In a move to stabilize the naira and narrow the gap between the official and unofficial foreign exchange rates The Central Bank of Nigeria (CBN) has...
In a development that belies the much-vaunted US-Nigeria economic relationship, fresh data from the National Bureau of Statistics has shown that capital importation from Joe Biden’s...
The Manufacturers Association of Nigeria (MAN) has warned that the worsening foreign exchange crisis in the economy may force many factories to shut down their operations....
Investments in Nigeria’s telecommunications sector in 2023 declined by a whopping $322m to $134m from $456.8m in the corresponding year, fresh Nigerian Capital Importation 2023 data...
Investors at the Nigerian equities lost N51 billion at the close of trading on Monday. This followed the crash in the market capitalization to N55.81 trillion...
The planned strike of bakers in the country set to commence on Tuesday has suffered a setback, as a group of bakers, on Monday, kicked against...
Investors in the Nigerian equities market endured another topsy-turvy trading week last week characterized by three days of bears and two days of bull with the...
The Centre for the Promotion of Private Enterprise (CPPE) has advised the Central Bank of Nigeria (CBN) to peg the customs duty exchange rate at N1000\$1...
Africa’s richest man, Aliko Dangote; the Chairman of BUA Group, Abdulsamad Rabiu; ex-Governor of the Central Bank of Nigeria (CBN), and Governor of Anambra State Chukwuma...
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...
Short-term rentals have become increasingly popular in Lagos, offering visitors a more personalized and flexible accommodation experience compared to traditional hotels. These two prevalent short-let models...
The Central Bank of Nigeria (CBN) has directed the Nigerian Customs Service (NCS) to adopt the same forex rate for importation and clearance of goods in...
Investors in the Nigerian capital market went home with N464 billion at the close of trading on Friday. This followed the rise of market capitalization to...
President Bola Tinubu has appointed Mr. Gbenga Alade as Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON). He succeeds Ahmed Kuru, who was...
The three tiers of government on Thursday shared the sum of N1.15 trillion as revenue allocation for January. The Director of Press and Public Relations in...
For the third time this week, trading activities in the Nigerian equities market closed in the red as investors lost N67 billion after hours of trading...
Ahead of the maiden Monetary Policy Committee (MPC) meeting slated for February 26-27, 2024, the Senate has confirmed the appointment of 12 persons as members of...
Nigeria’s Gross Domestic Product (GDP) fell to 2.74% in 2023, a slight deceleration from the 3.10% growth rate experienced in 2022, fresh data by the National...
The Chairman of the Economic and Financial Crimes Commission (EFCC) Mr Ola Olukoyede, has frowned at sharp practices, compromises, and unethical practices in the banking sector....
The Special Adviser on Information & Strategy to President Bola Tinubu, Mr Bayo Onanuga has called on the Economic and Financial Crimes Commission (EFCC) and the...
President Bola Tinubu has approved the appointment of Mr. Ibrahim Gaga as the Executive Director of the Nigerian Export-Import (NEXIM) Bank. The Special Adviser on Media...
The Nigerian equities market rebounded from two consecutive losses on Wednesday as investors made N165 billion at the end of the day’s trading. This followed the...
The Nigerian Association of Road Transport Owners (NARTO) has clarified that its demands from the Federal Government will not lead to an increase in petrol prices....
The Central Bank of Nigeria (CBN) has again, for the umpteenth time, increased the rate for Customs duty exchange to N1,605.82/$1. This development is coming less...
Nigeria imported 11.94 billion litres of Premium Motor Spirit (PMS), commonly known as petrol, during the first half of 2023, fresh data from the National Bureau...
President Bola Tinubu on Tuesday made public the plan of his government to raise $10bn to improve liquidity in the foreign exchange market. This is as...
Vice President Kashim Shettima Tuesday unveiled the Federal Government’s plans to recapitalize and restructure the Bank of Agriculture (BOA) to bolster Nigeria’s agricultural sector and achieve...
The Federal Government has formally handed over the $1.3 billion Zungeru Hydroelectric Power Plant to a concessionaire, Penstock Limited. The plant was handed over to the...
For the second consecutive day, investors in the Nigerian equities market lost N729 billion at the close of trading on Tuesday. This followed the crash in...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said on Tuesday the Federal Government would audit the N22.7 trillion Ways and Means...
Minister of Housing and Urban Development, Ahmed Dangiwa, has accused cement manufacturers in the country of taking advantage of the rise in dollar against the naira...
Following the N17 trillion loss incurred by the country on tax waivers within the last five years, the Senate, through its Committee on Finance on Monday...
The United Kingdom, Mauritius, Netherlands, Singapore, and South Africa have emerged as the top five sources of capital importation into Nigeria in the Fourth Quarter of...
Cement manufacturers in Nigeria have agreed to bring down the price of the product following the Federal Government’s intervention The federal government at the weekend met...
Investors in the Nigerian equities market lost N1.8 trillion at the close of trading on Monday. This followed a decline in the market capitalization to N56.028...
Global credit rating agency, Fitch Ratings, has cautioned the Federal government over the proposed establishment of the foreign currency gateway bank recently announced by the Central...
After a trading week characterized by four days of gaining and a day of loss, Seplat, Airtel Africa, Geregu, and Bua Foods are some of the...
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...
Minister of Industry, Trade and Investment, Doris Anite, on Friday, announced significant investment commitments secured by the government since its inauguration eight months ago. While this...
The Supreme Court on Friday affirmed the judgment of the Court of Appeal which nullified the takeover of the landed property of Suru Worldwide Ventures Nigeria...
Investors at the Nigerian capital market went home with N887 billion at the close of trading on Friday. This followed the rise in the market capitalization...
Nigerians have been told to brace up for fuel scarcity as the Nigerian Association of Road Transport Owners (NARTO) has vowed to suspend operations from Monday,...
In a bid to boost liquidity in the foreign exchange market, the Central Bank of Nigeria (CBN) has scrapped the issuance of cash for Personal and...
President Bola Tinubu has appointed Oyetunde Ojo as the Managing Director of the Federal Housing Authority (FHA). The Special Adviser on Media and Publicity to the...
The House of Representatives on Thursday urged the Federal Ministry of Finance and the Central Bank of Nigeria (CBN) to provide notice to Nigerians before altering...
The Nigerian capital market investors went home with N329 billion at the close of trading on Thursday. This followed the rise in the market capitalization to...
The United Kingdom slipped into a technical recession in the second half of last year after its economy registered two consecutive quarters of negative economic growth,...
Investors in the Nigerian equities market made N979 billion following strong performances by Airtel Africa, Unity Bank, and other entities during trading on Wednesday. This followed...
The Central Bank of Nigeria (CBN) has increased the exchange rate for Nigeria Customs Service (NCS) import duty rate at the nation’s seaports. The rate was...
Nigerians have been told they would have to pay more for beers as Nigerian Breweries Plc has issued a new price review notification to all its...
