Trading activities return to the Nigerian stock market this week and some of the stocks to watch are First Bank Nigeria (FBN) Holdings, Tantalizer and Transcorp...
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...
At the just concluded week, Nigerian stock market traders exchanged N29.299 billion in 31,163 deals to trade 1.812 billion shares within five days. During trading the...
Property investment in Nigeria has become increasingly popular in recent years due to the country’s growing population, urbanization, and potential for high returns. Lagos, the commercial...
The World Bank will collaborate with the Federal Government to roll out digital national identity cards for Nigerians. The World Bank Director for Nigeria, Shubham Chaudhuri,...
The Head, Investor Relations, First Bank Nigeria (FBN) Holdings Plc, Tolu Oluwole, has sold off his shares in the financial institution amid a drop in the...
The Central Bank of Nigeria (CBN) has announced a number of operational modifications for the Bureau De Change (BDC) segment in an effort to increase the...
The value of investments in the Nigerian capital market rose by 0.24 percent at close of trading on Friday. This represented a N85.7 billion growth in...
The former special assistant on digital/new media to ex-President Muhammadu Buhari, Tolu Ogunlesi, on Friday revealed that Nigeria has never applied to join BRICS after the...
The National Bureau of Statistics (NBS) has revealed that Nigeria’s Gross Domestic Product (GDP) recorded a growth of 2.51 per cent in real terms in the...
The Chairman of the Association of Licensed Telecoms Companies of Nigeria (ALTON), Gbenga Adebayo, has called for a review of the prices of services of network...
The International Monetary Fund (IMF) has disclosed that $7 trillion was spent by governments across the world on fossil-fuel subsidies in 2022. In a report obtained...
The Central Bank of Nigeria (CBN) has rubbished a report by JP Morgan on the status of Nigeria’s foreign reserves which sparked concerns over forex liquidity...
Investors in the Nigerian capital market lost N49.8 billion at the close of trading on Thursday. This followed the crash in the market capitalization from N35.84...
The National Bureau of Statistics (NBS) said on Thursday Nigeria’s unemployment rate dropped to 4.1 percent in the first quarter of this year. In a report...
Ikeja Hotel has adopted cost savings measures that resulted in some of its workers losing their jobs, as the management struggled to make the company a...
The spokesperson for the Airline Operators of Nigeria (AON), Obiora Okonkwo, has requested a special foreign exchange window for airline operators to access dollars. Okonkwo said...
Nigeria’s stock exchange proposes allowing dollar-denominated bond listings and potentially expanding this to stocks, with the aim of easing foreign currency access for companies in Africa’s...
The Naira exchanged for N773.42 to the dollar at the Investors and Exporters window on Wednesday. This indicated that the Nigerian currency depreciated by 0.35 percent...
The value of investments in the Nigerian capital market rose by N2.2 billion at the close of trading on Wednesday. This followed the growth in equity...
Ikeja Hotel has announced that the hospitality firm will sell a stake in the company to raise billions of naira, as it rolls out bonus shares...
The Chief Executive Officer of Nigerian Exchange Ltd., Temi Popoola, has disclosed that the capital market in the country is considering a dollar-denominated bond listings. Popoola...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has told the Federal Government to stop destroying illegal refineries in the Niger Delta creeks. The Chairman of...
Nigerian stock market capitalisation grew to N35.84 trillion on Tuesday, rising by N157.58 billion from the previous day’s N35.68 trillion. The All-Share Index rose by 286.26...
The three tiers of government on Tuesday shared the sum of N966.110 billion as revenue allocation for July. The Federation Account Allocation Committee (FAAC) disclosed this...
The BRICS nations; Brazil, Russia, India, China and South Africa, have agreed to reduce their reliance on the dollar in loan advances to their members. This...
The money supply in Nigeria increased to N64.9 trillion in July 2023, the money and credit statistics report obtained from the Central Bank of Nigeria (CBN)...
US-based financial firm, JP Morgan, has disclosed that Nigeria’s foreign reserves stood significantly lower than the figure the Central Bank of Nigeria (CBN) claimed the country...
On Monday, the Nigerian stock market recorded 0.74 per cent appreciation in the equity capitalisation, representing N262.52 billion gain. This raised the market capitalisation from N35.42...
Petrol consumption in Nigeria dropped in July by 19.95 per cent month-on-month, following the removal of fuel subsidy by President Bola Tinubu. According to the Nigerian...
The Manufacturers Association of Nigeria (MAN) said the Federal Government is placing its N77 trillion debt burden on manufacturers through high and multiple taxes. In the...
MTN Nigeria, Unity Bank and Wema Bank are the stocks to watch this week as the Nigerian bourse resumes trading. Ripples Nigeria stocks watchlist is 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...
Nigerian banks have lost a whopping N9.5 billion to electronic frauds since the beginning of 2023. This is as the Nigeria Electronic Fraud Forum (NeFF), on...
On May 22, 2023, the Dangote Refinery was inaugurated in Lagos, Nigeria, with former President Muhammadu Buhari officiating the ceremony. The event marked a significant milestone...
The Central Bank of Nigeria (CBN) on Friday released fresh guidelines for the sale of foreign exchange by Bureau De Change (BDC) operators in the country....
In a bid to sanitise the foreign exchange market, the Central Bank of Nigeria (CBN) has introduced a foreign exchange price verification system, specifically designed for importers to...
One of Nigeria’s corporate banking platforms, Moniepoint, has moved to join the consumer banking market. As a result, it revealed a debit card and mobile application...
News broke on Wednesday that Nigeria’s national oil company, the Nigeria National Petroleum Company Limited (NNPCL) signed a loan agreement to the tune of $3 billion...
President Bola Tinubu on Wednesday assured investors of a sustainable and friendly environment for growth in the country. The president, according to a statement issued by...
The Nigerian National Petroleum Corporation (NNPC) Limited on Wednesday secured a $3 billion emergency crude repayment loan from the African Export-Import Bank (Afreximbank) to stabilise the...
The MTN Group has stated that its fintech division, MoMo, seeks to bring on more investors. This disclosure comes one day after the big agreement, in...
Inflation is getting worse in Jumia’s main operational markets, including Nigeria, Ghana, and Egypt, as seen by the company’s Q2 2023 financial figures, which indicate a...
The reality of the state of the Nigerian economy may have dawned on the Federal Government as reports have it that it is mulling selling stakes...
Trucks drivers are to pay a mandatory N50 stamp duty on every N1,000 issued to them by the Nigerian Ports Authority (NPA) through the Trucks Transit...
The National Bureau of Statistics (NBS), in its latest report, said Nigeria’s headline inflation jumped to 24.08 per cent in July 2023. Ripples Nigeria reports that...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Dr Orji Ogbonnaya, on Monday said that Nigeria requires $20 billion annually to achieve the...
In a bid to arrest the free fall of the naira at the parallel market, also known as black market, the Central Bank of Nigeria {CBN},...
The Acting Governor of the Central Bank of Nigeria (CBN), Folasodun Sonubi, said on Monday the apex bank would adopt new measures to stabilise the naira...
Nigerian households and small businesses looking to acquire solar panels, batteries, inverters, and other green energy equipment now have access to as much as N10 million...
