FaceBook to Appeal Nigeria’s $220 Million Fine

WhatsApp has announced that its parent company, Meta, will...

South Africa Now Offers Nigerians Visa Processing in Seven Days

The Consul-General of South Africa to Nigeria, Prof. Bobby...

Tonto Dikeh dragged online for opposing nationwide protest

July 20, 2024. Azonuchechi Chukwu. Nollywood actress and politician Tonto Dikeh...

Be patient with Tinubu, protest not the answer – Yul Edochie tells Nigerians

July 20, 2024. Azonuchechi Chukwu. Famous actor, Yul Edochie has called...

Foreign Policy

Today: Browse our editor's hand picked articles!

South Africa Now Offers Nigerians Visa Processing in Seven Days

The Consul-General of South Africa to Nigeria, Prof. Bobby...

South Africa Introduces Five-Year Multiple Entry Visa for Nigerian Business Travelers

South Africa has launched a five-year multiple entry visa...

Nigeria’s President Tinubu Condemns Assassination Attempt on Trump, Calls for Peace

ABUJA, Nigeria, July 14 - President Bola Ahmed Tinubu...

U.S. Advisory Council on African Diaspora Engagement to Visit Nigeria

United States of America: President’s Advisory Council on African...

41% of Nigerians Would Accept Military Rule if Civilian Leaders Abuse Power

51% of Nigerians Reject Military Rule Despite High Corruption Concerns Surveys Highlight Rising Acceptance of Military Takeovers in Africa Due to Governance Failures A report by...

The BigRead

“Investing in Africa: Easy Entry, Hard Exit, Say Top Investment Managers”

Despite Africa's abundant natural resources, its presence in the...

“Impact Investing: Investors Perspectives on Africa’s Fastest Growing Companies Revealed”

Skeptical Investor Perspective: "Impact investing is nonsense. It's a distraction...

Central Bank: Autonomy, Independence, and the Nigerian Economy

1. Introduction A Central Bank can be defined as...

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Consumer + Price

The Nigerian Economy

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Markets + Investing
Markets & Investing

Nigerian Bourse advances by 0.48%

July 19, 2024. Azonuchechi Chukwu. The Nigerian Bourse recovered from the...

Nigeria Sets Forex Profit Cap for Bureau De Change at 1.5%

By Grace Alegba Lagos, July 18, 2024 (NAN) – The...

Nigerian Stock market declines by 0.04% as MTN sheds weight

July 18, 2024. Azonuchechi Chukwu. Nigerian stock market on Wednesday declined...

Selloffs in MTN and Others Drag Market Cap Down 0.04%

By Rukayat Adeyemi Lagos, July 17, 2024 (NAN) – The...

Stock Market Extends Gains, Closes 0.11% Higher

July 17, 2024. Azonuchechi Chukwu. The Nigerian stock market on Tuesday...

Stock Market extends Gain, All Share Index Grows By 0.30%

July 16, 2024. Azonuchechi Chukwu. The Nigerian stock market on Monday...

Monetary + Fiscal Policy

CBN directs BDCs to cap forex profits at 1.5%

July 19, 2024. Azonuchechi Chukwu. The Central Bank of Nigeria(CBN) on...

Naira Depreciates to N1,572/$ in Parallel Market

July 19, 2024. Azonuchechi Chukwu. The Nigerian Naira on Thursday depreciated...

Nigeria’s Central Bank Sells Dollars at 1,450 Naira to Support Currency Amid Market Distortions

ABUJA, July 18 (Reuters) - Nigeria’s central bank announced...

Naira Depreciates to N1,570/$ in the Black Market

July 18, 2024. Azonuchechi Chukwu. The Nigerian Naira on Wednesday depreciated...

Commodities

FG Targets 500,000 metric tonnes of cocoa production by 2025

July 17, 2024. Azonuchechi Chukwu. The Federal Government on Tuesday says...

Commodity Market Update: June 21, 2024

In the latest developments from the global commodity markets,...

Nigeria Partners IFC to Expand Cocoa Operations with $23.3 Million Investment

The International Finance Corporation (IFC) and Johnvents Industries Limited...

Commodity Prices Show Mixed Performance as of June 14, 2024

On Friday, June 14, 2024, global commodity markets exhibited...

