The Director-General of the Debt Management Office (DMO), Ms. Patience Oniha, said on Friday domestic borrowing accounts for 68 percent of Nigeria’s total debt profile of...
Nigeria’s Gross Domestic Product (GDP) grew by 2.28 percent in the third quarter of 2019, the National Bureau of Statistics (NBS) has said. The NBS, in...
Nigeria imports cassava derivatives valued at about $600 million annually, the head of the country’s central bank has said. Godwin Emefiele, the governor of the Nigerian...
The ownership of power distribution companies (Discos) is to come under review as the National Economic Council (NEC) resolved to carry out the exercise at their...
The Nigerian capital market rode on the back of blue chip stocks to close Thursday session on a positive note. The bullish run, beginning on Tuesday,...
Cross River State Governor, Ben Ayade has presented the state’s 2020 budget to the state House of Assembly, with a capital expenditure of 82 percent. The...
For the second day running, the Nigerian Stock Exchange sustained its bullish run on Wednesday as market capitalisation reached N12.924 trillion at the close of business. The All...
Nigerian Senate has passed the Finance Bill which would enable the amendment of seven Acts of the National Assembly relating to taxes payable in the country....
As much as 150 million Nigerians are at risk of being defrauded through telecommunications platforms, the Nigerian Communications Commission (NCC) has said. This was disclosed by...
Operations of one of Nigeria’s oldest banks, First Bank Nigeria may be disrupted from today (Thursday) if it goes ahead with an alleged plan to retrench...
For the second day running, the Nigerian Stock Exchange (NSE) sustained its bullish run on Wednesday as market capitalisation reached N12.924 trillion at the close of business. The...
ORide, OLeads, OList, OWealth, OFood, and now OCar –the Chinese bull and payment platform, Opay, has always been pushing its chest forward in the fierce battle...
Barring any change, the Nigerian Government will next year conduct a fresh round of licencing for untra-deepwater assets in the country. This was disclosed by the...
Cloud service provider company, Envivo Communications, has thrust its foot into the movie on-demand sector with the launch of its nvivoTV, reportedly claiming to become the...
The Nigerian Stock Exchange (NSE) ended Tuesday trading on a sound note as it recorded notable improvement across major market indices, thus reversing the lacklustre performance...
Although, the Chinese web service company, Opay, only announced its success in raising a fresh $120 million funding as it looks to expanding its operations to...
Trading on the floor of the Nigerian Stock Exchange (NSE) closed on a gloomy note Monday, a clear departure from the positive note last week ended....
The Nigerian Stock Exchange (NSE) seems to be finding its footing as the bourse have had 2 weeks closing bullish and depleting the losses. Last week...
A Nigerian medical startup, LifeBank, has, over the weekend, been announced winner of $250,000 from a Jack Ma Foundation initiative after impressing a 4-man penal to...
Happy Sunday esteem readers, welcome to this week’s Business Roundup. Here are the top highlights of events that happened during the week that you probably missed....
The British independent oil and gas company, Savannah Petroleum Plc, has announced its completion of acquisition of assets of the Seven Energy International Limited (SEIL) in...
The Asset Management Corporation of Nigeria, (AMCON), an agency acting as a stabilizing tool for the nation’s financial system may soon go into extinction if the...
Doing business, in Nigeria, has never been more competitive as it currently is. With a constant rise in price, year on year, as influenced by the...
The Nigerian Stock Exchange (NSE) rounded up today’s trading sessions in positive territory, with the All-share index growing by 0.03% to close at 26,851.68 basis points...
The Nigerian Stock Exchange (NSE) closes Wednesday’s trading session on a bearish note. The All Share Index closed at 26,339.11 basis points, down by 0.44%. Year...
Sixty-three years after the Oil Pipelines Act came into force, the country has continued to charge a meagre N50 for licences to operate pipeline networks worth...
The Nigerian Stock Exchange (NSE) closed the first day of trading this week with an Id el-Maloud gift. The bourse ended Tuesday bullish, with the All...
Multinational media and entertainment conglomerate, Walt Disney Company, on Tuesday launched its own online video stream/on-demand video platform. Disney+. The launch will see Disney rival Netflix,...
The march to economic stability has been rather too difficult for Nigeria, not particularly because of its massive population size of about 200 million but for widespread...
Global payment group, Visa has concluded plans to take up 20 percent stake in Nigeria’s Interswitch – a financial technology (fintech) company – ahead of its...
Last week was rewarding for investors as the Nigerian Stock Exchange (NSE) closed bullish, after wallowing in a streak of losses despite being in the earning...
A Senior Economist with the World Bank, Yue Man Lee, said on Saturday that Nigeria’s low revenue is restricting the government’s spending on human capital development....
A new report by the Central Bank of Nigeria (CBN) has revealed that the Federal Government recorded a fiscal deficit of N3.05trillion in its operations between...
Hello there, this is the Business Roundup for the week. We have featured, here, the top highlights of events that happened during the week to help...
The Association of Licenced Telecommunication of operators of Nigeria (ALTON) has warned that some regions in the country would experience communication disruptions due to the restrictions...
The Nigerian Stock Exchange (NSE) ended the week on a positive note, appreciating by 0.08% – week to date – despite 3 days of loss. The...
Tech enthusiasts and stakeholders within the logistics space on Tuesday graced the unveiling of GIGgo app, a mobile application that gives users the flexibility of shipping...
The Nigerian Stock Exchange (NSE) closed bullish today, after wallowing in 3 days of consecutive loss. The NSE closed up by 0.48% with the All Share...
Lagos State Governor, Babajide Sanwo-Olu, on Friday presented the 2020 appropriation bill of N1.168 trillion to the state House of Assembly. The 2020 budget comprises of...
The awareness of recent fire outbreaks in major markets is enough to keep every businessman awake, dreading the consequences of an unexpected fire disaster that is capable of...
The Nigerian Stock Exchange (NSE) closed Thursday’s trading on a bearish note, causing investors to lose N27.4 billion. The All Share Index closed at 26,188.24 basis...
Vice President Yemi Osinbajo on Thursday said Nigeria needed mobilization of domestic savings and foreign capital to finance the country’s infrastructure, agriculture, housing, SMEs, and other...
Due to the persistent woe the Nigerian Stock Exchange (NSE) is facing, Nigerian stockbrokers under the aegis of Association of Securities Dealing House of Nigeria have...
The Nigeria Extractive Industries Initiative (NEITI) on Wednesday said crude oil and refined products worth $41.9 billion were stolen from Nigeria in the last 10 years....
The Nigerian Stock Exchange (NSE) closed bearish again in Wednesday’s trading, losing more than it has gained this week. The bourse All Share Index dropped by...
Chinese payment platform, Opay in a tweet on Tuesday announced that it will be placing a N45 bank transfer fee on first transactions of the day...
The Nigerian Electricity Regulatory Commission (NERC) on Tuesday gave the eight power distribution companies (DisCos) till December 7, 2019, to explain why their license should not...
The Nigerian Stock Exchange (NSE) made a U-turn for the worst in Tuesday’s trading as bearish sentiment in the market causes it to close negative. The...
President Muhammadu Buhari on Tuesday approved the appointment of Sarah Omotunde Alade as Special Adviser to the President on Finance and Economy. The Senior Special Assistant...
The entrance of foreigners and foreign companies into another country is not a new adventure. In fact, this practice is as old as man, and almost...
