With just over a month to the end of his tenure, President Muhammadu Buhari’s plan to restructure the debt owed to the central bank has not got off the ground. Lawmakers have yet to give it the green light. Four months ago, Buhari sent a letter to the National Assembly seeking approval to convert N22.7 […]

read more Buhari’s N22.7trn debt conversion plan stuck in limbo

MTN Nigeria Communications Plc has overtaken Airtel Africa Plc as the most valuable company on the stock market as the latter emerged as the biggest loser at the end of trading on Tuesday. The stock market rout in Nigeria deepened on the first trading day of the week after a two-day holiday for Easter, as […]

read more MTN Nigeria dethrones Airtel as most valuable company

The total foreign investment that flowed into Nigeria in 2019 is more than four times what the country attracted last year, as the country’s failure to solve many of its economic problems including dollar shortage has scared away more investors. The value of capital imported into Africa’s biggest economy plunged to a six-year low of […]

read more From $24bn to $5bn, Nigeria faces investment drought

After a rally that added N6.52 trillion to their total market value in four months, Nigerian stocks finished March in the red amid concerns over the fallout of the general election and the possible ripple effect of the turmoil in the global banking system. The stock market had been on an upward trajectory since October, […]

read more Nigerian stocks break four-month rally after elections

Nigeria, Africa’s top oil producer, dropped further to the third-biggest recipient of payments from Shell last year, lagging far behind its peers such as Norway that cashed in on higher oil prices. Although the amount paid to Nigeria last year was higher compared to 2021, the increase pales in comparison with those of Norway, Malaysia, […]

read more Nigeria lags as peers enjoy Shell’s bumper payouts