Founder of movie streamer, IrokoTV, Jason Nkoku, has said funds raised by Nigerian tech startups need to be scrutinised following the allegations made against Flutterwave co-founder,...
The bulls maintained their hold on the Nigerian capital market on Wednesday with their participation in the day’s trading session lifting the bourse by 0.34 percent....
The General Manager for Shell Energy Nigeria, Markus Hector, has asked that the Federal Government implement the Petroleum Industry Act (PIA), which was suspended in January...
Flutterwave co-founder and Chief Executive Officer, Olugbenga Agboola, who was formerly an employee of Access Bank has dragged the lender into series of allegations. Agboola was...
LinkedIn, the world’s largest professional networking platform, has revealed its list of the best places to work in Nigeria for 2022. Banks dominated the list in...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) oil output dropped to an average of 1.24 million barrels per day (bpd) from 1.25 million in February 2022....
Long position investors in the bitcoin community liquidated their funds on Monday, as the cryptocurrency market plummeted in the new week after a short-lived stay above...
Investors at the Nigerian capital market went home with N181.7 billion on Tuesday as the bourse’s bullish run reached the second day. This followed the rise...
The founder of Twitter, Jack Dorsey, has fault the U.S financial system, stating that America’s currency affects countries like Nigeria, where foreign goods and services are...
DSTV and GOTV have been mandated by the Competition and Consumer Protection (CCP) which ordered MultiChoice to suspend implementation of it’s new hike in subscription price...
Suntory Beverage & Food Limited (SBF) makers of Ribena and Lucozade, has agreed to sell its Nigerian subsidiary, Suntory Beverage & Food Nigeria (SBFN), to Africa...
Oil prices dropped below the $100 per barrel mark as COVID-related lockdowns in China weighed on demand expectations. Data from Reuters showed Brent crude the international...
The Nigerian stock exchange opened the week’s trading on a positive note with equity capitalization rising by 0.50 percent on Monday. The development handed the stock...
The Central Bank of Nigeria (CBN) has granted MTN a final approval to operate as Momo Payment Service Bank Limited (Momo PSB). This was disclosed on...
PricewaterhouseCoopers (PwC) has disclosed that person to business (P2B) dealings accounted for 90 percent of transactions on eNaira platform, as of December 2021, as it topped...
Twitter has began to experience the effect of having billionaire, Elon Musk, as one of its investors, as the microblogging site reported the Tesla founder will...
The World Bank has predicted tougher months ahead as household real disposable incomes in Nigeria are expected to face an “exceptional squeeze”. Shubham Chaudhuri, the World...
Some of the products of Continental Mills sold in Nigeria have been contaminated, the National Agency for Food and Drug Administration and Control (NAFDAC) has revealed....
As traders resume trading in the Nigerian stock market this week, investors need to watch out for the following stocks; Niger Insurance, MTN Nigeria and Guaranty...
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 Nigerian stock exchange capital inflow dropped to N10.812 billion this week with investors trading 1.137 billion shares in 23,471 deals. Market report published by the...
Amid poor financial return by the management of Niger Insurance, the company risks losing its operational license as National Insurance Commission (NAICOM) demands answers. NAICOM wrote...
Exporters who made their foreign exchange proceeds available will from next week get their bonus from the Central Bank of Nigeria (CBN). CBN in a circular...
Stockholders’ total investment in the Nigerian capital market was up 0.18 percent on Friday as the bourse rebounded from previous losses. After eight hours of trading...
Two of the three largest companies in Nigeria’s capital market, MTN Nigeria and Dangote Cement, are heading to the stock market to raise funds for their...
The Central Bank of Nigeria (CBN) has sanctioned Guaranty Trust Bank (GTBank), Access Bank, United Bank for Africa (UBA), and Stanbic IBTC for foreign exchange infractions....
Nigerian cement producers, Dangote, Lafarge and BUA rode on the continued high cost of the product to grow their profit to N1.93 trillion. This is a...
The Central Bank of Nigeria (CBN) has fined First City Monument Bank (FCMB), Wema Bank and Fidelity Bank over N514.28 million for enabling cryptocurrency transactions among...
Nigerian capital market investors lost N120 billion on Thursday as bearish sentiment continued to impact trading at the bourse. The capital market plunged deeper into bearish...
The interest rate forbearance given to individuals and businesses seeking loan from the Central Bank of Nigeria (CBN) has been extended by the financial regulator –...
The Nigerian National Petroleum Company (NNPC) has paid over $3.68 billion in cash call debt to five oil companies. The payment is part of NNPC’s total...
The four richest people in the world lost $21.6 billion in eight hours on Wednesday, as wealth of Tesla founder, Elon Musk, fell below $300 billion,...
The bears further tightened their grip on the Nigerian capital market on Wednesday following the crash in equity capitalization by 0.02 percent at the close of...
The Central Bank of Nigeria (CBN) has fined three commercial banks N800 million for allowing cryptocurrency transactions in the country. The apex bank had in a...
The Nigerian government has approved pioneer tax status for 33 companies for having an investment worth over N543.8 billion. The tax waiver was granted under the...
The Lagos Chamber of Commerce and Industry (LCCI) has revealed its concerns over the negative impacts of the current insecurity on businesses and the Nigerian economy....
Tesla founder, Elon Musk, has been appointed into the board of microblogging company, Twitter, after acquiring the largest shares in the firm for $2.4 billion on...
The Debt Management Office (DMO) has announced two federal government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit. According to a circular on...
Nigerian currency started the new trading week the way it ended the last trading at the official exchange market. FMDQ reports that on Monday at the...
The world’s richest man, Elon Musk, made N5.27 trillion in eight hours after acquiring a majority stake in the microblogging platform, Twitter. The South African had...
The logistics and package company, UPS has signed a partnership agreement with Jumia in a bid to expand its network to other countries in Africa. Jumia’s...
The Nigerian capital market opened trading with a loss of N83.56 billion on Monday following the crash in equity capitalization by 0.33 percent at the close...
UK investor, Unilever Group, has acquired the tea business of its subsidiary, Unilever Nigeria, through another subsidiary, Unilever Tea MSO Nigeria Limited, a move that will...
Stanbic IBTC, International Breweries and Wema Bank made it into the stock to watch list of Ripples Nigeria following poor turnover and share reconstruction reported last...
Nigerian currency continues its free-fall to the United States dollars and financial experts have told Nigerians to expect further depreciation as the year progresses. According to...
Bitcoin market value rose by 0.68 percent within two days handing investors N2.51 trillion ($6.06 billion) in the process. This followed Friday’s minting of new Bitcoin...
Investors parted with N13.5 billion in exchange for 1.289 billion shares in 22,118 deals last week. This, however, fell short of the 1.176 billion shares valued...
The Central Bank of Nigeria (CBN) has directed Deposit Money Banks (DMB) to stop including mutilated notes as part of their deposits with the apex bank....
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...
Nigeria’s position as Africa’s largest oil producer is now seriously under threat at a time oil prices are averaging $100 per barrel. The Group Managing Director/CEO...
