Sustainable Capital Limited has exited Seplat Energy Plc after selling its remaining 36.7 million shares, bringing its voting rights in...
The Federal Government is preparing for the reconstruction of the Benin Bypass in Edo State following a directive from President...
Nigerian fintech company Moniepoint is winding down its UK-based remittance service, MonieWorld, less than 18 months after entering the international...
Nigeria-headquartered venture capital firm Ventures Platform has raised an oversubscribed $84 million second fund to invest in early-stage technology companies...
Dangote Petroleum Refinery is sourcing between 30% and 40% of its crude oil from overseas despite Nigeria producing about 1.6...
MTN Group is considering banking licences in selected African markets as the telecommunications giant moves deeper into lending and seeks...
Zenith Bank Plc has outlined strategies to accelerate Nigeria’s non-oil export growth with increased local processing, stronger trade financing and...
The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, traded at N1,400 on...
Fidelity Bank Plc came under renewed selling pressure on Monday after its share price declined 6 percent, making it one...
Nigeria, Japan Sign $18.2m Grant on Disease Control The Federal Government and Japanese government have signed a grant agreement of $18.2 million to strengthen the capacity...
Stock Investors Gain N232bn on Tuesday Nigerian equity traders on Tuesday gained N234 billion following seven consecutive days of decline. The bourse rebounded as banks declared...
Manufacturing Output Expands by N4.33trn to N16.7trn in 2019 The Nigerian manufacturing output grew by N4.33 trillion in value to N16.78 trillion in 2019, the National...
42 SMEs Shut Down Operations in Lagos Challenging business environment has forced not less than 42 Small and Medium Enterprises (SMEs) to shut down operations in...
Coronavirus: Sales of Chinese Passenger Car Plunges 80% in February The world’s largest auto market, China, just experienced 80 percent dropped in passenger car retail sales...
US Fed Cuts Interest Rate by 50 Basis Points The Federal Reserve on Tuesday reduced Interest rate by 50 basis points amid falling stocks as Coronavirus...
Coronavirus: IMF/World Bank Plans to Hold Digital Meeting in Spring The International Monetary Policy (IMF) and the World Bank have announced that the 2020 spring meeting...
NABF to Attract $4bn Investment into Nigeria in Two Years The Nigerian American Business Forum (NABF) based in the United States of America has promised to...
South Africa Slips Into Economic Recession South Africa, Africa’s second-largest economy, plunged into recession in the final quarter of 2019, according to a new report from...
Tony Elumelu Pockets N2.3bn in 2019FY Tony Elumelu, the Chairman, United Bank for Africa Plc, pocketed a total sum of N2.3 billion for the financial year...
