Crude oil output in Nigeria and Iraq amongst others tempered the cut adopted by Saudi Arabia and Russia in August, a Platts survey conducted by S&P...
Nigeria recorded N7.01 trillion in foreign exports in the second quarter of 2023, with the Netherlands and the United States of America (USA) making the top...
The naira exchanged for N736.62 to a dollar at the Investors and Exporters window on Thursday. The local currency appreciated by 4.53 percent compared to the...
The value of investments in the Nigerian capital market crashed by N111.7 billion due to sell-offs in Morison and Courtville on Thursday. This indicated that the...
Telecommunications companies and Deposit Money Banks (DMBs) have resolved their disagreement over the debt rising from the billing of the Unstructured Supplementary Service Data (USSD). The...
The decision of Oando Oil Limited (OOL) to acquire Nigerian Agip Oil Company (NAOC) from Italian oil & gas company, Eni, could result in legal implications,...
The naira exchanged for N771.59 to a dollar at the Investors and Exporters window on Wednesday. The local currency lost 3.57 percent compared to the N744.97...
The Nigerian Electricity Regulatory Commission (NERC) has approved an increase in the price of prepaid electricity meters in the country. The commission announced the increase in...
The value of investments in the Nigerian capital market crashed by 0.07 percent at the close of trading on Wednesday. This followed the dip in the...
The Minister of Aviation and Aerospace Development, Festus Keyamo, said the government will probe the project reports of the suspended national carrier, Nigeria Air, and concession...
In the next two weeks, the Central Bank of Nigeria (CBN) intends to inject $10 billion into the foreign exchange market to clear the forex backlog...
In the month of August, Nigerian cinemas generated N603.58 million in revenue from tickets sold for Nollywood movies, Hollywood and other foreign films. This is according...
The naira exchanged for N744.97 to the dollar at the Investors and Exporters window on Tuesday. The local currency gained 0.39 percent compared to the N747.87...
The value of investments in the Nigerian capital market rose by 0.08 percent on Tuesday. This followed the growth in the market capitalization by N30.3 billion...
The Group Chief Executive, Oando Plc, Wale Tinubu, said the acquisition of Nigerian Agip Oil Company Limited (NAOC Ltd) from ENI shows the importance of local...
Dangote Cement Plc, a subsidiary of Dangote Industries Limited, (DIL), paid a total of N412.9 billion into the coffers of the Federal Government as tax for...
Nigerian shareholders in PZ Cussons Nigeria have been offered a buyout offer by British manufacturer, PZ Cussons Group, to take full control of the local company....
The value of investments in the Nigerian capital market rose by 1.11 percent at the close of trading on Monday. This followed the growth in the...
Fidelity Bank Plc has recorded a 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued...
ENI, an Italian multinational energy company, has concluded plans to exit Nigeria’s onshore oil exploration after agreeing to sell Nigerian Agip Oil Company Limited (NAOC Ltd)...
Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings, announced on Monday that it had crossed the ₦1 trillion asset under management (AuM) threshold. While...
The National Bureau of Statistics (NBS) disclosed the Value Added Tax (VAT) for the second quarter (Q2) 2023 was N781.35 billion, rising by 10.11 per cent...
Nigeria’s Company Income Tax (CIT) recorded 226.4 per cent quarter-on-quarter growth in the second quarter (Q2) of 2023, the National Bureau of Statistics (NBS) has revealed....
The Nigerian stock market returns for another week of trading activities, with Sterling Financial Holdings Company, Flour Mills of Nigeria (FMN) and BUA Cement making the...
The United States currency, the dollar, will crash against the naira soon, according to the General Overseer of the Redeemed Christian Church of God (RCCG), Pastor...
Four directors at Sterling Financial Holdings Company and its subsidiary firm, Sterling Bank, were involved in insider dealings at the end of August 2023. Information gleaned...
The naira exchanged for N740.38 to a dollar at the Investors and Exporters window on Friday. The Nigerian currency gained 2.93 percent compared to the N762.71...
MTN Foundation’s Executive Secretary, Odunayo Sanya, has restated the foundation’s commitment to meaningful and sustainable social investment in Nigeria. She reeled out the foundation’s key achievements,...
Dangote Sugar, Tantalizer and other stocks lifted the Nigerian capital market with N535.37 billion at the close of trading on Friday. This followed the growth in...
The Chief Executive Officer (CEO) of Ardova Plc, Olu Adeosun, has resigned from his position and Moshood Olajide has been appointed as the new Managing Director...
The Chairman of BUA Group, Abdul-Samad Rabiu, said the company will drop its cement price to prevent the government from approving the importation of Cement into...
The Financial Institutions Training Centre (FITC) has reported that fraud-related cases led to the sack of about 110 top bank executives and junior workers between the...
Hon. Tajudeen Abbas, Speaker of the House of Representatives, on Thursday, severely condemned the misuse of tax breaks and exemptions. The speaker also pointed out that...
The Nigerian stock market set another record on Thursday after the All-Share Index appreciated by 0.16 percent to hit an all-time high as the bulls controlled...
The revenue generated by the Abuja-Kaduna rail line has significantly dropped by 99.8 per cent, the Managing Director of the Nigeria Railway Corporation (NRC), Fidet Okhiria,...
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has released its audited financial results for the first half of 2023, showcasing an increase in...
Over N125 billion was raised by MTN Nigeria through the Commercial Paper Issuance Programme, the telecommunications company revealed on Wednesday. MTN Nigeria said the firm’s initial...
Investors in the Nigerian capital market lost N27.8 billion at the close of business on Wednesday. This followed the crash in the market capitalization from N36.39...
Dangote Sugar Refinery (DSR) has disclosed that it has agreed to the terms and conditions of the merger of the company with NASCON Allied Industries Plc....
The Federal Ministry of Health has committed to raising the tax on beverages with added sugar from the existing 10 percent rate to 20 percent. This...
Borno State-based investment firm, Stockmatch Investments Ltd, was on Tuesday shut down by the capital market regulator, the Securities and Exchange Commission (SEC). The regulator said...
The naira exchanged at N775.34 to a dollar at the Investors and Exporters window on Tuesday. The Nigerian currency lost by 0.42 percent compared to the...
While forex trading in Nigeria is gaining popularity, there is still a large population that has no idea how to approach this market. As a new...
The market capitalisation of the Nigerian stock exchange jumped to N36.39 trillion on Tuesday, up from the previous day’s N36.20 trillion. According to data from the...
Flour Mills of Nigeria (FMN) recorded loss after tax in the period ended June 2023 and also lost millions to penalty during the same period, the...
The former statistician-general of the federation, Yemi Kale, has criticised the new methodology the National Bureau of Statistics (NBS) used to evaluate Nigeria’s unemployment rate. Kale...
The Management of Dangote Cement Plc has stated that the price of a bag of cement from its factories across Nigeria (as at 28th August 2023)...
The equity capitalisation in the Nigerian capital market rose by 1.14 per cent at the close of trading on Monday. This represented a N320 billion growth...
The top 10 contributing sectors to Nigeria’s real Gross Domestic Product (GDP) in the second quarter (Q2) of 2023 are lead by Crop production, while other...
Equity market transactions in Nigeria rose by 72.83 per cent month-on-month, as the stock market recorded N702.9 billion traded in July 2023, the Nigerian Exchange Limited...
