What should have been good news for Nigeria is set to be a fiscal headache as the international benchmark for oil prices surged above $85 per...
The risk sentiments of bitcoin has spilled over into the stock market, according to the International Monetary Fund (IMF), as the most popular cryptocurrency and equity...
Stanbic IBTC Holdings is set to enter the tech market in Nigeria as the creditor is establishing a Financial Technology subsidiary, and in the process of...
Nigeria lost a whopping N635.8 billion during the 222-day shutdown of the microblogging platform, Twitter, in the country. The Federal Government banned Twitter in Nigeria on...
Investors at the Nigerian capital market pocketed N403.8billion following the rise in equity capitalization by 1.70 at the close of business on Wednesday. Consequently, the equity...
Access Bank Plc has distanced itself from the activities of a company offering investment services online, Access Capital Investment Platform. In a statement sent to the...
Nestle has been knocked out of the top five most capitalised companies list after a sell off among shareholders devalued the firm’s stock on Tuesday at...
DoubleLine Capital chief executive officer and American billionaire, Jeffrey Gundlach, has warned investors against investing in bitcoin at the current state of the cryptocurrency. Gundlach’s words...
Investors at the Nigerian stock market lost N20.3billion following the crash in equity capitalization by 0.08 percent on Tuesday. Consequently, the equity capitalization dropped from N23.65...
An Ivory Coast-based startup, Afrikrea, has announced the closure of a $6.2million pre-Series A round. The e-commerce startup also declared its intention to rebrand its venture...
Super Eagles players representing Nigeria at the ongoing African Nations Cup (AFCON) in Cameroon will receive payments in cryptocurrency throughout their stay in the tournament. The...
The Centre for the Promotion of Private Enterprise (CPPE), an economic advocacy group, has identified Dangote Petroleum Refinery as one of the key expected drivers of...
Airtel Africa displaced its rival, MTN Nigeria, as the second most capitalised company and the largest telecommunications firm in the Nigerian capital market on Monday. MTN...
Standard Chartered Plc has concluded plans to close 50 percent of its branches in Nigeria as digital banking takes centre stage. According to a report by...
The competition in the top ten most capitalised companies in Nigerian capital market has been heightened by BUA Foods, as the firm displaced Guaranty Trust Holding...
The founder of BUA Foods, Abdulsamad Rabiu, lost 0.66 percent of his wealth on Monday despite the rise in the value of his staple food company....
Investors at the Nigerian stock market went home with N23 billion on Monday as the bourse extended its bullish run to another week. This followed the...
The founder of cryptocurrency exchange, Binance, Changpeng Zhao, has moved up the world’s rich list to 11th position following the increase in his networth. The 44-year-old’s...
Nigerian Breweries, International Breweries, BUA Foods and Unity Bank should be on your stocks to watch list for this week, as the companies struggle with government...
The Nigerian stock market traded 2.027 billion shares worth N59.014 billion in 15,750 deals in four days this week. Despite trading one day less than the...
New year, new plan, huge optimism but little to cheer for Nigerians. On December 31, President Muhammadu Buhari signed the 2022 Appropriation Bill into law, promising...
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 Peoples Democratic Party (PDP) declared on Saturday no decision has been made by leaders and other stakeholders on the zoning of its 2023 presidential ticket....
Nigerian external reserves dropped to $40.49billion following the withdrawal of $21.8million from the reserves by the Central Bank of Nigeria (CBN) earlier in the week. Data...
Shareholders at the Nigerian capital market smiled home with N130.7 billion following the rise in total investment by 0.55 percent on Friday. The development lifted the...
The National Bureau of Statistics (NBS) has disclosed that Nigeria attracted $1.73 billion from foreign investors and companies in the third quarter of last year (Q3...
The administration of President Buhari has paid back N1.11 trillion loan collected from the Central Bank of Nigeria (CBN) to run the country. CBN provides support...
Bitcoin tumbled in reaction to reports that the United States is planning to reduce its balance sheet by selling off bonds. This move saw a record...
With the end of 2021, it’s time to go on a trip down memory lane of events that shaped the year in the business world. This...
Eterna Plc has reshuffled its company board following the majority acquisition of the oil and gas firm by Preline Limited, which now controls 60.9 percent of...
Investors at the Nigerian capital market gained N70.6 billion on Thursday following the rise in the equity capitalization by 0.30 percent at the close of the...
In the last three years, the Federal Government has been clamouring for the return of excise duty, a policy abolished in 1993, on soft drinks –...
The Manufacturer Association(MAN) has detailed what the new N10 per litre excise duty on carbonated, and non-alcoholic drinks means for the manufacturing industry and Nigerians. In...
Cinema Exhibitors Association of Nigeria (CEAN) has revealed that in the 52 weeks of 2021, Nigerians spent over N2.4billion on movie tickets. CEAN disclosed this in...
Investors at Airtel Africa made over N358.90 billion on Wednesday after the firm’s share value hit an All-Time High, while MTN Nigeria shareholders were left without...
BUA Foods Plc has announced it has completed all necessary requirements to trade its shares on the Main Board of the Nigerian Exchange Limited. A total...
First Bank of Nigeria Limited has announced the appointment of three additional Executive Directors by the Board. The company said in a statement on Wednesday that...
The Federal Government has reiterated its decision to ensure the total removal of subsidy on Premium Motor Spirit, commonly known as petrol. This was disclosed on...
Nigerian capital market investors pocketed N240 billion at the close of business on Wednesday. This followed the rise in the equity capitalization from N23.18 trillion to...
Nigerian businesses as at November 2021 secured N35.3 trillion from Nigerian banks according to data from Central Bank of Nigeria (CBN). The data titled ‘Money Statistics’...
Within twelve months of 2021, the total value of the cryptocurrency market jumped 64.57 percent, as trade among investors deepened despite government sanctions in Nigeria and...
Wema Bank is to raise N40 billion from its sharesholders as the company seeks funds from the capital market, the board of directors revealed in a...
Over $4.9 billion was attracted by Africa as investment deals, and Nigeria accounted for the lion share compared to funds received by other countries on the...
Investors at the Nigerian capital market gained N1.35 trillion during the resumption of trading activities at the bourse on Tuesday. This followed the rise in equity...
Amid a surge in demand for more cash by bank customers, Nigerian banks are finding it difficult to meet demands. Ripples Nigeria observed many Bank customers...
Nigerian investors Shareholders in quoted firms listed on the floor of the Nigerian Exchange Limited (NGX) realised a gain of N1.238 trillion during the year 2021....
Nigerian households, Small and Medium-sized Enterprises (SMEs) will have increased access to financial support from the Central Bank of Nigeria (CBN) in 2022, governor, Godwin Emefiele,...
The President of the Association of Bureaux De Change Operators of Nigeria (ABCON), Aminu Gwadabe, said on Monday the black market was in comatose due to...
Amid harsh economic realities, the organised private sector, yesterday, raised concerns over high taxation making the 2022 economy bleak. In a statement yesterday, President, Abuja Chamber...
Stocks to watch list this week is dominated by company takeovers and stock market sell off, which will affect investment of shareholders in some selected companies....
