Investors at the Nigerian capital market lost N26.8billion following the dip in equity capitalisation by 0.10 percent on Friday. This led to a drop in equity...
Ownership of cryptocurrency is depreciating in Nigeria amid a meltdown in the cryptoasset market and clampdown by banks on holders of the decentralised finance currency. According...
The federal government is set to hit a jackpot following the concession of Onitsha River Port, which connects Lagos to the South East if projections from...
The most popular cryptocurrency, bitcoin, shed more in value in January 2022, than it did in the corresponding month of 2021, as the digital asset succumbed...
Meta founder, Mark Zuckerberg, has dropped out of the top 10 rich list after investors took out their investment in the company. Zuckerberg dropped to ninth...
Shareholders at the Nigerian capital market pocketed N215.08 billion on Thursday after the bourse rebounded from previous day’s losses. This followed the rise in equity capitalisation...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority has disclosed that it has paid out N22.7 billion bridging claims to petroleum product transporters. According to the...
Nigerian external reserves dropped to $40.1 billion following the withdrawal of $400 million from the reserves by the Central Bank of Nigeria (CBN) in the month...
OPEC and non-OPEC members on Wednesday agreed to increase the oil production quota by 400,000 (0.4 million) barrels per day. This decision was reached at the...
Investors at the Nigerian capital market lost N97.2 billion following the dip in equity capitalization by 0.3 percent on Wednesday. Consequently, the equity capitalization dropped from...
MTN Nigeria has given condition for the allotment of the bonus shares promised to prospective investors that participated in the telecommunications public offer last year December....
Nigerian startups are off to a fast start in January, with six raising a total of N15.6 billion ($31.5 million). The money raised was disclosed by...
Oil prices stayed close to $90, shaking off speculation that OPEC+ may decide to boost supply in the market, coupled with expectations of a rise in...
United Arab Emirates (UAE) has been directed by the Federal Government to allow Air Peace commence passenger operation, while approving Emirates Airline resumption. In a letter...
Shareholders at the Nigerian capital market pocketed N262.17 billion in just eight hours on Tuesday. This followed the rise in equity capitalisation by 1.04 percent at...
Julius Omodayo-Owotuga, the long-time partner of businessman Femi Otedola, has joined the board of First Bank of Nigeria (FBN) Holdings as the billionaire’s controlling stake in...
Digital investment platform, Crowdyvest, is currently in financial distress that has seen it unable to refund money invested by Nigerians into the tech startup’s investment opportunities,...
Nigerian banks could come under intense pressure as a result of the sharp ongoing decrease in foreign assets and weakening Naira. Data obtained from the Central...
Five companies have been selected by the Nigerian Railway Corporation (NRC) for the next stage of the bidding process for e-ticketing of Lagos-Ibadan and Warri-Itakpe Standard...
Nigeria’s low interest rate and rising inflation presented an opportunity for several top Nigerian companies to use the debt market to raise short-term loans through commercial...
The Central Bank of Nigeria (CBN) has announced 28 companies as the first batch of beneficiaries for its 100 for 100 initiative designed to revitalize the...
Africa’s logistics giant and tech-first company, GIG Logistics, has launched a crypto payment gateway on its GIGGO app. The development comes as the last-mile delivery company...
Investors at the Nigerian stock market went home with N226.11 billion on Monday following a 0.90 percent rise in the equity capitalisation. The development pushed up...
A credit rating agency, Agusto & Co, has predicted a tough year 2022 for Nigeria due to pressure on the country’s finances and the next general...
Shoprite has shutdown operation in its Maryland branch amid declining sales that forced Shoprite South Africa to sell off the Nigerian subsidiary to Persianas. The Nigerian...
The Central Bank of Nigeria (CBN) has restricted more customer funds from Wema Bank, as deposits to the lender increased by 15.1 percent in twelve months...
The Nigerian National Petroleum Company Limited has announced it spent a whopping N270.83 billion on subsidy payment in the month of December 2021. This is a...
The Nigerian National Petroleum Corporation (NNPC) has disclosed that in the 12 months of 2021 a total of N100 billion was spent on rehabilitation of refineries....
During the five days of trading this week, the NGX reported that over 1.448 billion shares worth N19.08 billion were exchanged in 22,557 deals by investors....
Over 280 cryptocurrency accounts held by Nigerians on Binance, the world largest cryptocurrency platform, have been restricted, as part of International law enforcement crackdown on fraudulent...
MTN Nigeria will be losing over 70% of its profit after tax (PAT) to investors holding the company’s stock, as they are set to cash out...
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 co-founder of Flutterwave, Iyinoluwa Aboyeji, said tech startups in Nigeria and Africa should consider inorganic growth method, such as merger and acquisition, to scale in...
The Central Bank of Nigeria (CBN) has announced plans to place on its watchlist the bank accounts of individuals who collected loans and have refused to...
The Nigerian stock exchange recovered slightly on Friday by 0.42 percent to close the bourse with N105.51 billion gain after Thursday’s loss. It had ended trading...
Airtel Africa is now the most capitalised company in the Nigerian stock market, overtaking Dangote Cement, after its share jumped 9.9 percent to hit its highest...
World richest person, Elon Musk, lost the total wealth of Aliko Dangote and more on Thursday, as his fortune dwindled by 10.7 percent after trading hours...
The Federal Inland Revenue Service (FIRS) has revealed that over N6.405 trillion was generated from tax in the 12 months of 2021. The Executive Chairman of...
Central Bank of Nigeria (CBN) has been directed by the House of Representatives to suspend its fiscal policy, and electronic invoice (e-invoice) for all import and...
Sell off trailed Wednesday’s high, resulting to stockholders losing N280.61 billion from their total investment value, which fell from N25.07 trillion. The loss represents 1.11 percent...
First City Monument Bank (FCMB) has released its financial statements for the period ended December 31, 2021, with the commercial lender reporting 4.5 percent growth in...
The African Export Import Bank (Afriexim Bank) has committed $5 billion in corporate finance to the Nigerian National Petroleum Company Ltd to support major investments in...
Nigeria will be losing over N14.9 billion daily as international oil price crossed above $90 a barrel on Wednesday. Data from Reuters revealed that Brent, the...
The Nigerian National Petroleum Corporation (NNPC) plans to pay N270 billion per month to subsidize fuel consumption by Nigerians in 2022, raising its total subsidy payment...
The capital market shook off the bears on Wednesday, appreciating by 1.31 percent to raise the equity capitalisation to N25.07 trillion. It led to Nigerian bourse...
Binance, the world’s largest cryptocurrency exchange, has been accused of blocking crypto accounts of Nigerians on its digital currency platform, and seizing their money. Nigerians took...
National Information Technology Development Agency (NITDA) and the Federal Competition and Consumer Protection Commission (FCCPC) have collaborated to prosecute money lending app, Sokoloan. Sokoloan had been...
Despite efforts by the Central Bank of Nigeria (CBN) to increase diaspora remittances, money sent home by Nigerians living abroad fell by 62 percent. Latest data...
The Central Bank of Nigeria (CBN) has revealed that it has so far disbursed N369.78 billion to Nigerians since the outbreak of COVID-19. The money, CBN...
Bitcoin, Ethereum and Dogecoin regained their footing, while Terra and Cardano failed to follow the same path, heading down the hills in a tough month for...
