The total assets of the Asset Management Company of Nigeria (AMCON) currently stand at N136.73 billion, its Managing Director/Chief Executive Officer, Ahmed Kuru, said on Sunday....
The equity section of the Nigerian Stock Exchange (NSE) posted gains on Monday, Tuesday, Wednesday and Friday but recorded a loss on Thursday day, resulting in...
The naira depreciated by 1.3% against the United States dollar on the official market on Friday, one day after the Central Bank of Nigeria (CBN) announced...
The Pension Transitional Arrangement Directorate (PTAD) said it would expunge 21,227 unverified parastatal pensioners currently on the directorate’s payroll and who had not shown up for...
The equity segment of the Nigerian Stock Exchange rallied on Wednesday as buy pressure on blue-chip stocks led by CAP, GTB and Access Bank drove recovery....
The total value of inflow of foreign capital into the Nigerian economy in the second quarter of this year crumbled by 77.88% relative to the first...
The Central Bank of Nigeria (CBN) has barred parent companies or any other associated entities of Payment Service Banks (PSBs) from providing preferential treatment, which nullifies...
The Central Bank of Nigeria (CBN) is trying to compel non-oil exporters to process dollar proceeds through local lenders to improve dollar liquidity and shore up...
The seven-day bull run on the equity segment of the Nigerian Stock Exchange (NSE) ended on Thursday after investors took profit in some blue-chip industrial and...
Oil prices climbed towards $46 a barrel on Wednesday, approaching the highest level since March, lifted by U.S. producers shutting most of their offshore Gulf of...
The Central Bank of Nigeria (CBN), together with the Bankers’ Committee, said it would impose sanctions on exporters who refused to repatriate forex proceeds from their...
The Nigerian stock market added N32.66 billion on Tuesday, with NEM, Wapic and Japaul leading gainers. The Insurance Index topped the sectorial indices, adding 1.62% to...
Oil prices were mixed on Tuesday as traders weighed enormous output cuts in the U.S. Gulf Coast from Tropical Storms Marco and Laura against surging coronavirus...
Nigeria’s Federation Account is overstressed, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) said on Monday. The RMAFC’s revelation derived from heavy pressure on the Federation...
The bull run on the Nigerian Stock Exchange (NSE) continued on Monday with a marginal gain of N3.779 billion, supported by investors’ renewed interest in consumer...
Oil prices climbed on Monday as storms bore down on the Gulf of Mexico, shutting over half of its oil production, and on indications of progress...
Nigeria has nearly doubled its voting rights in the African Development Bank (AfDB) to 16.8% before the lender’s yearly meetings this week, as one of its...
The Asset Management Company of Nigeria (AMCON) said on Sunday it had taken over assets belonging to the chief promoter of Jabfal Enterprises Limited, Joshua Abiodun...
The Nigerian bourse recorded a loss last Monday but posted gains Tuesday through Friday with the corporate actions of the week and some technical factors informing...
Nigeria’s Gross Domestic Products (GDP) for the second quarter 2020 shrank by 6.10 percent, the National Bureau of Statistics (NBS) said on Monday. The GDP which measures...
The Nigerian National Petroleum Corporation (NNPC) on Sunday announced a total crude oil and gas export earnings of $378.42 million for June. The corporation recorded total...
The Debt Management Office (DMO) Saturday rebutted accusations of corruption against it, saying the agency is ‘accountable, transparent and responsible’ in its operations. The debt office...
2.3 million Micro, Small and Medium Enterprises have accessed interest-free loan facilities under the Government Enterprise and Empowerment Programme (GEEP) in the four years of its...
The equity section of the Nigerian Stock Exchange (NSE) recorded a loss on Monday but posted gains Tuesday through Friday, resulting in a weekly appreciation of...
The equity segment of the Nigerian Stock Exchange (NSE) rose further on Friday, buoyed by buy pressure on consumer goods stocks led by Nigerian Breweries, International...
Oil prices slipped further on Friday but came close to a five-month high as a relaxation of coronavirus lockdowns support a slow fuel demand recovery, while...
Nigeria provides between 60 to 70 per cent of products under the Economic Community of West African States (ECOWAS) Trade Liberalisation Scheme, the Nigerian government has...
Nigeria’s total pension assets climbed to N11.08 trillion in June, 2.6% higher than the N10.8 trillion recorded the month before despite the impact of the coronavirus...
The Nigerian government has opened its doors to investment in mining and manufacturing activities involving the local production of bitumen and other materials that are currently...
The costs of various food items escalated in July, the National Bureau of Statistics (NBS) said in its Selected Food Price Watch July 2020 report on...
The Nigerian government’s bonds for August, which were valued at N150 billion and auctioned on Wednesday, were oversubscribed by N92.23 billion, the Debt Management Office (DMO)...
The Asset Management Company of Nigeria (AMCON) has taken over assets belonging to a Lagos-based technology deployment solutions provider, Northrich Technologies Limited, over the latter’s failure...
The Nigerian Stock Exchange (NSE) extended its gain on Wednesday as it added N18.198 billion, thanks to appreciation recorded mainly in bank stocks such as GTB,...
Importers in Nigeria are lamenting the huge surcharge levied on them by international shipping firms for cargoes imported from around the world. According to them, the...
President Muhammadu Buhari and Saudi Arabia’s King Salman bin Abdulaziz discussed measures taken to stabilise and restore the balance of global oil markets in a telephone...
Naira fell by 1.04% on Tuesday to a new low of N480 against the United States dollar on the black market following government’s declaration of its...
Nigeria’s pension assets under the contributory pension scheme are projected to expand by 8.5 per cent this year regardless of the economic impact of the coronavirus...
The Nigerian government posted a fiscal deficit of N488.24 billion in April, 169% higher than the benchmark, the Central Bank of Nigeria (CBN) said Tuesday. “The...
3,800 power and distribution transformers will be installed across Nigeria in accordance with a deal between the Nigerian government, the German government and Siemens AG. This...
The Nigerian Stock Exchange (NSE) rebounded on Tuesday with modest gain as the All Share Index inched up by 0.02% or 3.82 basis points to 25,136.49...
Oil prices dipped on Tuesday even though they mostly held onto overnight gains after OPEC+ said the producer grouping is almost fully complying with production cuts...
Naira appreciated against the United States dollar at the over-the-counter spot market, popularly called the Investors and Exporters (I&E) window on Monday, closing at N385.78. It...
Nigeria’s perennial foreign exchange shortage is squeezing life out of Africa’s largest economy, Bloomberg reported on Monday. Banks won’t honour card payments, foreign investors can’t get...
Nigeria’s request for a $1.5 billion budget support facility from the World Bank is unlikely to be granted approval in August as anticipated due to concerns...
Flour and pasta maker, Flour Mills of Nigeria Plc said it would undertake a bond issuance in the next two months as part of a N70...
The Nigerian government posted a 38 per cent deficit, translating to N1 trillion, in its projected revenue for the first five months of 2020, the budget...
Trading on the Nigerian Stock Exchange (NSE) ended in the negative territory on Monday on the back of profit-taking actions in blue chip stocks, leading to...
The Central Bank of Nigeria (CBN) has got government’s nod to establish a N15 trillion ($39.4 billion) infrastructure development firm with the sovereign wealth fund to...
Nigeria’s inflation rate rose to its 27-month high and for the 11th consecutive month in July, the statistics office said on Monday as the coronavirus pandemic disrupted...
A Lagos Federal High Court has issued an order of Mareva injunction, restraining Shoprite Checkers (Pty) Limited from divesting or transferring its assets out of jurisdiction...
