The Lagos State government has announced that it will by June name new investors for the Fourth Mainland Bridge in the state. The development is coming...
THE International Monetary Fund (IMF) has described Nigeria’s debt to revenue ratio, which it put at 63 per cent, as being “extremely high” and advised that...
Nigerian equities closed on the negative on Wednesday as losses by large-cap stocks overshadowed the overall market situation. Despite preponderance of advancers to decliners, benchmark indices...
Guaranty Trust Bank (GTB) Plc, Nigeria’s most capitalised financial institution, recorded a profit before tax of N52.62 billion in the first quarter of this year, beating...
The proposed sale of telecommunication firm, 9mobile, formerly Eitsalat, has suffered a setback as the Abuja Division of the Federal High Court has restrained moves to...
The World Bank’s 2018 Global Economic Prospect report launched on Tuesday, has shown that the Nigerian economy in 2018 and 2019 will grow lower than the...
Nigerian equities broke into a new rally on Tuesday as bargain-hunters upped demand for quoted shares. With nearly two advancers for every decliner, the overall market...
Lagos State based lawyer and human rights activist, Femi Falana (SAN), has demanded that the Federal Government explain how fuel subsidy payment that used to be...
Globacom Limited has been sued by the Economic and Financial Crimes Commission over allegation of fraud involving about $6.7 million. The anti-graft agency dragged the telecommunications...
Nigerian equities broke a running downtrend with a modest gain in the immediate past week as global equities markets sustained their rally on the back of...
The Minister of Finance, Kemi Adeosun, has waded into the latest controversy surrounding the trading of Oando shares involving the Securities and Exchange Commission (SEC) and...
Investors on Thursday at the Nigerian Stock Exchange (NSE) traded on a ding-dong of one up one down as investors continued to realign their portfolios ahead...
The National Bureau of Statistics (NBS) report released Thursday announced that Consumer Price Index (CPI), which measures inflation, rose by 13.34 per cent (year-on-year) in March...
Nigerian capital market authorities presented contradictory clarifications on the regulatory impasse that saw the lifting of technical suspension on Oando Plc and reversal of the same...
Nigerian equities continued on the upward for the second consecutive trading session on Wednesday as investors sustained bargain-hunting for mid and large-cap stocks. With more advancers...
The Presidency has announced that President Muhammadu Buhari has approved the extension of the Voluntary Assets and Income Declaration Scheme (VAIDS) to June 30, 2018. The...
Barely three hours after lifting technical suspension on the shares of Oando, authorities at the Nigerian Stock Exchange (NSE) have reinstated the technical suspension, throwing the...
The Nigerian Stock Exchange (NSE) has just lifted technical suspension on the shares of Oando Plc. The technical suspension took effect on Wednesday April 11, 2018....
Nigerian equities rode on the back of bargain-hunting for highly capitalised companies to stage a modest recovery, halting a downtrend that had seen the market losing...
A report by Dutch Shell Plc, the parent company of Shell Company in Nigeria, has shown a heightened case of oil theft under the administration of...
The executive vice chairman of the Nigeria Communication Commission (NCC), Professor Umar Danbatta, on Monday said that left to him that the sanction which the body...
The Nigerian Stock Exchange (NSE) has suspended trading on the shares of Afromedia Plc after the media company failed to comply with global best practices and...
After losing N240 billion last week, Nigerian equities reopened on Monday with a hangover of the downtrend with nearly two decliners for every advancer. Benchmark indices...
The Nigerian National Petroleum Corporation (NNPC) has said it is working to expand its network of retail stations nationwide. Group Managing Director of the corporation, Dr....
Nigerian equities started the second quarter on a negative note as sustained price depreciation placed the Nigerian market in the top bracket of backsliding emerging markets....
Central Bank of Nigeria (CBN) governor, Mr. Godwin Emefiele, has said that the apex bank in collaboration with Deposit Money Banks (DMBs) would in the comings...
The Federal Government on Thursday launched the Nigeria Economic Diplomacy Initiative (NEDI), which it said would help the country achieve a vibrant and competitive national economy....
Nigerian equities rode on the back of increased bargain-hunting to halt a running downtrend, recouping net capital gain of N46 billion in their first positive trading...
President Muhammadu Buhari on Thursday in Abuja gave reasons why he was not inclined towards signing the Economic Partnership Agreement (EPA) among ECOWAS countries. According to...
Nigerian equities remained on the downtrend for the second consecutive trading sessions in the second quarter, raising concerns on the extension of the losing streak that...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria which met on Wednesday after a long stretch has retained the Monetary Policy Rate at...
Several bank accounts linked to the bribery trial of Eni and Shell executives in Milan, Italy, in the infamous Malabu oil scam, have been blocked by...
The Central Bank of Nigeria (CBN) has again cautioned Nigerians to be wary of investments in cryptocurrency, stressing that virtual currencies are not legal tender in...
Heritage Bank Limited, has partnered with the West Africa Trade and Investment Forum: Conference and Exhibition on sub-regional integration of economies of West African countries in...
Feeling embarrassed by incessant summons by the National Assembly, telecommunications companies, under the aegis of Association of Licensed Telecommunications Operators of Nigeria (ALTON) have dragged the...
Investors in Nigerian equities lost total net value of about N557 billion in March as the peak of the earnings season failed to sustain the bullish...
By Osamede Arhunmwunde… I won’t blame you if you think Bitcoin is just a scam. Why would you trust a digital currency like Bitcoin? Many people...
Nigerian equities lost N159 billion on Wednesday, paring the average year-to-date return for Nigerian equities to 6.69 per cent. Investors upped supply amidst continuing profit-taking transactions...
The National Assembly on Wednesday finally passed the Petroleum Industry Governance Bill (PIGB) after years of failed attempts. The bill was passed by the Senate after...
President of the Senate, Bukola Saraki, on Wednesday stated that the 2018 budget must run for 12 months, in-line with the 2017 Appropriation Act passed by...
The Federation Accounts Allocation Committee (FAAC) on Wednesday overcame the Tuesday crisis that did not allow it share the statutory allocation to the federal, state and...
Former President Olusegun Obasanjo has frowned at President Muhammadu Buhari refusal to sign the Africa Continental Free Trade Area (AfCFTA) agreement. Obasanjo described Buhari’s action as...
The downtrend at the Nigerian equities market continued on Tuesday with more investors opting to trade their shares at lower prices. Benchmark indices at the Nigerian...
The monthly Federal Account Allocation Committee (FAAC) meeting which held on Tuesday was inconclusive. States aborted the meeting over discrepancies of about N37.76 billion in revenue...
There were exactly two advancers for every decliner as the Nigerian equities market reopened on Monday but losses by large-cap stocks in the financial services and...
The Federal Government has restated its commitment to a plan that will see airport security personnel begin to bear arms. The Minister of State for Aviation,...
Minister of Finance, Kemi Adeosun, has downplayed the request she sent to Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), over disparities...
Once accused of defrauding 2.4m Nigerians, the death of founder of popular Ponzi scheme MMM, Sergey Mavrodi, has been announced to the dismay of many who...
Average return by Nigerian equities nosed down to its recent low as major corporate earnings reports failed to stimulate valuations at the Nigerian stock market. Nigerian...
The board of directors of United Bank for Africa (UBA) Plc has recommended distribution of N29.1 billion to shareholders as cash dividend for the 2017 business...