Investors in the Nigerian capital market lost N12.52 billion at the close of trading on Thursday. This followed the drop in equity capitalization from N28.67 trillion...
Nigerians spent N135.85 billion on importation of motorcycles from different part of the world in six months. The National Bureau of Statistics (NBS) disclosed this in...
The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it spent over N947.51 billion subsiding petrol imported into the country from January to April. The...
The Federal government has revealed that it spent over N896.7 billion in the first three months of 2022 repaying matured foreign and local debts. This is...
A new survey has revealed rising adoption of cryptocurrency among the world’s billionaires, as they start experimenting in the digital currency, expanding their investment portfolio beyond...
The Eko Electricity Distribution Company (EKEDC) has explained the cause of worsening power supply in Lagos in the last few weeks. In a statement on its...
The National Pension Commission (PENCOM) has recovered staff pension contributions totalling N422.34 million from 23 companies in the first quarter of this year. PENCOM reported that...
Total investments in the Nigerian capital market dropped by -0.14 percent at the close of trading on Wednesday. The development pushed down the market capitalisation by...
Investors holding First Bank of Nigeria (FBN) share lost 3.11% of their investment on Tuesday, after billionaire, Femi Otedola, the majority shareholder in the firm, engaged...
Access Bank Plc has paid a sum of N15 billion to acquire Kenyan lender, Sidian Bank Ltd, owned by Centum Investment Plc. The acquisition amounts to...
The Debt Management Office (DMO) has revealed that Nigeria in the first three months of 2022 borrowed N2.04 trillion. It stated this in a statement published...
Stanbic IBTC Asset Management Limited has announced that the company will invest N15 billion into infrastructure project in healthcare, transport, logistics, renewable energy, and power, as...
Billionaire, Femi Otedola, has sold N7.96 billion worth of shares from his investment in First Bank of Nigeria (FBN), almost seven months after he acquired 7.56%...
Investors in the Nigerian capital market smiled home with N99.4billion on Tuesday following the growth in their total investment by 0.34 percent at the close of...
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said on Tuesday his members would help the Central Bank of...
African Export Import Bank (Afreximbank) has provided $300 million in financial support for the acquisition of Union Bank Nigeria (UBN) by Titan Trust Bank Limited, after...
The Nigerian government has suspended its plans to borrow from the international debt market by offering Eurobond to raise funds for 2022 budget deficits. Ripples Nigeria...
Binance coin, BNB slumps amid United States investigation into the cryptocurrency’s initial coin offering in 2017, increasing the number of government probes that the world’s largest...
Stock market gains N96.07 billion, as Ellah Lakes lead gainers list, Japaul Gold head losers. Shareholders in the Nigerian capital market pocketed N96.07 billion following the...
Lagos State Government in partnership with Oando subsidiary, Oando Clean Energy Limited (OCEL), will roll out electric mass transit buses in the state. The agreement between...
Telecommunications company, Airtel Africa, has purchased additional spectrum in the Democratic Republic of Congo (DRC) six months after losing the 5G spectrum bidding round in Nigeria,...
Investors in the capital market are selling off their shares in Wema Bank to exit their investment in the financial institution amid allegation of illegal practice...
The Nigerian Civil Aviation Authority (NCAA) is expected to present Nigeria Air, the country’s proposed national carrier with Air Transport Licence (ATL) today, Monday. The licence...
This week’s stocks to watch list consist of three firms with debt threatening their shareholders’ dividend, and another that’s entering a new market beyond its traditional...
China has topped the list of top exporting nations to Nigeria but does not appear on the list of top importing countries, widening both countries’ trade...
South African investment company, Southern Sun Africa, has concluded plans to leave Nigeria’s hospitality business amid financial troubles. The firm is expected to sell off one...
Investors in the Nigerian capital market traded 3.021 billion shares worth N31.784 billion in 29,153 deals in five days last week. This surpassed the 1.816 billion...
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...
Experts in the transportation sector have called on the government to support ongoing technological innovations driven by the private sector, in order for both parties to...
The Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Melee Kyari, said on Friday the ongoing rehabilitation of the Port Harcourt refinery would...
Investors in the Nigerian capital market pocketed N49.8 billion following the rise in equity capitalization by 0.17 percent at the close of trading on Friday. After...
Nigeria has recorded a positive trading balance as export value surpassed import bill in the first three months of 2022, the first in three quarters. The...
The total value of foreign investment or capital importation into Nigeria dropped on a quarter-on-quarter basis by 28.1 per cent to $1.6 billion in the first...
The Central Bank of Nigeria (CBN), has issued the final draft of guidelines for setting up Bank Neutral Cash Hubs (BNCHs). This is coming two months...
The Central Bank of Nigeria (CBN) has asked Nigerian banks to collect indemnities from their customers for highly secured online funds transfers amounting to N1million for...
Guaranty Trust Bank (GTB) parent company, Guaranty Trust Holding Company (GTCO), has set off a rivalry with ecommerce companies, Jumia and Konga, as well as other...
The Chief Executive Officer of Union Bank, Emeka Okonkwo, has resigned from the position after Titan Trust Bank Limited completed acquisition of the lender. Nine other...
Investors in the Nigerian capital market lost N85.3billion following the dip in the equity capitalization by 0.29% on Thursday. After eight hours of trading on the...
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota for July to 1.799 million barrels per day (mbpd). The new target...
Abbey Mortgage Bank Plc, has released its financial results for the year ended December 31, 2021 showing profit before tax (PBT) growth of 116 per cent....
The Nigerian Investment Promotion Commission (NIPC) has revealed that the value of investment announcements in the first three months of 2022 was $8.41 billion. This is...
UAC of Nigeria, a food and beverage company, has borrowed N18.7 billion from high net-worth individuals, asset managers, and many other investors through a Commercial Paper...
The Federal Inland Revenue Service (FIRS) has threatened to prevent states and local governments from obtaining loans due to their failure to remit Withholding Tax and...
Investors in the Nigerian capital market lost N8.69 billion following the dip in the value of shares by 0.03% on Wednesday This pushed the equity capitalization...
Tesla majority shareholder and Chief Executive Officer, Elon Musk, has threatened to sack executives at the electric carmaker over their work-from-home policy, which became famous among...
Tech investor, Victor Asemota, has denied the claim by a presidential aspirant, Bola Tinubu, that he brought default telecommunications company, Econet, into Nigeria, during his time...
As political parties in Nigeria wrap up their primary elections for various political seats, including presidential, governorship and senatorial positions, individuals who switched career from the...
It is mixed blessing for the Nigerian economy as prices of crude oil further soared on Tuesday, 24 hours after the leaders of the European Union...
Zenith Bank has raised $107.4 million through the issuance of Eurobond. This is expected to help the lender to mitigate interest rate and currency conversion that...
The Nigerian capital market extended its bearish run following the crash in the equity capitalization by 1.45% on Tuesday. Consequently, the total investments in the capitalisation...
