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The latest business news in Nigeria, Africa and the world.

CBN governor naira notes
CBN Issues Lending Limits Directive To Financial Institutions
The Central Bank of Nigeria (CBN) on Friday issued a lending limit directive to financial institutions in Nigeria, in order to reduce their exposure to risk as regards lending to the public.
CBN governor naira notes
CBN Injects $297.92 Into Secondary Market
297.92 million dollars has been injected into the retail Secondary Market Intervention Sales (SMIS) by the Central Bank of Nigeria (CBN), Concise News reports.
55% of Nigerians Have No Electricity – Clean Tech
TCN Recommends Liquidation Of Power Distribution Company
The Transmission Company of Nigeria (TCN) has recommended liquidation of one of the 11 power distribution companies (DisCos) to the Federal Government.
FG To Recover N614bn Budget Support From 35 States
FG To Recover N614bn Budget Support From 35 States
The Federal government of Nigeria has commenced talks to finalise the modalities for restitution of N614 billion budget support facilities loaned to 35 states by the Central Bank of Nigeria (CBN), Concise News reports.
FAAC: FG, States, LGAs Share N769.523b For July
A total sum of N769.523 billion has been shared to the three tiers of government for the month of July 2019 by The Federation Accounts Allocation Committee (FAAC).
NEITI
NNPC Fails To Remit N77.92b In 2017- NEITI
The Nigerian Extractive Industries Transparency Initiative (NEITI) has disclosed that the Nigerian National Petroleum Corporation (NNPC) under-remitted N77.92billion to the federation account in 2017.
Nigeria, Siemens Enter Deal To Improve Electricity
FG Approves N600bn For Electricity Market
The Federal Government has approved the sum of N600 billion for the country’s electricity market, Concise News reports.
Lagos Leads In States’ Debt Profile, Says DMO
Latest data released by the Debt Management Office (DMO) on Monday has revealed that the South-West of the nation owes a debt of N1.04tn, which appears to be more than other regions.
Nigeria Stock Exchange: Market Indicators Drop Further
Average Price For LPG Up By 1.47% In July – NBS
The National Bureau of Statistics (NBS) has disclosed that the average price for the refilling of a five kilogramme (kg) cylinder Cooking Gas increased to N2,024.80 in July from N1,995.38 in June.
Nigeria Stock Exchange: Market Indicators Drop Further
NSE: Stock Investors Gain N93bn On Monday
The Nigerian Stock Exchange (NSE) rebounded slightly on Monday following two weeks of a bearish trend, Concise News reports.
Naira Closes At N359.3 To Dollar At Parallel Market
Naira Exchange To Dollar At Parallel Market
The Naira on Monday traded at N358.6 to the Dollar at the parallel market in Lagos.
Nigeria Loses N2 Billion Daily To Petrol Smuggling
NNPC Gets NHIS Accreditation To Provide Medical Services
The Nigerian National Petroleum Corporation (NNPC) has formally been accredited by the National Health Insurance Scheme to provide healthcare services to Nigerians.
Non-Oil Imports Higher Than Export By 463% In Q1 2019
Non-Oil Imports Higher Than Export By 463% In Q1 2019
Despite Federal Government efforts to promote local production and boost exports, the non-oil import remains high as local companies continue to import more than they are exporting.
Conoil Plc’s Shareholders Approve N1.4 Billion Dividends
The shareholders of Conoil Plc, have unanimously approved the payment of N1.4 billion as cash dividend for the financial year-end Monday, December 31, 2018.
Nigeria Loses N2 Billion Daily To Petrol Smuggling
NNPC Releases List Of Companies To Lift Nigeria’s Oil For 2019/2020
The Nigerian National Petroleum Corporation (NNPC) has released the list of 15 winners of the crude oil lifting contracts 2019/2020 under the Direct Sale of Crude Oil and Direct Purchase of Petroleum Products (DSDP) arrangement.
Nigeria Stock Exchange: Market Indicators Drop Further
Nigeria Stock Exchange: Market Indicators Drop Further
Crucial market indicators tied to the Nigerian Stock Exchange (NSE) dropped by 0.47 per cent on Friday, Concise News reports. The All-Share Index lost 127.64...
RMAFC Sets Up Committee On New Revenue Formula
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) on Thursday inaugurated 18 standing committees including one that would give the nation a new revenue sharing formula.
Manufacturers React To Forex Restriction On Food Import
CBN Provides Update On Microfinance Banks
The Central Bank of Nigeria (CBN) has released guidelines for the disbursement of lower denominations of Naira through microfinance banks (MFBs) in the country.
Nigeria Loses N2 Billion Daily To Petrol Smuggling
NNPC To Partner Oil Spill Detection Agency
As part of efforts to tackle the rate of oil spill across the country, the Nigerian National Petroleum Corporation (NNPC) is planning to partner with the National Oil Spill Detection and Response Agency (NOSDRA).
NSE Market Capitalisation Depreciates By 0.003%
NSE: Indices Drop By 0.82% After Eid-el-Kabir Break
Transactions resumed on the Nigerian Stock Exchange (NSE) on Wednesday after the Eid-el-Kabir celebration with a loss of 0.82 per cent due to profit-taking in blue chips.
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