In a bid at deepen the foreign exchange market, boost liquidity and attain convergence in the exchange rates, the Central Bank of Nigeria (CBN) has given...
The Nigerian equities market sustained its positive run with investors making N374 billion in profit at the close of trading on Friday. This followed the growth...
The National Bureau of Statistics (NBS) said on Friday the average cost of a healthy diet per day in the country stood at N1,041 in May....
Shareholders of MRS Nigeria Limited have approved the voluntary delisting of the company’s shares from the Nigerian Exchange Limited (NGX). Following the delisting, the company whose...
The Security and Exchange Commission (SEC) has identified regulatory uncertainty, security concerns, and financial literacy as serious threats to cryptocurrency use in the country. The agency’s...
For the second consecutive day, the Nigerian equities market sustained its positive run as investors made N6.2 billion in profit at the close of trading on...
The latest Nigerian Treasury Bills (NTBs) auction carried out on Wednesday fetched the Federal Government N284.26 billion from yield-hungry investors. The Debt Management Office (DMO) announced...
PricewaterhouseCoopers (PwC), a multinational consulting firm, has said the various reforms initiated by President Bola Tinubu’s administration has hurt businesses and households due to shocks such...
Billionaire businessman, Femi Otedola, has again splashed N183m on additional shares in FBN Holdings to further increase his stake in the company. The fresh acquisition was...
The Nigerian equities market rebounded from its negative run with investors making N94 billion at the close of trading on Wednesday. This followed the growth in...
As Nigeria’s crude oil production continues to fall below the 1.5 million barrels per day quota allotted by the Organisation of Petroleum Exporting Countries (OPEC), the...
Despite the recent slump by the Naira against the dollar, Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) has expressed optimism that the excessive...
Investors in the Nigerian equities market lost N250 billion at the close of trading on Tuesday. This followed the dip in the share value of OANDO,...
Following allegations by the Dangote Refinery and Petrochemical Plant that some major oil marketers are importing dirty fuel into the country, the Nigerian Midstream and Downstream...
In a bid to enhance local currency liquidity for the settlement of diaspora remittances, the Central Bank of Nigeria (CBN) has granted eligible international money transfer...
ExxonMobil, on Monday, moved to quell concerns about its long-term commitment to Nigeria, following announcements of asset sales. The oil giant recently met with Nigeria’s Minister...
A few days after Femi Otedola acquired 863m shares of FBN Holdings to become the single largest shareholder of the financial services giant, the billionaire businessman...
The equities market started the week on a negative note again as investors recorded a loss of N51.70nbn at the end of trading session on Monday,...
Shoprite Mall has announced that it will be closing its branch located at Novare Central Mall in Wuse Zone 5, Abuja, effective June 30, 2024. This...
Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has lamented the large number of licenses being granted indiscriminately to marketers who he...
As Nigerians battle rising inflation and economic hardship, loans taken by Nigerians from banks rose to N3.82 trillion in January. This was 11.9 percent higher than...
Recently, FCMB Asset Management Limited (FCMBAM) held a signing ceremony for Nigeria’s first Naira denominated Private Debt Fund, the FCMB-TLG Private Debt Fund. The Fund, which...
GTCO, Transcorp, Guinness, Presco top the list of stocks to watch in the new week as investors seek to recover from the N103 billion loss recorded...
Dangote Industries Limited (DIL), has accused international oil companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals through...
Revenue generated by electricity Distribution companies dipped by N3bn in the first quarter of 2024, fresh data by the National Bureau of Statistics (NBS) has shown....
President Bola Tinubu has praised the Ministry of Solid Minerals Development for achieving a significant milestone in the country’s economic diversification drive. The ministry successfully carried...
The Nigerian government has reported strong interest from China in bolstering economic ties, with over 200 Chinese firms expressing a desire for collaboration. This report was...
British Airways has grounded its aircraft at the Murtala International Airport in Lagos due to a technical fault. However, the airline has apologized to its passengers...
The Nigerian Electricity Regulatory Commission (NERC) has approved N21 billion for the 11 electricity Distribution Companies (DisCos) to provide meters for customers. NERC gave the approval...
Investors in the Nigerian equities market ended the week’s trading with a N56 billion loss on Friday. This followed the dip in the share price of...
Following a recent directive by the Central Bank of Nigeria (CBN) to commercial banks in the country to increase their capital in support of the nation’s...
The African Development Bank (AfDB) and Infrastructure Credit Guarantee Company Limited have signed an agreement for a $15 million subordinated loan facility to strengthen InfraCredit’s capital...
Africa needs to be competitive and efficient in its area of strength, according to Mustafa Chike-Obi, the Chairman of Fidelity Bank. Speaking recently on the sidelines...
The Federal Government is targeting at least N450 billion through its latest bond offer for June 2024. The Debt Management Office (DMO) disclosed this in a...
Nigeria’s total public debt has risen by a whopping N24 trillion in the first three months of the year to hit N121.67 trillion. The Debt Management...
The naira slumped marginally against the United States dollar on Thursday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the domestic currency traded...
Investors in the Nigerian equities market made N1 billion at the end of trading on Thursday. This followed an increase in the share price of stocks...
In the midst of its ongoing trial with the Nigerian government, cryptocurrency exchange platform, Binance Holdings Limited has been slammed with a fine of 188.2 million...
Lagos, Niger and Kwara states have topped the lists of states with the cheapest average retail prices for Premium Motor Spirit (PMS) popularly called petrol as...
Residents of Zamfara, Bayelsa and Abia States topped the list of states that paid more as the price of 12.5 kilograms (kg) of liquefied petroleum gas...
French multinational integrated energy and petroleum company, TotalEnergies is set to invest $550 million to develop a gas processing facility in Rivers State to boost exports...
The equities market resumed from the Eid-El-Kabir holiday with investors losing N47 billion at the end of trading session on Wednesday. This followed a dip in...
Declining export and import have crashed Nigeria’s total trade with the United Kingdom by N105bn in the first quarter of 2024 despite the higher value realised...
The Federal Government and African Export-Import Bank (Afreximbank) have signed a $3.5 billion deal to boost the textile industry and promote the use of Compressed Natural...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has extended the deadline for the registration and submission of pre-qualification documents for the 2024 oil block licensing round....
Guaranty Trust Bank now (GTCO) has dragged 60 top executives of 13 commercial banks to court over a N17 billion Anchor Borrowers Programme (ABP) debt. The...
Zenith Bank, United Bank for Africa (UBA), AccessCorp, and Total Plc topped the lists of stocks to watch when the market opens after the Eid-El-Kabir on...
The mounting debt profile of Nigeria and other African countries has forced the African Development Bank (AfDB) to launch the African Debt Managers Initiative Network (ADMIN)...
Lagos, the economic powerhouse of Nigeria, is divided into two distinct regions: Lagos Island and Lagos Mainland. Each region offers unique qualities, economic opportunities, amenities, and...
Nigeria’s headline inflation rate has increased to 33.95 percent in May. The National Bureau of Statistics (NBS) disclosed in its latest Consumer Price Index (CPI) released...
