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...
Access Bank PLC, is set to attain a new milestone as it announced on Monday it would float a N15 billion green bond on the Luxembourg...
The Nigerian bourse began the week on a gloomy note as the market capitalisation shed N154 billion due to profit-taking activities in blue-chip equities. The market...
The Nigerian National Petroleum Corporation (NNPC) has said it experienced a 94% increase in pipeline vandalism cases in November 2019, compared to the figure posted the...
Last week, the Nigerian bourse posted losses all through save for Thursday, when the market rallied with a negligible gain. All the key market performance indicators...
Power Distribution Companies (Discos) in the country and the Transmission Company of Nigeria (TCN) have approached the Nigerian Electricity Regulatory Commission (NERC) with a view to...
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 not...
Axa Mansard Insurance Plc has recorded a 28.6% growth in its gross premium written for the Full Year ended 2019, compared to the figure posted in...
In furtherance of its intervention in the inter-bank Foreign Exchange market, the Central Bank of Nigeria (CBN) on Friday said it had injected $218.41 million into...
The Nigerian Stock Exchange (NSE) recorded four bearish sessions this week as profit-taking cost the market a staggering N239 billion. The bullish performance posted by the...
Money lender Carbon, formerly operating as Paylater, has built its service App in a bid to extend its offering to waiting iOS users. This development is...
Nigeria loses a staggering N3.635 trillion ($10 billion), translating to more than one third of its 2020 budget (estimated to be N10.59 trillion), every year in...
The Nigerian Stock Exchange ended Friday’s trade in the negative territory as all the key market performance indicators ended in the red. A negative market breadth...
Wema Bank Plc has reported a 32.5% increase in its after-tax profit for Full Year 2019 compared to the corresponding period of 2018. The full account...
Underwriter, AIICO Insurance Plc, has reported an increase in its after-tax profit for Full Year 2019 to the tune of N2.718 billion on the back of...
The Nigerian bourse closed today with a N26 billion gain, halting a losing spell that saw investors lose about N752 billion in 8 trading days. A...
Jeff Bezos might be the current world’s richest man but Ph.D dropout Elon Musk seems to understand the magic of making money, better. While the Tesla...
BlackBerry Limited’s signed partners and phone makers, TCL Communication, has announced its exit from a 2016 contract that bound the Chinese electronics company (TCL) to design...
First City Monument Bank (FCMB) Plc has reported a growth in its after-tax profit year on year by 18% on the back of improvement in its...
Infinity Trust Mortgage Bank Plc has declared a final dividend of N3.5k per share for the period ended 31 December, 2019 on the back of its...
Leading oil palm processing firm, Okomu Oil Palm Company Plc, has reported a plunge in its after-tax profit, amounting to N2.997 billion for Full Year 2019,...
As part of TLcom’s plan for the next 18 months, the venture capital firm has announced its intent to invest $71M in 12 new start-ups from...
The bearish run in the Nigerian bourse continued today as sell pressure on blue-chip equities caused key performance indicators to close in the negative territory. A...
Transnational Corporation of Nigeria Plc has reported a 27% slump in earnings for Full Year 2019, compared to the same period of 2018. The details of...
The Federal Government on Tuesday unveiled its plan to take a $17 billion credit line from China-Exim Bank. Zainab Ahmed, the Finance Minister, made the disclosure...
Lagos-based venture capitalist platform, CeedCap, has joined America’s cluster of investors’ group, the Global Startup Studio Network, GSSN, to become the first African start-up studio to...
Nothing less than 70% of Gokada riders have been laid off following the Okada ban policy by the Lagos State government. The lay off, which affected...
Sterling Bank Plc has reported a 17 percent increase in its profit after- tax for full year 2019 compared to the relative period of 2018. The...
Share registration service provider, Africa Prudential Plc, has reported a modest growth of 6.7 percent in its profit after-tax for Full-Year 2019 despite a fall in...
Nigeria’s largest brewer, Nigerian Breweries Plc, has announced the continuation of its Commercial Paper programme by launching the Series 5 and 6 of the programme, which...
Integrated digital payments and commerce company, Interswitch Limited, has listed its N23 billion bond on the Nigerian Stock Exchange (NSE). The Callable Senior Unsecured Bond, which...
Nigerian-owned agric startup, FoodLocker, has emerged as one of five (5) startups accepted into the Venture Scale programme. The programme, which is a flagship course of...
The Nigerian Stock Exchange (NSE) sustained its bearish reign on Monday as market capitalisation shrank further, this time by N160 billion. All the key market performance...
Confectionery and food-processing giant, Cadbury Nigeria Plc has reported a 54% growth in its after-tax profit for Full Year ended 31st December 2019 in spite of slight...
Nigerian e-commerce company, Konga, is, no doubt, one of the visible players that has heavily invested to domesticate the American Amazon idea in Nigeria, building an...
Countries must work out innovative ways in which the potential of both fossil fuels and renewable energy can be harmonised and harnessed until the time renewable...
British independent oil and gas firm, Savannah Petroleum PLC, has announced that Accugas, its recently acquired asset, has entered into a new Interruptible Gas Sales Agreement...
In general, the week that just went by was a terrible one for investment at the Nigerian Stock Exchange (NSE) as the key market performance indicators...
Alcoholic beverage manufacturing giant, Guinness Nigeria Plc, has reported a 49% plunge in its pre-tax profit for the half-year ended 31st December 2019 despite a marginal increase...
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 not...
Pharmaceutical and healthcare company, GlaxoSmithKline Consumer Nigeria Plc has reported a 2% drop in its after-tax for the year ended, 31 December 2019 despite improvement in...
The Nigerian bourse recorded its worst trading week so far in 2020 this week as profit-taking cost the market a staggering N405 billion in five days....
West African ground handling service provider, Nigerian Aviation Handling Company (NAHCO) has posted a 431% increase in its after-tax profit for the the year ended 31st December...
Law Union and Rock Insurance Plc has declared a 215% growth in its profit for the year ended 31st December 2019 compared to the corresponding period of...
The Nigerian Stock Exchange ended Friday’s trade in the negative territory as it recorded depreciation in all its Key Performance Indicators (KPIs). A negative market breadth...
Leading agro-industrial and oil palm processing firm, Presco Plc, has recorded an 8.2% slump in its after-tax profit, translating to N1.463 billion, for Full Year 2019....
MRS Oil Nigeria Plc has declared a loss of N1.137 billion for Full Year 2019. This makes it the second time the indigenous oil and gas...
Fidelity Bank Plc has declared a 28.5% growth in its profit for Full Year 2019 on the back of improvement in its earnings, compared to the...
Petroleum marketing company, Conoil Plc, has declared an 11% growth in its after-tax profit for Full Year 2019 compared to the corresponding period of 2018. Conoil...
FBN Holdings Plc, the non-operating holding company of FirstBank of Nigeria Limited, has posted a Profit After Tax (PAT) of N61.947 billion for Full Year 2019, up by 3.8%...
