The Federal Government has suspended the implementation of the recently enacted Expatriate Employment Levy by the Federal Ministry of Interior. The President of the Nigerian Association...
The Central Bank of Nigeria (CBN) said on Friday that foreign exchange remittances by Nigerians living abroad into the country rose to $1.3 billion in one...
Investors in the Nigerian equities market went home with N562 billion at the close of trading on Friday. This followed the rise in the market capitalization...
Major downstream marketers under the umbrella of the Major Energies Marketers Association of Nigeria, (MEMAN), have raised alarm that the country may face more challenges in...
After serially missing crucial deadlines for joining other nations in trading under the African Continental Free Trade Area (AfCFTA), Nigeria is to begin the formal export...
Strong performances by Dangote Sugar, Transcorp Power, MTN Nigeria, and others propelled investors in the Nigeria equities market to a N420 billion gain on Thursday. This...
The Transmission Company of Nigeria (TCN) said on Thursday only 13.1 million out of the country’s 230 million population are officially registered to use electricity. The...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said the N22.7tn printed by the Central Bank of Nigeria through Ways and...
Investors in the Nigerian equities market enjoyed the third consecutive day of profit with a gain of N226 billion at the close of trading on Wednesday....
Global rating agency, Fitch Ratings Inc. has called on the Central Bank of Nigeria (CBN) to adopt more stringent monetary tightening measures to secure macroeconomic stability....
The Manufacturers Association of Nigeria (MAN) has disclosed that in the year 2023, 767 manufacturing companies shut down while 335 others became distressed due to multidimensional...
Like the Nigeria Employers’ Consultative Association (NECA), the Lagos Chamber of Commerce and Industry (LCCI) has advised that a balanced approach to expatriate employment levy should...
President Bola Tinubu said on Tuesday his administration has attracted $30 billion in Foreign Direct Investment (FDI) commitments to shore up the country’s economy in the...
Investors in the Nigerian equities market made a N194 billion gain following strong performances by Transpower, Transcorp, First Bank, and others on Tuesday. This followed the...
The ongoing face-off between global crypto trading platform, Binance and the Federal Government has taken a fresh twist following the platform’s resolve to stop all transactions...
The American multinational technology conglomerate, Meta, has suffered a major outage with Facebook and Instagram apps reportedly experiencing downtime. Many users in Nigeria have reported their...
Kingsley Moghalu, a former deputy governor of the Central Bank of Nigeria (CBN), has counseled the Federal Government and the CBN to go after chief executives...
The Bank of Ghana has suspended the Foreign Exchange trading licenses of Guaranty Trust Bank Ghana Limited and FBN Bank Ghana Limited (FBN) for one month...
Investors in the Nigerian equities market gained N1.8 trillion following strong performances by Transcorp, PZ, Neimeth, and others on the trading floor on Monday. After five...
The Nigerian Communications Commission (NCC) has revealed why some telecommunications subscribers who previously linked their SIM cards to their National Identification Numbers (NINs) were barred from...
For the second consecutive week, investors in the Nigerian equities market endured bearish sentiments as the listed equities lost in four of the five trading sessions...
The Nigeria Employers’ Consultative Association (NECA) has kicked against the Expatriate Employment Levy (EEL) recently launched by the Federal Government, warning that it would discourage investment...
The Nigerian Customs Service (NCS) has announced a 90-day window for regularising import duties on specific categories of vehicles. The Customs said it is acting under...
A recently released report by the Economic Commission for Africa (ECA) has disclosed that despite the enactment of the African Continental Free Trade Area (AfCFTA), African...
Hello, and welcome to Business Roundup this week. Here, we bring you highlights of events that happened during the week —from the capital market to the...
Global cryptocurrency exchange platform,Binance, is in fresh trouble as the House of Representatives Committee on Financial Crimes has summoned the Chief Executive Officer (CEO) of Binance...
Management of Dangote Cement Plc for the year ended December 31, 2023, has proposed an increase in the dividend payout to shareholders, by 50 percent, to...
The Minister of Power, Adebayo Adelabu, has summoned the chief executive officers of two electricity distribution companies (DisCos) over worsening supply situations in their domains. Those...
In Lagos, Nigeria, property ownership and documentation play crucial roles in ensuring clarity, transparency, and legal security. One of the fundamental aspects of property documentation in...
President Bola Tinubu has appointed four persons as Executive Directors of the Transmission Company of Nigeria (TCN). The Special Adviser on Media and Publicity to the...
Investors in the Nigerian equities market ended the week with a N672 billion loss as the market tumbled again on Friday. This followed the dip in...
The Central Bank of Nigeria (CBN) has revoked the licenses of 4,173 Bureaux De Change (BDC) operators in the country. The CBN’s Acting Director of Corporate...
MTN Nigeria Plc has reported a massive foreign exchange loss of N740 billion up from N81 billion reported in 2022 signifying the company’s first-ever loss since...
BUA Cement has announced a revenue growth of 27.4% to N460n from the N361 billion recorded in the previous year. This is despite a foreign exchange...
The Central Bank of Nigeria (CBN) has assured that the remainder of banks’ FX backlogs would be cleared in the next few days. The governor of...
The Nigerian equities market on Thursday reversed the three-day losses as investors made N391 billion at the close of the day’s trading. This followed the rise...
The Senate has approved four nominees out of five from President Bola Tinubu to serve on the Board of Directors of the Central Bank of Nigeria,...
The Centre for the Promotion of Private Enterprise (CPPE) has recommended several measures that the Federal Government must urgently take to address the spiralling inflation facing...
Following scathing backlash from the Nigerian government, Binance, a crypt exchange with over 170 million users worldwide has disabled its peer-to-peer (P2P) feature for Nigerian users....
Minister of Information and National Orientation, Mohammed Idris, has lauded the removal of petrol subsidy by President Bola Tinubu, saying the singular act has reduced the...
For the third consecutive day, the Nigerian equities market tumbled as poor performances by stocks like WAPCO, Nigerian Breweries, FCMB, and others cost investors N720 billion...
The Secretary General of the Organisation of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, has warned that Nigeria risks missing out on the $14 trillion investment...
Multichoice Group, the parent company of digital satellite television providers DSTV and GOTV, has landed in hot soup after the House of Representatives mandated its Committee...
Air Peace, a Nigerian airline, announced new pricing for its upcoming London route, effective March 30th, 2024. This is contained in a statement in Lagos by...
The Governor of the Central Bank of Nigeria (CBN), Dr Olayemi Cardoso has revealed that a whopping $26 billion was moved by unknown sources through Binance...
The Federal Government has announced that the $700m Obiafu/Obrikom/Oben gas pipeline, popularly called OB3, would be completed in March 2024 eight years after the project commenced....
The Senate is considering sweeping reforms in the administration and function of the Central Bank of Nigeria by amending the CBN Act, 2007. Some of the...
The Federal Government said on Tuesday that none of the International Oil Companies (IOCs) operating in Nigeria has left contrary to insinuations in some quarters. The...
Investors in the Nigerian capital market lost N733 billion after First Bank of Nigeria Holdings, Multiverse, MTN Nigeria, and others crashed during the day’s trading. After...
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has raised interest rates, from 18.75 percent to 22.75 percent. The MPC made the disclosure...
