a statement from the Office of the Accountant General...
The United Nations Conference on Trade and Development (UNCTAD) is pushing for measures aimed at easing the debt burden of about $3.4 trillion on Nigeria and...
The Securities and Exchange Commission (SEC) of the United States has quit its inquiry into the acquisition of an offshore oil asset in Nigeria in 2011...
Profit-taking especially in blue chip equities led investors to dump large volumes of shares for sale Thursday as the market shed N161.302 billion. A negative market...
Nigeria’s oldest and biggest brewer, Nigerian Breweries Plc Thursday reported a 30.93% fall in its earnings for First Quarter 2020, compared to the corresponding period of 2019. The...
Despite an increase in pipeline vandalisation cases by 50%, Nigeria posted crude oil and gas export sales revenue of $434.85 million in January, the latest Monthly...
The Abuja Chamber of Commerce and Industry (ACCI) has warned the Nigerian government not to extend the current lockdown beyond 27th April, saying the decision is...
The Nigerian National Petroleum Corporation (NNPC) has said the country might have to halt the production of oil if the prices of oil continued to fall...
The Nigerian bourse rebounded on Wednesday after recording depreciation in the previous session. Gains posted by blue-chip equities led by WAPCO, Zenith Bank, BUA Cement, PZ...
The Federation Accounts Allocation Committee (FAAC) Wednesday shared N780.926 billion as revenue allocation for March to the federal, states, local governments and relevant agencies in the...
A consortium of multilateral institutions that includes the World Bank, the International Monetary Fund (IMF), the Paris Club and the G20 have agreed to grant a...
Oil prices showed some signs of recovery Wednesday morning as US oil futures jumped by over 20% and Brent eased after falling for two days as...
The Central Bank of Nigeria (CBN) will kick off the disbursement of the N50 billion fund, aimed at supporting households and Micro Small and Medium Enterprises severely...
The Nigerian equity market closed in the negative territory on Tuesday as profit-taking activities in blue-chip stocks triggered a loss of over N151.392 billion. A negative...
The global oil price benchmark, Brent crude, on Tuesday extended its decline, dropping to $19 per barrel, amid the demand collapse caused by reduced economic activity....
Airline operators in the country have called on the Nigerian Government for an opportunity to be included among the beneficiaries of the N50 billion COVID-19 Intervention...
Nigeria’s inflation rate hit 12.26% year on year in March, marking the highest point it had attained in 23 months, the National Bureau of Statistics (NBS)...
The output levels of Nigeria’s hydropower plants recorded rapid depletion in the last couple of days, which saw the entire power generation slip to 3,757MW. Data...
US oil prices plummeted to their lowest points in 22 years on Monday as crude storage facilities filled up swiftly in the face of falling demand...
The Nigeria bourse recorded its first loss in nearly two weeks on Monday as profit-taking in a number of blue-chip equities caused market capitalisation to dip...
With so much investment diverted by industry leaders into tech lately, the race to go completely digital has become fiercely intense, with tens of thousands of...
Nigeria and other African countries can overcome the coronavirus crisis by looking “at the lessons learnt from the crisis and heed the urgency for change that...
The Nigerian bourse recorded gains in all its sessions last week, making it one of the best weekly performances so far this year. We have selected...
The removal of subsidy payment on petroleum products by the Nigerian National Petroleum Corporation (NNPC) will prove a major paradigm shift for the oil and gas sector in...
Nigeria and other countries in Africa require $114 billion to tackle the coronavirus pandemic successfully, the International Monetary Fund (IMF) has said. A statement released by...
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 African Development Bank (AfDB) has refuted a claim in news reports that it plans to provide financial support to the East African Crude Oil Pipeline...
A new report by the Organisation of Petroleum Exporting Countries (OPEC) has revealed that a slump in fuel imports by Nigeria and other countries in West...
The Managing Director of the International Monetary Fund, Kristalina Georgieva, and the President of the World Bank, David Malpass Friday declared that China and other G-20...
The African Union Economic, Social and Cultural Council, Nigeria office has enjoined Nigeria’s bilateral creditors – China, Japan, India and France – to either write off...
Funds contributed through the Private Sector Coalition Against COVID-19 (CACOVID) reached N25.89 billion on Friday, a statement from the Central Bank of Nigeria (CBN) has shown....
Nigeria’s premium crude oil grade, Bonny Light, dropped to about $12 or $13 per barrel this week, according to traders monitoring the West African Market. The...
The market recorded gains in all its four sessions this week with no activity recorded on Monday being public holiday commemorating Easter. Nigerian Breweries, Conoil and...
The Nigerian equity market recorded its fourth gain in a row on Friday, meaning that all the sessions for this week closed on a positive note....
The Organisation of Petroleum Exporting Countries (OPEC) has said there will not be a rebound in the global demand for crude until the second half of...
The Lagos-Ibadan rail project is just 10% away from full completion, the Nigerian government has said. Sabiu Zakari, the outgoing Permanent Secretary of the Federal Ministry...
Power generation companies (Gencos) have claimed they are not aware of any N200 billion paid to the power industry by the Nigerian government in the past...
The value of transactions executed online by bank customers rose to N11.44 trillion in March 2020, the latest statistics from the Nigeria Inter-Bank Settlement System (NIBSS)...
The Buhari Media Organisation (BMO) has faulted the forecast by the International Monetary Fund (IMF) that Nigeria’s Gross Domestic Product (GDP) would contract by 3.4% in...
Chevron Nigeria Limited (CNL) said on Thursday its workforce, both expatriate and indigenous, were free of the coronavirus. The company said in a statement issued by...
Bargain-hunting in bellwether stocks continued Thursday, causing the Nigerian bourse to record its third gain in a row this week. All the key market indicators ended...
Minister of Finance, Budget and National Development, Zainab Ahmed has explained why Nigeria was excluded from the debt relief granted to 25 countries by the Executive...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, Wednesday disclosed that the Federal Government had paid more than N200 billion to...
FBN Holdings Plc, the parent company of Nigeria’s oldest banking institution – First Bank of Nigeria Limited – Wednesday declared its intention to divest its 65%...
The Nigerian government has cut the price of fertiliser by 20% as part of measures deployed to curb the impact of COVID-19 on agricultural production. Jigawa...
