The Nigeria Senate has described the power distribution companies (DisCos) in the country as complete failures which have added nothing significant to the Nigerian power sector....
Investors in the Nigerian equities heaved a sigh of relief as the losing streak on the bourse was halted on Monday, April 22, 2024 as investors...
The World Bank has identified challenges associated with fuel prices and low non-oil revenue as factors that may hamper the Federal Government’s move to maximise the...
Bearish sentiment persisted in the market past week with investors incurring N1.57trn in losses as market capitalization dipped to N56.30trn from N57.86trn recorded the previous week....
First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from this month. This appointment is however subject to the...
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso has advised Nigerians to expect an up and down movement in the rate of the...
Amid the sudden resignation of the Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Adesola Adeduntan, FBN Holdings Plc has announced the cancellation of its...
The Federal Government is set to receive a $2.2 billion loan from the World Bank at a low interest rate of about 1%. This is even...
The Federal Competition and Consumer Protection Commission (FCCPC) has pinpointed several factors behind the ongoing surge in consumer prices, according to a comprehensive investigation. During a...
President Bola Tinubu has approved the appointment of Mr. Olusegun Ayo Omosehin as head of the National Insurance Commission (NAICOM). He also appointed Ms. Halima Kyari...
President Bola Tinubu has approved the appointment of Mr. Mariga Aliyu Katuka as the Chairman of the Securities and Exchange Commission (SEC). The SEC is the...
Global investment bank, Goldman Sachs, has donated $5000 to Nigeria’s Tunde Onakoya’s fundraiser as he attempts to break the world record for a chess marathon. A...
Investors in the Nigerian equities market ended the week’s trading with a N173 billion loss on Friday. This followed the slump in the share value of...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed that President Bola Tinubu’s government has not borrowed money from the Central...
Investors in the Nigerian equities market lost N34 billion at the close of trading on Thursday. This followed the dip in the share value of United...
In an attempted defence of the decision of the Central Bank of Nigeria, (CBN) to defend the domestic currency, the naira, the governor of the apex...
Investors in the Nigerian equities market lost N457 billion at the end of trading on Wednesday. This followed the dip in the share value of Livestock...
No reprieve yet for investors in the Nigerian equities market as they shed a further N599 trillion at the end of trading on Tuesday. This followed...
The federal government of Nigeria appears to have bowed to pressure from domestic crude oil refiners like Dangote Refinery and Petrochemical Plant and other modular refinery...
The Nigerian Upstream Regulatory Commission (NUPRC) has issued a new directive that oil producers in the country must sell crude to domestic refineries before attending to...
Wema Bank, a Nigerian tier-2 bank that holds ₦1.8 trillion in customers’ deposits has suffered a loss of ₦685 million to fraud and forgery cases in...
The poor run of the Nigerian equities market continued on Monday April 15, 2024 as investors lost N303bn at the close of trading. This followed the...
The National Bureau of Statistics (NBS) said on Monday the country’s inflation rate increased to 33.2% in March. The agency disclosed this in it’s consumer price...
The global investment bank, Goldman Sachs has projected that Nigeria’s Gross Domestic Product (GDP) will reach $13.1 trillion by 2075. Nigeria’s GDP currently stands at $472.62...
As banks in Nigeria race to meet the recapitalization demands spelt out by the Central Bank of Nigeria, four of the tier-one banks in the country...
With two losses in the two trading sessions of last week, investors in the Nigerian equities market endured another torrid week as they lost N632.9 billion...
The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) have tabled a fresh N615,000 as the new minimum wage for workers to cope with the...
Oil and gas analysts were on Sunday unanimous in their projection that the global price of crude oil will rise further on Monday, above the $90...
Lagos, the economic heartbeat of Nigeria, pulsates with opportunities for investors seeking vibrant markets and dynamic growth prospects. As Africa’s largest city by population and one...
Nigeria’s oil exports are facing a significant hurdle as a decline in European demand creates a buyer’s market. This development comes at a time the nation...
Nigeria’s oil production has taken a hit due to problems plaguing the Trans Niger Pipeline (TNP), according to a statement released by the Federal Government (FG)...
One of Nigeria’s power-generating company, Geregu Power Plc, has announced a 254.37 per cent year-on-year appreciation in its revenue to N50.42bn in the first quarter of...
The executive board of the International Moneyary Fund (IMF) Friday, confirmed the re-appointment of Kristalina Georgieva to serve for a second five-year term at the helm...
Investors in the Nigerian equities market lost N412 billion at the close of trading on Friday. The stock market resumed from the Eid-El-Fitr holiday on Friday....
Guaranty Trust Holding Company Plc has unveiled plans to raise $750 million through a rights issue. The company disclosed this in a notice of the Annual...
Goldman Sachs, one of the world’s leading global financial institutions, has predicted that Nigeria’s domestic currency, the naira, could extend gains that have already made it...
Nigeria’s daily crude oil production maintains steady decline in 2024 as it dropped to 1.23 million barrels per day in March 2024 costing the country its...
The Debt Management Office (DMO) is seeking to raise N450 billion in its bond auction billed to take place on April 15. The move was in...
The Federal Government has secured a $750 million loan from the World Bank to provide subsidy to developers and operators of solar mini-grids in the country....
Following reports that cyber thieves stole $12bn from global financial institutions in the last 20 years, the International Monetary Fund (IMF) has called on Central Banks...
The Association of Bureau de Change Operators of Nigeria (ABCON) has asked the Central Bank of Nigeria (CBN) to direct non-oil exporters to hold foreign currencies...
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.) Mr. Mele Kyari, has reiterated the crucial role of natural gas...
The Chairman of Dangote Group, Alhaji Aliko Dangote, has expressed optimism that the sale of diesel at a significantly lower price by his refinery, Dangote Refinery...
Amid an ongoing legal face-off with the Nigerian government, one of the world’s top crypto platforms, Binance Holding Limited has promised to comply with laid down...
The Central Bank of Nigeria, CBN has disclosed that it expects a massive inflow of Foreign Direct Investment, FDIs, with foreign investors taking positions in Nigerian...
The Chairman of Air Peace, an indigenous carrier, Allen Onyema, has raised the alarm that foreign carriers operating the Nigeria-UK route are allegedly conspiring to send...
Guaranty Trust Holding Company GTCO Plc, has recorded 184.5 per cent increase in its Profit Before Tax, PBT to N609.3 billion in the financial year ended...
The World Bank has projected a significant drop in Nigeria’s inflation rate to 24.8 percent year-on-year in 2024. The country’s inflation currently stands at 31.7 percent...
In a startling report and a knock on Nigeria’s ease of doing business initiative, the World bank has stated that the cost of trade in Nigeria...
African Import Export Bank (AFREXIM Bank) is set to release the sum of $1.05bn to the federal government of Nigeria in May 2024. This is the...
