The Nigerian National Petroleum Corporation (NNPC) said on Monday that it is planning to build two new 200,000 barrels per-day condensate refineries in the country. This...
The Nigerian Stock Exchange (NSE) opened the week on a bullish note. The market’s All Share Index closed at 26,401.06 basis points, up by 0.41%. Year...
Nigeria’s tech and logistics space is set to welcome GIGGo, an App specially designed to ensure faster and reliable deliveries. The solution is a product of...
Nigerian financial technology company Interswitch has made a detour from its core of providing digital solution for payment to health technology through the acquisition of 60%...
A Nigerian, Uduak-Joe Ntuk, has been appointed the oil and gas supervisor at the US state of California. The Governor of California, Gavin Newsom, who announced...
The Debt Management Office (DMO) will on Monday, November 4, 2019, sell 2-year and 3-year Federal Government Savings Bond in its November 2019 issue. The savings...
Despite having 3 days of bullish run, it wasn’t enough to stop the Nigerian Stock Exchange (NSE) from closing on a bearish note. The week saw...
Saudi’s equivalent of the Nigerian National Petroleum Corporation (NNPC) – which happens to be the world largest oil exporter – Saudi Aramco is finally ready to...
Hello and welcome to the Business Roundup this week. Here are the top highlights of events that happened during the week that ushered in the new...
Globally, gone are the days when the female gender only takes up jobs as secretaries, office assistants or storekeepers -when all they could aspire for are...
The Nigerian Stock Exchange closed the week on a bearish note despite having 3 days of bullish trade. The market opened at 26,348.73 basis points and...
American tech firm, Google in an announcement on Friday, has agreed to acquire fitness wearable device maker, Fitbit for the sum of $2.1 billion, in a...
The Nigerian Stock Exchange (NSE) closed the week on a bearish note, with the All Share Index down by 0.24% (26,293.30 basis points). Year to date...
Plans to resurrect the dormant Ajaokuta Steel Company Limited might have been dealt a blow as the company involved in the botched concession of the steel...
A report by the Central Bank of Nigeria (CBN) on Thursday revealed that Nigeria’s foreign reserves fell by $1.26 billion from $41.76 billion in October 2...
The Nigerian Stock Exchange (NSE) appears to be returning to profitability as the market closed bullish in Thursday’s trading. Today’s positive performance makes it the third...
Oil downstream sector operator, Forte Oil has reported an impressive Q3 2019 earnings with profit after tax up by a whopping 1,408%. Forte Oil, whose financial...
Major cement producer, Dangote Cement has posted a drop in performance in its Q3 2019 financial statement for the 9 months period ended September 30, 2019....
Car dealers on Wednesday lamented over two different duties charged by Nigeria Customs Service (NCS), which they say contravened the rule of the World Trade Organisation...
Nigeria’s Minister of Aviation, Hadi Sirika, has declared that Arik Air is not qualified as a national carrier. The minister stated this on Wednesday in Abuja...
Wheat milling company, Dangote Flour Mills Plc has recorded an abysmal performance going by its Q3 2019 unaudited financial statement for the 9 months period ended...
The Nigerian Stock Exchange (NSE) ressurected from yesterday’s loss with a 0.25% gain in Wednesday’s trading session. The market closed at 26,310.77 basis points. Year to...
Food and beverage company, Nestle Nigeria on Wednesday reported an 11.24 percent increase in profit after tax of N36.8 billion in its Q3 2019 financial statement...
MTN Nigeria insisted on Wednesday that it had not committed any offence and will continue to defend its position on the $2billion tax dispute. The telecommunication...
Mobile network operator, MTN Nigeria, on Wednesday released its financial statement for the period ended September 30, 2019, recording a 28.94 percent in profit after-tax. MTN...
Chinese software developer, Opera, has launched a new platform, Oleads for Small and Medium Enterprises (SMEs) in Nigeria. The platform which has over 3,000 businesses on...
In a notification sent to the Nigerian Stock Exchange (NSE) and the investing public on Wednesday, the board of Cement Company of Northern Nigeria (CCNN) said...
The Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele said on Tuesday that more than N100 billion investment is required to revive Nigeria’s Cotton,...
The Nigerian Stock Exchange (NSE) closed Tuesday’s trading on a bearish note despite earnings from NSE 30 companies, eroding more than the gains from yesterday’s trading...
The Managing Director of Wärtsilä Nigeria, Wale Yusuff, said on Tuesday Nigeria would only achieve its 11,000 megawatts target if the government invests in renewable energy....
MTN Nigeria is not out of troubled water yet as a Federal High Court in Lagos has picked January 30, 2020 and January 31, 2020 for...
Few days ago, the president was reported to have said that once the low index infrastructure challenge is solved, Nigerians will go about their livelihood with...
Alcoholic beverage maker and a subsidiary of AbInBev, International Breweries has recorded a whopping 130.41% increase in loss after tax in its Q3 2019 financial statement...
The Nigerian Stock Exchange (NSE) opened the trading week on a bullish note. The All Share Index closed at 26,384.45 basis points, up by 0.14% and...
The Central Bank of Nigeria (CBN) has given a tier 1 lender, Access Bank a “No Objection” approval for its proposed acquisition of controlling equity interest...
It is common knowledge that Small and Medium Enterprises (SMEs) mostly close shop at the expiration of their rents due to harsh business terrain in Nigeria...
Nigeria tier-1 banks, Access Bank, FBN Holdings, Guaranty Trust Bank, United Bank for Africa, and Zenith Bank, also referred to as the FUGAZ, made a total...
The Nigerian Stock Exchange (NSE) had 4 days of bearish sessions that even one day bullish run could not overturn. Within this period a lot of...
Nigeria recently partially closed its border with Benin in an effort to stem the smuggling of rice. It then went on to close its land borders...
Hello, it’s Sunday again. And, Business Wrap is upon us. Remember this serving is a featured post highlighting some of the major events that unfolded during...
The Executive Director of the LITF Complex Management Board, Chief Lucy Ajayi, said the plans to concession the LITF complex had not taken a back seat....
Nigeria’s online video on-demand platform, iROKOtv may be on its way to be listed through an Initial Public Offer (IPO) on the London Stock Exchange. Several...
Despite a 1.93% increase in revenue of alcoholic beverage maker, Nigerian Breweries (NB), its profit took a dive of 17%, according to the company’s financial statement...
The Nigerian Stock Exchange (NSE) ended this week’s trading with market capitalisation shedding N74.9 billion. The bourse All Share Index decreased by 0.38% on a week...
Going by the financial statement for the 9-month period ended September 30, 2019, released by Cement Company of Northern Nigeria (CCNN), the company recorded an impressive...
The Association of Micro Entrepreneurs of Nigeria (AMEN) has appealed to the Federal Government to urgently resolve issues around the closure of the country’s land borders,...
The Nigerian Stock Exchange (NSE) rounds up the last day of trading this week on a bearish note with investors losing N14.3 billion. The All Share...
Stanbic IBTC, in its Q3 2019 financial statement for the 9 months period (9m) ended September 30, 2019, recorded a 66.68% drop in its earnings from...
Tier 1 lender, Access Bank has released an impressive financial statement for the period ended September 30, 2019, with profit after tax increasing by 44.23%. The...
In 2016, two giant multinational corporations, and manufacturers, retailers, and marketers of beverages and syrups (Coca-Cola and Pepsi), while reacting to the then unfavorable market situation...
