The Central Bank of Nigeria (CBN) has granted Access Holdings Plc, the parent company of Access Bank, a preliminary clearance to establish Oxygen X Finance Company...
Investors in stocks of companies listed under the Dangote Group have gained over 1.2tn during the first two trading sessions of this week. This sentiment in...
Investors in the Nigerian equities market pocketed N1.82 trillion at the close of trading on Tuesday. This followed an increase in market capitalization to N48.139 trillion...
The Nigerian National Petroleum Corporation Limited (NNPCL) has uncovered 83 illegal refineries in Niger Delta in one week. The NNPCL “83 illegal connections were spotted in...
Dutch oil giant, Shell has assured workers that their jobs are safe as it reaches an agreement to sell its Nigerian onshore subsidiary, the Shell Petroleum...
In a bid to ramp up electricity generation and distribution across the country, 13 new companies have been issued new licences for the generation of off-grid...
Investors in the Nigerian equities market pocketed N313.4 billion at the close of trading on Monday. This followed the increase in market capitalization to N46.317 trillion...
Nigeria’s inflation rate has continued its upward increase, hitting 28.92 in December 2023 up from 28.20% recorded in the previous month of November 2023. The increase...
Julius Berger, Bua Food, Dangote Sugar and Zenith Bank are some of the equities that investors can consider investing in this week. The equities market gained...
Two agencies of the Federal Government, the National Bureau of Statistics (NBS) and the Federation Account Allocation Committee (FAAC) have issued conflicting figures on the revenue...
A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, has backed the recent decision to relocate the apex bank’s key departments to...
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...
The Gombe State Governor, Inuwa Yahaya, has approved the dissolution of the Board of Directors of the state-owned Bubayaro Micro Finance Bank. The governor also suspended...
Today, we’re delving into the realm of real estate, specifically focusing on how your property portfolio should shape up in 2024. Whether you’re a seasoned investor...
The Dangote Petroleum Refinery located in the Lekki area of Lagos has began operation. A source told journalists that the refinery began production in the early...
Investors in the Nigerian equities market went home with N243.9 billion at the close of trading on Friday. This followed the increase in market capitalization to...
Analysts at Meristem Research are projecting an increase in Nigeria’s oil production in 2024 barring any significant, unexpected shock to the sector in the year. The...
Investors in the Nigerian equities market pocketed N313.4 billion at the close of trading on Thursday. This followed the rise in market capitalization to N45.199 trillion...
Twenty-one days before the expiration of the Central Bank of Nigeria’s (CBN) deadline for bank customers to have Bank Verification Number, BVN updated to their accounts...
Few hours after dissolving the Board of Directors and the Management of Union Bank, Keystone, and Polaris banks, the Central Bank of Nigeria (CBN), has appointed...
Zenith Bank has dismissed reports on the arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu, by the Economic and Financial Crimes Commission (EFCC). Reports emerged...
The Central Bank of Nigeria (CBN) has dissolved the boards and managements of Titan Trust Bank, Union, Keystone, and Polaris Banks. The decision was taken at...
The Federal Government has initiated efforts to cutdown the rising price of sugar and improve the capacity of local sugar production in Nigeria. The Minister of...
Investors in the Nigerian capital market lost N638 billion at the close of trading on Wednesday. This followed the drop in market capitalization from N45.524 trillion...
The World Bank has projected Nigeria’s economy to grow by 3.3 per cent this year up from the earlier projected 2.9 percent growth. The leading development...
The Nigerian National Petroleum Company (NNPC) Limited has given its scorecard saying it recorded a profit of N2.548 trillion in 2022, the highest since its inception...
The costs of air travel surged by 11.01 per cent to N81,334.05 in November 2023 compared to N73,270.27 in November of the previous year, data from...
Investors in the Nigerian capital market pocketed N1.57 trillion at the close of trading on Tuesday. This followed the rise in equity capitalization to N45.524 trillion...
Nigerian telecommunications company, Globacom Ltd, has denied owing its competitor, MTN, interconnect charges, contrary to reports making the rounds. The denial came on the heels of...
After just a week, Nigerian industrialist, Aliko Dangote, has reclaimed his post as the richest person in Africa, overtaking South African Businessman Johann Rupert who pipped...
Amid promises by the Chairman of BUA Group, Abdulsamad Rabiu to crash cement prices from over N5,000 per bag of 50kg to N3,500, a new report...
The Nigerian Ports Authority (NPA) has pleaded with members of the Maritime Workers Union of Nigeria to suspend their planned strike. The Managing Director of the...
The planned strike action slated for Tuesday, 9th January, 2024 by the Maritime Workers Union of Nigeria (MWUN) to ground activities at the nation’s seaports has...
The Manufacturers Association of Nigeria (MAN) has expressed worries over the recent invasion of the premises of Dangote Industries Limited by the Economic and Financial Crimes...
More than eight months after a deal was originally announced, Access Bank Limited has finally completed the acquisition of African Banking Corporation Zambia Limited, trading as...
The All-Share Index (ASI) in the Nigerian capital market crossed 80,000 points at the close of trading on Monday. The ASI appreciated by 0.83% or 659.8...
The Nigerian Communications Commission (NCC), on Monday, said that Globacom subscribers may be unable to make calls to MTN lines soon, due to the non-settlement of...
Nigeria has been ranked as the sixth country with the cheapest price of Premium Motor Spirit (PMS) popularly known as petrol in Africa and the 22nd...
As the equities market inches closer to the 80,0000 index points, having ended 2023 on a positive note at 74,773.77, Transcorp, Ikeja Hotel, Unitybnk and Sterling...
The Central Bank of Nigeria (CBN) has released $61.6 million to foreign airlines through various Deposit Money Banks (DMBs). The CBN’s Acting Director of Corporate Communications,...
A new report by Meristem Securities has shown that the depreciation of naira cost some major fast-moving consumer goods companies, including Cadbury, Guinness Nigeria, and Nestle...
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...
As we step into the new year, many individuals are contemplating their property goals for 2024. Whether it’s acquiring a new home, investing in real estate,...
The Dangote Group has opened up on the recent visit of Economic and Financial Crimes Commission (EFCC) operatives to its office in Lagos. The commission’s officials...
The All-Share Index (ASI) appreciated by 2.11% at the close of trading on Friday. After five hours of trading, the ASI rose by 1,644 basis points...
Residents of Mowe, Ibafo, Magboro and six other communities within the jurisdiction of Ibadan Electricity Distribution Company (IBEDC) are experiencing power outages due to a drop...
The Organisation of the Petroleum Exporting Countries (OPEC) has hinged Nigeria’s economic growth in the third quarter of 2023 which “exceeded expectations” on strong activities in...
The United Nations (UN) has projected Africa’s growth rate to slightly increase from 3.3 per cent in 2023 to 3.5 in 2024, while global growth is...
Dozy Mmobuosi, the former Chief Executive Officer (CEO) of Tingo Group, has described as baseless and unfounded the securities fraud allegations leveled against him by the...
The Nigeria Customs Service generated N52.7 billion in revenue in Kano and Jigawa last year. The Customs Area Controller in the command, Ibrahim Chana, disclosed this...
