The country’s merchandise trade expanded by 6.85% in the third quarter of 2019 relative to the second quarter, the National Bureau of Statistics (NBS) has revealed....
The Nigerian Government on Friday set year 2023 as the stop date for the importation of petrol into the country, shifting from the earlier set date...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Friday over $60 billion had been traded in the Investors and Exporters (I&E)...
The Nigerian Stock Market (NSE) closed the week in the negative territory today as key market indicators performed woefully. Profit-taking in some blue chip stocks caused...
The International Monetary Fund (IMF) on Thursday announced that oil-dependent economies like Nigeria’s continued to perform worse than countries dependent on other exports. According to the...
The National Assembly has passed on the 2020 budget to the presidency for final assent. According to reports, this was confirmed Thursday night by Umar el-Yakub,...
The Nigerian Stock Exchange ended trading on a positive note Thursday as the key market indicators recorded notable improvement. The All Share Index (ASI) closed higher...
The Chinese financial service firm, Opay, on Wednesday announced its launch of USSD service to enhance service delivery. The mobile payment startup made the announcement through...
Independent oil and gas firm, Seplat petroleum has completed a bridge facility refinancing process aimed at full acquisition of Aberdeen-based upstream oil and gas exploration company,...
The Nigerian bourse recovered from the long bearish run today. The market capitalisation closed higher at N12.758 trillion while the All Share Index appreciated by 0.19%...
Three months old digital-only Kuda Bank seems doing the unthinkable as it pioneers zero charges banking in Nigeria. Unlike other commercial banks, licensed by the CBN,...
The money spent by the Federal Government in subsidising petrol is anticipated to gulp a whopping N750.81 billion in 2020, the latest data from the Petroleum...
Although, described as long overdue, the Financial Services Initiative (FSI) on Monday launched a fintech industry innovation sandbox in Nigeria. The product, which is built to...
The Nigerian Stock Market (NSE) recorded yet another negative market breadth today as key market indicators performed woefully. Profit-taking in some blue chip stocks, continued and...
Nigerian banks remain stable despite the country’s negative rating by the global credit rating agency, Moody’s, the Nigeria Deposit Insurance Corporation (NDIC) said on Tuesday. The...
The Central Bank of Nigeria (CBN) expects to achieve 2.38 percent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year, the bank...
Car selling, buying and swapping platform, Cars45, has, Tuesday, December 10, announced its expansion to Ghana and Kenya. The tech-backed motor company made the announcement via...
The Director of Banking Supervision, Central Bank of Nigeria (CBN), Hassan Bello, said on Tuesday, that the apex bank would increase banks’ Loan to Deposit Ratio...
Online classifieds company, Jiji, has raised $21 million in Series C and C-1 financing from six investors, emerging report from the company has revealed. The funding,...
The Asset Management Corporation of Nigeria (AMCON) on Monday took over operations of Cedar Oil and Gas Exploration and Production Limited after a Federal High Court...
A committee headed by Kayode Fayemi, the Chairman of the Nigeria’s Governors’ Forum, has begun preparation of a plan that will bestow full control of solid...
Nigeria’s power generation and distribution companies have warned of the possibility of a blackout all over the country, if the Federal Government fails to grant their...
The bearish run that started last Monday entered its sixth day today as the Nigerian bourse recorded a negative market breadth at the close of trade....
Online booking platform, Travelstart, has reportedly acquired Jumia Travel, a subsidiary company of Jumia cutting down, by implication, the overall market size of Jumia. This development...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio, said on Monday the Federal Government has launched the Open Treasury Portal...
Recent developments have shown that Opera’s cab hailing platform, OCar, is fast thinking of making profits as it moved from charging N200 to current N250 on...
Ahmed Kuru, the Managing Director and Chief Executive Officer of the Asset Management Company of Nigeria (AMCON) has ascribed the high incidence of airline failure in...
The Nigerian stock market was gloomy all through last week with bearish run taking its course Monday through Friday. The two key market performance indicators simultaneously...
The Senate, through its president Ahmad Lawan, has promised to commence work on the Petroleum Industry Bill (PIB) the moment senators resume work in January 2020....
Hello. Another Sunday is upon us for our Business Roundup this week. In case you missed out on details, here are the top highlights of events that happened during the...
Africa’s largest economy, Nigeria, has been ranked 52, behind 2 other African countries –South Africa and Kenya in the recent Global Fintech Index. The ranking, as...
The Nigerian bourse posted lacklustre performances across its key market indices this week. The All Share Index (ASI) slumped by 0.54% to 26,855.52 basis points from the 27,002.15 recorded...
The Nigerian Stock Exchange (NSE) completed a week of bullish run Friday as the market recorded a negative market breadth again. The All Share Index (ASI)...
Saudi Arabian national petroleum and natural gas company, Saudi Aramco, has successfully completed its Initial Public Offering (IPO), where it raised a record $25.6 billion (£19.4bn)...
Nigeria is now among the top new countries using bitcoins, the latest edition of “The Nigerian Banker,” a journal of The Chartered Institute of Bankers of...
Payment of online tax on products bought on the internet through eCommerce platforms and delivered to customers may start in January 2020, the Federal Inland Revenue...
The Federal Government, on Thursday said the country will start exporting rice to other countries in the next two years given the impressive rise in the...
The Nigerian bourse recorded a negative market breadth for the fourth straight day this week as profit-taking activities held sway throughout Thursday trade. The All Share...
There are possibilities that electricity tariffs might escalate to new heights according to Sale Maman, the Power Minister. He said this on a phone-in radio programme...
Global credit rating service, Moody’s Investor Service, gave a gloomy outlook of Nigerian government’s ratings on Wednesday, changing the prospects from stable to negative, in a report...
The parent company of Youtube, Gmail and over 200 digital firms, Google, has announced its next move to enter Nigeria via shopping ads in a couple...
The Cinema Exhibitors Association of Nigeria (CEAN) has, in its latest publication, revealed that Nigerians spent a total of N449,942,977 to watch movies in the month...
Four revenue-generating agencies, including the Nigerian National Petroleum Corporation (NNPC), the Federal Inland Revenue Service (FIRS) and the Department of Petroleum Resources (DPR), failed between them...
The Buhari Media Organisation (BMO) has described the 2019 Nigeria economic update by World Bank as correct but an inconclusive analysis. BMO said the World Bank...
Wednesday, the Nigerian bourse recorded a negative market breadth for the third time this week as the key performance indicators went lower. The All Share Index...
The Managing Director of Aiteo Eastern Exploration and Production, Victor Okonkwo said on Wednesday that the company has lost about four million barrels of crude to...
The Nigerian Communications Commission, NCC, has, in its November data updates, revealed that 493,556 subscribers on 9mobile and Glo networks have changed service providers, opting either...
According to the Central Bank of Nigeria (CBN), the nation’s spending on commodities: rice, wheat, fish and sugar reached N1.3 trillion in the last one year....
Banking stocks were the most preferred stocks Tuesday as the Nigerian bourse closed on a bearish note for the second consecutive day this week. The All...
The Nigerian credit firm, operating as Mines has changed its name to Migo as it completes plans to expand operations to Brazil in South America, the...
