Investors at the Nigerian stock market went home with N39.6 billion following the rise in equity capitalization by 0.15 percent on Friday. After eight non-stop hours...
Guinness Nigeria has denied reports that the company is preparing to discontinue its business in the country, and currently seeking buyers for its assets in the...
The Nigerian capital market continued its recovery from the bearish run with a 0.16 percent rise in equity capitalization at the close of trading on Thursday....
MultiChoice Nigeria has succumbed to the demands of the Federal Inland Revenue Service (FIRS) to audit its company accounts over tax-related issues that has led to...
Flight delays and cancellations among airlines in Nigeria continues unabated, as the price of aviation fuel increased further due to scarcity. Last year the fuel moved...
Zenith Bank has reviewed the usage of its naira card for international transactions, while also cutting down on web transactions account holders are allowed to perform...
The Nigerian capital market rebounded from two consecutive losses on Wednesday, with the equity capitalisation rising by 0.28 percent to end trading with N25.48 trillion. Tuesday’s...
Gold is usually the go-to asset for investors during a war, with stock market losing its appeal, but bitcoin seems to be positioning itself as best...
Nigeria was not mentioned among countries Europe will be heavily relying on to help cushion Russia’s threat to withhold supply of crude oil to the international...
The Nigerian National Petroleum Corporation (NNPC) Limited has shown interest in purchasing Nigerian power plant facilities, which would allow it to expand its oil mandate to...
The bears maintained control of the Nigeria capital market on Tuesday and pushed down total investment at the bourse by 0.22 percent. The bearish mood cost...
Dangote Sugar reports business growth adversely impacted by Apapa gridlock during operation in 2021, although the company managed to pull 28.8 percent increase in turnover for...
Google says it will begin to charge 7.5 per cent value-added tax (VAT) on customers in Nigeria from April 1, 2022. The tech giant revealed this...
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that in 10 years the total aggregate financial flows from the oil and gas sector to the...
Automobile company, RT Briscoe, has announced a delay in the disclosure of its financial statement for the period of 2021 Full Year and the first quarter...
The Chief Financial Officer of Seplat, Emeka Onwuka, has dismissed reports that the deal between the company and ExxonMobil has been blocked by Nigerian National Petroleum...
Investors at the Nigerian capital market lost N3.23 billion following the dip in equity capitalization by 0.01% on Monday. Consequently, the equity capitalization dropped from N25.475...
A United States’ brands, Kimberly Clark has opened a $100 Million factory in Ikorodu a Lagos suburb amid Nigeria’s rising population. An excited U.S. Consul General...
Commercial Banks borrowing from the Central bank of Nigeria for the second consecutive month dropped and now stands at N666 billion CBN revealed this in its...
RT Briscoe, Seplat and MTN Nigeria made the list of stocks to watch this week, as short investors, scandal and regulator frustration threaten shareholders investment. Ripples...
Oil prices continued to surge on Monday morning and hit $140, the highest level since the administration of Umaru Musa Yar’Adua. Data from Reuters showed that...
Investors traded 1.374 million shares worth N23.7 billion in 28,809 deals this week. However, the figure was lower than the 1.668 billion shares valued at N19.4...
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 subsidy payment is now at N10 billion daily, as international oil price continues to surge. On Friday, brent the oil benchmark for Nigeria’s oil closed...
As many countries shift away from buying Russian oil, new export opportunities have opened up for Nigerian crude which is regarded as one of the best...
Shareholders total investment in the Nigerian capital market dropped by 0.05 percent at the close of trading on Friday. The equity capitalization dropped by N14.80 billion...
Seplat Energy’s plans to buy out ExxonMobil’s shares in its Nigerian unit Mobil Oil Producing Nigeria Unlimited (MPNU) is seriously in trouble as Nigerian National Petroleum...
share slumped during trading hours on Friday amid s3xual harassment and fraud claims in the Nigerian subsidiary, MTN Nigeria, which happens to be its largest market...
Depositors of 23 distressed Nigerian banks will be refunded by Nigerian Deposit Insurance Corporation (NDIC), the corporation’s managing director, Bello Hassan, assured. Hassan said depositors whose...
Dangote Cement Plc has sustained its position as one of the highest private sector contributor to Nigeria’s economy with a tax charge of N173.93 billion for...
Investors at the Nigerian capital market lost N34.87 billion at the close of business on Thursday. This followed the crash in equity capitalization by 0.13 percent...
The Nigerian National Petroleum Company (NNPC) Limited and it’s patners have reached an agreement with Dangote Fertilizer Company for the supply of 70 million standard cubic...
The Nigerian National Petroleum Company (NNPC) Limited has explained why the over 40 licensed refineries in the country are not producing Premium Motor Spirit, popularly called...
The Nigerian government has instructed Nigerian-owned airline operators in the country to reverse their airfares to below N50,000. This is as the price of aviation fuel,...
The Organisation of Petroleum Exporting Countries (OPEC)has increased Nigeria’s oil production capacity to 1.735 million barrels in April 2022, if possible. This is according to data...
Investors at the Nigerian capital market lost N65.7 billion following the crash in equity capitalization by 0.25 percent at the close of business on Wednesday. Consequently,...
Workers in the public-sector contributed N107.78 billion to Nigeria’s pension savings in the fourth quarter of last year, the National Pension Commission has revealed. A data...
Seplat chairman, ABC Orjiako, former Chief Executive Officer, Austin Avuru, and other shareholders of the company saw their networth increase by 9.99% on Tuesday, following series...
Nigeria’s economy is in big trouble as oil prices continue to rise, and it is now trading at above $111 the highest level since 2011. The...
Gas flaring in Nigeria’s oil fields has taken a huge toll on the economy, and also the livelihoods of Nigerians. Data has revealed that oil and...
Investors at the Nigerian capital market gained N47.5 billion following a 0.18 percent rise in equity capitalisation at the close of trading on Tuesday. The equity...
Seplat Energy will use the $500 million loan facility to complete the acquisition of Mobil Producing Nigeria Unlimited from Exxon Mobil Corporation. Ripples Nigeria gathered that...
The Nigerian National Petroleum Company (NNPC) Limited on Monday confirmed that International oil companies are diversifying and leaving Nigeria. The NNPC’s Group Managing Director, Mele Kyari,...
Nigerian billionaire, Rabiu Abdulsamad, tightened his control in BUA Foods in January, despite his company yet to meet the free float rule of the Nigerian Exchange...
Justice Taiwo Taiwo of the Federal High Court, Abuja, on Monday ordered the Central Bank of Nigeria (CBN) to release N81.9 billion to communities in Ibeno...
MTN Group, the parent company of MTN Nigeria, has acquired a virtual land in Africarare, a metaverse as it looks to create a new market for...
Investors at the Nigerian capital market recorded a marginal gain of N2.7 billion at the close of trading on Monday. This followed the rise in equity...
Russia’s currency, Ruble, fell 30% on Monday, after series of sanctions – including the SWIFT cut off – by the European Union and the United States...
Chairman of BUA Group, Rabiu Abdulsamad, has faulted Dangote Cement and Lafarge for the rising cost of cement, stating that the situation will force his company...
Foreign companies operating in Nigeria in 2021 paid over N505.6 billion in taxes to the account of the federal government. This is 30.01 per cent of...
