Minister for Communications and Digital Economy, Isa Pantami has suspended the planned implementation of USSD charges on bank transactions by Mobile Network Operators (MNO) after consultation....
Airtel Africa’s H1 2019 financial statement for the period ended September 30, 2019, shows that revenue for the group hit $1.6 billion (N500.2 billion). Airtel Africa’s...
NIGERIA and Russia on Thursday signed a Memorandum of Understanding (MoU), that would allow the Nigerian National Petroleum Corporation (NNPC) and Russia’s Lukoil to elevate the...
The Nigerian Stock Exchange (NSE) made a southward turn after Wednesday’s bullish round. The All Share Index closed at 26,367.24, down by 0.15%. Year to date,...
Stiff competition in the Nigerian alcoholic beverage space may have pushed Guinness Nigeria‘s profit into negative territory. This is according to the company’s financial statement for...
Going by the financial statement for the 9 months period ended September 30, 2019, released by 11 Plc (formerly Mobil Oil Nigeria Plc), increase in costs...
The unaudited financial statements for the 9 months period ended September 30, 2019 released on Wednesday, shows that oil marketer, Total Nigeria recorded a loss of...
World Bank’s Doing Business 2020 has ranked Nigeria 131 in overall ease of doing business. This is 15 places up from the 2019 spot. The World...
The Association of Nigeria Electricity Distributors (ANED) has said Electricity Distribution Companies (DisCos) will need N8.7 billion to comply with the remittance order by the Nigerian...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Wednesday said that fears being expressed over Nigeria’s debt portfolio were not necessary. According...
Executive Chairman of the Federal Inland Revenue Service (FIRS), Tunde Fowler, Wednesday revealed that Nigeria was losing about $15bn (about N5.37tn) to tax evasion annually. He...
A report released Wednesday, by a budget- tracking organisation, BudgIT, has revealed Lagos, Rivers, Akwa Ibom and Kano are the only economically viable states in Nigeria....
Omoluabi Mortgage Bank finally topped gainers’ chart after series of large volume trade as the Nigerian Stock Exchange (NSE) returned to positive territory. The All Share...
Tier 1 lender, Zenith Bank has released its Q3 2019 Consolidated and Separate Interim Financial Statements for the 9 months period ended September 30, 2019. This...
A quarterly survey report titled Inflation Attitudes Survey Report for Q3 2019 released by the Central Bank of Nigeria (CBN) has shown that Nigerians would rather have...
The Chief Executive Officer (CEO) of the Nigeria Financial Intelligence Unit (NFIU), Moddibo Hamnan Tukur, said on Tuesday that the agency tracked and reversed $1.5 million...
t is the earnings season yet the bearish trend still has a hold of the Nigeria bourse. The Nigerian Stock Exchange (NSE) All-Share Index ended in...
In a notification to the Nigerian Stock Exchange (NSE) and the investing public, Lafarge Africa has debunked a purported investigation ordered by the Securities and Exchange...
Lately, there has been an increasing push by commercial banks, struggling towards the claimed achievement of financial inclusion across 36 states of the country. This has resulted to...
Going by its Q3 2019 unaudited consolidated financial statements for the 9 months period ended September 30, 2019, tier 1 bank group, FBN Holdings Plc has...
United Bank for Africa (UBA) has released its Q3 2019 interim consolidated financial statements for the 9 months period ended September 30, 2019. The results show...
The Nigerian Stock Exchange (NSE) resumed its free fall in the first trading day of this week, closing the All Share Index at 26,390.08, down by...
In a bid to recover its N5 trillion debt, the Asset Management Corporation of Nigeria (AMCON) has solicited the assistance of the judiciary in its quest...
It’s the earning season and listed companies are expected to have a closed period, and some will be releasing their Q3 2019 results. Despite the earning...
The Nigerian Communications Commission (NCC) notified the general public on Sunday about a partial disconnection of Glomobile by Airtel Network Limited over non-settlement of interconnect charges....
The Electricity Generation Companies (GenCos), comprising gas-fired and hydro stations, on Sunday explained why they could not generate 1,631.5 megawatts of electricity 24 hours earlier (Saturday)....
The Minister of Finance, Zainab Ahmed, said on Sunday that the International Monetary Fund (IMF) backed the Federal Government’s decision to close Nigeria’s borders because it...
The Central Bank of Nigeria (CBN) has asked banks to move their business from telecommunications companies that are working on increasing the charges on unstructured supplementary...
Starting from Monday, MTN Nigeria and other Mobile Network Operators (MNO) will commence a N4 per 20 seconds charges on bank transactions via Unstructured Supplementary Service...
Managing Director, Transmission Company of Nigeria (TCN), Usman Gur, has said that the Nigerian government in collaboration with international donor agencies have set aside over 1.61...
Emerging reports say that the World Bank has approved a $3 billion loan for Nigeria. The facility is intended to assist the country deal with its...
Hello, the last 7 days have been quite eventful. Welcome to another serving of Business Wrap, a featured post highlighting some of the major events that unfolded...
The International Monetary Fund (IMF) on Saturday backed the Federal Government’s decision to close Nigeria’s borders with some neighbouring countries over illegal trade. The Comptroller-General of...
The Central Bank of Nigeria (CBN) on Thursday ordered the cancellation of requests for purchase of Treasury Bills at the Primary or Open Market Operation (OMO)...
A Central Bank of Nigeria’s (CBN) Financial Stability Report for 2018 has shown that seven banks are not adequately funded if there was a bank run...
Investors lost N41.5 billion as the Nigerian stock market ended the week bearish. They shed 0.32% on a week to date basis and 15.85% on a...
The Nigerian Stock Exchange (NSE) closed the last trading day on a bearish note. The All Share Index closed at 26,448.62 basis points, down by 0.03%,...
A corporate narrative on the Nigerian government’s decision to shut down its borders with illustrations on how this affects every spoon of rice residents in Nigeria...
Consumers might have to pay more for their favourite soft drinks as the Federal Government is considering adding excise duties on carbonated drinks. This, is according...
The federal, states and local governments in the country shared a total of N693.529 billion as revenue from the Federation Account for the m September, the...
The Nigerian government has revealed that the $3 billion loan facility it is seeking from the World Bank would be used to carry out reforms in...
The Nigerian Stock Exchange continued its downward trend in Thursday’s trading session, with the All Share Index closing at 26,456.29 basis point, decline by 0.06%. Year...
The Central Bank of Nigeria (CBN) has refunded part of N500 billion penalty deducted from banks as additional cash reserves after they failed to meet the...
The Central Bank of Nigeria will, on Thursday, auction Treasury bills worth N121.9 billion in the second Primary Market Auction (PMA) of the month of October...
Bearish sentiments on the Nigerian Stock Exchange (NSE) further depleted the market capitalisation to N12.89 trillion in Wednesday’s trading sessions. The NSE All Share Index closed...
According to the Q3 2019 financial statement released by Guaranty Trust Bank (GTBank) for the period ended September 30, 2019, the bank posted a revenue of...
The Central Bank of Nigeria (CBN) in its 2018 annual report for currency operation, released on Tuesday, said it detected a total of 119,663 counterfeit notes...
According to a report released by Nigeria’s Debt Management Office (DMO) on Federal Government, States, and FCT external debt stock, Nigeria’s external debt now stands at...
A corporate narrative on how tech, like a lady, seductively gained entrance into Africa’s largest economy; romanced with the youth; and got a handsome number of...
The International Monetary Fund (IMF) has expressed concerns that Nigeria’s per capita growth is weak, adding that strong measures were needed to move the growth into...
