The average retail price paid by consumers for Premium Motor Spirit (PMS) otherwise known as petrol increased to N173.08 in May. The figure, according to a...
Nigerian and foreign companies have remitted a total of N588.59 billion from Value Added Tax (VAT) in the first three months of this year. This is...
Dogecoin has been labelled a fraudulent scheme by one Keith Johnson, who sued Elon Musk, and his two companies, Tesla and SpaceX, for promoting the cryptocurrency...
The Central Bank of Nigeria (CBN) has revealed that Nigeria has recorded the sum of $3.5 billion in foreign exchange repatriation from exporters, two months after...
With recent events, it’s fair to say Nigerian billionaire, Femi Otedola, is the Elon Musk of First Bank of Nigeria (FBN) Holdings, pulling the strings of...
Investors in the Nigerian capital market lost N196.9 billion as a sell-off among investors continued on the trading floor on Thursday. The development pushed down the...
First City Monument Bank (FCMB), through EasyAgents, its agency banking network and other channels, has successfully onboarded and empowered one million financially excluded Nigerians, ensuring they...
The rise in foreign exchange is threatening the continuity of aviation operation in Nigeria, according to the Airline Operators of Nigeria (AON), Vice Chairman, and Air...
Microsoft co-founder, Bill Gates, has launched another attack at the cryptocurrency community and Non Fungible Tokens (NFT) operators, mocking the digital assets as a sham driven...
Residents living in the South-West parts of the country might witness an increase in fuel prices after the South West zone of the Independent Petroleum Marketers...
The International Monetary Fund (IMF) has again raised concern about the rising Federal Government fiscal deficit, warning it could hit 6.1 per cent of the nation’s...
Nigeria’s food inflation rose to an 8-month high as the effect of Russia and Ukraine’s war 9,475 kilometres away continued to rake havoc in Nigerian homes....
Investors in the Nigerian capital market lost N182.3 billion following the dip in equity capitalization by -0.63% at the close of trading on Wednesday. The loss...
The Nigerian Electricity Regulatory Commission (NERC) on Wednesday assured the citizens of improved power supply from July 1. The NERC Chairman, Sanusi Garba, gave the assurance...
Billionaire, Elon Musk, on Tuesday, said his spacecraft company, Starship, will be travelling out of earth soon, as the world’s richest man stated that the firm...
Diesel price may hit N1,500 in July, rising from N800, the President of Natural Oil and Gas Suppliers Association (NOGASA), Bennett Korie, has revealed, as he...
Shareholders of Dangote Cement Plc on Tuesday approved N20 per share for the year ended December 31, 2021 as against the N16 paid in the preceding...
The Federal government has announced plans to take over some major airports owned by state governments. Hadi Sirika, minister of aviation disclosed this in Abuja at...
Nigeria’s inflation rate has increased to an 11-month high to hit 17.71 per cent in May 2022. The National Bureau of Statistics (NBS) said this in...
The third-largest cryptocurrency exchange, Coinbase, has announced that 1,100 employees will be sacked from their positions before the end of 2022, joining Tesla on the list...
Nigeria is no longer Africa’s top oil producer following an abysmal oil production output in May the biggest decline among its peers at a time oil...
The Head of Corporate and Institutional Banking of Mauritius Commercial Bank (MCB), Thierry Hebraud, has revealed plans to expand the company’s operation into Nigeria, as the...
The Nigerian capital market resumed from the public holiday with a loss of N47.3billion at the close of trading on Tuesday. After eight hours of trading...
Coca-Cola is retracing its step to its early days of offering alcoholic drinks, as the beverage producer signed a deal with Brown-Forman Corporation, the producer of...
The Central Bank of Nigeria (CBN) has revealed that after months of drop, Nigeria’s external reserve has recorded three consecutive days of increase. CBN stated this...
Despite reportedly having the 5th largest cattle herd in Africa, Nigeria in the first three months of the year spent over N27.664 billion importing milk. The...
Within 100 days of Russia’s war against Ukraine, Vladimir Putin’s country made $97 billion from exportation of crude oil, with European Union accounting for 61% of...
On Sunday evening major cities in the country were thrown into darkness with south-east states the worst as the national grid collapsed for the fifth time...
The Bank of America has advised the consolidation of cryptocurrencies, stating that there’s too much of cryptoassets in the digital market. The firm’s suggestion comes amid...
Bitcoin crashed below $25,000 on Monday evening as investors continued to take out their funds from the cryptocurrency market. This followed the declining investors’ confidence in...
Details have emerged on how the Dangote Petroleum Refinery and Petrochemicals (DPRP) will operate after completion. The project which is expected to begin operation in the...
McNichols Consolidated, an indigenous consumer food and beverage company, has resolved to undertake a rights issue for its shareholders amid a bullish run in the capital...
Nigeria and Russia are some of the biggest beneficiaries of Indian refiners’ high appetite for non-European and Middle Eastern crude oil last month, according to Analyst...
Currency in circulation has hit an all-time high of N3.31 trillion, thanks to heavy spendings ahead of political parties’ primary elections This is according to the...
Unity Bank, First Bank and FCMB are some of the stocks investors need to look out for this week, following the resumption of trading session in...
Nigeria’s national electricity grid on Sunday evening collapsed yet again, throwing several cities including the federal capital Abuja, and parts of Lagos State into darkness. This...
Following the invasion of Ukraine by Russia, United States companies shutdown their businesses in Vladimir Putin’s country in protest to the invasion, McDonald’s was one of...
The Nigerian National Petroleum Company (NNPC) Limited has revealed that the citizens consumed 966.58 million litres of petrol in two weeks. In the latest Premium Motor...
First Bank Holdings Plc, Unity Bank Plc and Union Bank Plc have been fined N13.5 million by the Nigerian Exchange Limited (NGX) for failing to file...
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...
Over 1.831 billion shares, worth N19.494 billion, exchanged investors hands in 21,723 deals within five days this week, against the 28.736 billion shares valued at N209.060...
The directors of First City Monument Bank (FCMB) are buying into the lender’s shares in the Nigerian stock market, a move that encouraged minority shareholders to...
The National Pension Commission has revealed that 9,517 Nigerians who were disengaged by their employees withdrew N5.66 billion from their pension contributions in the first quarter...
Naturally, humans strive to do more even when they don’t have capacity to do so. People rent apartments and try to rush into building their own...
A new survey by S&P Platts has shown Organization of the Petroleum Exporting Countries (OPEC+) members failed to meet May oil production targets, with Nigeria being...
Three months after the Federal Competition and Consumer Protection Commission (FCCPC) directed Google to pull down apps of some online lending platforms, the search engine giant...
The Nigerian stock market rebounded slightly on Friday, appreciating by 0.05 percent to close trading with N28.68 trillion. Friday’s equity capitalization was N16.51 billion higher than...
The International Air Transport Association (IATA) on Thursday said African airlines recorded a 116.2 per cent increase in passenger traffic in April 2022 compared to the...
Twitter shareholders will meet two months from now to vote on Elon Musk’s $44 billion acquisition deal, amid the investor’s threat to revoke the offer, after...
The Federal Inland Revenue Service (FIRS) has issued a two weeks warning notice to taxable persons or tax agents that made Value Added Tax (VAT) and...
