The Nigerian National Petroleum Corporation (NNPC) has declared that it has enough petroleum products to serve Nigerians for over sixty days, saying there is no reason...
Bond credit rating agency, Moody’s Investors’ Service has lowered South’s Africa’s sovereign credit ranking below investment status, bringing it down from ‘Baa3’ to ‘Baa1’ as the rainbow nation...
The Federal Account Allocation Committee (FAAC) has said that the 36 state governments in the country expended N3.6 billion on debt service in January this year....
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...
Nigeria’s Bonny Light is defying the price slash strategy intended to attract buyers just as refineries in India are adopting production cuts and European plans are...
The BUA Cement Group has added N300 million to its earlier donation of N1 billion for the fight against Covid-19. The group’s Chairman, Abdulsamad Rabiu, has...
The volume of trade in the market fell by nearly half this week, raising fears of incremental decline and acute investors’ apathy in the weeks ahead...
Zainab Ahmed, Minister of Finance, Budget and National Planning Friday said the Nigerian economy might slip into recession in six months, the same day Kristalina Georgieva,...
Pressures from poor availability of the American dollar in the currency market crashed the value of the Naira to N402 against the currency on Friday, the...
The International Monetary Fund (IMF) Friday officially confirmed that the global economy has moved into a recession. Kristalina Georgieva, boss of the Washington-based lender, said developing...
For the second day running, the Nigerian bourse recorded modest appreciation driven by increasing positive sentiments among equity investors despite the general economic uncertainties. A positive...
BOC Gases Nigeria PLC has announced its Full Year 2019 profit plummeted by 39.61%, compared to the figure it posted in the corresponding period of 2018. The...
Africa’s richest man and the President/Chief Executive, Dangote Industries Limited, Aliko Dangote has dropped down the Forbes rich list after his total net worth dropped by...
Tier 2 lender, Sterling Bank Plc Thursday announced it was proposing a dividend of N0.03 per share for Full Year 2019. The board resolution came on the heels...
The Central Bank of Nigeria (CBN) Thursday struck a synergy with the organised private sector, headed by the Aliko Dangote Foundation and Access Bank Plc, and...
The Central Bank of Nigeria (CBN) has halted the operations of the Bureau de Change (BDC) segment of the foreign exchange market as part of the...
The Nigerian equity market rebounded today after a loss at Wednesday trade largely by reason of aggregate gain recorded by a number of blue-chip bank stocks....
Pan-African lender, United Bank for Africa (UBA) Thursday said it would earmark $14 million (around N5 billion) to strengthen the campaign against the covid-19 scourge in...
The Consumer Expectations Survey Report (CES) of the central bank for the first quarter of this year suggests that individual Nigerians as well as businesses are...
Spending on Nigeria’s comatose state-owned oil refineries came to N218.18 billion in 2019, figures from the Nigerian National Petroleum Corporation (NNPC) Wednesday have shown. Port Harcourt...
In a gesture aimed at relieving Nigeria and other members of the International Development Association (IDA) of their mounting debt burden, the World Bank and the International Monetary...
A leading transport company in Nigeria, GIGMobilty is offering to play a big role in the nation’s fight against the spread of the novel coronavirus which...
The Federal Government on Wednesday proposed the reduction of oil benchmark from $57 to $30 per barrel. The Minister of Finance, Zainab Ahmed, disclosed this after...
Players in the nation’s aviation sector on Wednesday declared a total lockdown of the industry after five airlines announced the suspension of flight services effective this...
Dangote Cement Plc has, through its Board of Directors, announced a campaign to raise debt valued at N300 billion under its Shelf Registration Programme, the first...
The Central Bank of Nigeria (CBN), at the high point of its Monetary Policy Committee (MPC) Tuesday, gave a bleaker economic outlook for Nigeria and the...
In a concerted campaign to devise legislation aiming to provide timely financial succour to Nigerians in the aftermath of the coronavirus outbreak, the House of Representatives...
The Nigerian stock market swung back to the positive territory at the end of Tuesday’s trade as bargain-hunting impacted the market capitalisation moderately. A positive market...
Rising from its two-day Monetary Policy Committee (MPC) meeting today (Tuesday), the CBN declared the retention of the subsisting Monetary Policy Rate (MPR) at 13.5% in...
The Federation Account Allocation Committee (FAAC) Monday distributed funds worth N581.56 among the three tiers of government, triggering a 10% decline month on month, and raising...
A statement from the International Monetary Fund (IMF) Monday said the impending global financial crisis, spurred by the COVID-19 plague might equal the Great Recession of...
The latest Monthly Financial and Operations Report of the Nigerian National Petroleum Corporation (NNPC) has revealed that Nigerian refineries lost the sum of N376.56 billion between...
Nigeria has marked down the prices of different grades of its crude in an effort to stimulate sales and clear glut after buyers rejected more than...
The Nigerian Stock Exchange (NSE) said Monday it would temporarily close its trading floors and engage in remote trading over the coronavirus pandemic in the country....
Panic selling persisted in the market on Monday with heavy sell pressure on banking stocks dragging the Banking Index by 9% to 220.66 basis points, the...
Nigeria’s principal revenue collection agency, the Federal Inland Revenue Service (FIRS) recorded a tax revenue performance of N338.1 billion in January this year, latest data on...
Statistics released on Sunday by the Nigerian National Petroleum Corporation (NNPC) reflects that it sold around 21.51 billion litres of petrol estimated at N2.64 trillion, indicating...
Last week, the Nigerian Stock Exchange’s (NSE’s) Market Capitalisation crumbled by N279 billion, setting off a negative week-to-date return of 2.35%. It is pretty probable that...
Construction firm, Julius Berger Nigeria Plc has announced a proposed bonus issue of one new ordinary share for every five ordinary shares currently held. The firm is simultaneously proposing a...
MTN Nigeria Sunday said its team would start working from home as part of the precautionary measures to stop the spread of COVID-19 The company’s Senior...
Union Bank of Nigeria has adjusted its daily operations over the coronavirus pandemic in the country. The bank directed its staff to work from home in...
Lagos-headquartered transnational oil and gas firm, Seplat Petroleum Development Company Plc, Friday announced a final dividend of $0.05 for Full Year 2019 subject to shareholders’ approval at the next Annual...
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...
NASCON Allied Industries Plc has announced a dividend proposal of N0.40 per share for Full Year 2019. The proposed dividend is a steep fall from the N1 per...
In a bid aimed at tightening regulatory controls in the Foreign Exchange (Forex) market and rein in dollar supply, the Bankers Committee has issued a directive...
Beverage and confectionery maker, Cadbury Nigeria Plc, has recorded a 30% growth in its after-tax profit for Full Year 2019 relative to the figure posted in the...
The Central Bank of Nigeria (CBN) according to a statement that became public Friday, has technically devalued the Naira exchange rate for the dollar on the...
Negative sentiments are still rife across the Nigerian bourse, reflected in how shares are being dumped for sales in enormous volumes week after week. The glut...
For the second time in three days, the Nigerian bourse rallied at the end of Friday’s trade, driven by bargain hunting activities in a couple of...
Access Bank Plc has concluded a cross-border listing of its N15 billion green bond on the Luxembourg Stock Exchange (LuxSE), making it the first Nigerian commercial...
