The National Bureau of Statistics (NBS), on Wednesday, disclosed that Nigerians paid more for air travel tickets in October 2023. The NBS, which disclosed this in...
The naira slumped against the dollar at both the official and parallel markets on Tuesday. The local currency depreciated by 9.73 percent to close at N830.97...
Nigeria and Germany on Tuesday signed a $500 million renewable energy agreement between the two countries. The Special Adviser on Media and Publicity to the President,...
The Nigerian capital market rebounded from its previous day’s loss with a 0.08 percent rise in the All-Share Index (ASI) on Tuesday. The ASI increased to...
The Federal Government on Tuesday revoked 1,633 mining titles over non-payment of annual service fees by the operators. The Minister of Solid Minerals Development, Dele Alake,...
The Minister of Marine and Blue Economy, Gboyega Oyetola has disclosed that Nigeria is moving to capture a substantial share of the estimated $10 billion annual...
It seems a truce will soon be called in the ongoing oilfield dispute between Italian oil company, Eni and the Nigerian government as the oil giant...
A recent report has shown that the Federal Government has lost an estimated $16tn to natural gas flaring in 10 years. The report by the Energy...
Trading activities began in the Nigerian capital market on Monday with a 0.15 percent dip in the All-Share Index (ASI). The ASI dropped by 104 basis...
For the second time, the Central Bank of Nigeria (CBN) has postponed its crucial meeting to decide interest rates, The Monetary Policy Committee (MPC) meeting was...
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and its affiliate, the Petroleum Tanker Drivers Branch ( PTD) have debunked reports that the union...
The leadership crisis rocking the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) is threatening petrol supply in the country as the Petroleum Tanker Drivers...
The House of Representatives has asked the leadership of the Asset Management Corporation of Nigeria (AMCON) to release the list of its 350 top debtors. The...
The Minister of Aviation and Aerospace Development, Festus Keyamo, on Sunday, said that Emirates Airlines was on the verge of announcing the long-awaited date for the...
The equities market closed in the green last Friday, gaining on four days and declining only on one day thereby driving up sentiments. This week, DEAPCAP,...
The Nigeria Sovereign Investment Authority (NSIA) at the weekend launched a $500 million Renewables Investment Platform for Limitless Energy (RIPLE) in a bid to develop renewable...
A primary player in Nigeria’s agricultural sector, AFEX, has warned Nigerians to brace up for hunger following the rise in the country’s food shortage to a...
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 currency-in-circulation (CIC) has reached a new high of N2.99 trillion by October 31, 2023, inching closer to the level it was before the naira redesign...
The Nigerian capital market ended the week with a 0.12 percent increase in the All-Share Index (ASI) on Friday. After five hours of trading on Friday,...
President Bola Tinubu will take his quest to attract Foreign Direct Investment (FDI) into Nigeria to Berlin, Germany, this Saturday, where he will participate in the...
The tariff of Mobile Network Operators (MNOs) in Nigeria like Globacom, 9mobile, MTN and Airtel may soon be reviewed upward as telecom operators under the aegis...
Telecom operators under the aegis of the Association of Licensed Telecommunications Operators of Nigeria (ALTON) have again threatened to withdraw the Unstructured Supplementary Service Data (USSD)...
The All-Share Index in the Nigerian capital market rose by 10.82 basis points at the close of trading on Thursday. This development means the ASI rose...
Global investment bank Morgan Stanley has disclosed that the interventionist policies of former President Muhammadu Buhari triggered economic bottlenecks and hindered the private sector’s ability to...
Despite the rising inflation rate in Nigeria, the Central Bank of Nigeria (CBN) has declared that the monetary policy reforms put in place have started having...
The Nigerian capital market continued its bullish run on Wednesday with the All-Share Index (ASI) crossing the 71, 000 mark at the close of the day’s...
Oando Plc has signed a $800m deal with the African Export and Import Bank (AFREXIM) at the ongoing Intra-African Trade Fair in Cairo, Egypt to boost...
Nigeria’s inflation rate continued its upward journey as the latest report from the National Bureau of Statistics (NBS) showed that it surged to 27.33 per cent...
The exit of Union Bank of Nigeria from the Nigerian Exchange Limited (NGX) is poised to shed the sum of N193.7 billion from the bourse. Union...
Former presidential aspirant, Prof. Kingsley Moghalu, has predicted that the African Continental Free Trade Area, (AfCFTA), would lift 30 million Africans, including Nigerians, out of poverty...
The Central Bank of Nigeria (CBN) has extended the validity of the old notes indefinitely. The former CBN governor, Godwin Emefiele, in October 2022 announced the...
The Nigerian capital market rebounded from the previous day’s losses with a 0.37 percent growth in the All-Share Index (ASI) at the close of trading on...
The Nigerian Exchange (NGX) has pasted the announcement of the notice of delisting of the shares of Union Bank from the Nigerian capital market. In the...
The Niger Delta Power Holding Company (NDPHC) has disclosed that the Central Bank of Nigeria and the Nigeria Bulk Electricity Trading Company (NBET) are currently indebted...
The Nigerian Extractives Industries Transparency Initiative (NEITI) has lamented the whopping $1.3886b revenue loss accruable to the federal government in unpaid gas royalty and gas flare...
The Fiscal Responsibility Commission (FRC) has expressed dismay at how banks in the country lure many state governments into debt traps by offering mouthwatering loans. The...
The naira redesign policy of the Central Bank of Nigeria (CBN) has led to an increase in banks’ profits from cashless transactions to N279.85bn in the...
Nigeria has ousted Libya, and Angola to regain its position as Africa’s top crude oil producer for October. The Organization of Petroleum Exporting Countries (OPEC) disclosed...
After a week of bull trading, the All-Share Index (ASI) in the Nigerian capital market declined by 0.33 percent at the close of trading on Monday....
Following a bullish streak last week, investors go into a new trading week with renewed vigour, JAPAULGOLD, RTBRISCOE and newly-listed MECURE alongside GLAXOSMITH and PZ top...
Nigeria’s headline inflation rate has been tipped to hit 30% by December 2023, global financial advisory service firm, Klynveld Peat Marwick Goerdeler (KPMG) has predicted. KPMG...
A total of 275, 000 barrels of oil per day production at TotalEnergies, after the Nigerian National Petroleum Company Limited (NNPCL) brokered a peace deal between...
The Nigeria Liquified Natural Gas, (NLNG) Ltd., has attributed the rising cost of cooking gas in the country to scarcity of Foreign Exchange (FX), Federal Government’s...
Buoyed by the news of the planned injection of a substantial amount of foreign exchange by Saudi Arabia into Nigeria’s forex market to boost liquidity, the...
The Saudi Arabian government on Friday promised to invest in Nigeria’s four refineries to get them working again. The Saudi Crown Prince, Mohammed bin Salman, gave...
Seplat Energy Plc has declared an interim dividend payout of N29.9 per ordinary share for investors on both the Nigerian and London stock exchanges. This declaration...
The Nigerian capital market ended the trading week with a 0.05 percent increase in the All-Share Index on Friday. After five hours of business on the...
The Federal Government, on Thursday, signed a Memorandum of Understanding (MoU) with the government of the Kingdom of Saudi Arabia to strengthen bilateral ties and advance...
The International Monetary Fund (IMF) has warned that China’s slowing economy will negatively affect Nigeria’s economic growth by as much as 0.5 points on average. The...
