The National Bureau of Statistics (NBS), in its latest report, has revealed that the volume of electronic transactions recorded by banks between July and September this...
Independent oil and gas firm, Seplat Petroleum Development Company Plc, is now set to complete the acquisition process of Aberdeen-headquartered upstream oil and gas exploration company,...
Given the lull and uncertainty in the global oil market at the moment, the World Bank Group has forecast the emergence of another recession in Nigeria....
The eventual entry of the Ugandan bike-hailing company, SafeBoda, into the shores of Nigeria has confirmed again that more foreign investors have a soft spot for...
Nigeria has been ranked as one of five West Africa Countries topping the energy access status in the ECOWAS region with their population having access to...
Profit-taking in some blue-chip stocks precipitated a fall in market capitalisation today as the Nigerian bourse opened the week on a bearish note. The market capitalisation...
Globus Bank, a newly licensed commercial bank by the CBN, largely harnessing the use of technology to meet customer needs, has revealed its plans to open...
Owing to perceived implications of the proposed Finance Bill on the economy, the Organised Private Sector (OPS) is prodding President Muhammadu Buhari to decline his approval...
Just as it did at Full Year 2017, agro allied firm, FTN Cocoa Processors Plc has announced a Loss After Tax for FY2018, this time in...
In what is claimed as a disruptive product, LandWey, a Nigerian-owned firm and player in the real-estate space, has launched a Prop-Tech lab. The firm, in...
Last week, the Nigerian bourse posted more positive performances on daily basis than it did negative results, causing the week to end on a positive note....
Hello and welcome to the Business Roundup this week. In case you missed out on details, here are the top highlights of events that happened during the week. Headlines: Chevron...
The Nigerian bourse recorded some positive performances across its key market indices this week. The All Share Index (ASI) rose marginally by 0.04% to 27,002.15 basis...
California-based global oil giant, Chevron, has formally initiated the sale of its interest in its Nigerian offshore exploration, comprising two hydrocarbon blocks. The proceeds from the divestment...
The Nigerian bourse posted a positive market breadth again today to end the week with a bullish as blue chip stocks led gainers. Improvements were recorded...
First City Monument Bank (FCMB) Group Plc has posted a 4.85% slide in Profit After Tax (PAT) for the nine months ended 30 September, 2019 compared...
The Nigerian bourse posted a positive market breadth again today to end the week with a bullish as blue chip stocks led gainers. Improvements were recorded...
A massive interventionist gesture from a foreign body, in some way the greatest in the history of the nation’s power transmission history in recent years, came...
The Nigerian bourse made a bullish recovery Thursday afternoon after the bear held sway for two days, thanks to gains recorded by some blue chip stocks....
Nigeria Extractive Industries Transparency Initiative (NEITI) said on Thursday the country realised about $21 billion from the oil and gas sector in 2017. The agency disclosed...
Only few days to its ultimate close of business in Cameroon, Jumia has, again, announced its business withdrawal from Tanzania, another East African country. While this...
In a gesture of appeasement following repeated public outcry against the recent stamp duty reform that imposed N50 charge on every electronic transaction above N1,000, the...
A recent market insight publication from the FT Partners, Fintech Industry Research, has revealed that nearly half of existing Fintech customers are Africans, indicating that Africa’s...
Students of the Ahmadu Bello University (ABU), Zaria, will in days ahead make up Awabike’s second market base, the result of a new business signing as...
There may be major distruptions in banking activities in the country as telecommunication companies have vowed not to offer free USSD service for banking activities. This...
The International Monetary Fund (IMF) on Wednesday for the third time this year, expressed concerns over the rising debt profile of Nigeria, saying that the debt...
Minister of Finance, Budget and National Planning, Zainab Ahmed, Wednesday disclosed that the closure of the country’s land borders was contributing to rising inflation. Figures from...
The Nigerian Stock Exchange (NSE) ended Wednesday’s trading on a bearish note as the market capitalisation closed lower at N12.930 trillion. The All Share Index (ASI)...
In a timely recognition of how the current lull in the global oil market might stand in the way of a meaningful implementation of the 2020...
The latest development around Sim Shagaya’s education project, uLesson, is no doubt fascinating as the ex-Konga boss secures a fresh $3.1 million investment funding. While reports...
Profit-taking activities in some blue-chip stocks caused the market capitalisation of the Nigerian Stock Exchange to close lower at N12.975 trillion Tuesday, halting the one-week old...
Wartsila, 185-year-old Finnish company providing sustainable solutions to marine and energy sectors, has revealed its plans for a future of total reliance on renewable energy for...
Rising from its Monetary Policy Committee (MPC) session this afternoon, the Central Bank of Nigeria (CBN) announced its retention of the Monetary Policy Rate (MPR) at...
The possibility of Nigeria’s local currency, the Naira, shedding its value in Quarter 3 in response to its perennially strong import culture, which far outpaces its...
After its South Africa 5G network trial, telco player, MTN Nigeria, on Monday conducted a trial in Abuja to examine possibilities and get real time insights...
Blue-chip stocks dominated Monday’s gainers’ list, thus leading the Nigerian bourse further on its bullish trend as the Exchange recorded five straight days of positive results...
All things being equal, the sweeping corporate transformation process that saw Femi Otedola-led Forte Oil PLC lose ownership to new investors some five months ago will...
Emerging report from the transportation authority in London on Monday informed the public on Uber’s loss of licence on account of operational lapses. The cab-hailing service...
After years of success as a transport sector player in Nigeria, tech-first transportation company, GIGM, on Friday launched operation in Ghana, unveiling take-off terminals in Accra...
Investment inflow into the Nigerian economy declined by $460 million in the third quarter of 2019, the National Bureau of Statistics (NBS) said on Monday. According...
The week that just went by was an uncomfortable one for investment at the Nigerian Stock Exchange (NSE) as the market capitalisation closed lower than that...
In a bid to ensure that unclaimed dividends are cleared, the Securities and Exchange Commission (SEC) at the weekend said there is no timeline yet for...
In recognition of the utilitarian values of Public Private Partnership (PPP) to the populace, Central Bank chief, Godwin Emefiele has called for bigger participation of corporate...
Hello, it’s Sunday. Welcome to this week’s Business Roundup. Read through to see some of the top events that happened during the week. Headlines: Nigerian govt moves to revive Enugu...
The travails of the chairman and CEO of Air Peace, Allen Onyema over an alleged $20 million fraud in the United States seems far from over....
The Federal Government has said it is ready to revive the coal mines in Enugu State so as to enable them contribute to the socio-economic development...
The Nigerian Stock Exchange recorded mixed fortunes across key market indices this week as performance parameters variously took negative and positive directions. The All Share Index...
The Chairman/CEO of Air Peace, Allen Onyema, on Saturday denied allegations of bank and money laundering filed against him by the United States Justice Department. The...
Chairman and CEO of Air Peace, Allen Onyema was on Friday charged with bank fraud and money laundering to the time of about $20 million in...
The National Pension Commission (PenCom) has revealed that pension funds administrators in the country invested a total of N34.89 billion in infrastructures as at the end...
