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...
After six consecutive negative trading sessions, Nigerian equities staged a recovery on Thursday as investors stepped up bargain-hunting for mid and large-cap equities. Benchmark indices at...
Nigeria’s 4th largest telecom services provider, 9mobile, received a boost after new owners, Teleology Holdings paid the non-refundable $50million completion deposit, Wednesday afternoon, to the Trustee...
Famous American billionaire businessman and philanthropist, Bill Gates has said the present economic plan of the Muhammadu Buhari administration cannot address the unique needs of Nigerians....
The Senate on Thursday, rejected the nomination of Dr. Asheikh A. Maidugu as a member of the Monetary Policy Committee (MPC) of the Central Bank of...
The Manufacturers Association of Nigeria (MAN) has expressed concerns over the impact of the African continental free trade area (AfCFTA), describing it as a delicate approach...
Access Bank recorded mixed performance in 2017 as a 29 per cent growth in the top-line compressed into 11 per cent decline in the bottom-line. The...
Nigerian equities continued on the downtrend on Wednesday as investors showed preference for profit-taking than dividend yields. Equities dropped by 0.46 per cent on Wednesday, equivalent...
Leaders from 44 African countries on Wednesday sealed a historic agreement to create a $2.5 trillion continental free trade zone, with Nigeria and South Africa, the...
A major data breach that has sent its shares plummeting by almost £50bn has forced Facebook investors to sue the social media giant over “significant losses...
As the investing public awaits its results, CWG Plc has alerted that it has recorded significant decline in its performance. The board of directors of the...
Africa’s richest man and Nigerian billionaire, Alhaji Aliko Dangote will receive about N152 billion as dividend from the cement operations of his Dangote Cement Plc in...
The Minister of Transportation, Rotimi Amaechi, has assured Nigerians that based on the pace of work being carried out, the Itakpe-Warri and Lagos-Ibadan rail projects would...
Vice President Yemi Osinbajo has argued that the Nigerian economy was being held back by a unique set of challenges, chief among which was mind-boggling corruption, urging...
Speaker of the House of Representatives, Hon. Yakubu Dogara, has said that the House is committed to ensuring that communities are empowered to have a say...
Construction company, Julius Berger Nigeria Plc showed continuing decline in its 2017 operations as gross profit declined from N54.23 billion to N44.3 billion. Shareholders of the...
Building materials multinational-LafargeHolcim has injected some N96 billion into Lafarge Africa Plc as part of financial restructuring aimed at unburdening the balance sheet of the Nigerian...
The release of major corporate earnings reports failed to stimulate the Nigerian equities market in the immediate past week as investors scrambled to offload Nigerian banking...
The Organised Private Sector (OPS) has kicked against the downward review of the new Land-Use-Charge (LUC) announced by the Lagos State government on Thursday. The group...
Economic report by the Central Bank of Nigeria (CBN) on the fourth quarter of 2017 has revealed that Nigeria’s economy attracted a total foreign exchange inflow...
The Executive Vice Chairman of the Nigerian Communications Commission (NCC), Umar Danbatta, has said the commission would create a legal framework to regulate the provision and...
Following protests that greeted a hike in Land Use Charge (LUC) by the Lagos State government, it has reviewed the policy. The state government under Governor...
Transactions at the Nigerian Stock Exchange (NSE) on Thursday were dominated by profit-taking sentiment as investors appeared to be opting for monetisation of capital gains than...