Hello, and welcome to the first Business Roundup in 2022. We bring you highlights of events that happened during the week -from the capital market to...
Nigerian foreign reserves closed 2021 above $40 billion despite heavy withdrawing in the month of December. Data from Central Bank of Nigeria (CBN) showed that as...
The Nigerian Investment Promotion Commission (NIPC) has detailed how it generated a total of N11.91 billion as Internally Generated Revenue (IGR) between January 2016 and June...
In 2021, seven firms delisted their shares from the Nigerian Exchange Limited (NGX), an increase from five in 2020. On the other side, the stock market...
On Wednesday, the value of oil prices went up by 30 cents or 0.24 per cent to trade at $79.47 per barrel, while the United States...
The widening gap between Naira and dollar has helped Nigeria’s five big banks rake in N159 billion additional profit in nine months. This is according to...
The Securities and Exchange Commission (SEC) has warned Nigerians against investing in FinAfrica Investment Limited and Poyoyo Investment Nigeria Limited (PILVEST). SEC in a statement issued...
Cardano, a proof-of-stake blockchain platform, has revealed plans to double down on African market, making loans available to Africans through decentralised finance (Defi). According to the...
Ethereum fell 16.95 percent below it’s All-Time High (ATH) early Tuesday, as the cryptocurrency continued to struggle to top its last milestone amid low confidence among...
The Shippers Association of Lagos (SAL) said on Monday the cost of doing business has increased by 1,900 percent over time as traders groan under process...
Faceoff between a company and its substantial investor, as well as sell off activities in the stock market are reasons to have Union Bank, Seplat, Mutual...
Christmas period wasn’t all fun for shareholders of First Bank Nigeria Holdings (FBN Holdings) after their investment in the lender dwindled 5.73 percent within five days...
The Federal Competition and Consumer Protection Commission (FCCPC) has announced that a joint committee to tackle companies operating illegally and those harassing customers has been established....
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 National Bureau of Statistics (NBS) has revealed that India was the top destination for Nigeria’s goods in the third quarter of 2021. The report stated...
Investors at the Nigerian stock market traded 965.061 million shares worth N12.455 billion in 14,802 deals this week. This was in contrast to the 1.317 billion...
The federal government has expressed excitement that more Nigerians were willing to borrow to the government. The Debt Management Office (DMO) on Friday revealed that its...
It is not a merry Christmas for Nigerians due to Inflationary pressures on household incomes according to analysts at FBNQuests. In a report Friday, the analysts...
The Nigerian capital market rebounded from two consecutive losses following the rise in equity capitalization by 0.07 percent on Friday. The equity capitalization rose by N16.8...
Shell Petroleum Development Company of Nigeria (SPDC) Limited, has declared force majeure on exports of Nigerian Forcados crude oil after the obstruction of a tanker path...
Bitcoin and Ethereum finally made their way out of the three weeks dip as the cryptocurrency market headed into Christmas period this weekend, with the two...
An undisclosed number of Arik Air pilots have been sacked by the management of the company for alleged gross acts of indiscipline, following an unplanned strike...
Shareholders continued to move their investments from the Nigerian stock market which crashed further by 0.03 percent on Thursday. With the sell pressure still on, the...
Seplat Energy has terminated the appointment of Austin Avuru from the company’s board of directors, more than a year after he retired from his Chief Executive...
The chairman of Flutterwave, Tunde Lemo, has acquired the majority stake in Union Bank after substantial shareholders exited their investment from the Nigerian lender. Lemo bought...
The Nigeria National Petroleum Corporation, NNPC has disclosed that only 17.4 percent of its N2.99 trillion revenue from January to November was paid into the federal...
Shareholders of MTN Nigeria lost -1.34 percent of their investment in the telecommunications company on Wednesday, as its share closed negative in the capital market. MTN...
Former United States President, Donald Trump, resumed his outburst on bitcoin and other cryptocurrencies, warning of an explosion in the decentralised finance community. Trump said he...
Investors at the Nigerian stock market lost N75.34 billion following the slump in the bourse’s equity capitalization by 0.34 percent on Wednesday. Sell pressure knocked down...
Following the approval of the 5 Generation spectrum to MTN Nigeria and Mafab Communication, the world’s two biggest plane makers, Boeing and Airbus, have warned against...
Twitter founder, Jack Dorsey, has made a huge projection about bitcoin’s future against the United States’ currency, dollar, during an exchange with American rapper, Cardi B....
The all-commodity group import index rose by 0.52 percent between July and September 2021, according to the National Bureau of Statistics (NBS). According to NBS Commodity...
The average cost of refilling a 12.5kg Liquefied Petroleum Gas (Cooking Gas) in Nigeria has spiked by 78.99% in the last one year according to data...
Dangote Sugar, BUA Sugar and other operators in the sugar backward programme will benefit from the Federal Government’s $73 million intervention fund for the sector. The...
Investors at the Nigerian capital market lost N3.20 billion following the dip in equity capitalization by 0.01 percent at the close of trading on Tuesday. The...
The average fares paid by commuters within Nigerian cities rose by 33.74 percent year-on-year, according to the National Bureau of Statistics (NBS). The NBS stated this...
Cryptocurrency is not banned in the United States, but the U.S government has been tough on illegal activities in the crypto market, confiscating these digital assets...
The Central Bank of Nigeria (CBN) has withdrawn over $485.4 million from Nigeria’s external reserves since the start of December. The money was withdrawn between December1st...
The Nigerian National Petroleum Company Limited (NNPC) has called on the citizenry to disregard the information making the rounds on social media that it is currently...
The market capitalisation closed at N22.12 trillion when the Nigerian bourse ended activities on Monday, while the All-Share Index hit 42,394.71. According to the Nigerian Exchange...
The federal , states, and local governments shared N675.94 billion from the federation account in November. This was disclosed by Olajide Oshundun, Acting Director, Information, Ministry...
Nigeria’s oil rig count has decreased by 38 percent to 80 in the first 11 months of 2021, from 129, recorded in the corresponding period of...
This week’s stocks watchlist consist of two Nigerian banks, First Bank Nigeria (FBN) Holdings and Guaranty Trust Holding Company. Also on the list are telecommunications companies,...
Despite billions spent and promises of stable power supply from the present administration, the National Bureau of Statistics (NBS) has revealed almost half of Nigeria’s electricity...
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 Central Bank of Nigeria (CBN) has accepted Alhaji Ahmad Abdullahi’s appointment as Chairman and non-executive Director of First Bank Holding Plc. This comes after Mr....
A former Minister of State for Finance, Remi Babalola, has resigned as chairman, board of directors of First Bank Holdings. He resigned from the position just...
Trading activities in the Nigerian capital market closed on a negative note on Thursday amidst sell-offs and buy-interests. Data obtained from Nigeria Exchange Group (NGX) showed...
The Federal Executive Council (FEC) has approved the Nigerian startup bill drafted by the tech industry. The bill proposes the government creates the Startup Investment Seed...
The Nigerian capital market recovered from the previous day’s loss to post a 0.09 percent rise in equity capitalization at the close of trading on Wednesday....
