The All-Share Index in the Nigerian capital market depreciated by 0.09% at the close of trading on Friday. After five hours of trading, the ASI dropped...
Nigeria’s inflation rate for the eleventh consecutive month rose higher, reaching 28.2 percent in October 2023, according to the National Bureau of Statistics (NBS). The NBS...
Despite the assurances by the Central Bank of Nigeria (CBN) that cash I circulation has hit N3.4tr and repeated statements by the apex bank on the...
Nigeria, South Africa and other African countries have been projected to be losing as much as $90 billion to illicit financial flows annually. This is according...
Following two increases in five months in the subscription rates of DSTV/GOTV bouquets, Nigerians have been left yearning for better, improved alternatives to MultiChoice, the South...
Trading activities ended on a positive note on Thursday with a 0.22% growth in the All-Share Index (ASI). The ASI rose by 156 basis points to...
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, said on Thursday the country’s inflation and exchange rates would drop in 2024. Cardoso, who...
Following the sacking of the chief executive officers of the aviation agencies in Nigeria by President Bola Amed Tinubu on Wednesday, the Federal Government has again...
Amid growing apprehension over cash scarcity in different parts of the country, the Central Bank of Nigeria (CBN) has reassured Nigerians that there are enough naira...
The All-Share Index (ASI) crossed the 72,000 mark to close at 72,299.79 basis points at the close of trading on Wednesday. The ASI was 392.5 basis...
The World Bank has projected that savings from subsidy removal in Nigeria would accrue to over N11 trillion by 2025. The Bretton Wood institution made the...
The World Bank has urged the federal government to increase the Value-Added Tax VAT rate as a measure to boost non-oil revenue into the FG’s coffers....
The Federal Government’s medium-term bonds of 14.55% FGN APR 2029 and 14.70% FGN JUN 2033 have been oversubscribed, the December 2023 Bond Auction Result from the...
Amid the declining crude production recorded in November 2023, the Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has expressed optimism that Nigeria can achieve...
A Certificate of Occupancy (C of O)is a crucial legal document that establishes the right of an individual or entity to possess and utilize a piece...
The All-Share Index (ASI) in the Nigerian capital market appreciated by 0.33% at the close of trading on Tuesday. The ASI rose by 237.3 basis points...
Nigeria recorded 127 incidents of oil theft between December 2 and 8, 2023, the Nigerian National Petroleum Corporation Limited (NNPCL) has disclosed. This development was contained...
The Minister Of Finance And Coordinating Minister Of Economy, Wale Edun has dropped a hint that there’s a possibility that the country might return to the...
The House of Representatives has set a revenue target of N6 trillion for the Nigeria Customs Service (NCS) in 2024. The target was set when the...
Despite a budgetary target of 1.78mbpd crude oil production, Nigeria’s crude oil output fell to 1.4 million barrels per day in November 2023, data from the...
Investors in the Nigerian capital market pocketed N70.14 billion at the close of trading on Monday. This followed the rise in the market capitalization to N39.22...
The Centre for the Promotion of Private Enterprise (CPPE) has bemoaned the recent decision by the Central Bank to increase the customs exchange rate from N783...
The Central Bank of Nigeria (CBN) has stated that the banking sector in Nigeria is still robust and that important financial soundness metrics fall within regulatory...
The Central Bank of Nigeria (CBN) has announced the suspension of applications for new loans under its development finance intervention funds. This is even as the...
The Central Bank of Nigeria (CBN) has suspended the processing fees on large cash deposits of N500,000 for individual accounts and N3,000,000 for corporate accounts until...
Fresh data obtained from the Central Bank of Nigeria (CBN) has shown that Nigeria’s external reserves declined by $521.22m in five weeks. According to CBN’s data...
ETI, Access Holding, Multiverse, PZ Cussons and UBA are some of the top stocks that investors could watch out for in the new week as we...
The Minister of Agriculture and Food Security, Alhaji Abubakar Kyari, said on Saturday the Federal Government was working towards increasing Nigeria’s coconut production level to 500,000...
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 Federal Government of Nigeria has dropped a hint that it is contemplating handing over its 40% stakes in the 11 Distribution Companies (DisCos) to state...
The possible reversal of the deterioration in Nigeria’s fiscal and external position as a result of the government’s reform effort has spurred global rating agency, Moody’s...
The Naira crossed the N1,000 mark to reach an all-time low of N1,099.05/$1 on Friday, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) window has...
Investors at the Nigerian capital market took home N45.8 billion at the close of trading on Friday. This followed the rise in market capitalization to N39,148.84...
The Nigeria Deposit Insurance Corporation (NDIC) has resolved to pay the liquidation dividends worth N16.18 billion for depositors of 20 failed banks. The NDIC Managing Director,...
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has dashed the hopes of many Nigerians expecting a reduction in...
The Central Bank of Nigeria (CBN) has warned Nigerians about fake Naira notes in circulation. The CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali,...
The presidential candidate of the Labour Party in the 2023 elections, Peter Obi, has given reasons why foreign investors are shutting down their operations and running...
The Nigeria Employers’ Consultative Association (NECA), on Friday, raised the alarm over the consequences of ongoing divestment of multinationals in Nigeria. The body said no fewer...
President of Dangote Group has revealed the next step for the multi-billion naira Dangote Refinery. Speaking on Friday shortly after the refinery received its first crude...
Following the persistence of foreign exchange scarcity in the country, the Central Bank of Nigeria (CBN) has extended the timeline for the issuance of letters of...
The All-Share Index (ASI) dropped by 0.49 percent at the close of trading on Thursday. This represented a 350.7 basis points drop in the ASI to...
Dangote oil refinery is to commence fuel production with the expected arrival of the first crude shipment to the facility later on Thursday. A leading oil...
The International Monetary Fund (IMF) has been accused of being wrong in its projections of the Nigerian economy in the last four years, the Director-General of...
Investors in the Nigerian capital market pocketed N305 billion at the close of trading on Wednesday. This followed the growth in the market capitalization to N39.29...
No fewer than 1800 direct staff and a further 3,000 indirect employees will be thrown into the job market as top consumer goods giant Procter &...
The purchasing powers of Nigerians dropped as purchase prices rose at the fastest pace in November in almost two years. This was driven by naira depreciation...
Nigeria’s foreign exchange reserves have fallen by $1.6bn to $32.97bn since the Central Bank of Nigeria (CBN) announced the unification of the exchange rate to unify...
The oil and gas industry generated over N493.77 billion in revenue in the third quarter (Q3) of 2023, with Seplat closing the period as the best-performing...
Oil exports contributed up to 82.50% of Nigeria’s foreign trade in Q3/2023, a recent Foreign Trade Statistics Report from the National Bureau of Statistics (NBS) has...
Investors in Nigeria’s capital market raked in N185 billion profit on Tuesday, December 5, 2023, as trading activities on the floor of the Nigerian Exchange Group...
