On account of the perennial industry-wide inefficiency on which the nation’s power sector has run since the Fourth Republic birthed, the Federal Government may be earnestly...
Leading lender, Zenith Bank Plc has recorded an after-tax profit of N208.843 billion for Full Year 2019, thus becoming the second after Stanbic IBTC among Nigeria’s...
Maritime leasing and fleet management firm, C&I Leasing PLC, has posted an expansion worth N578.615 million in its earnings at Full Year 2019, compared to the...
The Nigeria Customs Service Thursday debunked a claim that it failed to remit revenue in excess of N28 billion to the Treasury Single Account (TSA) in...
The Transmission Company of Nigeria (TCN) said on Thursday that Nigerians have to pay more for electricity, if they are to enjoy the benefits of liberalisation...
The Nigerian recovered marginally today following a five-day bearish run. A positive market breadth was posted with the number of gainers standing at 19 and that...
The Minister of Power, Engr. Sale Mamman, said on Thursday the Federal Government has no plan to hand over the electricity distribution companies (DisCos) to a...
Two Nigerian Fintech initiatives, Esusu and PaddyCover, have been selected to participate in the Luxembourg House of Financial Technology (LHoFT) bootcamp slated for March, 2020 in...
The Federal Government has unveiled its plan to expand the country’s tax to Gross Domestic Product (GDP) ratio to 17% from 6% come 2023. Muhammad Nami,...
The future does not belong to oil despite the fact that 90 per cent of Nigeria’s foreign exchange and 86 per cent of its total export earnings derive...
Six developmental initiatives estimated at $2.19 billion (N796 billion) were Wednesday unveiled by the World Bank Group, largely targeted at handing Nigeria’s rural poor a lifeline from...
The federal, states and local governments on Wednesday shared a total of N647.35 billion as revenue allocation for January. The Permanent Secretary, Ministry of Finance, Budget...
Money lender and Fintech startup, Carbon, is on its way to become a Pan-African venture capital portfolio company as it sets to offer $100,000 in funding...
With noticeable surge in the bitcoin community, despite the Central Bank of Nigeria’s refusal to recognise cyptocurrency as a legal tender, investing in bitcoin is making...
In a twist that further upset the already fragile optimism in the International Monetary Fund’s (IMF’s) weak economic growth projection for 2020, initially put at 2.5%,...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Melee Kyari, said on Tuesday Nigeria lost about $750 million to oil theft in 2019....
Profit-taking in heavyweight bank stocks sustained the current downturn in the stock market today, causing as much as N13 billion depreciation in the total value of...
American multinational technology company, Google, has finally shut down its free WiFi facility, globally. The internet services and product company revealed that the decision to withdraw...
Nigeria’s headline inflation reached its peak in a 21-month period to January 2020 and is now 12.13%, figures released by the National Bureau of Statistics (NBS)...
The scramble for Nigeria’s Edutech space has taken new turns lately as more investors, players and crop of developers are competing to outdo each other -of...
The Central Bank of Nigeria (CBN) on Monday took the campaign for indigenous milk production sufficiency further by seeking the intervention of the Federal Capital Development...
In a move to conserve Nigeria’s ample natural gas resources, the Federal Government on Monday announced it had pruned the number of 800 investors, interested in...
The Nigerian bourse opened the week on a negative note today as investors recorded losses worth N96 billion. All the key market performance indicators ended in...
With about 123.49 million internet users in Nigeria, according to recent figures from the Statcounter portal, the increasing trend of e-commerce activities is quite understandable. Given...
The Department of Petroleum Resources (DPR) said on Monday the stakes of Pan Ocean Oil Corporation (Nigeria) Limited and other investors are safe following the transfer...
The Nigerian Stock Exchange (NSE) remained largely bearish last week, further sustaining the downturn that had crippled market activities in recent times. There were two intervening...
The Nigerian power sector lost about N19.15 billion between 5th and 14th February 2020, statistics gleaned from the Advisory Power Team (APT) in the Office of the Vice...
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 while...
Prestige Assurance PLC has reported an 18% growth in profit translating to N76.169 million for Full Year 2019, compared to the figure it recorded in the...
Leading drugmaker, May & Baker Nigeria Plc, has reported an 84% rise in its Profit After-Tax (PAT) for Full Year 2019 amidst a revenue crunch that...
The Federal Government on Friday unveiled the modalities for the restoration of toll gates to the Lagos-Ibadan Expressway. A Public Private Partnership (PPP) arrangement is currently...
Nigeria’s healthcare and fintech company, Anyi Health, has secured N36 million from global startup accelerator, Antler, to foot the bills of stranded patients. With Anyi’s belief...
The path to stable recovery still seems far ahead for the Nigerian equity market considering that this week marks its third straight loss this year. As...
Sustained sell pressure in blue chip equities led the Nigerian bourse on a step further down today as the major performance indicators ended in the negative...
The Federal Government on Friday transferred the ownership of Oil Mining Lease (OML) 98 to the Nigerian Petroleum Development Company (NPDC), the upstream subsidiary of the...
The 2019 Annual Report and Accounts of Nigeria’s largest brewer, Nigerian Breweries Plc, has revealed a 17% or N3.296 billion drop in its after-tax profit for Full Year...
The future of oil remains bleak in Nigeria in the next 10 years owing to cost increases and volatility in the energy industry even as corporate...
Granting tax waivers to big companies indiscriminately do not only erode government’s revenue base, but also hinders the Federal Inland Revenue Service (FIRS) from meeting its...
Instant messaging platform, Whatsapp, has recorded an addition of 500 million new users in 2 years, raising its bar to 2 billion users. While Whatsapp becomes...
The Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday the Federal, States, Local Governments and other statutory recipients of the Federation Accounts and Allocation Committee...
The Nigerian Stock Exchange (NSE) posted a marginal decrease in its total market value today as sell pressure in some stocks dragged the index down. All...
500 Startups, a San Francisco based seed accelerator programme company for innovative firms, has listed Nigeria’s Fintech startup Thank U Cash among other international startups to...
The Nigerian government has discovered about one billion barrels of crude oil in North East part of the country, a minister in charge of the petroleum...
The Nigerian stock market recorded marginal gain for the second consecutive day today on the back of investors’ interest in mid-cap equities. A positive market breadth...
Nigeria lost a mind-blowing sum of N4.57 trillion to oil theft activities in the four years between 2015 and 2018, estimates of the Nigeria Natural Resource...
In a new twist to its imposition of Forex restriction on milk importation into the country, the Central Bank of Nigeria (CBN) Tuesday gave six companies the...
Five-year-old Nigerian fintech firm, Aella Credit, on Monday, February 10, announced raising a new round of funding to scale its operations and build more customer-centred financial...
The Federal Government said on Tuesday mismanagement and incompetence by officials led to the demise of the old national carrier, the Nigeria Airways. The Permanent Secretary,...
The Nigerian bourse halted its losing streak today to post a bullish comeback with a modest gain of N52 billion. All the major market performance indicators...
The Federal Government is currently buying more time ahead of the formal launching of the proposed West African common currency, Eco anticipated to take effect later...
