The Nigeria National Petroleum Corporation (NNPC) found it difficult to get buyers for Nigerian oil produced in the month of September depriving the government of much-needed...
MTN Nigeria share slumped last week as sell pressure continued among shareholders engaging in profit-taking. Analysis showed that the capital market has been pricing the y’ello...
The Nigerian Export Promotion Council (NEPC) has disclosed that there is no record of export from the northeast region in recent months. The disclosure was made...
As investors resume to selling, buying and holding shares this week, stocks that should be on your watch list are MTN Nigeria, UPDC, NEM Insurance and...
The Nigerian capital market ended the week in the negative territory as investors traded 1.278 billion shares worth N17.340 billion in 21,052 deals. This was below...
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...
Rand Merchant Bank (RMB) has unveiled the top 10 investment destinations in Africa with Nigeria conspicuously missing from the list. RMB index is based on various...
Africa’s richest man, Aliko Dangote, is on track to attain his highest wealth level in seven years after raking in N968 billion in the last 11...
Bitcoin has been bleeding since second week of November, but its losses deepened in the last 24hour, losing 17.64 percent in its market price, as Omicron...
For the third consecutive day, the Nigerian capital market ended trading on the negative territory following the crash in the equity market by 0.18 percent on...
The Central Bank of Nigeria (CBN) has revealed that Nigerians outside the country sent home $1.96 billion in the first 10 months of 2021. This was...
The Wolf of Wall Street, Jordan Belfort, has warned against investors pouring money into meme cryptocurrencies, Dogecoin and shiba inu, stating that risk of losing investment...
MTN Nigeria, Airtel Networks Limited, and Mafab Communications Limited have made it into the next round of auction for the acquisition and deployment of the fifth...
Shareholders’ investment in the Nigerian capital market dropped by 0.5 percent on Thursday. The development caused shareholders to lose N112.27 billion within eight hours of trading...
Bharti’s Airtel Africa has increased the company’s control in its Nigerian subsidiary, Airtel Networks Limited, after conducting a buyback of minority shares, a new statement showed....
Nigerians looking to obtain foreign currencies for travels and businesses can now apply online, thanks to the Central Bank of Nigeria’s (CBN) deployment of an electronic...
The Central Bank of Nigeria (CBN) on Wednesday expressed disappointment with Nigerian banks’ lack of commitment to the eNaira since President Muhammadu Buhari’s unveiling of the...
MTN Nigeria’s market value declined on Wednesday as the telecommunications giant’s parent company, MTN Group, began part sell off of its stake in the domestic telco....
Deadline for the waiver of penalty and interest for companies yet to submit outstanding 2021 year of assessment (YOA) companies income tax (CIT) returns has been...
The National President of Nigeria Society of Chemical Engineers (NSCh) has revealed that Dangote Oil Refining Company will be the highest employer of chemical engineers in...
Ten Nigerian banks have publicized the names and Bank Verification Numbers of over 1,000 customers who purchased dollars from them using fake visas and other deceptions....
Investors at the Nigerian capital market lost N409.55 billion following the crash in equity capitalization by 1.18 percent at the close of trading on Wednesday. Consequently,...
Between January and November, Deposit Money Banks and Merchant banks’ borrowing hit N24.53 trillion indicating an increase of 315 percent when compared to N5.91trillion borrowed in...
The acquisition of $414.4 million worth of bitcoin by American company, Microstrategy, failed to change the market’s downward trend on Tuesday, as the fall continued into...
MTN Group has announced a plan to reduce its stake in MTN Nigeria, a move that could be seen as the majority shareholder envisaging the stock...
The National Economic Council (NEC) on Tuesday approved the Finance Bill 2022. The council, according to a statement issued by the Senior Special Assistant on Media...
Shareholders in the Nigerian capital market lost N11.94 billion from their total investments at the close of business on Tuesday.. This followed the 0.05 percent drop...
Twitter share tumbles after the company’s founder and Chief Executive Officer, Jack Dorsey, resigned from the position on Monday – a move that shocked the capital...
One of the substantial shareholders in Oando Plc, Dahiru Mangal, has sold his stake in the oil and gas company, two years after petitioning Securities and...
The Nigeria capital market slipped back to the bearish territory after investors lost N19.49 billion at the close of trading on Monday. This followed the crash...
The African Development Bank (AfDB) has postponed the 2021 Africa Investment Forum (AIF) slated to begin on December 1 in Abidjan over the new COVID-19 variant,...
Seplat Energy Plc is in a competitive bid to acquire the Nigerian shallow water business of Exxon Mobil, a disclosure that prevented the firm’s stock from...
The World Bank has again slammed the Central Bank of Nigeria’s (CBN’s) exchange rate management policies. According to the Bretton wood institution, the exchange rate policies...
The Nigerian National Petroleum Corporation (NNPC) has disclosed that from January to September a total of N109.85 billion was spent on refineries rehabilitation and pipelines in...
Honeywell Flour Mills, Zenith Bank, Flour Mills Nigeria, and First Bank of Nigeria made the list for this week’s stocks to watch list as the capital...
In an effort to keep the Naira from crashing further the Central Bank of Nigeria(CbN) pumped $2.1 billion to the Investors and Exporters (I&E) window of...
The Co-founder of FixIt45, an automotive services provider, Abdulazeez Ogunjobi, has attributed the delay in the integration of the country’s digital currency, eNaira, among payment options...
The cryptocurrency market is currently down as Bitcoin, Ethereum, Dogecoin, and many other stablecoins continue their slide unabated. Bitcoin’s value has dropped by 0.58 percent to...
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 Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, said on Friday night the country’s digital currency, eNaira, App recorded about 600,000 downloads in...
Following the rise in the equity capitalization by 0.46 percent investors went home with N104.11 billion at the close of trading on Friday. Consequently, the equity...
Google on Wednesday warned its cloud accounts holders on the activities of cryptocurrency miners hacking users’ details to mine digital assets. In a report titled: Threat...
The decentralised digital market is on a decline path as major cryptocurrency assets including Bitcoin and Ethereum lost ground amid falling trades in Nigeria. Bitcoin, according...
The naira will depreciate further in 2022 amid rising foreign reserves, according to international credit rating agency, Fitch Solutions, as it revises previous projections. Fitch had...
Vice-President Yemi Osinbajo has revealed that the country has reduced its dependence on oil exports in its diversification drive to boost revenues. Osinbajo made this comment...
Flour Mills Nigeria and Honeywell Flour Mills Plc have denied breaching court proceedings after Ecobank warned against the deal between both companies. Ecobank had said in...
Investors at the Nigerian capital market lost N71.09 billion following the crash in equity capitalization by 0.31 percent at the close of trading on Thursday. The...
The Group Managing Director and Chief Executive of Zenith Bank, Ebenezer Onyeagwu, has increased his shareholding in the lender, six months after the previous acquisitions. Onyeagwu...
Honeywell Flour Mills Plc (HFMP) investors lost N3.17 billion as Ecobank Nigeria scared the capital market away from the consumer foods manufacturer amid acquisition from Flour...
Trading on the floor of the Nigerian capital market dropped by 0.05 percent on Wednesday. Consequently, the equity capitalization fell by N10billion to close at N22.56...
