The International Monetary Fund (IMF) has projected that Nigeria’s Consumer Price Index will hit 16.1 per cent in 2022. It stated this in its Regional Economic...
Data show that 11 Nigerian banks in 12 months committed over N536.09 billion on salaries and wages of their staff. The figure was obtained from the...
Nigeria’s fintech company, Flutterwave, has dismissed a claim by 86FB, a gambling platform offering investment services, that it withheld funds belonging to Nigerians who invested in...
MTN Nigeria’s plan to rollout its fifth-generation technology standard for broadband cellular networks (5G) is being stalled by the Nigerian Communications Commission (NCC). According to the...
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...
Prof. Chukwuma Soludo, the governor of Anambra State, has denied rumors of a $20 million Anambra State investment in Sabmiller Group. Mr Christian Aburime, the governor’s...
Flour Mills of Nigeria Plc has received regulatory approval to acquire Honeywell Flour Mills Plc, a subsidiary of Honeywell Group. The deal was first announced in...
A report has revealed that Nigeria loses between N30 and N60 trillion annually to oil theft, illegal refining, and pipeline vandalism. The report was the product...
The value of assets in the Nigerian capital market rose by 1.64 percent on Friday as demands for shares of companies listed in the bourse increased...
The world’s richest man, Elon Musk, has stated that he would stop selling his shares in automaker, Tesla, as the billionaire raises funds to finance the...
The International Monetary Fund (IMF) has tackled countries looking to bitcoin as solution to their economic problem, after Central African Republic adopted the cryptocurrency this week....
MTN Nigeria has reported 22.2% growth in revenue for Q1 2022, amid fall in subscriber base, as regulatory restriction on new SIM sales and activations continue...
The Federal government of Nigeria between 2017 and 2019 received a credit alert of N28.02 trillion from four agencies. The revenue earned was disclosed by the...
TotalEnergies has joined the list of international oil corporations wanting to exit Nigeria’s troubled onshore oil fields, a decision that will further impact Nigeria’s dwindling oil...
MTN Nigeria share rallied on Thursday, exiting the loss it suffered on Tuesday, following approval of its dividend payment at the Annual General Meeting of the...
Nigeria may not benefit from increased oil prices, according to the International Monetary Fund (IMF) if the government does not limit the amount of fuel subsidies...
The bulls held sway in the Nigerian capital market on Thursday, pushing the equity capitalisation up 0.54 percent or N143.41 billion at the close of the...
United Bank for Africa (UBA) made N15.11 billion from its electronic banking service in three months, its Consolidated Financial Statements for the period ended March 31,...
After buying Twitter for a whopping $44 billion, Elon Musk, Tesla CEO has promised to buy Coca-Cola and ‘put the cocaine back in.’ Musk wrote via...
For the second consecutive day, the Nigerian capital market recorded marginal gain with the equity capitalization closing at N26.185 trillion on Wednesday. The figure was N2...
The Federation Accounts Allocation Committee (FAAC) on Wednesday shared the sum of N725.571 billion to the three tiers of government as revenue allocation for March. The...
Nigerian Breweries has offered to pay shareholders N1.60kobo per share as dividend for the year ended 2021. The decision was taken at the company’s Annual General...
MTN Nigeria is under investigation by the House of Representatives Committee on Public Accounts following a N2.6 trillion tax waiver granted it by the Federal Ministry...
Quantity of currency in circulation in the country dropped by N4.59bn to N3.24 trillion in March from N3.25 trillion in February 2022. The Central Bank of...
The jolly nature of Nigerians as seen in the importation of assorted wine brands into the country has jumped to its highest level. Data from Euromonitor...
Guaranty Trust Holding Company (GTCO) has reported increase in net interest income for first quarter 2022. However, its profit after tax slumped when compared to the...
The Federal government and the United Kingdom on Tuesday signed a deal that will see the inflow of about $300 million in Foreign Direct Investment (FDI)...
The Nigerian capital market reported sluggish growth closing with N26.18 trillion at the close of trading on Tuesday. The figure was a marginal increase of 0.05...
Nigerian business magnate, Aliko Dangote, has emerged as the 72nd wealthiest man in the world. According to the latest data on Bloomberg’s billionaires’ index, the chairman...
A Nigerian digital investment platform, Chaka Technologies Limited, and its investment broker, Citi Investment Capital Limited, have been included in the US Securities and Exchange Commission...
Airtel Nigeria has been granted a full super-agent license from the Central Bank of Nigeria (CBN). This is coming six months after Airtel announced it had...
MTN Nigeria Communication Plc has raised N127 billion through commercial papers (CP). The N127 billion was raised through the issuance of series 1 &11 notes under...
Founder and former Chief Executive Officer of Twitter, Jack Dorsey, made a whooping N405.3 billion ($977.8 million) after the world’s richest man, Elon Musk, acquired the...
FastCash, the fastest-growing instant loan solution in Nigeria, is proud to announce its two millionth loan disbursement. All the loans disbursed by the platform are worth...
South African-born billionaire businessman, Elon Musk, on Monday completed take over of the microblogging platform, Twitter, in a deal valued at $44 billion. The deal was...
The equity capitalisation rose to N26.17 trillion on Monday as the Nigerian capital market extended its bullish run with N45.13 billion gain for investors at the...
Central African Republic (CAR) is set to become the first country in Africa to adopt bitcoin as a means of payment, following a draft pushed by...
Elon Musk is reportedly in talks with the board of Twitter over his bid to acquire the microblogging site, amid reports that the billionaire has secured...
The Nigerian National Petroleum Company (NNPC) Ltd has announced a record supply of Premium Motor Spirit also known as petrol across Nigeria to forestall any scarcity....
Local airfares’ baseline appreciated by 4.43 percent in the month of March as airlines responded to a spike in the price of aviation fuel and the...
There seems to be a silent feud between the owner of Tesla, Elon Musk, and Microsoft founder, Bill Gates, following the latter’s decision to hold a...
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...
The Association of Nigerian Licensed Customs Agents (ANLCA) will proceed on a one-day warning strike on Monday to protest the introduction of a 15 percent National...
The Easter Public holiday stretched into Monday, cutting the number of trading days down to four, and this weighed on the outcome of this week’s capital...
Nigeria’s total pension asset value rose by 12 per cent year-on-year to N13.8 trillion as of February 2022. The pension fund as at last month stood...
The Nigerian capital market continued to post strong growth, posting a 13-year high performance at the close of trading on Friday. After eight hours of trading,...
Seplat Energy has announced a replacement for its former Chief Executive Officer, Austin Avuru, on the company’s board. Avuru co-founded the oil and gas firm with...
The founder of Binance, Changpeng Zhao, on Friday, said the cryptocurrency exchange had recovered some funds stolen by North Korean hackers, the Lazarus Group. Zhao revealed...
Lafarge Africa revenue was up 26.7% in the first quarter of 2022, however, despite improved turnover, production cost burdened the company’s earnings between January to March...
The Nigerian stock market extended its bullish run on Thursday with the equity capitalisation rising by 0.17 percent at the close of the day’s trading. Consequently,...
