In a historic development, Quidax, an Africa-based crypto exchange platform has become the first crypto platform to be granted an operating license by the Securities and...
Billionaire businessman and industrialist, Alhaji Aliko Dangote has lost his richest man in Africa position to South African businessman, Johann Rupert. In the latest data from...
The equities market sustained the bullish trend on Tuesday as investors gained N271 billion at the close of the day’s trading. This followed an increase in...
The Asset Management Corporation of Nigeria (AMCON) has announced plans to engage international asset tracers to track the assets of chronic debtors, both locally and abroad....
State oil company, the Nigerian National Petroleum Company Limited (NNPCL) has commenced shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on a Delivered...
The equities market began the week on Monday August 26, 2024 on positive note as investors gained N36bn at the end of trading session. This follows...
The Central Bank of Nigeria has raised the Standing Deposit Facility (SDF) rates as part of its continuous attempts to control liquidity in the banking sector....
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Monday approved the acquisition of Nigerian Agip Oil Company (NAOC) $783m acquisition by Oando Plc saying it conformed...
Nigeria’s Gross Domestic Product (GDP) rose by 3.19% year-on-year in the second quarter of this year. The growth in the GDP, the parameter used to measure...
It was a mixed results for investors in the Nigerian equities market last week as the bourse recorded three gains and two losses during the period....
The recent statement by the Nigeria National Petroleum Company Ltd (NNPCL) Chief Financial Officer, Mr. Umar Ajiya that no oil marketers have been paid any subsidy...
The Director- General of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, on Sunday identified good economic and social policies as the pathway to Nigeria’s progress. She...
Investors in Nigerian equities market recorded a mixed trading week on the floor of the NGX losing N2.45bn as market capitalization fell to N55.12trn from N55.13trn...
Investing in real estate has always been a reliable pathway to wealth generation, particularly in Nigeria, where the demand for land and property consistently rises due...
In a shocking revelation, the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has raised an alarm that foreigners, particularly Indians are taking over...
The equities market rebounded on Friday as investors gained N146bn at the close of the day’s trading. This followed the increase in the share prices of...
The African Export-Import Bank (Afreximbank) has been identified as the funding source of the $783 million acquisition of Nigerian Agip Oil Company Limited (NAOC) by Oando...
The equities market continued its bearish sentiment on Thursday as investors lost N64 billion at the close of the day’s trading. This followed the dip in...
Nigeria’s integrated oil company, Oando Plc has completed the acquisition of Eni’s subsidiary, Nigerian Agip Oil Company (NAOC), for $783 million. The company disclosed this in...
The Minister of State for Petroleum Resources, Heineken Lokpobiri, said on Wednesday the Federal Government would continue to support local refineries in the country. Lokpobiri gave...
Investors in the Nigerian capital market lost N599 billion at the close of trading on Wednesday. This followed the dip in the share prices of stocks...
Crude oil producers in Nigeria have kicked against being forced to sell their products to Dangote Refinery and other local refineries, saying it negates the willing-buyer,...
The equities market on Tuesday reversed several days of trading losses with N66 billion profit for investors at the close of trading. This followed the growth...
The Central Bank of Nigeria (CBN) on Tuesday confirmed $553 million in remittance inflows to the country for July. The CBN’s Acting Director of Corporate Communications,...
Amid biting scarcity and the return of long fuel queues across the country, oil marketers under the aegis of the Independent Petroleum Marketers of Nigeria (IPMAN)...
The Nigerian National Petroleum Company (NNPC) Ltd has stated that it is not paying subsidies on petrol, but rather covering a “shortfall” between the landing cost...
State oil company, the Nigerian National Petroleum Company Ltd (NNPCL) has reported a record-breaking net profit of N3.3 trillion for the 2023 financial year. This marks...
The equities market began the new trading week with bearish sentiment on Monday August 19, 2024 as investors lost N746bn at the end of trading session....
The Federal Government has announced that it will begin selling crude oil to local refineries, including the Dangote Refinery, in naira starting from October 1, 2024....
Oil marketers in the country under the aegis of the Petroleum Products Retail Outlets Owners Association, (PETROAN) have attributed the latest scarcity of petrol to the...
The Nigerian Shippers’ Council (NSC) has recovered N6.1 billion from dispute settlements at the ports between 2019 and 2023. The council which is responsible for regulating...
It was a trading week to forget for investors in the Nigerian equities market as the market crumbled amid sell-offs. The bourse lost in all of...
The Federal Government has announced that the N150 billion loan disbursement for manufacturers and micro, small, and medium enterprises (MSMEs) will commence in September. This was...
The Federal Inland Revenue Service (FIRS) is seeking the support of the National Assembly to enact a comprehensive law regulating the cryptocurrency industry in Nigeria. The...
Investors in Nigerian equities market endured a torrid trading week on the floor of the NGX losing N846.53bn as market capitalization fell to N55.13trn from N55.98trn...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Thursday, issued a stern warning to filling stations against supplying premium motor spirit (PMS), or petrol,...
Polyvinyl Chloride (PVC) is a synthetic plastic polymer made from the polymerization of vinyl chloride. It is one of the most widely produced plastics in the...
The three tiers of government on Friday shared the sum of N1.35 trillion as revenue allocation for July. A communiqué issued at the end of the...
The Nigerian equities market ended the week in the bearish territory for the fifth consecutive day on Friday as investors lost N4 million at the close...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said on Thursday the Federal Government has raised the country’s foreign reserves by $4...
For the fourth consecutive day this week, the bearish trend in the Nigerian equities market continued on Thursday as investors lost N84 billion at the close...
Following the surge in unclaimed dividend to a whopping N215bn, the Securities Exchange Commission (SEC) has disclosed that it will set up special units to address...
President Bola Tinubu and President Teodoro Mbasogo of Equatorial Guinea have signed a landmark agreement on the Gulf of Guinea Pipeline Project, marking a significant milestone...
For the first time since December 2022, Nigeria’s headline inflation rate decreased to 33.40 per cent in July 2024, fresh data from the National Bureau of...
The global woes of crypto trading platform, Binance Holding Limited continue as the platform has been slammed with a fine of $1.7 million for derivatives trading...
The bearish trend in the Nigerian equities market continued unabated on Wednesday as investors lost N80 billion at the close of the day’s trading. This followed...
The Nigeria Customs Service (NCS) has begun the implementation of the zero percent import duty and exemption of value-added tax (VAT) on basic food items. This...
The Central Bank of Nigeria (CBN) has attracted the ire of a lawyer and Senior Advocate of Nigeria (SAN) over its comment around a petition accusing...
Group Chief Executive Officer (GCEO) of NNPC Ltd., Mr. Mele Kyari, has disclosed that the current onslaught against crude oil theft and pipeline vandalism has yielded...
The bearish trend in the Nigerian equities market continued on Tuesday as investors lost N278 billion at the close of trading. This follows the dip in...
