The Nigerian Stock Exchange (NSE) recorded increase in all its Key Performance Indicators Tuesday as demand for blue-chip equities continued to rise. A positive market breadth...
From being a piracy-ridden sector in the past, Nigeria’s film industry now seems to be making headway with the flourishing of movie cinemas. That Nigerians, in...
Oil prices rose by over one per cent on Monday as escalation in the tension between Tehran and Washington, following the assassination of top Iranian commander...
The Nigerian government will commence regulating estimated electricity bills issued by power distribution companies to customers without meters come February. The Nigerian Electricity Regulatory Commission (NERC)...
The Central Bank of Nigeria (CBN) Monday released the Nigerian Payment Systems Risk and Information Security Management Framework to guide the management of risks associated with...
The Nigerian Stock Exchange sustained its bullish run for the sixth consecutive trading day Monday as interest in mid-cap and large-cap equities swelled further, boosting the...
The Chevron branch of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has requested the removal of Jeff Ewing, the Chairman and Managing...
ARM, Nigerian Assets management firm, has partnered with fintech startup Trove, with claims to “help broaden investment opportunities for its teeming customers around the country”. The...
Callaba, a new player in the communication space, has launched operations and is currently enjoying what might pass as product testing phase. Being a new player,...
The Association of Nigerian Electricity Distributors (ANED) said on Monday that Nigeria’s electricity tariff would remain in place till April 1. The Executive Director of ANED,...
Last week was a good one for investors with the market recording gains in all the four trading days on the back of renewed interest for...
The Federal Government has claimed that its whistleblowing policy and embarking on a number of reforms through the Ministry of Finance, Budget and National Planning had...
The Port Harcourt International Airport has been reopened for flight operations, the Federal Airport Authority of Nigeria (FAAN) said on Sunday. The airport was closed on...
Hello, and welcome. It’s the first Business Roundup in the new year. Civil servants resumed work on Thursday as business activities kicked off after the December break. So, in case you missed out on details, here are the...
Up to N2.2 trillion was spent by Nigeria on imports from China between April and September 2019, the National Bureau of Statistics (NBS) has confirmed. According...
The Nigerian Electricity Regulatory Commission has approved an increase in electricity tariff by the 11 Electricity Distribution Companies (DisCos) in the country. The directive on the...
The nation’s power supply has dropped from 3,993.65 Megawatts (MW) to 3,608 MW on Thursday, indicating a drop of 385.65 MW. The development, according to a...
The Nigerian Stock market opened for four trading days this week with the exception of Wednesday being public holiday observed in celebration of New Year’s Day...
Global oil prices skyrocketed by $3 Friday in the aftermath of the US’s assassination of Iranian commander, Qasem Soleimani. There are growing tensions that the development may...
Africa-focused oil and gas exploration and production company, Lekoil Limited has secured $184 million credit to finance the appraisal drilling and initial development programme activities on...
The Nigerian Stock Exchange ended the week in the positive territory Friday having sustained the bullish run that dominated the market right from Monday. Investors’ appetite...
Analysts at political risk consultancy, Eurasia Group, in a research note published on Friday said oil price could hit $80 per barrel soon, following the assassination...
A recent review of the 2020 outlook of the Nigerian economy, detailing the prospects of key measures defining possible fiscal growth, has revealed the odds of...
The total amount of money spent by the Federal Government, through the Nigerian National Petroleum Corporation (NNPC) on subsidising Premium Motor Spirit in December 2019, stood...
The Nigerian Stock Exchange began 2020 on a bright note Thursday as marginal growth was recorded across key performance indicators. A positive market breadth was posted...
Data obtained from the Nigerian Interbank Settlement System (NIBSS) show that the volume of transactions executed by bank customers in the country reached 1.65 million on...
Generally, 2019 was a mixed bag of fortunes and setbacks for the Nigerian capital market, even though many events that shaped the Nigerian bourse were significantly...
The Nigerian bourse ended 2019 on a positive note as key market indicators recorded improved performance. Investors’ huge appetite for blue chip equities caused the All...
Vitafoam Nigeria Plc has posted a massive 296.5% rise in its profit for Full Year 2019. Specifically, the foam products manufacturer posted a profit of N2.387...
Nigeria has come a long way in the last 12 months – economically bruising some businesses, structurally implementing some unpopular reforms that cut across sectors and...
Consumer goods manufacturer and distributor, PZ Cussons Nigeria Plc has posted a loss of N1.580 billion for the half year ended 30 November 2019. This and...
The 2019 Disaster Estimates report of Swiss Reinsurance Institute has revealed that global insurance and reinsurance companies accounted for $56 billion out of the $140 billion...
Nigeria flared a total of 276.04 billion cubic feet (bcf) of natural gas in a 13-month period from September 2018 to September 2019, data obtained from...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said Monday the Federal Government was studying the decision of the Francophone West African countries to...
The Nigerian Stock Exchange (NSE) started this week’s trading on a bright note as investors’ huge appetite for large cap stocks caused Monday session to end...
The Federal Inland Revenue Service (FIRS) has provided a 30-day opportunity for taxpayers in the country to obtain their 2020 Tax Clearance Certificates (TCC) between 2nd...
The Federal Inland Revenue Service (FIRS) recorded a revenue shortage coming to N8.5 trillion within a five-year period from 2015 (when the Buhari administration took over...
The economic report of the Central Bank of Nigeria (CBN) has revealed that the Nigerian economy recorded a total foreign exchange inflow of $58.01 billion between...
Hello. It’s the last weekly Business Roundup for the year 2019. The last week of December despite the festivity recorded some interesting highlights. So, in case you missed out on details, here are the top highlights of events that...
While the economy in 2019 was experiencing fluctuations in both capital and money markets, the tech space, as another robust business enclave, witnessed significant growth year...
The Enugu Electricity Distribution PLC (EEDC) has clarified issues pertaining to its plan to “disconnect South-East prepaid meter users”. In a statement issued on Saturday, the...
The cost of doing business in the country has been projected to rise significantly in 2020. The Lagos Chamber of Commerce and Industry (LCCI) gave the...
Delta Transport Service Limited (Delta Line) on Friday, December 20, added another fleet of buses (60), representing the first phase of the 120 buses earmarked to...
The Nigerian National Petroleum Corporation (NNPC), together with its joint venture partners in the Nigerian Liquefied Natural Gas Limited (NLNG) including Shell, Total and Eni on...
Nigeria’s largest company by market capitalisation, Dangote Cement PLC, has announced its plan to repurchase up to 10% of its issued share capital. The decision is...
The Nigerian Stock Exchange (NSE) resumed the yuletide break with a significant recovery as notable appreciation in some large-cap and mid-cap stops triggered upward movements in...
The latest data from the Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that the subsidy per litre on Premium Motor Spirit (PMS) also known as...
Transactions worth N97.32 trillion were executed by bank customers via the instant payment and Point of Sales (POS) platforms between January and November 2019 according to...
A Central Bank of Nigeria (CBN) report has revealed an N88.22 billion plunge in the nation’s earnings from crude oil sales for the month of November...
The Federal Government is aiming to generate a whopping $2 billion in revenue from the multi-billion dollar Escravos Gas-to-Liquid (EGTL) project just as the Nigerian National...
