The Federal Competition and Consumer Protection Commission (FCCPC) issued a directive on Tuesday, stopping the current N50 charge on every transaction executed through Point of Sales...
The massive sell-offs recorded by the Nigerian bourse on Monday in response to the Yuletide season continued Tuesday as profit-taking in bellwether stocks in the banking...
Neimeth International Pharmaceuticals Limited has recorded a Profit After Tax (PAT) of N220.147 million for the financial year ended 30th September 2019. This indicates a leap of...
The latest statistics from the Central Bank of Nigeria (CBN) has indicated that Federal Government’s revenue for the month of November dipped by N388 billion. The...
Nigeria’s Akinwumi Adesina has been endorsed by the Economic Community of West African States (ECOWAS) for a second term as President of the African Development Bank....
The Nigerian Stock Exchange (NSE) began the week on a negative note as a number of bellwether stocks, led by telecommunication giant MTNN, recorded price depreciation....
Petroleum products marketer, 11Plc (formerly known as Mobil Oil Nigeria PLC) on Monday announced its plans to acquire the Victoria Island-based Lagos Continental Hotel through its...
The Nigerian stock market was predominantly bearish last week despite the two bullish days recorded by the market on Monday and Wednesday. The two key market...
The Nigerian National Petroleum Corporation (NNPC) said on Sunday, the country crude oil and gas exports rose to $355.93 million in September. This figure was higher...
Bank customers across the country will from now be charged N35 per withdrawal from other banks’ Automated Teller Machines (ATM) instead of the former N65, the...
Hi, welcome to our Business Roundup this week. In case you missed out on details, here are the top highlights of events that happened during the...
According to the Central Bank of Nigeria (CBN), the total exposure of Deposit Money Banks to the Nigerian economy climbed up to N22.61 trillion in October....
The Nigerian bourse posted negative performances across its key market indicators this week as profit-taking efforts on the part of investors intensified. The bear maintained a strong hold...
The National Assembly has sent the Tax and Fiscal Law (Amendment), also known as the Finance Bill to President Muhammadu Buhari for assent. The president had...
The Estonian company, Bolt (formally doing business as Taxify) has Friday, December 20, announced its latest entry into two other Nigerian states as part of its...
The Nigerian Stock Exchange (NSE) ended the week in the negative territory Friday as profit-taking in some blue-chip stocks dragged the index further down. A negative...
Instagram, one of Mark Zuckerberg’s social networking platforms by acquisitions, has revealed intent to restrict adverts in 2020 promoting tobacco, alcohol, vaping and diet supplements. The...
Profit-taking activities caused the Nigerian Stock Exchange (NSE) to post negative performances across its key market indicators at the end of Thursday’s trading, abruptly ending the...
Nigeria’s digital lending platform, Carbon (formerly operating as Paylater) has announced its entry into the Kenyan fintech space as a new player. The fintech company, which...
By Przemek Chojecki… Reading books is one of the activities often quoted among those which characterizes successful CEOs. Our economy became a place where innovations are...
The Federal Government has so far generated a revenue of N4.25 trillion in 2019, the Minister of Finance, Budget and National Planning, Hajiya Zainab Ahmed said...
The Permanent Secretary, Ministry of Finance, Budget and National Planning, Alhaji Isa Dutse, said on Wednesday that the Federal Government, States and Local Government Councils had...
The Nigerian bourse recovered on Wednesday with key market indicators recording improved performance. The All Share Index (ASI) closed at 26,665.73 basis points, rising marginally 0.02%...
A recent ranking of Nigerian websites has revealed the dramatic growth being recorded by betting platforms operating in Nigeria. The ranking revealed that a handful of...
Rensource Energy, a Lagos-based renewable energy company, has raised $20 million in a Series A round investment. The new investment, which was co-led by CRE Venture...
Independent oil and gas company, Seplat Petroleum Development Company has completed the acquisition process of Aberdeen-based upstream oil and gas exploration and production firm, Eland Oil...
Washington-based International Monetary Fund (IMF) announced on Tuesday that total global debts soared by $3 trillion to $188 trillion by December 31, 2018 as Nigeria, China and other...
President Muhammadu Buhari on Tuesday, announced that Nigeria would collaborate with, and support Hyundai Engineering Company Limited to set up a car plant, and also rehabilitate...
The Nigerian Senate on Tuesday resolved to conduct an investigation into the alleged closure of over 600 Nigerian shops and businesses by Ghanaian authorities. The Senate,...
The Central Bank of Nigeria on Tuesday warned that it would suspend accounts of anyone hiding under the ECOWAS Trade Liberalisation Scheme to sabotage the federal...
Trading on the floor of the Nigerian Stock Exchange (NSE) closed on a bearish note Tuesday, a clear departure from the positive note on which yesterday’s...
Nigeria’s inflation rate climbed to 11.85% in November 2019, up from the 11.61% recorded in October 2019. The change represented a 0.24% increase. The National Bureau...
Nigerians’ appetite for imported used vehicles (popularly called Tokunbo) has not diminished as the nation spent a whopping N509.8 billion importing them between January and September...
Nigeria’s foreign reserves has continued its free fall, declining from $39.8 billion to $39.24 billion between 11 November and 13 December this year, the latest data...
The Nigerian National Petroleum Corporation (NNPC) has revealed that its three refineries posted losses, amounting to N111.27 billion between January and September this year. The details...
Blue-chip stocks dominated the gainers’ list today, causing the Nigerian bourse to end on a bullish note with positive results recorded across its key performance parameters....
As part of efforts to redefine local business culture, Ubuy Nigeria, a local service marketplace, has launched its new website and app to connect local professionals...
The Nigerian stock market was gloomy for most parts of last week with the bear taking its toll on the market though the market experienced two...
The Nigerian National Petroleum Corporation (NNPC), on Sunday said it achieved a trading surplus of N5.2bn for the month of August, a 22 per cent inctease...
Six of the eight Power Distribution Companies (DisCos) which the Nigerian Electricity Regulatory Commission (NERC) had threatened with revocation of licence have complied with the approved...
The Bank of Agriculture was still in distress because no concrete effort was made to recapitalise, the Minister of Agriculture and Rural Development, Sabo Nanono, said...
The Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Sunday the Dangote Refinery would save the country over $10 billion spent on crude...
Hello, and welcome to our Business Roundup this week. In case you missed out on details, here are the top highlights of events that happened during the week. Headlines: Chinese...
The office of the Auditor-General of the federation has unearthed alleged series of irregularities in the award, implementation and payment of a contract worth N7.5 billion...
Turkish Airlines has flown a bigger aircraft to Nnamdi Azikiwe International Airport, Abuja, in compliance with a new directive. Ripples Nigeria had reported that the Nigeria...
The Transmission Company of Nigeria (TCN) has asked international electricity customers to pay up their $7 million electricity debt. Usman Mohammed, managing director of TCN, while...
The Bankers Committee Saturday introduced a classification of the Bank Verification Number (BVN) to fast track the achievement of the financial inclusion goal of 20 percent...
Hadi Sirika, the Minister of Aviation, has vowed to protect Nigerians from any scornful treatment by foreign airlines operating in the company. Sirika gave the assurance...
International Data Corporation (IDC) has revealed that Chinese-owned mobile company, Transsion, owners of the TECNO, Infinix and Itel brand, maintains top market leader position in Africa’s...
The Nigerian stock market recorded poor performances across its key market indices this week owing to series of profit-taking activities by investors. The bear was dominant in the...
