First Bank Nigeria (FBN) Holdings has announced plans to sell shares to private investors and existing shareholders to raise N300 billion. This was contained in a...
The Central Bank of Nigeria (CBN) has banned the use of foreign currencies as collaterals for naira loans. The CBN gave the directive in a circular...
Investors in the Nigerian equities market lost N220 billion at the close of trading on Monday. This followed the dip in the share value of some...
In continuation of its defence of the naira against the dollar, the Central Bank of Nigeria (CBN) Monday announced the sales of foreign exchange (FX) to...
It was a week to forget on the floor of the Nigerian Xchange (NGX) as investors endured four days of trading losses culminating in the loss...
Following the resumption of sales of dollars to Bureau De Change (BDCs) operators in a bid to defend the domestic currency against the dollar, Nigeria’s foreign...
The Nigerian Electricity Regulatory Commission (NERC) has given the 11 electricity distribution companies till April 11 to refund customers wrongly billed at the new rate. The...
When considering buying property in Lagos, Nigeria, it’s essential to prioritize safety and security. Lagos is a vast and diverse city, with various neighborhoods offering different...
The Naira traded for N1,251.05 to a dollar at the official market on Friday. Data from the official trading platform of the FMDQ Exchange, a platform...
President Bola Tinubu has appointed Mr. Uzoma Nwagba as the Managing Director of the Nigerian Consumer Credit Corporation. The Special Adviser on Media and Publicity to...
The OPEC+ alliance yesterday announced that it was keeping the current oil production cut policy unchanged, in an attempt to maintain global stability in crude oil...
The number of estimated billing customers in the fourth quarter of 2023 dropped by 3.34% from 6.03 million to 5.83 million data gleaned by Ripples Nigeria...
Nigerian Breweries Plc has unveiled plans to raise up to N600 billion through a rights issue to address the debt challenges posed by the Naira devaluation...
Investors in the Nigerian equities market lost N252 billion at the close of trading on Thursday. This followed the dip in the share value of some...
Investing towards the long term and retirement can seem daunting for most Nigerians. However, a member of FCMB Group Plc, FCMB Asset Management Limited appears to...
The Nigeria Customs Service (NCS) has bemoaned the fluctuation in the exchange rate regime which it said affected and disrupted its activities. The Comptroller General (CG)...
The Federal Government through the Nigeria Electricity Regulatory Commission (NERC) has explained why Distribution Companies (DisCos) in the country were given approval to increase tariff of...
The Naira ended at N1, 262.85 to a dollar at the official market on Wednesday. Data from the official trading platform of the FMDQ revealed that...
Investors in Nigeria’s equities market lost N190 billion at the close of trading on Wednesday. This followed the dip in the market capitalization to N58.9 trillion...
Automotive Gas Oil (AGO) also known as diesel and Jet A-1 fuel popularly known as Aviation fuel refined by Africa’s largest refinery, Dangote Refinery, has hit...
Investors in the Nigerian stock market lost N24 billion at the close of trading on Tuesday. This followed the dip in the market capitalization to N59.0...
The Economic and Financial Crimes Commission (EFCC) will arraign two top officials of the crypto exchange platform, Binance Holdings Limited, Tigran Gambaryan, and Nadeem Anjarwalla, at...
The Federal Government, on Monday, announced new price of natural gas for power generation companies sparking concerns of impending increase in electricity tariff. According to the...
As banks in Nigeria begin the process of recapitalization, an economic think-tank, the Centre for the Promotion of Private Enterprise (CPPE) has tasked the Central Bank...
A survey by Reuters on Monday, April 1, 2024 has shown a plunge in oil output by the Organisation of Petroleum Exporting Countries (OPEC) in March...
The quartet of United Bank for Africa (UBA), Wema Bank, Zenith Bank and Stanbic IBTC are risking sanctions from the Nigerian Xchange for failing to file...
As trading activities return after the easter holidays, GTCO, UBA, ZENITH, JULI have emerged as some of the top stocks to watch out for this week...
The Stanbic IBTC Bank Purchasing Manager Index (PMI) remained unchanged at 51.0 in March, the joint-lowest in four months as the impact of currency weakness on...
Amid concerns recently about unauthorized access to the National Identification Number (NIN) database, the World Bank has pegged the success rate of the NIN drive by...
The Association of Bureau de Change Operators of Nigeria (ABCON) has identified the ongoing recovery and stability of the naira on the decision of the Central...
One crucial document on land development and regional planning which stands out as the foundation for all subsequent actions: the provisional survey plan. Often overlooked in...
The Central Bank of Nigeria (CBN) said on Thursday the sum of $1.5 billion was injected into the Nigerian economy in the last few days. The...
The Economic Commission for Africa (ECA) has projected that African countries would be among the world’s top 10 fastest-growing economies by 2025. In a report titled:...
The Central Bank of Nigeria (CBN) has resolved to deploy law enforcement agencies to monitor the recapitalisation process in the banking sector. The apex bank on...
The Central Bank of Nigeria (CBN) has raised the minimum capital base for commercial banks with international standing to N500 billion. The CBN’s Acting Director of...
The House of Representatives Public Accounts Committee has queried the payment of N15 billion to Remita, a payment platform in the Office of the Accountant General...
The co-founder of a cryptocurrency exchange, FTX, Sam Bankman-Fried, has been sentenced to 25 years in prison for his role in the collapse of the platform....
Investors in the Nigerian stock market went home with a N157.4 billion gain at the close of trading on Thursday. This followed the rise in the...
Binance Holding Limited’s Head of Financial Crime Compliance, Tigran Gambaryan, has sued the National Security Adviser (NSA), Nuhu Ribadu, and the Economic Financial Crimes Commission (EFCC)...
The Naira appreciated against the dollar by 5.97 percent at the official market on Wednesday. Data from the FMDQ trading platform revealed that Naira appreciated by...
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed rumours about the adjustment of pump price for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel)...
The Nigerian equities market rebounded from two consecutive losses on Wednesday with investors taking home N187.24 billion at the close of the day’s trading. This followed...
The National Bureau of Statistics (NBS) revealed on Tuesday that Nigeria’s public debt stock rose to N97.3 trillion in the fourth quarter of 2023. The agency...
Investors in the Nigerian equities market lost N103 billion at the close of trading on Tuesday. This followed the crash in the market capitalization to N58.7...
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMBs) in the country to expedite action to increase their capital base from the current...
Amid the escape of Binance Holding Limited Africa Regional Manager, Nadeem Anjarwalla from the custody of the National Security Adviser (NSA), the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN), on Tuesday after the two-day Monetary Policy Committee (MPC) meeting, again, raised its benchmark interest rate again by 200 basis...
Africa attracted $5.4 billion venture capital and debt in 2023, the recently released Venture Capital in Africa Report by AVCA – the African Private Capital Association...
The Central Bank of Nigeria (CBN) has sold $10,000 to all eligible Bureau De Change (BDC) operators in the country at the rate of N1,251/$1. In...
The Nigerian Copyright Commission (NCC) has filed criminal charges against MTN Nigeria Communications Limited and four others over alleged copyright infringement. The Chief Executive Officer of...
