Tuesday’s capital market session ended in sideways trading, with neither the bulls nor the pessimistic investors taking control of the exchange floor. Resulting into a slight...
It’s been about three months since the Central Bank of Nigeria (CBN) launched Africa’s first government-backed digital currency, but the Godwin Emefiele-led team are still struggling...
Governor of the Central Bank of Nigeria (CBN) Godwin Emefiele has said the plan of the United States to raise yields rate won’t affect the Nigerian...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has voted to retain the monetary policy rate (MPR), which measures interest rate, at...
Following increased outcry over alleged breach of customers’ privacy and data invasion by online banks, especially digital loan providers, the federal government has begun a probe...
The Central Bank of Nigeria (CBN) has been urged to retract some of its tough policy on Naira and give it a chance to fight. The...
The revenue generation companies producing alcoholic drinks like Chelsea, Orijin among others will drop in the next two years, as President Muhammadu Buhari’s administration seeks to...
Monday’s trading session continued from the bullish run of last week, awarding shareholders with N40 billion. This increased the total investment worth held by shareholders in...
In a space of one week, shareholders of Microsoft, Amazon, Apple and Netflix lost about N249.3 billion ($600 million) after investors lost confidence in holding the...
In twelve months, Point of Sales (POS) operators transacted N6.43 trillion through their terminals, as insecurity, unemployment, and other factors compel adoption of the payment channel...
Begin your trading this week by looking out for Union Bank, MTN Nigeria, Japaul Gold and Eterna at the Nigerian capital market – if you wondering...
At the end of trading this week, the Nigerian Exchange Group reported that 1.858 billion shares exchanged hands in 20,861 deals, valued at N47.486 billion. Trading...
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...
One month after MTN International Limited conducted an initial public offering of its shares in MTN Nigeria, investors who participated in the exercise are yet to...
The President of El Salvador, Nayib Bukele, has announced that his government has bought the dip to increase its total holdings of bitcoin, which is an...
Nigeria’s Excess Crude Account is almost empty and could just be left empty soon if the Federal government should make one more big withdrawal. On Friday,...
The Federation Account Allocation Committee (FAAC) has disbursed the sum of N699.82 billion to the three tiers of government for the month of December 2021. This...
Nigerian bourse handed shareholders N36 billion at the end of its eight hours trading activities on Friday, to improve on the N24.72 trillion market capitalisation reported...
The Bitcoin market stumbled on Friday, sending shock waves among many investors who lost their investment to the crypto community’s negative reaction to government’s policies across...
Nigerian businessman, Tunde Ayeni, has lost another company, Integrated Energy Distribution and Marketing Ltd (IEDM) to the Nigerian government on Friday, six years after losing defunct...
Sterling Bank shareholders lost a significant part of their investment in the lender last year, resulting from the creditor’s struggle to attract bullish (optimistic) investors to...
The first bond issuance for 2022 has been completed successfully with Nigerians offering more than the N214.05 billion offered by The Debt Management Office (DMO). In...
Skyrocketing oil price has thrown President Muhammadu Buhari’s administration a lifeline amid his government’s revenue problem, which has caused debt servicing to gulp 98% of 2021...
Investors at the Nigerian capital market pocketed N248.0 billion following the rise in equity capitalization by 1.01 percent on Thursday. This pushed up the equity capitalization...
Importation of petroleum products into Africa will cut by 36%, the Secretary-General of the African Petroleum Producers Organisation (APPO), Omar Ibrahim, has disclosed, citing Dangote Refinery...
Oil prices continued their surge on Wednesday, trading at a level never seen under the administration of President Muhammdu Buhari. Reports from Bloomberg showed that on...
Capital Market Operators (CMOs) in Nigeria have been directed not to conduct any form of business with individuals or group linked to terrorist groups. The CMOs...
The Nigerian capital market continued its recovery on Wednesday following the rise in equity capitalization by 1.73 percent at the close of the day’s business. The...
The recovery of the bitcoin has been slow as the most popular cryptocurrency now sits 38.79 percent behind the All-Time High, which was recorded in the...
Nigerian stock market ended its bearish run on Tuesday following the rise in equity capitalization by 0.57 percent at the close of the day’s business. Consequently,...
The Lagos State Internal Revenue Service (LIRS) on Tuesday threatened to penalise businesses that failed to file their 2021 tax returns by the end of the...
World’s largest independent crude oil trader, Vitol, believes people might stop purchasing the commodity as price rises in global market – a situation being experienced in...
An attempt by Petro Union Oil and Gas Company Limited to stop the acquisition of Union Bank by Titan Trust Bank Limited has been struck out...
The bearish situation in the Nigerian capital market reached the third day on Monday following the crash in shareholders’ investment by 0.12 percent at the close...
For eight consecutive months, inflation rate was on a decline in 2021, but that dip ended in December, as the Consumer Price Index (CPI) rose to...
New cryptocurrency report for the period of 2021 has shown that the digital currency market is volatile to threat from North Korea after a series of...
The Nigerian National Petroleum Company (NNPC) has promised a new turn in the coming months as it finalises efforts to become a public limited company. NNPC...
Investors need to have Guaranty Trust Holding Company (GTCO), Stanbic IBTC, BUA Foods and Berger Paints on their stocks to watch for this week as trading...
The Supreme Court has reversed its earlier ruling on a N2.4 billion judgment given in favour of Innoson Motors Nigeria Limited by the Court of Appeal....
The Nigerian stock market returned to its full week trading system last week with shareholders exchanging 1.600 billion shares worth N32.716 billion in 22,607 deals. The...
Investment in Guaranty Trust Holding Company (GTCO) has been on a decline in 2022, as the bears controlled trading on the floor of the creditor ahead...
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 Lagos Chamber of Commerce & Industry (LCCI) has provided an insight on the huge losses incurred during the seven-month shutdown of twitter operation in Nigeria....
The Nigerian government has announced the schedule for its domestic borrowing plans for the first three months of 2022 from citizens. The Debt Management Office (DMO)...
The Nigerian stock market ended in the red zone on Friday following the crash in equity capitalization by 0.33 percent at the close of the day’s...
Not only did the Nigerian National Petroleum Corporation Limited (NNPC) fail to meet its revenue target, out of the amount earned, 82.5 percent was spent. Data...
The Nigeria LNG Limited has announced the decision of its board of directors to make 100 per cent supply of the Liquefied Petroleum Gas (butane and...
Twitter founder, Jack Dorsey, is set to go into the business of mining bitcoin through its payment startup, Block, as the firm plans to make mining...
The chief executive officer of Financial Derivatives Company, Bismarck Rewane, on Thursday predicted that Nigeria’s external reserves would drop to $39 billion before the end of...
Investors at the Nigerian capital market lost N2.20 billion as the bourse slipped back to the bearish territory after eight hours of trading on Thursday. This...
