This week’s stocks to watch out for as the capital market resumes are Ellah Lakes, Flour Mills of Nigeria and RT Briscoe. Their selection was influenced...
Ukrainian citizens are depending on cryptocurrency for financial transactions as many of the displaced residents, including Nigerians cannot access their accounts. The United Nations said on...
Investors at the Nigerian capital market parted with N19.481 billion in exchange for 1.668 billion shares in 25,979 deals last week. This, however, fell short of...
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...
Nigerian-owned oil companies have been the beneficiary of the wave of divestment by foreign players in the country’s oil market, buying up the assets to expand...
Foreign oil companies are exiting the Nigerian oil market, after operating in the market for over 60 years, as the passage of the Petroleum Industry Act...
The Federation Accounts Allocation Committee (FAAC) has distributed the total sum of N574.7 billion to the three tiers of government to be able to sort their...
Investors at the Nigerian capital pocketed N30.38 billion following the rise in equity capitalization by 0.11 at the close of trading on Friday. The equity capitalization...
Russia is one of the locations where cryptocurrency criminal activities are performed, as blockchain data platform, Chainalysis, states that over $25 billion illicit crypto funds are...
International oil price continues to trade above $100 per barrel despite the United States’ efforts to ensure the Russia, Ukraine crises does not put intense pressure...
Total investment held by shareholders in the Nigerian capital market hit N25.47 trillion following a 0.13 rise in equity capitalisation at the close of trading on...
President Muhammadu Buhari on Thursday warned leaders on abuse of trust and privileges. The President, who made the call when a paid a courtesy visit to...
Russia’s invasion of Ukraine’s territory is favouring Gold, while dragging bitcoin down, as investors’ confidence dropped in the cryptocurrency market, but rose in the traditional asset....
AIM Consultants Limited a Nigerian consultancy company has joined the list of 55 other Nigerian companies blacklisted by the World Bank from getting its contracts over...
The International Monetary Fund (IMF) has urged the Nigerian government and other nations to liquidate companies that are too weak to survive the debt they piled...
The federal government has expressed sadness that it has failed to take full advantage of rising oil price, while other oil producing countries smiled to the...
Over N21.35 billion was lost by shareholders after eight hours of trading on Wednesday, as the market capitalisation dipped 0.08 percent. The loss cut shareholders total...
Learn Africa Plc is considering an organic growth in its operation, with the board of directors set to meet on various issues relating to its capital...
Oil prices traded near to $100 per barrel on Tuesday as tension between Russia, the world’s largest crude producer, and Ukraine intensified. On Wednesday data from...
Citigroup, a financial service firm in United States, has announced plan to establish its commercial and consumer banking operation in Africa’s largest economy, Nigeria, after years...
The Russian government has approved the use of cryptocurrency for investment and released a new set of rules amidst tension with Ukraine. Bank of Russia had...
Investment in the Nigerian capital market rose by 0.02 percent at the close of business on Tuesday. This followed the rise in equity capitalisation by N10...
Nigerian auto-tech and repair startup, Fixit45, has completed its transition into the car-hailing business after signing a partnership deal with Bolt (formerly Taxify). Fixit45 is making...
Flour Mills of Nigeria (FMN) and Honeywell Flour opened this week’s trading as one of the losers in the capital market, as sell off among their...
Today could be the day after seven years, that oil price could finally hit the $100 per barrel threshold as the tension between Russia and Ukraine...
China has maintained its position as the largest investor in Africa over the last 10 years beating the United Kingdom, United States and other top European...
Nigeria could be bracing up for a new petrol pump price as the Nigerian National Petroleum Company Limited has introduced a fresh marine charge for marketers....
The eNaira will cause money laundering and financing of terrorism, according to the International Monetary Fund (IMF), as the global creditor revealed the digital currency possesses...
Investors at the Nigerian capital market pocketed N50.3 billion on Monday following the rise in equity capitalization by 0.19 percent at the close of the day’s...
The National Bureau of Statistics (NBS) said on Monday the agricultural sector contributed N41 trillion to the country’s Gross Domestic Product (GDP) last year. This, according...
The Chairman of United Nigeria Airlines, Obiora Okonkwo, on Monday blamed flight cancellations for the loss of revenue by players in the nation’s aviation industry. Okonkwo,...
As trading starts this week, Aliko Dangote and other shareholders of his cement company, will be hoping to recoup last week’s loss, after their funds in...
Airlines in the country have announced a 100 percent increase in airfare tickets amid high cost of aviation fuel, and low number of aircraft. This was...
RT Briscoe, Computer Warehouse Group (CWG), and SCOA are some of the stocks investors need to watch out for this week, as the capital market resumes...
Investors traded 1.713 billion shares worth N30.764 billion in 24,767 deals last week. However, this was 1.331 billion shares valued at N22.700 billion that exchanged hands...
Meta’s (formerly Facebook) Lead Product Manager, Dare Obasanjo, has blamed institutional investors for the overvaluation of cryptocurrency, bitcoin, stating that there was no bigger fool in...
The total currency in circulation in Nigeria closed the year 2021 at an all-time high of N3.33 trillion. This represents a N418 billion increase when compared...
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 value of Bitcoin has dropped by -0.47 percent in the last 24 hours with the most popular cryptocurrency falling below $40,000 on Saturday. The digital...
Shareholders at the Nigerian capital market went home with N20.39 billion following the rise in equity capitalisation to N25.40 trillion at the close of business on...
Oando’s Group Chief Financial Officer, Olufemi Adeyemo, has resigned from the position. Adeyemo’s resignation from Oando came almost three years after the Securities and Exchange Commission...
Commercial banks have released more names of forex defaulters in compliance with the directive of the Central Bank of Nigeria (CBn) to publish the names of...
Reactions have continued to trail series of allegations made by BUA Foods against its market competitors, Dangote Sugar and Flour Mills of Nigeria (FMN), with the...
Dangote Sugar Refinery (DSR) has responded to the accusation of creating artificial sugar scarcity in a bid to increase price, an action DSR was alleged to...
Investors at the Nigerian capital market traded 357.7 million shares worth N6.48 billion in 4, 251 deals on Thursday. The equity capitalisation also stood at N25.38...
The Nigerian economy has made an improvement by 3.98%, similar to what it was before the Muhammadu Buhari administration came to power. The National Bureau of...
The International Monetary Fund (IMF) has listed four potential risks of bitcoin to a country’s economy, as the global financial body says it doesn’t recommend legalising...
As Cryptocurrency remain banned in Nigeria’s financial system, U.S states are proving to the Nigerian government that bitcoin and other altcoins are far from being a...
Nigerian banks handed over N5.1 trillion in credit to private sectors players in 2021 as total credit to private sector now stands at N36.7 trillion. The...
The Nigerian National Petroleum Company (NNPC) Limited on Wednesday urged Nigerians to exercise patience as the corporation works assiduously to restore normal supply and distribution of...
