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Cristiano Ronaldo becomes football’s first billionaire after Al-Nassr contract

Lagos deploys drones, digital tools to curb workplace hazards

Customs seizes contraband worth over N1.2 billion in six weeks

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Business News

Business and economic news from Nigeria and around the world.

stock, shares, Equity Market down by 0.6% on Monday, Quoted Companies post N4.2 trillion combined profits since 2015, Stockbrokers in Lagos are shifting focus to commodities as stocks underperform, Stock Market gains N204 billion, as effects of OMO restriction kicks in , Penalties: NSE makes over N143.6 million from banks, real sector in 2019 , These companies could soon be delisted from the Nigerian Stock Exchange , C&I Leasing, Oando, UBA, two others top gainers chart on Wednesday, 2020 Nigerian Equities Outlook: Breaking the Jinx?, LASACO, AIICO lead gainers on Wednesday, as bourse dips 0.91% , MTN, Zenith, GTBank lead actively traded stocks on Thursday , Equities: Bearish trades cost the Stock Market N403.02 billion in one week, Blue chips outperform, as All-Share Index up by 9.2% since OMO ban

Stock Market gains N203 billion, as effects of OMO restriction kick in

by Titobioluwa Okunade

The month of November saw the Nigerian Stock Exchange (NSE) gain N204 billion after a shrink of N642 billion Octobr.

Nigerian oil company, Waltersmith Petroman gets Equatorial Guinea oil block

Waltersmith Petroman Oil Limited, has been awarded an oil block in Equatorial Guinea’s Niger Delta basin known as Block EG-23.

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

2020: CBN eyes $4 billion non-oil revenue

by Chidinma Nwagbara

Policy measures to achieve $4 billion in non-oil exports revenue in 2020 are currently being put in place by the...

Fuel prices: Information Minister defends President Buhari's comparison of Saudi with Nigeria, FG reiterates commitment to implement reform of broadcasting code, Border to remain closed till Benin, Niger meet Nigeria's conditions, FG vows , Lai Mohammed: Nigeria’s non-oil exports increased to N2 trillion, COVID-19: FG to deploy police, army for enforcement

Politics

Border Closure: Presidential task force inspects Nigeria-Niger Border

The Federal Government has inaugurated a team known as the Presidential Committee on Border Closure.

May & Baker Nigeria signs agreement with Sanofi Nigeria

by Chidinma Nwagbara

May & Baker Nigeria Plc has announced the signing of a manufacturing agreement with Sanofi Nigeria Limited.

No foreign exchange for food and fertilizer importers - Buhari, Gas project, Buharinomics, Buhari, metric, FG okays N100 billion for the completion of Kano Free Trade Zone , Nigeria saved N670 billion from Petrol Importation in half year 2019 , The Chicago Boys of Nigeria, Buhari signs Production Sharing Contract (PSC) Amendment Bill into law , Nigeria generates N876.09 billion in 9-month, as revenue shortfall poses threat

Blurb

Nigeria generates N876.09 billion VAT in 9-month, as revenue shortfall poses threat

by Bamidele Samuel Adesoji

The latest report released by the National Bureau of Statistics disclosed that Nigeria generated a total sum of N876.09 billion...

Emirates Airlines, airport reopen, domestic flights, aviation, The nature of Nigeria's ban on Boeing 737 Max 8, FAAN commences renovations of Enugu Airport , Land dispute threatens reopening of Enugu Airport , Here is reason Turkish Airlines was allowed to land in Abuja, Aviation industry's 2019 GDP contribution hits N198 billion but 2020 will be worse

Land dispute threatens reopening of Enugu Airport

The Akanu Ibiam International Airport in Enugu State has had its fair shares of setbacks ever since it was closed down.

Finance Bill to use banks as agents to tax Nigerians

by Abiola Odutola

Businesses in Nigeria are now more than ever exposed to payment of taxes, according to provisions of the Finance Bill currently being debated.

Dangote refinery rules out 2020, as refinery get new operation date , Dangote Refinery to export products to Europe, South America, others , Dangote Refinery takes delivery of crude oil distilling equipment from China

Dangote Refinery takes delivery of crude oil distilling equipment from China

A piece of very vital equipment that will process crude oil for Dangote Petroleum Refinery and Petrochemicals Company has just...

N27.09 billion withdrawn, as 109,284 retirees quit the Contributory Pension Scheme

by Titobioluwa Okunade