Business News

Customs directs all firms on Fast Track Scheme to shift to AEO Program by December 31, 2025

August 1, 2025

Home Category Business News

Business News

Business and economic news from Nigeria and around the world.

Sulaimon Adedokun resumes as TRANEX Board Chairman Dangote Cement, Zenith Bank, shares, stocks, ARM's Shares of fortune, Understanding securities lending, nigerian stock exchange, coronavirus, NSE, Bears return ASI down 0.13% as trading volumes plunge, What’s going to happen to Nigeria’s stock market in May?, What’s going to happen to Nigeria’s stock market in May?, Nigerian bourse gains N37. 26 billion, triggered by BUACEMENT, ZENITH

What’s going to happen to Nigeria’s stock market in May?

by Olumide Adesina

May 6, 2020

It is no secret that April was particularly good for equity markets all around the world. The three major American...

Nigeria will enjoy foreign investments before December, IMF predicts, IMF, World Bank to hold meetings via conference call over Coronavirus epidemic,Covid-19: IMF pledges to assist low-income member countries, Nigeria gets $3.4 billion disbursement from IMF, interest rate 1%

Nigeria gets $3.4 billion disbursement from IMF, interest rate 1%

May 6, 2020

Barely a week after its board’s approval, the International Monetary Fund (IMF), has disbursed the sum of $3.4 billion to...

Crude oil prices, bonny light, 4 key reasons why Brent crude might slip back to $35 per barrel, Crude oil prices resume weekly gains as demand picks up

Nigeria’s Bonny light crude up by 22.7% as global oil demand improves

May 6, 2020

The recovery of crude oil prices from last month’s unprecedented crash seems to be moving swiftly, as more countries ease...

Where to invest in May

by Ruth Okwumbu-Imafidon

Post-COVID-19 lockdown, Nigerians need to send their money on the right errands in May 2019, if they will not be...

Budget

FG to further revise 2020 budget oil benchmark to $20 per barrel

The Federal Government has said that it is planning to revise the 2020 budget oil benchmark to $20 per barrel.

Value of shares traded by top 10 stockbrokers up 133% despite COVID-19, investors, Raging Bulls lift Brent Crude price by 10%

Dangote, Nestle, MTN, Zenith, Access Bank, party with N375 billion on NSE

by Olumide Adesina

Investors gained N374.94 billion, as market capitalization rose to N12.408 trillion at close of trading.

NDDC, Cash transfer, President Buhari, non-oil Exports, oil revenue, export revenue, FG Waives import duties for medical supplies, Orders Customs to expedite clearing, Presidency faults report on Kyari as Buhari didn’t cancel memos, appointments approved by him

FG waives import duties for medical supplies, orders Customs to expedite clearing

by Ruth Okwumbu-Imafidon

The waiver is expected to strengthen the health system in the country, and support the efforts of the Nigerian Centre...

Quick Take: Focus on UACN’s weak operating performance in Q1

by CSL Stockbrokers

We have a target price of N17.0/s on UACN with a BUY recommendation.

U.S dollar ignores red flags, surge against major currencies

by Olumide Adesina

The American dollar continued its bullish run for 48 hours, even as currency traders raised concerns over rising tensions between...

Crude oil in Nigeria, Oil producing states in Nigeria, Department of Petroleum Resources, DPR yet to recognise Anambra Enugu and Kogis States as oil producers, West Africa’s crude inventory is building up as demand slows due to Coronavirus, Oil at $26, as Saudi Arabia in no retreat no surrender oil battle with Russia, Crude oil prices fall to $30 as COVID-19 erases gains from oil production cuts, Crude oil prices surge higher as Brent crude hits almost $30 per barrel , Brent crude plunges 5%, world’s second largest economy skips economic growth target

Crude oil prices surge higher, Brent crude nears $30 per barrel