Oil + Renewable

Data Shows N1,117/Litre Landing Costs Push Nigeria’s Secret Subsidy Bill Higher

Rising landing costs for petrol are set to significantly increase the Nigerian National Petroleum Company’s (NNPC) concealed subsidy bill, exacerbating the precarious economic situation of...

Dangote Industries Commends NUPRC for Interventions in Crude Supply Issues

Lagos, July 17, 2024 (NAN) - Dangote Industries Ltd....

Nigeria targets 2.1 Million Barrels Per Day by December 2024

The federal government has set an ambitious goal to...

Oil Production: NASS pledges support to NNPC Ltd.

By Vivian Emoni Abuja, July 17, 2024 (NAN) The...

FG to Support Chevron’s Gas Supply Initiatives – Ekpo

By Vivian Emoni Abuja, July 17, 2024 (NAN) – The...

Companies + Finance
Companies & Markets

United Capital Plc Proposes 90 Kobo Interim Dividend and Bonus Share Issue

United Capital Plc Proposes Interim Dividend and Bonus Share United Capital Plc has proposed an interim dividend of 90 kobo per 50 kobo ordinary share...

H1: FMDQ Reports N28.43 Trillion Secondary Market Turnover

FMDQ Securities Exchange Reports June 2024 Financial Markets Activity In...

FCMB, TCF restore sight to 400,000 Nigerians in 15 years

July 17, 2024. Azonuchechi Chukwu. First City Monument Bank (FCMB) and...

TotalEnergies Sells 10% Interest in SPDC JV to Chappal Energies, Retains Interest in Nigeria’s LNG Gas Supply

TotalEnergies announced that its subsidiary, TotalEnergies EP Nigeria, has...

BII Grants $50M to Access Bank in $295M Loan to Support Nigerian SMEs

BII Commits $50 Million to Access Bank as Part...

Access Bank raises N442.5bn capital through FMO syndicate Tier II facility

July 26, 2024. Azonuchechi Chukwu. Access Bank Plc has signed a...

Adaora Umeoji highlights Zenith Bank’s strong financial performance

July 16, 2024. Azonuchechi Chukwu. Zenith Bank Plc last week in...

Jaiz bank Targets Nigeria becoming centre of Islamic banking in Africa

Jaiz Bank Board Chairman, Mustapha Bintube (R) presenting award...

GTCO Opens 9bn Shares for Subscription at N44.50

July 15, 2024. Azonuchechi Chukwu. Guaranty Trust Holdings Company (GTCO) Plc...

Access Bank Targets Top 20 Position in UK, $1bn Profit by 2027

July 13, 2024. Azonuchechi Chukwu. Access Bank, sub-Saharan Africa’s largest bank...

Business News

United Capital Plc Proposes 90 Kobo Interim Dividend and Bonus Share Issue

United Capital Plc Proposes Interim Dividend and Bonus Share United...

CAC asks BDCs with Revoked Licences to Restructure Operations

July 11, 2024. Azonuchechi Chukwu. The Corporate Affairs Commission (CAC) has...

Afreximbank Unveils Programme to Assist African Corporates Benefit from AfCFTA

July 11, 2024. Azonuchechi Chukwu. African Export-Import Bank has unveiled an...

Dangote Cement Okpella commits to development, social support for Host Communities

…signs epochal Development Agreement with Okpella Communities Management of...

Chevron Nigeria Wins Best Exhibitor Award at 2024 NOG Energy week

July 4, 2024. Azonuchechi Chukwu. Chevron Nigeria Limited (“CNL”), operator of...

Executive + Insights

Green+ Environment

Politics + Govt

State of The Nation

Navy arrest eight stowaways, rescues 8 victims of human trafficking

July 17, 2024. Azonuchechi Chukwu. Operatives of the Nigerian Navy said...

Fire Destroys Palm Kernel Factory in Ebonyi

July 15, 2024. Azonuchechi Chukwu. Fire at a Palm Kernel Factory...

Victims of Kubwa building collapse rescued alive – CP

July 13, 2024. Azonuchechi Chukwu. The Commissioner of Police (CP), FCT...

Another Building Collapses in Abuja, Many Feared Trapped

July 13, 2024. Azonuchechi Chukwu. Several people are feared trapped as...

Security +

Religion + Faith