President Joe Biden has said the United States will release 50 million barrels of crude oil from the nation’s Petroleum Reserve, in an attempt to reduce...
Nigerian currency recorded a slight gain against the U.S. dollar at the Investors and Exporters (I&E) segment of the foreign exchange (forex) market on Tuesday. Data...
The Federal Government on Tuesday mandated AITEO Eastern Exploration and Production Company Ltd. (AEEPCo), to stop the operation of an oilfield in Bayelsa State. This was...
The wealth of Africa’s richest, Aliko Dangote, dwindled on Tuesday after two of his companies, Dangote Cement and Dangote Sugar, continued their disappointing trade periods. Dangote...
Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, has said the financial regulator will take action on the ownership tussle at First Bank Nigeria Limited...
Investors at the Nigerian stock market gained N596.40 billion on Tuesday following the rise in equity capitalisation from N22.575 trillion to N22.576 trillion at the close...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the benchmark interest rate at 11.5 per cent. The MPC voted unanimously...
American billionaire, Elon Musk, still has his sight on Nigeria, as his internet company, Starlink, will debut in the country next year, a statement from the...
Shareholders of Honeywell Flour Mills Plc gained big from the disclosure of its deal with Flour Mills of Nigeria (FMN) on Monday, as its falling stock...
The capital market was up 0.14 percent on Monday, following an increase in the equity capitalization from N22.54 trillion to N22.57 trillion at close of the...
It’s been over 48 hours since Ripples Nigeria disclosed that Tunde Hassan-Odukale isn’t the majority shareholder as First Bank Nigeria (FBN) Holdings made their investors believe....
Oba Otudeko, chairman, Honeywell Flour Mills Plc (HFMP) plans to sell his indirect stake in the company to Flour Mills of Nigeria (FMN) as the latter...
This week’s stocks watchlist consist of First Bank, Vitafoam, Conoil and Cutix, with the firms getting a mention due to capital market activities and on-field. Ripples...
In five days of the week, investors traded over 1.392 billion shares worth N27.886 billion in 19,990 deals. The value of traded stocks this week surpassed...
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 International Monetary Fund (IMF) has called for the complete removal of fuel and electricity subsidies in Nigeria early next year. In the concluding statement of...
The Nigerian Pension Commission (PENCOM) has addressed the blow out from the leadership tussle between Tunde Hassan-Odukale and Femi Otedola in First Bank Nigeria (FBN) Holdings....
Investors lost N3.27 trillion at the close of trading on Friday after the Nigerian capital market tumbled by 14.5 percent. The loss was fueled by a...
Unilever Plc is preparing for a dip in revenue after the company agreed to sell off part assets of its tea business, ekaterra, to CVC Capital...
Bitcoin has been a perfect hedge against Nigeria’s double-digit inflation in the last two years, but as consumer price index (CPI) declines, the adoption of the...
Chairman of Innoson Group, Innocent Chukwuma, has stated that he will be taking over Guaranty Trust Bank’s assets soon as the lender’s debt owed to him...
The total investment in the Nigerian stock market dropped to N22.58 trillion following the crash in equity capitalization by 0.14 percent at the close of business...
Investors reacted negatively with the change in management of Total Energies Marketing, as the oil and gas company’s market capitalisation crashed by 9.96 percent on Tuesday....
The nation’s economy grew more slowly in the third quarter of the year than it did in the second quarter, according to data from the National...
Profit-takers crashed the Nigerian capital market by 0.22 percent on Wednesday, costing shareholders N50 billion at the close of the day’s business. Sell off had pushed...
Billionaire Abdulwasiu Sowami lost 5.38 percent of his wealth on Wednesday after he acquired fuel retailing company, Enyo Retail and Supply Limited for an undisclosed amount....
The leadership tussle between Femi Otedola and Tunde Hassan-Odukale for First Bank Nigeria (FBN) Holdings control has opened another can of worms, but this time, at...
The International Monetary Fund (IMF) stated that Nigeria needs to unify its multiple exchange rates if its digital currency, eNaira, is to have an impact on...
Investors recovered from the losses of the last few days after pocketing N111.60 billion at the close of business on Tuesday. This followed the rise in...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari said on Tuesday Nigeria’s struggles to meet its Organisation of Petroleum Exporting Countries...
The founder of Stanbic IBTC, Atedo Peterside, has outlined how two bad policies from President Muhammadu Buhari destroys businesses, and one of his company became a...
Change, they say is constant, and First Bank Nigeria (FBN) Holdings seems to be ripe for one, as the lender’s management continues to drag the company...
The capital market declined slightly by 0.05 percent, as the Nigerian bourse free fall continues from last week. The decline costed shareholders N11.83 billion, as the...
Conoil investors lost 14.9 percent of their investments in the oil giants after a report emerged on November 6 that the company’s facility in Bayelsa State...
Nigeria’s inflation rate fell for the seventh consecutive month in October to 15.99 percent, the lowest since December 2020. The National Bureau of Statistics disclosed this...
Airtel Africa has secured the Central Bank of Nigeria (CBN)’s approval to operate as a super-agent in Nigeria. The Group Company Secretary of Airtel Africa, Simon...
President Muhammadu Buhari on Monday assured investors that the Nigerian government would continue to support efforts to broaden the economy through multilateral financing. The President, according...
Nigeria’s leading technology-enabled logistics company, GIGL, has launched a new delivery product, ‘Go-Faster’. The development comes months after the company’s launch of electric delivery vans to...
The Central Bank of Nigeria (CBN) has launched a debt recovery campaign in a bid to force beneficiaries of its Anchor Borrowers’ Programme(ABP) to repay the...
Libya has eclipsed Nigeria as Africa’s largest oil producer following a recent drop in the West African nation production, the Organization of the Petroleum Exporting Countries...
The Nigerian capital market over-performed this week as investors traded 1.471 billion shares worth N20.941billion in 20,410 deals. This was in contrast to the 1.428 billion...
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...
Nigeria is not among the top 10 investment destinations in Africa as difficult operating environment continue to chase away investors, a new report has revealed. In...
The Federal Government has fined a micro-money lender, Sokoloan, N10million for an alleged data breach. In a statement posted on its Facebook page on Friday, the...
The Central Bank of Nigeria (CBN) said on Friday the recently launched digital currency, eNaira, wallet has been downloaded 488,000 times in 160 countries across the...
The Federal Government is set to commence the sale of houses under the National Mass Housing Programme. The Minister of Works and Housing, Babatunde Fashola, on...
The Director-General of Budget Office (DG), Dr Ben Akabueze, said on Friday that over 30 million Nigerians, generating taxable incomes, do not pay tax. Akabueze, who...
Losses in the capital market continued on Friday, as sell off sank Nigerian bourse by 0.68 percent, partly erasing the gains from earlier this week. It...
The National Electricity Regulatory Commission (NERC) has increased the price of pre-paid meters in the country. In a circular with reference number NERC/REG/MAP/GEN/751/2, titled: “Review of...
The First City Monument Bank (FCMB) has joined other financial institutions (OFIs) in ignoring a Federal High Court ruling against closure of cryptocurrency-linked accounts. FCMB labelled...
