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...
The External auditors to Stanbic IBTC Holdings Plc, KPMG, has indicated that it would not sign off the much-awaited 2015 financial statement of the financial services...
After losing N684 billion in the two earlier trading sessions, Nigerian equities on Thursdayregained their rally with a modest gain of N94 billion. Benchmark index indicated...
Oil marketers have concluded arrangements to hike the price of Liquefied Petroleum Gas (LPG) better known as cooking gas by between 70 to 100 per cent...
Members of the lower legislative chamber have maintained that MTN Nigeria must pay up the N1.04 trillion fine imposed by the Nigerian Communication Commission, NCC. The...
Nigeria’s Mohammed Barkindo has emerged the new secretary-general of the Organisation of Petroleum Exporting Countries (OPEC). Bakindo was a former Group Managing Director of the Nigerian National Petroleum Corporation,...
Nigeria’s Mohammed Bakindo has emerged the new secretary-general of the Organisation of Petroleum Exporting Countries (OPEC). Bakindo is a former Group Managing Director of the Nigerian National Petroleum...
The Nigeria Deposit Insurance Corporation, NDIC, has said that 2% of Nigerians own 90% of total deposits in Nigerian banks, indicating the widespread inbalance in wealth...
The board of directors of GlaxoSmithKline Consumer Nigeria (GSK) Plc has accepted a binding offer from a Japanese firm, Suntory Beverage & Food Nigeria Limited, a...
Time was when the insurance sector was considered a hard sell. But today, it is becoming a big attraction for local and foreign investors who are...
The Federal Government (FG) hopes to commit the sum of N40bn for the provision of affordable housing for all, President Muhammadu Buhari has assured. The President...
Staffers at the headquarters of the National Economic Reconstruction Fund, NERFUND, paralyzed business activities on Wednesday, as they accused the agency of mismanagement and embezzlement of...
For the first time in the last seven years, Nigeria recorded a decline of N793.5bn in the first quarter merchandise trade to close at N2.72tn from...
After gathering N613 billion in capital gains last week, Nigerian equities opened this week to a massive profit-taking, which turned the stock market into an extreme...
Federal Government has again emphasized the need for ease of doing business in the country just as President Muhammadu Buhari has approved the formation of a...
Investors in Nigerian quoted equities netted a total gain of N613 billion within the 25-hour trading sessions last week as scramble for Nigerian equities by foreign...
A Pensions Funds Administrator (PFA) First Guarantee Pension Limited (FGPL) is crossed with the National Pension Commission (PENCOM) over fear that its N115billion assets in the...
The Central Bank of Nigeria (CBN) has issued operating licences to 2,998 bureaux de change (BDCs) that met its N35 million mandatory capital base, The number,...
The rippled effect of the credit crunch which continues to bite harder in different sectors is also threatening the existence of most of the foreign airlines...
The administration of President Muhammadu Buhari received a knock from the Lagos Chamber of Commerce and Industry, LCCI, as it said the nation’s economy has suffered...
For the management and staff of BGL Securities and BGL Assets Management Limited led by debonair businessman, Albert Okumagba things have finally fallen apart as the...
Nigeria’s leading road transport company, GIGM.com, has today (Friday) announced the introduction of a child friendly transport fare in celebration of the children. With the child...
Contrary to expectations, the Minister of Petroleum Resources, Dr. Ibe Kachikwu on Thursday said that Nigeria’s four refineries in Port Harcourt (2), Warri and Kaduna will...
Nigerian equities market rallied to a six-month high on Thursday as strong inflows from foreign and domestic investors tickled the stock market to a net gain...
With a daily loss of over 800,000 barrels from a projected 2.2 million barrels of crude per day (bpd) Nigeria’s budget 2016 may be headed for...
A protest by pilots in the employ of Dana Air on Thursday grounded the activities of the airline, leaving some of its passengers stranded at airports...
The renewed unrest in the Niger Delta area has begun to take its toll on the nation’s revenue as the amount shared by the tree tiers...
Nigerian equities staged their biggest day-on-day rally so far this year on Wednesday as investors continued to react to the adoption of a flexible exchange rate...
The Lagos State government on Wednesday signed a Memorandum of Understanding for the construction of a much anticipated fourth mainland bridge to connect the island with...
The upper legislative chamber of the National Assembly on Wednesday initiated moves to unbundle the Nigeria Railways Corporation (NRC). Specifically, the senate hopes to set up...
The House Committee on Privatisation is crossed with the Federal government over the proposed privatisation of the nation’s three refineries, namely: Warri, Port Harcourt and Kaduna...
President Muhammadu Buhari has said that niigeria’s economy is in a volatile situation due to the crash in oil prices. The president stated this at the...
The balance sheets of most of the deposit money banks (DMBs) are bleeding badly as a result of the huge debts portfolio in form of non-performing...
Nigerian equities firmed up on Tuesday as the Central Bank of Nigeria (CBN) in a surprising move dumped its fixed foreign exchange policy and adopted a...
The lower legislative chamber has begun probe of the loss of over $2.9b yearly of tax incentives to foreign companies by the Nigeria government. Justifying the...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria at the conclusion of its 3rd meeting for the year on Tuesday decided to hold...
Foreign airlines operating in the country are struggling to free about $575 million in generated revenue trapped in the Central Bank of Nigeria, CBN. To this...
A scramble to take profits on recent steep and sustained gains by several equities and concerns over the possible decisions of the Monetary Policy Committee (MPC)...
A latest audit of the NNPC by the Nigeria Extractive Industries and Transparency Initiative, NEITI, has revealed a fresh fraud of about N2.33 trillion. The report...
In spite of government’s hopes that the removal of subsidy on fuel products will shore up Nigeria’s foreign reserves, the external reserves dropped by about US$200...
Nigerian equities bucked the slowdown in the global equities markets to sustain a five-week consecutive rally with a gain of N214 billion last week as investors await...
The proposal by the Federal Government to invest the N5.4t pension funds in infrastructure development has attracted a lot of criticisms. The fear being expressed by...
The Independent Petroleum Marketers Association of Nigeria at the weekend signed a memorandum of understanding {MoU} with Star Synergy Petroleum Services Limited to expand its mode...
The National Bureau of Statistics, NBS, has released a grim report on Nigeria’s economy, as its Q1 2016 report showed that the nation’s real Gross Domestic...
The Central Bankof Nigeria (CBN) has disbursed a total N55, 456, 161, 481 to the power sector in a bid to address the nation’s power problems....
The end may not yet be in sight in the crisis rocking the downstream subsector of the oil industry, as oil marketers, on Friday in Abuja,...
Reports say that the Escravos pipeline carrying gas to various parts of the country has been blown up by suspected militants, causing upsets in the supply...
Two new generation banks are technically bankrupt, Ripples has learnt. Investigations showed that the Capital Adequacy Ratios (CARs) of these two commercial banks fell below regulatory...
Bargain-hunters upped the ante at the Nigerian stock market on Thursday as increased market orders pushed several stocks to higher prices. Against the background of average...
The Organised Private Sector, OPS, has threatened to sanction any worker in the private sector that fails to report for duty during the ongoing strike action...