President Muhammadu Buhari will today commission (Monday) the Dangote Petroleum Refinery & Petrochemicals, the world’s largest single train refinery in Lagos. The event will be attended...
With activities back in the Nigerian stock market this week, do well to have First City Monument Bank (FCMB), Airtel Africa and Ardova on your stock-to-watch...
Investors in the Nigerian stock market traded 3.029 billion shares valued at N33.62 billion in 29,505 deals last week. This fell short of the 3.602 billion...
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...
In Nigeria, investing in real estate has traditionally been seen as a profitable business with great prospective returns. However, Nigerians’ lack of education in that sector...
The equity capitalization in the Nigerian capital market rose by 0.15 percent on Friday. This represented a N50 billion growth in the market capitalization from N28.37...
The International Monetary Fund (IMF) has stated that the adoption of Nigeria’s digital currency, eNaira, by Nigerians has been disappointingly low. In a report dated May...
In the first quarter of 2023, 34 defaulting employers were fined N191.22 million by the National Pension Commission (PenCom) for not remitting N193.06 million in pension...
On May 12, 2023, Anthony Olasele was five hours away from Nigeria, earning a living and minding his business in faraway Spain when he learnt that...
The Federation Account Allocation Committee (FAAC) on Thursday shared a total sum of N655.932 billion to the Federal Government, states, and local councils as revenue allocation...
The equity capitalization in the Nigerian capital market crashed by 0.89 percent at the close of trading on Thursday. This represented a N256.6 billion drop in...
The International Monetary Fund (IMF) has approved the Ghanaian government’s request for a $3 billion loan. Ghana had requested the loan following a financial crisis that...
The Nnamdi Azikiwe International Airport in Abuja and the Mallam Aminu Kano International Airport in Kano have been concessioned by the federal government of Nigeria for...
The value of investments in the Nigerian capital market rose by 0.31 percent at the close of trading on Wednesday. This represented a N87.9 billion growth...
Kaduna Electricity Distribution Company (KAEDCO) risk losing its operational licence due to the company’s N51.93 billion debt. KAEDCO received a notification from the Nigerian Electricity Regulatory...
Investors in the Nigerian capital market gained N102.3 billion at the close of trading on Tuesday. This followed the rise in market capitalization from N28.44 trillion...
The minority shareholders of Union Bank of Nigeria (UBN) have been ordered by the Federal High Court to vote on the N7 per share acquisition offer...
The International Air Transport Association (IATA) has denied setting an exchange rate for international flight tickets in Nigeria. There have been reports that international airlines have...
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has urged telecoms firms and deposit money banks (DMBs) to consider the interest of financial...
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, on Monday, cautioned the 36 state governors on excessive borrowing. Okonjo-Iweala, who spoke at the...
The Nigerian capital market ended trading with N28.44 trillion equity capitalization on Monday. The figure was 0.03 percent or N10 billion higher than the N28.43 trillion...
Nigeria’s headline inflation rate rose to 22.22 percent in April, the National Bureau of Statistics (NBS) said on Monday. The country’s inflate was pegged at 22.04...
Something happened in the last week of April 2023 when the Federal Airport Authority (FAAN) and Lagos State Building Control Agency went to Ajao Estate to...
The single majority investor and directors at First City Monument Bank (FCMB) were busy mopping up shares in the stock market last week, buying 13.37 million...
Geregu, United Bank for Africa (UBA) and Transnational Corporation (Transcorp) Plc made the list of companies’ stocks to watch this week, thanks to the activities of...
Equity traders exchanged a total turnover of 3.602 billion shares in 27,801 deals, worth N36.451 billion, between Monday to Friday this week. The stock market investors...
The Director-General of the Debt Management Office (DMO), Patience Oniha, has blamed President Muhammadu Buhari and the previous administrations for Nigeria’s rising debt. Oniha said 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 National Hajj Commission (NAHCON) has agreed to the $250 increase in flight tickets demanded by Air Peace and three other airlines from pilgrims to Saudi...
Telecommunications operators in Nigeria have concluded plans to disconnect banks over N120 billion in Unstructured Supplementary Service Data (USSD) debt. The latest move followed approval by...
The equity capitalization in the Nigerian capital market rose by 0.10 percent at the close of trading on Friday. This indicated a N29.06 growth in the...
Angola displaced Nigeria as Africa’s largest crude oil producer last month. The oil production data from April obtained from the Organisation of Petroleum Exporting Countries (OPEC)...
Airtel Africa recorded a drop in its net profit, with Nigeria leading its revenue growth for the annual financial period covering April 2022 and March 2023....
The board of Seplat Energy has responded to a fresh court order against its top executives, saying the company is yet to receive the Interim Order....
The stock market has been buzzing with patronage from high-end investors in the past weeks, and recently, Herbert Wigwe and Paul Otedola made a visit to...
The equity capitalization in the Nigerian capital market dipped by 0.75 percent at the close of trading on Wednesday. This translated to a N215.6 billion drop...
The Chairman of United Bank for Africa (UBA) Plc, Tony Elumelu has acquired more shares to increase his ownership stake in the lender. This followed a...
The Nigeria Immigration Service (NIS) has blamed the Central Bank of Nigeria (CBN) for the scarcity of international passport booklets in the country. NIS comptroller-general, Idris...
The Managing Director and Chief Executive Officer of Eterna Plc, Benjamin Nwaezeigwe, has acquired shares in the oil and gas company. Nwaezeigwe bought a total of...
The majority shareholder of Geregu Power, Femi Otedola, has sold part of his shares in the power firm, weeks after exiting Transnational Corporation (Transcorp) Plc. Otedola...
Central Bank of Nigeria’s Governor, Mr. Godwin Emefiele, stated on Tuesday that the repatriation of export revenues into the nation increased by 40% to $5.6 billion...
Nigerian bourse ended trading on Tuesday with 0.04 per cent or N14.09 billion increase in market capitalisation. The equity valuation rose from N28.62 trillion to N28.64...
The Nigerian Communications Commission (NCC) generated N117.36 billion from Airtel Nigeria and MTN Nigeria after both firms renewed their 3G spectrum. Airtel Nigeria paid N58.70 billion...
MTN Nigeria has agreed to a N4.25 billion spectrum deal with Natcom Development and Investment Limited (NTEL). Details of the deal showed MTN paid N4.25 billion...
The majority shareholder of Union Bank of Nigeria (UBN) Plc, Titan Trust Bank Limited, has offered N12.18 billion to buy out the minority investors in the...
Demands for Multiverse, International Breweries, and other companies’ shares lifted the Nigerian capital market by 0.21 percent on Monday. This indicated that the value of investments...
The Central Bank of Nigeria (CBN) has still not approved the 2022 Annual Financial Statements (AFS) of Unity Bank, and First Bank of Nigeria (FBN) Holdings...
Nigerian Breweries, Access Holdings and MTN Nigeria are stocks to watch out for this week, as the Nigerian bourse resumes for another trading week. Ripples Nigeria...
President Muhammadu Buhari will commission the multi-billion naira Dangote Refinery in Lagos on May 22. The Special Assistant on Digital Communications to the President, Bashir Ahmad,...
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...
