The Central Bank of Nigeria (CBN) has lifted the freeze order on the bank accounts of Belfour Oil and Gas Limited and about 139 others, This...
For the fourth consecutive day this week, the Nigerian equities continued its positive momentum on Thursday, May 30, 2024 as investors raked in a profit of...
The Board of Sterling Financial Holdings Company Plc will, at an upcoming annual general meeting (AGM), seek shareholders’ approval to raise up to N200 billion through...
The Nigerian National Petroleum Company (NNPC) Limited has disclosed that a settlement agreement has been signed for the divestment of ExxonMobil’s stake in Mobil Producing Nigeria...
Importers in the Nigerian business ecosystem might soon have a reason to smile as the presidential committee on fiscal policy and tax reforms disclosed that it...
Data from the Nigerian Electricity Regulatory Commission (NERC) has revealed a rise in monthly revenue for electricity distribution companies (Discos) despite ongoing complaints of low power...
For the third consecutive day, the Nigerian equities market sustained the positive momentum on Wednesday, May 28, 2024 as investors raked in a profit of N246bn...
A date in the month of September has been scheduled for Tiktok lawsuit, which seeks to overturn the recently enacted “Foreign Adversary Controlled Applications” law, which...
Wale Edun, Minister Of Finance And Coordinating Minister Of The Economy, has blamed the shutdown of about 800 companies in 2023 to foreign exchange market instability,...
President Bola Tinubu has reiterated the resolve of his administration to resolve the ongoing imbroglio surrounding the divestment issue delaying the Seplat and ExxonMobil deal. Consequently,...
Nigeria’s textile industry, once a major contributor to the nation’s economy, has received a significant shot in the arm with the announcement of $3.5 billion in...
The Naira traded for N1, 339.33 to a dollar at the official market on Tuesday. Data from the official trading platform of the FMDQ Exchange revealed...
Investors in the Nigerian equities market went home with N294 billion at the end of trading on Tuesday. This followed an increase in the share price...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said on Tuesday that President Bola Tinubu`s economic reforms have substantially improved the Federal...
The Minister of Agriculture and Food Security, Abubakar Kyari, has blamed the recent scarcity and hike in the price of tomatoes in parts of Nigeria on...
The President of the African Development Bank (AfDB), Dr Akinwunmi Adesina, said on Tuesday the continent was losing between $ 7 and $15 billion annually to...
The Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) has slammed the federal government over the recently mandatory registration of Point of Sales operators...
The Senate Committee on Capital Markets has confirmed Emomotimi Agama as the Director-General of the Securities and Exchange Commission (SEC). The committee also approved the appointment...
The Minister Of Aviation And Aerospace Development, Festus Keyamo, said on Monday Nigeria and the Kingdom of Saudi Arabia have agreed to resume cargo flight operations....
Investors in the Nigerian equities market had another week to forget shedding over N200bn in market capitalisations. This is as the market declined in three trading...
Former President Olusegun Obasanjo has blasted President Bola Tinubu’s over the removal of fuel subsidy and the unification of the exchange rate. Although the former president...
Letter of credit issued by banks for importation of goods fell to $204.47 million in the first quarter of 2024. The banks reported $549.22 million for...
VFD Group Plc., a proprietary investment company in Nigeria, on Saturday announced its Q1 unaudited financial results for the year 2024, reporting ₦2,620 billion profit after...
It may be tasky for Nigerians in the diaspora to be able to identify what a property entails if they have not been in Nigeria for...
President Bola Tinubu has approved a $100 million investment for class A shares in the proposed African Energy Bank. Announcing this in a statement signed, on...
The Nigerian equities market closed the week with a loss of N206 billion by investors on Friday. This followed the dip in the share price of...
The Minister of Power, Adebayo Adelabu, said on Friday the Federal Government would provide 10 million meters to electricity consumers in the next five years. The...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has assured Nigerians that the pains caused by ongoing monetary and fiscal reforms would soon...
The non-oil sector contributed 93.62 percent to Nigeria’s Gross Domestic Product (GDP) growth in the first quarter of 2024. The National Bureau of Statistics (NBS) disclosed...
The National Bureau of Statistics (NBS) has disclosed that Nigeria’s gross domestic product (GDP) the tool used to measure economic growth dropped to 2.98 percent in...
NASCON Allied Industries Plc for the financial year ended December 31, 2023, grew its turnover by 37 percent to N80.8 billion, a significant increase from the...
The Nigerian equities market dipped further on Thursday as investors lost N84 billion at the close of the day’s trading. This followed a dip in the...
The African Development Bank (AfDB) has invested $1.44 billion to support the development of energy and power, transport, water, and other infrastructural projects in Nigeria. The...
The Nigerian Civil Aviation Authority (NCAA) on Wednesday vowed to invoke relevant sections of its regulations to sanction Turkish Airlines over the mistreatment of Nigerian passengers....
Investors in the Nigerian equities market lost N89 billion at the close of trading on Wednesday. The bourse had recorded two consecutive profits on the trading...
The Progressive Shareholders Association of Nigeria (PSAN) challenged the constitutionality of the 0.5% cybersecurity levy imposed by the Central Bank of Nigeria (CBN) at the Federal...
The Minister of Budget and Economic Planning, Atiku Bagudu, on Wednesday blamed Nigeria’s dwindling oil production output on under-investment in the sector. Bagudu spoke at the...
The Naira traded for N1, 465.68 to a dollar at the official market on Tuesday. Data from the FMDQ Exchange revealed that the local currency gained...
For the second consecutive day on Tuesday, sentiment in the Nigerian equities market remained positive as investors gained N61 billion at the close of trading. This...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said on Tuesday that mobile money operators including OPay, Palmpay, Kuda Bank, and Moniepoint would...
The Central Bank of Nigeria (CBN) has raised the interest rate to 26.2 percent. The CBN governor, Yemi Cardoso, announced this at the end of the...
The Debt Management Office (DMO) has disclosed that it has raised N4.9 trillion out of the N7.3 trillion approved for Ways and Means securitisation. This is...
Trading activities got off to a positive note in the equities market on Monday, May 20, 2024 as investors gained N28.61 billion at the end of...
MTNN, AirtelAfri, Julius Berger, and Custodian Insurance topped the list of stocks to watch in the new week. The Nigerian capital market closed lower for the...
The Central Bank of Nigeria (CBN) has withdrawn its earlier circular directing banks to implement a controversial 0.5% cybersecurity levy on electronic transactions. The apex bank’s...
Business operations in Nigeria and other Sub-Saharan African (SSA) countries have been hampered by import restrictions and foreign exchange shortages, the International Monetary Fund (IMF) has...
President of the Pan-African Conglomerate, Dangote Industries Limited (DIL), Aliko Dangote has called for increased investments in the African continent to foster its rapid growth and...
Investors in the Nigerian stock market lost N17 billion at the close of trading on Friday. This followed the dip in the value of Transcorp Hotel,...
A director at the Security and Exchange Commission (SEC), Abdulkadir Abbas, has revealed how cryptocurrency exchange platform, Binance Holding Limited, used its Naira peer-to-peer (P2P) virtual...
The African Development Bank (AfDB) has resolved to support Nigeria’s power sector with a $1 billion Policy-Based Operation (PBO) fund to boost electricity. The bank is...
