FMDQ Exchange has revealed that the total foreign exchange inflow into the Investors’ and Exporters’ window increased to $1.41 billion in June. During the previous month,...
The Debt Management Office (DMO) has disclosed the Federal Government has redeemed a $500 million Eurobond on its due date. According to a statement by the...
Losses in FBN Holdings wiped off N883.39 billion from the Nigerian capital market on Wednesday. The trading losses brought down the market capitalization from N35.75 trillion...
The owners of Barbican Capital Limited, and its affiliate, Honeywell Group, Obafemi Otudeko and Foluke Oyeleye, will meet with stakeholders of FBN Holdings this week. Ripples...
Shareholders of First Bank of Nigeria (FBN) Holdings lost about eight per cent of their investment on Wednesday, as the rift between Oba Otudeko and other...
The Central Bank of Nigeria (CBN) has directed International Money Transfer Operators (IMTO) to add naira as a payment option for diaspora remittances. CBN said the...
Nigeria’s crude oil production quota will be renegotiated in November, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, has...
The equity capitalization in the Nigerian capital market rose by 1.64 percent on Tuesday. This represented a N580 billion growth in investments at the capital market...
The Receiver Manager acting on behalf of Ecobank Nigeria Limited, Kunle Ogunba and Associates, has demanded that First Bank of Nigeria (FBN) Holdings reject the acquisition...
The National Union of Air Transport Employees (NUATE) has stated that there’s a need to invest in Arik Air for the airline company to survive. NUATE...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has revealed that the Nigerian National Petroleum Company (NNPC) Limited has cancelled their pre-subsidy removal agreement. According to...
The Federal Government will harmonise all revenue-collecting agencies for effective performance in the country. The Special Adviser to the President on Revenue, Zach Adedeji, stated this...
Investors in the Nigerian capital market gained N851.22 billion at the end of trading on Monday. This followed the growth in market capitalization from N34.32 trillion...
Lagos State attracted the highest capital importation by states in the first quarter (Q1) 2023, as Nigeria’s total capital importation stood at $1.13 billion in the...
The stocks to watch this week are First Bank of Nigeria (FBN) Holding, Conoil and Ikeja Hotel. Their operational and stock market activities pushed them into...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pinpointed a marketer, whose truck was used by vandals to steal fuel from a pipeline in the...
After five days of trading, the Nigerian stock market saw investors exchange 9.831 billion shares in 54,478 deals, worth N145.408 billion, between Monday to Friday. Investments...
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...
When it comes to real estate and property ownership, there are various terms and concepts that can be confusing for both buyers and sellers. Two such...
Stanbic IBTC Holdings PLC, an end-to-end financial services provider in Nigeria and member of Standard Bank Group recently announced various Board appointments across the Group. Mrs....
In a bid to forestall the circumstances that led to Central Bank of Nigeria (CBN) clamping down on FBN Holdings in 2015 when Oba Otudeko was...
In the first quarter of 2023, Nigerian aviation market recorded 2,791,591 passengers, according to data from the Nigerian Civil Aviation Authority (NCAA). Breakdown of the passenger...
Barbican Capital has acquired 4.77 billion shares of First Bank of Nigeria (FBN) Holdings. FBN Holdings confirmed the development in a notice sent to the Nigerian...
The Nigerian capital market posted a N555 billion gain at the close of trading on Friday. This followed the rise in the value of investments in...
The Manufacturers Association of Nigeria (MAN) and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) have commended the suspension of the excise...
The establishment of the presidential committee on fiscal policy and tax reforms has been approved by President Bola Tinubu, a day after signing executive orders to...
Mele Kyari, the group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL) revealed on Thursday that the NNPCL would be building a new,...
The Chairman of the Major Oil Marketers Association of Nigeria (MOMAN), Olu Adeosun, has stated that oil marketers are considering possibilities of bringing down the cost...
Conoil Producing Limited has been accused by Eastline Energy Resources Limited of being a corporate fraud and allegedly having a felon as a director in the...
Investors in the Nigerian capital market traded 5.44 billion shares valued at N95 billion in 9,948 deals on Thursday. This surpassed the 846.32 million shares worth...
Four Executive Orders delaying and suspending the start of certain taxes paid by businesses in the nation have received President Bola Tinubu’s approval. Dele Alake, the...
The Federal Government has launched an investigation into price-fixing involving point of sale (POS) operators, warning that it will sanction those found guilty. This was disclosed...
The International Monetary Fund (IMF) has advised Nigeria and other countries to tax cryptocurrency transactions to raise government revenue. IMF said countries can generate value-added taxes...
The equity capitalization in the Nigerian capital market rose by 1.33 percent at the close of trading on Wednesday. This represented a N440.38 billion growth in...
The average fare for intercity bus transport in Nigeria increased by 9.09 per cent on a year-on-year basis to N4,002.16 in May, transportation data obtained from...
The impact of fuel subsidy removal on the cost of operations didn’t stop the increase in employment and new businesses in Nigeria, a new report has...
PricewaterhouseCoopers’s (PWC) Africa tax leader, Taiwo Oyedele, has warned that the Value-added tax Direct Initiative (VDI) of the Federal Government could lead to the exploitation of...
The Kano State government on Tuesday arraigned the state’s former Commissioner for Works and Infrastructure, Idris Wada-Saleh, at the state’s Chief Magistrate Court for alleged N1...
Investors in the Nigerian capital market lost N672 billion at the close of trading on Tuesday. This followed the dip in equity capitalization from N33.05 trillion...
The largest oil drilling markets in Africa are now in Nigeria and Angola, as TotalEnergies renews interest in the West African nation’s offshore Baltic rig. Angola...
President Bola Tinubu met with a delegation from the Shell Petroleum Development Company (SPDC), amid the reform of the oil sector. Tinubu appealed for continuous investments...
As part of efforts to cut carbon emissions, the Nigerian National Petroleum Company Limited has announced plans to install charging ports at its gas stations around...
The Federal Inland Revenue Service (FIRS) will start collecting taxes from market traders or the informal sector on behalf of the Federal Government. In a statement...
The equity capitalization in the Nigerian capital market rose by 1.60 percent at the close of trading on Monday. This translated to a N534.01 billion growth...
Russia and Saudi Arabia have announced additional cuts in their crude oil production output for August, as the Organisation of the Petroleum Exporting Countries (OPEC) extended...
The President of the Association of Distributors and Transporters of Petroleum Products (ADITOP), Lawan Dan-Zaki, has stated that the foreign exchange (Forex) rate will determine the...
This week, the stocks of Nigerian banks, telecommunications companies and Berger Paints are on the watch list due to operational and stock market activities last week....
The World Bank has projected Nigeria’s inflation rate to reach 25 percent this year due to the removal of fuel subsidy. The World Bank had in...
Investors in the Nigerian capital market traded 2.314 billion shares valued at N41.547 billion in 28,095 deals in three days last week. This however fell short...
Hello, and welcome to the Business Roundup this week. Here, we bring you highlights of events that happened during the week -from the capital market to...
