The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Saturday the Bankers’ Committee spent $100 million on the ongoing renovation works at...
The United Arab Emirates (UAE) Minister of State for African affairs, Shakhboot Nahyan Al-Nahyan, said on Friday the Middle East nation would invest in housing and...
The Central Bank of Nigeria (CBN) has revealed a 2.39 per cent drop in the country’s foreign reserves in the first three months of 2021. CBN...
Investors at the Nigerian stock market lost N58.3 billion on Friday after the bourse slipped back to the bear territory. The lose represents -0.23 percent drop...
Stanbic IBTC management have proposed the shareholders of the firm be paid N2 as final dividend for the period ended December 31, 2021, amid the company’s...
Oil prices fell more than 5% on Monday to the lowest in nearly two weeks following the announcement from the United States government that it will...
Despite spending a whooping N17.67 billion on marketing and advertising, the management of International Breweries Plc couldn’t prevent the company from suffering profit loss in 2021....
The Federal government of Nigeria has explained the clampdown on lending apps, which it said were terrorizing citizens. The Executive Vice Chairman, Federal Competition & Consumer...
The Debt Management Office (DMO) said on Thursday the Federal Government used loans secured from multilateral lenders as a tool for economic recovery. The Director-General of...
MultiChoice, owners of DSTV and GoTV have been stopped from increasing their rates set to take effect from tomorrow, April 1, 2022, by a Competition and...
Market capitalisation jumped 0.13 percent on Thursday, settling at N25.31 trillion, above the previous day’s N25.27 trillion. This resulted into N32.87 billion gain in shareholders total...
Starlink, a satellite company owned by world richest man, Elon Musk, has changed the period it set to debut in the Nigerian market, amid plans to...
Isah Kantigi and his company, SoftTech IT Solutions and Services Ltd., will not be able to get contracts from the World Bank agains over alleged corrupt...
The Suspension on Wema Bank Shares has been lifted after the tier-two bank successfully completed its capital restructuring. On Tuesday, 8 March 2022 the bank’s shares...
BUA Cement revenue from 2021 sales rose by 22.8%. However, cost of production for the cement bags weighed heavily on the turnover, as it grew by...
The price of the Organisation of the Petroleum Exporting Countries (OPEC) basket of 13 crude oil samples closed Wednesday trade $110.46 per barrel. OPEC Secretariat calculations...
Oando Plc has joined the list of companies delaying the release of its Audited Annual Financial statement, for the period ended December 31, 2019, as the...
American billionaire, Michael Saylor, through MacroStrategy, which he founded, borrowed $205 million to purchase bitcoin, to boost its total holdings of the cryptoasset, as the cryptocurrency...
The Nigerian capital market rebounded from two days consecutive losses following the rise in equity capitalization by 0.13 percent at the close of business on Wednesday....
Nigerian banks leveraging on technology have helped pushed the total number of bank accounts in the country to 191.4 million as at the end of December...
Nigeria’s gas production level is set to hit 1,780 billion cubic feet (bcf) in 2022, up from 1,450 billion feet in 2021, a new report from...
The second biggest hack in the history of cryptocurrency occurred last week on blockchain platform, Ronin Network, but was only discovered on Tuesday by the cryptoasset...
Ardova will not meet the deadline for the submission of the 2021 Full Year Audited Financial Results due to its involvement in the acquisition market and...
Investors at the Nigerian capital market lost N27.3 billion following the crash in equity capitalisation by 0.10 percent on Tuesday. The development brought down shareholders’ investment...
Ecobank Nigeria’s operating income dropped by -17 percent to $223 million in 2021. In its Full Year Financial Statements for last year released on Tuesday, the...
New appointees, Herbert Wigwe, the Group Managing Director of Access Holdings, and Roosevelt Ogbonna, the Managing Director of Access Bank went home with a whooping N468.82...
The Nigerian stock market opened the week with a N40 billion loss following a 0.14 percent dip in the equity capitalisation on Monday. After eight hours...
Following the restructuring of Access Bank into a subsidiary of Access Holdings, the compositions of both companies’ boards were made public on Monday. Nine people –...
The Access Bank Plc Executive Director, Information Technology and Operations, Adeola Bajomo, has resigned from the position following the delisting of the lender from the Nigerian...
The Chief Executive Officer of Guaranty Trust Holding Company (GTCO) Segun Agbaje, and other shareholders of the firm lost -11.64% of their investment as investors took...
As the Nigerian stock market resumes trading this week, investors need to watch out for the following equities; Neimeth, Cadbury Nigeria and Guaranty Trust Holding Company...
State governments are set to sink deeper into financial crises as the Nigerian National Petroleum Company (NNPC) Limited has again informed them a deduction of N328...
Investment in the Nigerian capital dropped this week as shareholders traded 1.176 billion shares valued at N16.60 billion in 21,076 deals in just five days. This...
World richest man, Elon Musk, is considering creating his own social media platform to compete against Twitter and Facebook as his networth hit $270.1 billion. Musk...
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 United States-based oil corporation, ExxonMobil, has concluded plans to mine Bitcoin in Nigeria. ExxonMobil’s NGL Industry Outlook Advisor, Eric Obrock, had proposed Bitcoin Proof-of-Work mining...
Experts in the Nigerian transportation industry have called for the adoption of e-mobility to solve challenges of climate change, noting that the unconditional embrace of electronic...
Investors at the Nigerian stock market went home with N2.12 billion following the rise in equity capitalisation by 0.002 percent on Friday. The uptick in the...
Revenue from Value Added Tax (VAT) in Nigeria increased to N563.72 billion in the last quarter of 2021, the National Bureau of Statistics (NBS) has revealed....
Cadbury Nigeria recorded a drop in profit in 2021, declining by -51.7%, amid a period investors holding its share suffered millions of naira loss in their...
Naira gained slightly against the U.S. dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Thursday. Data from FMDQ securities...
Capital importation into Nigeria dropped to $6.7 billion in 2021 as foreign investors ran away from having their money trapped in Naira. The amount recorded in...
The management of Neimeth is set to sell a part of the company to a private investor after receiving approval, as the pharmaceutical firm goes through...
The capital market slumped by 0.43 percent on Thursday, wiping N109.75 billion off shareholders funds in the Nigerian bourse, after eight hours of trading. The day’s...
Despite the huge debt profile being incurred by the country, the Federal Government has justified the continued borrowing, noting that it is crucial towards financing budget...
The inability of the Central Bank of Nigeria (CBN) to meet foreign exchange demands from the private sector has been blamed for the fuel scarcity Nigerians...
The Economist Intelligence Unit (EIU) has predicted slower economic growth for Nigeria in 2022 due to power issues, high inflation and monetary policies of the Central...
The Federal Competition and Consumer Protection Commission (FCCPC) has stated that it can’t decide the price MultiChoice chooses for its pay television, DSTV and GOTV, but...
Investors at the Nigerian stock market went home with a mere N3.97 billion following the rise in equity capitalisation to N25.418 trillion on Wednesday. The figure...
Bitcoin holders in Nigeria and other parts of the world made huge gains in the last three days as their investment in the crypto asset surged...
