With the commencement of the fresh policy on foreign exchange rate in Nigeria today, finance analysts and investment pundits are expecting the new move to eliminate...
Africa’s biggest telecommunications operator, MTN Group on Monday announced the appointment of Rob Shutter as its new chief executive officer. The announcement came after months of...
There are hopes that the price of the naira may rise further as the Central Bank of Nigeria on Monday stated its resolve to clear all...
Ecobank Transnational Incorporated (ETI) Plc, the holding company for the pan-African Ecobank Group, plans to cancel about 95 per cent or 17.4 billion ordinary shares of...
Trading activities on the Nigerian Stock Exchange (NSE) for the week ended on Friday, June 17 closing on continued growth optimism with the benchmark indices of...
As the economic crisis in the country bits harder, five state have reportedly met the 22 stringent conditions given by the Federal Government to be able...
The upswing orchestrated by the release of the guidelines for the implementation of the new foreign exchange (forex) of the Central Bank of Nigeria (CBN) continued...
The crisis in the National Economic Reconstruction Fund (NERFUND) over allegations of corruption, has led the federal government to close down the agency. Following the move,...
Lafarge Africa Plc, Nigeria’s sixth largest quoted company, has raised N60 billion in two series of a bond issue, making history as the largest corporate bond...
Nigerian equities halted their three-day consecutive price depreciation on Wednesday as the release of the much-awaited framework for the implementation of the flexible foreign exchange (forex)...
The Nigeria Extractive Industry Transparency Initiative, NEITI, has said the country at the moment does not know the quantity of crude oil it produces. The Executive...
The Federal Government, Wednesday, said it has resolved to adopt more of external borrowing so as to achieve its aim of stimulating the economy and providing...
The Central Bank of Nigeria (CBN) has set the stage for the devaluation of the naira, as it said on Wednesday that it will allow the...
The Federal Government has announced the release of N280 billion for the implementation of capital projects that were captured in the 2016 budget. The money is...
Nigerian equities showed stronger underlying trend on Tuesday but losses suffered by many highly capitalised stocks dragged the overall market position further into the negative. The...
More voices were Monday joined to the clamour for restructuring of the Nigerian nation, as the Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay, SAN...
The current cash crunch facing the Federal Government became more pronounced on Monday, as the Central Bank of Nigeria, CBN, released it Economic Report for the...
The downtrend at the Nigerian stock market continued on Monday as investors remained uncertain about the direction of the flexible foreign exchange policy of the Central...
If the Bankers Committee has its way, bank customers will not be able to withdraw more than N10, 000 from across the counter, next time they...
Nigerian and South African equities were the contrarian stocks in the main African stock markets last week as continuing delay in the release of the guidelines...
The Federal Government has said it would not provide bailout funds to banks to boost their operations in the face of the persistent job losses in...
In what would turn out to be a third financial bailout, the Federal Government, on Saturday said it is finalizing a conditional Budget Support Facility for...
Telecommunications giant, MTN Nigeria, has agreed to pay the Nigerian government $1.7 billion as settlement of the fine imposed on it by the Nigerian Communications Commission,...
The board of directors of the African Development Bank Group (AfDB) through its private sector window has approved a $150 million line of credit (LOC) to...
After three successive negative trading sessions, quoted equities on Thursday rallied back as investors sought to take advantage of the recent declines in share prices. With...
There are indications that the Federal government has opted to reduce total budgetary spending on 2016 capital expenditure by half, as it envisages that the budget...
President Muhammadu Buhari on Thursday effected a minor shuffle in the Budget Office with a fresh assignment handed down Ben Akabueze as the new Director General...
The Minister of Finance, Mrs Kemi Adeosun, Tuesday, in London, said the federal government would issue $1 billion Eurobond in the third quarter of 2016 for...
The downtrend that has dominated the stock market since Monday worsened on Wednesdayas uncertainties over the modality for the flexible foreign exchange option of the Central...
The Federal Government has kick-started activities that will lead up to the employment of about 500,000 direct teachers. The government says it will start taking applications...
The downtrend that started the equities market this week continued into the second trading sessions as speculative transactions and profit-taking by investors worsened the overall market...
The Federal government has established a National Rice and Wheat Task Force to set up targets that will yield comprehensible and self-evident results in rice and...
After pleas would not work, the Federal government has threatened to sanction financial institutions, and telecommunications companies that sack employees. One of such sanctions would be...
Emerging reports say that Shell has resolved to abandon repair works on its damaged oil pipelines because of growing security concerns in the Niger Delta. The...
Declining oil output from Nigeria, France and a shortfall in US inventories combined on Monday to shore up oil prices to their highest in eight month....
In spite of pleas by the Federal Government to financial establishments recently not to lay off staff, the Management of Skye Bank plc on Monday sent...
Nigerian equities opened this week on a negative note as profit-taking transactions by investors pressured the overall market situation to a marginal loss of N12 billion....
The Federal Government, Monday, said it is suspending the on-going military operations against Niger Delta militants who have been attacking oil installations in the oil rich...
If the Minister of State for Aviation, Hadi Sirika has his way, the paucity of foreign exchange which is already taking a toll on the activities...
Chevron Nigeria Limited has concluded arrangement to hand over OML 55 operations to Belemaoil Producing Limited, thus making history as the first and only international oil...
Bismarck Rewane, Managing Director, Financial Derivatives Company (FDC) Limited, at the weekend, said the economy is inching closely to recession after monthly oil revenues dipped from...
The Central Bank of Nigeria (CBN) has hinted of plans to move Bank Verification Number, BVN, for Nigerians in Diaspora to June 30, Ripples has gathered....
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has indicted a stockbroking firm, WT Securities Limited, for allegedly engaging in shares fraud and mismanagement...
The spate of attacks on oil facilities in the Niger Delta has further reduced Nigeria’s daily oil output, as Eni, the parent company of Nigerian Agip...
Nigeria will continue consultations within the country regarding its stance on the Economic Partnership Agreement, EPA, between ECOWAS and the European Union, Vice President Yemi Osinbajo,...
The land swap policy introduced by the former administration of President Goodluck Jonathan may have hit a brick wall in the Federal Capital Territory (FCT) as...
Billonaire business man, Aliko Dangote, has said Nigeria loses $1bn (about N197bn) annually due to poor condition of roads in the country. Dangote spoke on Friday...
Worried by the gale of retrenchment across the banking sub-sector, the Federal Government has impressed on banks, the need to suspend all such exercise in order...
The Nigerian Communications Commission, NCC, is set to grant wider access berth to telecommunication companies in its new regulation strategy for Over-the-Top (OTT) services. This was...
The board of directors of GlaxoSmithKline Consumer Nigeria (GSK Nigeria) Plc is proposing to pay a special dividend of N716 million to shareholders under the proposed...