The equity capitalization in the Nigerian capital market increased by 0.02 percent at the close of trading on Friday. This represented a N6.67 billion growth in...
First Bank of Nigeria (FBN) Holdings recorded a 9.8% drop in net profit at the end of 2022, despite growing its total earnings and Net Interest...
The President of the World Bank Group, David Malpass, has warned against the parallel exchange rate, stating that it impedes foreign investment, affects the bank’s projects,...
Lamido Yuguda, the director general of the Securities and Exchange Commission, has urged all levels of government to look to the capital market for funding while...
The Group Chief Executive Officer of the Nigeria National Petroleum Commission Limited, Mele Kyari, said on Thursday the subsidy regime ended in the country in February....
The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, said on Thursday the price of Premium Motor Spirit (PMS) would drop...
The Deputy President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Zarama Mustapha, said the price of fuel can’t fall below N500 per litre. Mustapha,...
The Central Bank of Nigeria (CBN) has refuted a report that the naira has been devalued and the dollar rate increased to N631. A report emerged...
The equity capitalization in the Nigerian capital market crashed by 0.06 percent at the close of trading on Wednesday. This represented a N21.17 billion dip in...
Crude oil trading platforms play a vital role in the global energy markets. We, as market participants can buy and sell crude oil to other participants...
President Bola Tinubu’s statement on fuel subsidy has resulted in panic buying among Nigerians and some filling stations have resorted to profit from the chaos. On...
The inaugural address of freshly-minted President Bola Ahmed Tinubu has continued to trigger reactions. At first, the reactions appeared overwhelmingly positive. Longsuffering free market advocates waxed...
The Nigeria Labour Congress (NLC) and the Federal Government are to meet on Wednesday over the plan to remove petrol subsidy. According to the NLC national...
It’s one thing to make campaign promises, it’s another thing to fulfil them – and politicians are sweet talkers who make a lot of promises during...
Buoyed by President Bola Tinubu’s promise to investors in his inaugural address, the Nigerian capital market on Tuesday recorded the biggest growth in the value of...
The Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, said on Tuesday the Federal Government still owes the company N2.8 trillion...
Ripples Nigeria’s Editor of Special Projects, Chinedu Chidi, has been unveiled alongside 19 others by the School of Media and Communications (SMC), Pan-Atlantic University, as part...
President Bola Tinubu’s decision to remove fuel subsidy has received backing from the Group Chief Executive Officer of the Nigeria National Petroleum Company (NNPC) Limited, Mele...
The chairman of United Bank for Africa (UBA), Tony Elumelu, has acquired more shares in the deposit money bank, a new corporate filing has shown. Elumelu...
President Bola Tinubu said on Monday his government would review the policy on the redesign of the naira notes initiated by the Central Bank of Nigeria...
President Bola Tinubu has hinted that there will be a thorough house cleaning in the Central Bank of Nigeria (CBN) to ensure Nigeria becomes a country...
President Bola Tinubu has made a major policy pronouncement in his first day in office, declaring that fuel subsidy is gone. Tinubu, who said this in...
On Monday, the stock market will not open due to the Presidential inauguration of President-elect, Bola Tinubu, however, on Tuesday, the bourse will open for investments....
The stock market closed this week with equity traders exchanging N33.899 billion for 1.963 billion shares in 30,827 deals. According to the weekly report, this is...
The Airline Operators of Nigeria (AON) has disclosed that Nigeria risks being banned from the airspace of the United States and European countries due to the...
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...
The spokesperson of the Airline Operators of Nigeria (AON) the umbrella body of local airlines in the country, Obiora Okonkwo, has rubbished the water salute of...
President Muhammadu Buhari says he is leaving behind a legacy of economic resilience after eight years in the saddle of leadership in the country. Buhari who...
The Federal Government on Friday unveiled the country’s national carrier, Nigeria Air, at the Nnamdi Azikiwe International Airport, Abuja. The aircraft for Nigeria Air landed at...
The aircraft for the country’s national carrier, Nigeria Air, has arrived at the Nnamdi Azikwe International Airport, Abuja. The Minister of Aviation, Hadi Sirika, had on...
The equity capitalization in the Nigerian capital market rose by 0.28 percent on Friday. This represented a N82.92 billion growth in the value of investments in...
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has stated that manufacturers and Nigerians will bear the brunt of the 18.5 per cent...
Airline Operators of Nigeria (AON), an umbrella body of domestic airline operators in the country, have stated that the continuous insistence by the Minister of Aviation,...
Joshua Ukute, president of the National Association of Microfinance Banks, has reassured depositors that their money is secure despite the Central Bank of Nigeria (CBN) revoking...
Investors in Conoil, Unilever, and others lost N57.71 billion at the close of trading in the Nigerian capital market on Thursday. The drop in demand for...
The Home Secretary of the United Kingdom has defended the international student package measures that seek to block Nigerians and other foreign students from bringing their...
Investors in Tripple Gee and Nestle were among the gainers as the equity capitalization in the Nigerian capital market rose to N28.81 trillion at the close...
The governor of the Central Bank of Nigeria, Godwin Emefiele has said that the Monetary Policy Committee (MPC) of the bank will further raise the interest...
Oil and gas companies, Seplat Energy and ExxonMobil, have extended the Share Sale and Purchase Agreement (SSPA) for the acquisition of Mobil Producing Nigeria Unlimited (MPNU)....
According to the World Bank, Nigeria has an $82 billion healthcare gap. And public spending on healthcare falls far short. Nigeria’s public spending on healthcare amounts...
The National Bureau of Statistics (NBS) disclosed on Wednesday that Nigeria’s Gross Domestic Product (GDP) growth declined to 2.31 per cent in the first quarter (Q1)...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate, also known as the interest rate, to 18.5...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has approved the cancellation of licences issued to 132 microfinance banks operating in Nigeria. Emefele...
The Nigerian capital market ended trading with N28.65 trillion in equity capitalization on Tuesday. The figure was N130 billion or 0.48 percent increase over the N28.52...
The acquisition of minority shares by Ocean and Oil Development Partners (OODP) and Oando Plc has been delayed by the Federal High Court, Ikoyi, sitting in...
The Federal Government on Monday, declared that no unlicensed petroleum product dealer would be permitted to load items starting from June 1, 2023, and that such...
Nigerian stock exchange appreciated in value by 0.34 per cent on Monday, as the market capitalisation of the bourse increased from N28.42 trillion to N28.52 trillion....
The President of the African Development Bank (AfDB) Group, Akinwumi Adesina, said on Monday Africa would need about $2.7 trillion by 2030 to finance climate change....
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, on Monday, pegged the cost for the construction of the Dangote Petroleum Refinery at $18.5...
The founder of Dangote Petroleum Refinery and Petrochemicals, Aliko Dangote, has revealed that the first production output from the facility will be in the third quarter...
