The Major Oil Marketers Association of Nigeria (MOWAN) on Wednesday ordered filling stations in the country to extend their hours of operation in a bid to...
Following the takeover of Abuja Electricity Distribution Company (AEDC) by United Bank of Africa (UBA), the company’s core investors, CEC Africa Investment Limited and KANN Consortium...
South African billionaire, Johann Rupert, is gradually closing in on Nigeria and Africa’s richest person, Aliko Dangote, the founder of Dangote Cement and Sugar brands. This...
Bitcoin’s resurgence is yet to take off this year, as the most popular cryptocurrency continues to experience a rollercoaster that has hindered it from replicating the...
The Nigeria stock market rebounded from Monday’s trading losses and handed investors a N1billion marginal gain at the close of the day’s business. This followed the...
Nigeria’s inflation rate dropped marginally to 15.60 percent year-on-year in January 2022. This is 0.87 percent points lower than the rate recorded in January 2021 (16.47)...
As an oil-producing country and a member of the global oil cartel, Nigeria should be rejoicing that oil price is getting closer to $100, however, the...
The wealth of Nigerian billionaire, Rabiu Abdulsamad, dwindled by -0.44% on Monday after shares of his company, BUA Foods, plummeted following trading hours in the Nigerian...
Investors at the Nigerian capital market lost N74.9 billion following a dip in equity capitalisation by 0.29 percent on Monday. The equity capitalisation dropped from N25.43...
The European Union planned to invest €820 million in the Nigerian digital ecosystem through its Gateway Initiative over the next three years. The EU Executive Vice...
The Centre for the Promotion of Private Enterprise (CPPE) on Monday cautioned the Central Bank of Nigeria (CBN) on the planned move to stop the sale...
The International Monetary Fund (IMF) has declared central bank digital currencies (CBDCs) like eNaira are a better bet than cryptocurrencies. In a new statement, IMF managing...
The Central Bank of Nigeria (CBN) has debited N2.03 trillion from the Federal Government’s account to settle interest on the loan obtained under the Ways and...
Stocks to watch for this week comprises of five companies; one in the pharmaceutical market, two from the oil and gas industry, one from the telecommunications...
The Nigerian capital market ended this week’s trading with 1.331 billion shares worth N22.7 billion traded by investors in 24,039 deals. This surpassed last week’s 1.785...
The Founder of SwiftaCorp, Victor Asemota, claimed on Sunday businessmen in Nigeria acquired banks for power play. Asemota’s statement came a few months after businessmen, Femi...
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...
Oil marketing company, Brittania-U, has denied involvement in the importation and supply of adulterated petroleum products in the country. The Chief Executive Officer of the Nigerian...
The Federal Government’s debts to Nigerian workers has increased to N8.7 trillion after borrowing N642.9 billion last year. A data by Pension Commission (PenCom) obtained by...
Nigeria’s next leader after the administration of President Muhammdu Buhari could meet only $29.1. billion in the external reserves the International Monetary Fund has forecasted. The...
Binance, the world’s largest cryptocurrency exchange, is set to acquire a stake in business publication, Forbes, by Q1, 2022, as the media company doubles down on...
Investors lost N45.2 billion on Friday after the Nigerian capital market slipped back to the bearish territory. This followed the dip in equity capitalization by 0.17...
Oando has debunked claims that the oil and gas company imported contaminated Premium Motor Spirits (PMS) into Nigeria, against the country’s fuel standard requirements. Nigerian National...
Disruptions within Nigeria’s tech space have been further stirred as Stellas Digital Bank on Thursday launched into the fintech community. The online bank arrives the market...
Nigeria’s hope of escaping its financial woes is far from close, as once again, the Organisation of Petroleum Exporting Countries (OPEC) has ranked the country among...
The Central Bank of Nigeria (CBN) has retained the five percent interest rate on its intervention loans for another year. The apex bank introduced the loans...
The Central Bank of Nigeria (CBN) on Thursday described as huge success the Naira4Dollar Scheme launched last year to encourage Diaspora remittance through official channels. The...
The Nigerian capital market recorded a growth in investment on Thursday following a 0.27 percent rise in equity capitalization at the close of the day’s business....
The Organisation of Petroleum Exporting Countries (OPEC) said on Thursday Nigeria’s crude oil production reached an average of 1.398 million barrels per day in January. OPEC...
In its bid to improve dollar supply in the country, the Central Bank of Nigeria (CBN) has announced a new scheme to improve dollar supply amid...
India, the biggest buyer of Nigeria’s crude oil is currently scouring other markets for crude as its state-owned refineries look to meet annual output targets. According...
Workers of MTN Nigeria are preparing for a strike over alleged inhumane treatment from the telecommunications company, with their union issuing a 14-day ultimatum starting February...
Investors at the Nigerian capital market gained N53.8billion after the bourse rebounded from three consecutive losses on Wednesday. This followed the rise in equity capitalization by...
Following reports linking MRS Oil Nigeria Plc to recent contaminated Premium Motor Spirits (PMS) in the country, the company has accused Panama-based Duke Oil for the...
For many years, the name Julius Berger was synonymous with road building in Nigeria, but as the Federal government switched to China, the company has decided...
Investors at the Nigeria stock market lost N78.7 billion on Tuesday as the bourse bearish trading entered its third day. This followed the dip in equity...
Nigerian smartphone users recorded the highest mobile web traffic in the world for 2021, as more internet population migrate from desktop and laptop to more convenient...
Over the weekend, motorists in Lagos, Ogun State and some parts of Abuja witnessed the resurgence of queues at fuel stations, causing some persons to embark...
Mark Zuckerberg’s wealth depleted in the last 24 hour, as report circulated that his company, Meta, could shutdown Facebook and Instagram services to the European market....
The International Monetary Fund (IMF) has predicted a difficult 2022 for the Nigerian economy, owing to the rise of the dollar against the naira and weak...
Okomu Oil share price plummeted on Monday, after unknown gunmen attacked the plantation of the oil palm company located at Okomu-Udo, Ovia South-West Local Government Area...
Investors at the Nigerian capital market lost N40 billion following the dip in equity capitalisation by 0.16 percent after eight hours of trading on Monday. The...
Guaranty Trust Holding Company (GTCO) has acquired Investment One Pension Managers Limited, as the HoldCo commences its expansion beyond core banking services within Nigeria. Investment One...
Airtel Africa’s Nigerian operation negatively impacted the revenue generation of the telecommunications company for the nine-month period ended December 31, 2021. Airtel Nigeria‘s earnings was hit...
RT Briscoe, Courtville and First Bank were selected as stocks to watch for this week, considering their capital market activities and operational decisions. Ripples Nigeria stocks...
Investors at the Nigerian capital market parted with N19.614 billion to trade 1.785 billion shares in 27,822 deals this week. This surpassed the N19.08 billion coughed...
If Nigeria can overcome its production issues, it might earn N66 billion per day from oil, the highest it has in the last seven years. 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...
Bitcoin’s value increased by 2.10 percent during the week after a mini-slump in January. The most valuable cryptocurrency asset traded below $40,000 for the most part...
Tough times await Nigerian currency, and its economy as for the first time in three months, Nigeria’s external reserve has fallen below the $40 billion threshold....
