World Business Today

1.Oil is diving again: UK Brent is down 1.4% at $33.08 (£22.76) at 6.50 a.m. GMT (1.50 a.m. ET), while US crude is down 2.28%...

China Just Did Something Emefiele Should Be ‘Proud Of’

The Chinese Forex Regulator (SAFE), according to the tweet below has told banks to limit their purchases of US Dollars on behalf of foreign...

32 Ships With Food, Petroleum Products Expected In Lagos

Thirty two ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island Ports in Lagos from...
Abdulsamad Rabiu_chairman BUA

Deal: BUA Group Sells Its Flour Mills Business To Olam For $275 million

  Press Release: BUA Group, one of Nigeria’s largest foods and infrastructure conglomerates has announced the divestment of its flour business to Olam International in...

Barrels Of Crude Oil Produced In Nigeria 2015

Month Barrels (m) 15-Jan 68.07 15-Feb 61.86 15-Mar 64.16 15-Apr 60.84 15-May 63.49 15-Jun 59.09 15-Jul 67.50 15-Aug 63.34 15-Sep 65.98 15-Oct 68.37 Total 642.70

Why This Chart Is A Bad Sign For Nigeria

The National Assembly is currently debating the $38 benchmark price for crude put in place by the Federal Government for the 2016 Budget. Just...

Treasury Bills Rate In Ghana Vs Nigeria

For those discouraged by the low treasury bills rate currently obtainable in Nigeria, Ghana might just be the next destination. Treasury bills in Ghana...

Saudi Arabia Just Made A Huge Announcement

Saudi Arabia just made a big announcement that has caught the world oil market by surprise. First here is the press release; Scroll down...
dirty Naira notes

Naira Bounces Back Against The Dollar

The Naira this week hedged up slightly against the dollar at the parallel market amid calls for the apex bank to relax its strict foreign...

First Week In January, Nigerian Stocks Lose N584 Billion

The Nigerian Stock Exchange All Share Index fell 0.98% on Friday's trading to close the week at 27,028.39. A total of 7 stocks appreciated in value,...

[Corporate Action] John Holt Declares N254 million Loss In 2015 FY

John Holt Plc released its financial results for the year ended 30 september 2015. The results showed that revenues fell by 13.85% from N2.8 billion...

World Business Today

1.Rupee Set for Biggest Weekly Decline Since November on Outflows: India’s rupee headed for its biggest weekly decline in almost two months as global funds...

Why The National Assembly May Reduce $38 Oil Benchmark

The reality of the continuous drop in oil price has finally gotten to the National Assembly, as the Chairman, Senate Committee on Media and...

The Economics Of Fuel Pricing In Nigeria Explained

“Giving subsidies is a two-edged sword. Once you give it, it’s very hard to take away subsidies. There’s a political cost to taking away...

China Meltdown: This Is What Could Happen To African Currencies Next Week

The market rout in China is now posing a larger than expected threat to the world economy. The country faces an economic crisis as...

Here Is What The Owners Of Multichoice Had to Say About Netflix

The impact of Netflix expansion across the continent is expected to be huge at least from the point of view of analysts and observers....

Nigerian Stocks Rebound, ASI Index Gains 0.31%

The Nigerian Stock Exchange ended Thursday's trading on a positive note as the All Share Index (ASI) gained 0.31% to close at 27,266.18. This is...

IRoko TV CEO Tells Doubters “No Shaking…Neflix Has Zero Impact On iRoko”

Netflix announced on Wednesday that it has now expanded into 130 countries around the world including Africa. The ground breaking news was well received...

Nigeria Raises N136 billion In Treasury Bills

Nigeria sold N136.24 billion ($684.67 million) in Treasury bills with maturities from three months to one year at its first auction of the year...

Oil Price Falls To $32

The prediction of a $20 oil price looks to be getting closer, as oil prices hit 14 year low on Thursday, after hitting an...

Vitafoam Recommends Dividend of N245,700,000 For Shareholders

Vitafoam Nigeria Plc, has recommended a dividend of N245,700,000, representing 25 kobo per share for the year ended 30th september 2015. The dividend is subject...

NERC Says No Going Back on Feb 1 Date for New Electricity Tariffs

The Nigerian Electricity Regulatory Commission (NERC), approved the revised Multi Year Tariff Order (MYTO) for electricity distribution companies (Discos) last month, and they reassured Nigerians...

World Business Today

1.Oil Drops Further: Oil Falls to Lowest Since 2003. Brent is down 4.09% at $32.92 (£22.51),while US crude oil is down 3.66% at $32.73 (£22.38). 2.The...

Why MTN Acquired Visafone

Africa's largest telecom provider, MTN Group has acquired Visafone, the leading CDMA operator in Nigeria after months of negotiations. MTN received the final approval of the federal government,...
CBN Gov Godiwn Emefiele

[BOOM] IMF Says Nigeria Should Increase VAT

The IMF Managing Director, Christine Lagarde has asked that the National Assembly to consider increasing the Value Added Tax from 5% according to reports from...

Netflix Enters Nigeria, See The Winners and Losers

The World's leading internet television company, Netflix has announced that it is expanding to about 130 companies around the world including Nigeria. According to...
Letshego Finally Acquires FBN Microfinance Bank

[DEAL] Letshego Finally Acquires FBN Microfinance Bank

Botswana based consumer lending company, Letshego Holdings Limited, have announced the successful acquisition of a 100 percent stake in FBN Microfinance Bank (FBN MfB)...

Nigerian Stocks Keep Crashing, ASI Index Down 3.28% On Wednesday

The Nigerian Stock Exchange continued its losing streak this year, as the All Share Index dipped by 3.28% to close at 27,180.76. Snapshot of the...
CBN Gov Godiwn Emefiele

IMF Does Not Support Buhari’s Forex Restrictions – Lagarde

The MD of International Monetary Fund (IMF), Christine Lagarde, has told Nigerian lawmakers on Wednesday that the Fund does not support foreign exchange restrictions and...

I collected N53m From Anenih – Yakasai

Following the letter written to the EFCC by the former Chairman of PDP Board Of Trustees, Tony Anenih, explaining how he got and shared...

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Police shuts Opay office in Kano

Emerging reports have it that the Nigerian Police Force (NPF) has shut down the office of online payment portal, OPay.
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Femi Otedola is having a Gelato experience with his billionaire friends

So, Femi Otedola took a break and hung out somewhere nice with some of his billionaire friends. They even ate some ice cream. Guess the name of the ice cream? It's #Gelato
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Outrage as Nigerians react to new CBN deposit and withdrawal charges

More reactions have continued to trail the Central Bank of Nigeria’s partial implementation of deposit and withdrawal charges for individuals and companies in Nigeria. #CashlessPolicy