The Nigerian Stock Exchange (NSE) short-lived its gains from Monday’s trading session, shedding 0.16% in Tuesday’s trading session. The NSE All Share Index closed at 26,513.65...
The National Bureau of Statistics (NBS) has put the inflation rate for September 2019 at 11.24%. This is higher than the previous month’s 11.02%. The National...
Transcorp Hotels Plc, a subsidiary of Transnational Corporation of Nigeria Plc (Transcorp Plc), on Monday, received a Certificate of Discharge, indicating the hospitality company has fulfilled...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that lack of proper maintenance of facilities over the years was...
Minister for Finance, Budget and National Planning, Zainab Ahmed, has revealed that the under-recovery of Premium Motor Spirit, popularly referred to as fuel subsidy, would gulp...
According to a report released by the Central Bank of Nigeria (CBN), on Friday, financial inclusion rate has increased to 63.2% as at the end of...
The Nigerian Stock Exchange (NSE) may be about to rebound from its losses as it closed on a positive note Monday. The NSE All Share Index...
There has been a lot of uproar from Nigerians about the amount budgeted for debt servicing (N2.75 trillion), recurrent(N4.88 trillion), and capital expenditure (N2.14 trillion) in...
Last week was a bearish one for the Nigerian Stock Exchange (NSE), with the market shedding 1.68%. Out of the traded stocks we have carefully curated...
The Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Bureau of Public Procurement (BPP) has been directed to step up moves to recover over...
The Kaduna State Government has proposed a N245.4 billion budget for the 2020 fiscal year. During a town hall meeting held on Saturday at Gen. Hassan...
According to the 2020 Appropriation bill draft released by the Budget Office of Nigeria, the amount budgeted for health and education in the proposed 2020 budget...
The Lagos transportation system has evolved from the traditional yellow taxis (though still exist) to the now modernised or luxury cabs and motorcycle hailing business. These...
The 36 states in Nigeria including the Federal Capital Territory (FCT) generated a total sum of N691.1 billion in the first half of 2019. This is...
Again, investors are counting their losses as the Nigerian Stock Exchange (NSE) market capitalisation got depleted by N24 billion, leaving the All Share Index at 26,533.78...
Come 28th of November, nearly a month and half to the present, the 2020 Appropriation Bill will be passed as has earlier been hinted by the Chairman, House...
The Manufacturers Association of Nigeria (MAN) has begun to count their losses, on a daily basis, over the indefinite closure of borders by the Federal Government....
The national chairman of the Nigerian Institute of Metallurgical, Mining and Materials Engineers, Ayo Adeyemo, on Thursday, has hinted that Nigeria loses $292 billion annually to...
In an open letter to President Muhammadu Buhari, former Nigerian Bar Association (NBA) president and maritime lawyer, Dr Olisa Agbakoba Thursday urged the federal government to...
Custodian Insurance, one of the top trades by volume, slipped into the losers’ chart in Thursday’s trading session. The Nigerian Stock Exchange (NSE) closed negative with...
The Federal Government said on Thursday it has signed a $3.9 billion agreement with a Chinese firm, China Railway Construction Corporation (CRCC) to facilitate the construction...
The Nigerian Government has made the payment of £250,000, which a commercial Court in London ordered it to pay to Process and Industrial Developments Limited (P&ID)...
The Lagos Chamber of Commerce and Industry (LCCI) on Wednesday commended the return to the January -December budget circle but described as unrealistic the exchange rate...
Telecoms giant, Airtel Africa, on Wednesday, announced it had entered a partnership with multinational financial service company, MasterCard to give Airtel’s 100 million subscribers across 14...
Investors, on Wednesday, lost N102.7 billion in the trading session on the Nigerian Stock Exchange (NSE). Market capitalisation dropped to N12.9 trillion from N13 trillion the...
The International Monetary Fund (IMF) has raised concerns about the proposed increase in Value Added Tax (VAT), of which the proposed 2020 budget was partly predicated...
Nigeria Government is planning to enforce a 2018 Supreme Court ruling that will it recover the sum of N18.9 trillion ($62 billion) from International Oil Companies...
Going by the conclusion of an International Monetary Fund (IMF) team led by Amine Mati, Senior Resident Representative and Mission Chief for Nigeria, the apex bank,...
The Federal Government on Tuesday defended its decision to increase Value Added Tax (VAT) from five percent to 7.5 percent, saying the review should have been...
Eight electricity distribution companies (Discos) in the country may have their licences revoked by the Federal Government for their failure to meet the remittance threshold as...
Tier-2 lender, Wema Bank Plc and ICT firm, Courtville Business Solution Plc, fell into the losers’ chart in today’s trading session on the floor of Nigerian...
The Nigerian National Petroleum Corporation, (NNPC) said on Tuesday that buyers of the divested assets of its Joint Venture partners have failed to make meaningful contributions to...
The recently proposed Communication Service Tax Act (CTA) by the Senate may have given the Nigeria Government another viable source of revenue but creates huge burden...
Union Bank of Nigeria Plc has notified the Nigerian Stock Exchange (NSE) of its board meeting to consider the bank’s results for the 9 months period...
The Federal Executive Council (FEC) has accepted the over N700billion increase in the Medium Term Expenditure Framework (MTEF) put together by the National Assembly. The lawmakers...
Workers in the financial sector on Monday vowed to shut down banks and other financial institutions across the country over the increasing casualisation of workers in...
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, on Monday said the planned increase of Value Added Tax (VAT) in the country will...
The Nigerian Stock exchange continues its bearish trend in the first trade of the week. The All Share Index (ASI) closed at 26,866.41 basis points, down...
Financial service group, FCMB Group Plc, in a notice to the Nigerian Stock Exchange and the investing public, said it won’t be able to release its...
Understanding the place of visionary dialogues and economy-focused exchanges aimed at repositioning Africa’s largest economy, Nigeria, the Nigerian Economic Summit Group, NESG, selected top drivers in business across Nigeria...
President of African Development Bank (AfDB), Dr Akinwunmi Adesina, on Sunday applauded President Muhammadu Buhari for nominating him for re-election. He spoke at an event in...
Hello there, it’s Sunday. And, here is the Business Wrap, a featured post highlighting some of the major events that unfolded during the week ended 5th of...
The Nigerian Stock Exchange closed the first week of trading in the month of October on a bearish note – which means the bourse closed negative...
Nigeria’s Minister of Finance, Mrs Zainab Ahmed on Thursday said the Federal Government would suspend employment as a means to sustain the 2020 budget. She also...
The two leading global economies, the U.S. and China, have succeeded in maintaining a high profile through creating a space that encourages business growth and building alluring cities that attract investors from the outside. While...
Lagos was an orderly urban environment 70 years ago. This was the case from the 1950s, when the city was a federal territory through to the...
The Comptroller-General of the Nigerian Customs Service, Hameed Ali, has revealed that the service had been making between N4.7bn and N5.8bn daily as a result of...
The Nigerian Senate has asked three of its committees to immediately probe seven International Oil Companies (IOCs) for alleged refusal to remit to the government about...
Former Governor of Central Bank of Nigeria (CBN) Prof. Charles Soludo, on Tuesday said Nigeria’s economy was still dwindling as the government had failed to consider...
Rwanda, a landlocked and hilly country beside Uganda, is famous for its gory past which is riddled with what went down in history as a gruesome marker of time....
