The Central Bank of Nigeria, CBN, has said that banks would be required to notify it and also offer explanations before sacking staff up to a...
Nigeria has hit a decline of 35 per cent in foreign direct investment (FDI), mostly brought about by the drop in oil prices. This is was...
The Nigerian Stock Exchange (NSE) has reviewed downward the listing and trading fees for securities listed and traded on the debt segment of its market. The...
Zenith Bank Plc has released its much-awaited first-half results with key performance indicators showing considerable declines in earnings, profitability and quality of assets. The 148-page report...
After a breather from running price depreciation on Wednesday, Nigerian equities relapsed on Thursday into the negative as increased sell-offs shaved off N48 billion from market...
There is palpable fear among bank workers in the country as the Central bank of Nigeria (CBN) has directed that they all declare their assets. The...
Panic and buck passing now trail threat of total blackout in Nigeria which may commence next week, following the refusal of government ministries, parastatals and agencies...
The Economic and Financial Crimes Commission (EFCC) has invited five directors and other top management staff of the Federal Airports Authority of Nigeria (FAAN) to its office following an alleged missing N100 million in...
The Governor of Kaduna State, Nasir el-Rufai, Wednesday, came hard on the decision of the Central Bank of Nigeria to increase its Monetary Policy Rate, MPR,...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) and other stakeholders have reached agreement to stop the issuance of dividend warrants as payments for...
After sustained depreciation in recent trading sessions, highly capitalised stocks broke the losing streak at the Nigerian stock market on Wednesday, rallying the market to a...
After the much celebrated declaration of the Nigerian economy as the largest in Africa and 26th in the world, South Africa has pushed the country back,...
The protest embarked upon by Ugborodo villagers in Warri South Local Government Area of Delta State, worsened on Wednesday, as the management of Chevron Nigeria Limited,...
The Shell Petroleum Development Company (SPDC) has once again declared force majeure (FM) on gas supplies to the Nigeria Liquefied Natural Gas (LNG) export facility on...
External auditors are currently examining the books of Skye Bank Plc to determine the state-of-affairs of the commercial bank, after the Central Bank of Nigeria (CBN)...
More facts have emerged on why the CBN directed banks in Nigeria to cancel 25 per cent of the total $1.9bn (N600 bn) non performing loans...
Nigeria Minister of Finance, Kemi Adeosun, has stated that the economic crisis in the country has got to a point she has no option but must...
The Central Bank of Nigeria, CBN, on Tuesday directed authorised dealers to sell foreign exchange cash to BDCs subject to a maximum of $30,000 to a...
AG Leventis (Nigeria) Plc is in discussions with foreign investors to raise new capital that will be invested in the major areas of the conglomerate’s businesses,...
The downtrend at the Nigerian stock market worsened considerably on Tuesday as increased sell orders overwhelmed the low demand at the market, leaving more than five...
President Muhammadu Buhari has decried the culture of waste foisted on the country, due to lack of means of preservation of agricultural products. The president lamented...
Electricity consumers, hoping to have pre-paid meters for their homes and offices may have to wait longer. Reason; meter manufacturers are yet to source $400 million...
There are fears that the price of petroleum products may again shoot up, as marketers have raised an alarm that the present situation as it concerns...
The Nigerian National Petroleum Corporation, NNPC, may have concluded plans to start importing crude oil from Chad and Niger Republic to feed its Kaduna Refinery in...
Nigerian equities recorded net capital loss of N10 billion on Monday as increased bargain-hunting and caution highlighted anxieties over expected worsening inflation rate and weak corporate earnings...
In a bid to overtake Nigeria as the main hub of the aviation industry in West Africa, Ghana has reduced price of Jet A1 by 20...
Sector by sector, the business community has begun collating data on losses over the economic recession, worsened by dollar scarcity in the past one year. Within the period under review, the manufacturing sector has been producing at...
The average intrinsic value of money in Nigeria may further decline to its lowest in recent period as analysts forewarned that inflation rate may rise for the...
The recent directive by the Central Bank of Nigeria (CBN) limiting the number of international money transfer operators (IMTOs) from 15 to five has continued to...
In a desperate move to find solution to its economic recession and improve on its drained foreign reserve, Nigeria has made overtures to Spain to buy...
Foreign airlines in Nigeria have expressed concern over the persistent scarcity of dollars and fall of the naira value, both of which have started having a...
The government-backed N50 billion take-off loans to the private firms that emerged as distribution companies (Discos) and generating companies (Gencos) for the power sector, is on...
From $40 billion in 2014, Nigeria’s foreign reserve has shrunk to $26 billion, shedding more than 35 percent within a year and may be further depleted. The Federal Government has blamed the situation on poor earnings...
The decision of the Central Bank of Nigeria, CBN, to introduce discriminating exchange rate for importers and pilgrims has attracted criticism from importers. It would be...
The Nigerian currency, the naira, collapsed to an all-time low, exchanging for 400 per dollar at the parallel market on Friday. No official reason was adduced...
There are strong indications that the Central Bank of Nigeria (CBN) has concluded plans to hand over the toxic loans of the distress-prone Skye Bank to...
The capital market will witness a massive return of the banks before the end of the third quarter of the year. It is believed to be...
Highly capitalised stocks in the equally influential oil and gas, consumer goods and industrial goods sectors on Thursday rallied the Nigerian stock market away from a...
A higher profit margin has compelled fuel marketers to now divert Jet A1, also known as aviation fuel, to domestic use as kerosene, so says a...
The expectation of the Nigeria Customs Service (NCS) revenue filling any gap caused by drop in price of crude oil may have been dashed, as monthly...
The sell-off at the Nigerian stock market worsened on Wednesday as average day-on-day decline grew from 0.04 per cent on Tuesday to 0.52 per cent on...
In its bid to fight inflation in the country, the Central Bank of Nigeria (CBN) has gone borrowing, targeting the sum of $773.44 million through the...
Apparently jolted by his critics, President Muhammdu Buhari has at last succumbed to the pressure to allow experts lead the way to economic recovery of Nigeria. To this...
Bank customers operating savings accounts can now lodge cheques into their accounts as the Central Bank of Nigeria, CBN, has directed banks in the country to...
Nigerian equities braced against the four-day consecutive depression at the stock market but the gains by many highly capitalised stocks failed to lift the market from...
President Muhammadu Buhari has nominated Sunday Dare, a media expert, as executive commissioner of the Nigerian Communications Commission (NCC). Already, President Buhari has requested the Senate...
Governor Akinwunmi Ambode on Tuesday received the Togolese President, Mr. Faure Gnassingbe, who is in Nigeria to visit the Dangote Refinery in Lekki Free Trade Zone...
The Ugandan Ministry of Energy and Mineral Development said it has selected three Nigerian firms to explore oil in that country. The firms are WalterSmithPetroman Oil...
Lack of synergy between the Central Bank of Nigeria (CBN) and other banks has stalled disbursement of the seed funds for start-ups. In its bid to...
Nigerian equities continued on the downtrend on Monday as the stock market reopened to mixed-feeling on corporate performance in the first half and the outlook for...