In from Ali Smart . . . One of the assurances given by President Muhammadu Buhari during the electioneering campaign was that the value of the...
President Muhammadu Buhari will present the 2016 budget to a joint session of the National Assembly on Tuesday, 22nd of December. The President had yesterday written...
The Management of the Abuja Electricity Distribution Company (AEDC), Wednesday, said the alleged N125 million received from the Office of the National Security Adviser (ONSA) was...
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has assured that two of the refineries may be revived by the end of December....
In from Ali Smart… As the Chinese would say, may we all live in interesting times. Certainly for Nigerians, the last 12 months have been quite...
After dropping to three-year low last week, Nigerian equities again dropped to new lows yesterday as concerns mounted that the expected increase of interest rate by...
After a two-day consecutive rally that closed the stock market last week, Nigerian equities opened this week in the red zone as widespread selling sentiments shaved...
A mild drama broke out on Monday as workers of Aero Contractors Airline staged a protest at the Murtala Muhammed Airport over alleged mismanagement of the...
President Muhammadu Buhari has assured that the new policy initiatives under his administration will ease the process of doing business in the country. Buhari spoke on...
Guinness Nigeria Plc and Diageo Plc have reached agreement on the sale of the distribution rights to Diageo’s international premium spirits (IPS) brands in Nigeria to...
Alhaji Aliko Dangote’s Dangote Industries Limited (DIL) has entered into a definitive agreement to repurchase the former Dangote Flour Mills Plc, now re-branded Tiger Branded Consumer...
The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed to make available the sum of N300 billion next year to be...
Concerns about the risk profile and income outlook of Nigerian banks coloured the overall market performance at the Nigerian stock market last week as investors re-priced...
Ahead of a widely-anticipated U.S. interest rate increase next week and worries over economic growth, the naira yesterday sank to N260 to a dollar at the...
In from Ali Smart . . . The Minister of Finance, Mrs Kemi Adeosun has impressed on ministries and departmental agencies (MDAs) the need to remit...
The Federal Government, Friday insisted that only legally verifiable debts owed power generation companies, GENCOS, would be paid. The debts, running into billions of naira, were...
After two successive declines, Nigerian equities witnessed considerable bargain-hunting activities on Thursday as investors scouted for considerably undervalued banking and consumer goods stocks. Benchmark indices at...
The downtrend at the Nigerian stock marline worsened on Wednesday as another steep decline in the price of crude oil raised anxieties over the vulnerability of...
In from Ahmed Boulor . . . Ziuss Energy and Power ltd, a complete energy solutions provider, is set to dominate Nigeria’s energy market with its...
Kaduna State governor, Mallam Nasir El-Rufai, has declared that it will take Nigeria 20 years to offset pension liabilities incurred by defunct public institutions like Nigeria...
Thanks to efficient service delivery by the Bureau of Public Procurement (BPP), the Federal Government was able to save over N628 billion from Ministries, Departments and...
Nigerians may soon heave a sigh of relief as indications are that the Federal Government has paid N407,076,805,386.30 subsidy claims to oil marketers to end the...
The Nigerian Communications Commission, NCC, Tuesday, defended the reduction of the N1.04 trillion fine slammed on MTN Nigeria to N780 billion, insisting that it acted in...
Investors lose N104 billion in accrued capital gains yesterday at the Nigerian Stock Exchange (NSE) as widespread selling pressure overturned a subtle three-day rally. With nearly...
The National Bureau of Statistics (NBS) has adopted the Stanbic IBTC Nigeria Purchasing Manager’s Index (PMI) as its private sector-based index for the country. Statistician General...
The federal government may have spent a total of 25% of the 2015 budget on subsidy payment, the World Bank report has revealed. The World Bank...
President Muhammadu Buhari on Monday approved N6 trillion expenditures for 2016 Budget under the Medium Term Expenditure Framework (MTEF). He made the presentation at the Federal...
Dangote Cement Plc upturned what was visibly a down market to sustain the overall market position in the positive. With 30 losers to 16 gainers, the...
In from Ali Smart . . . As part of his campaign promises during the political hustling, President Muhammadu Buhari promised to pay all unemployed Nigerian...
Nigeria will require a N79 billion budgetary allocation to provide health insurance for vulnerable Nigerians in 2016, the acting Executive Secretary of Nigeria Health Insurance Scheme...
In from Success Allantee . . . Rwanda and Uganda have become the first East African countries to become members of Africa Finance Corporation (AFC), bringing...
Nigerian equities stooped to their lowest value in three years early last week but quickly rebounded to close the week with a modest week-on-week gain of...
President Muhammadu Buhari on Saturday participated at the Roundtable between Chinese and African Leaders and Bilateral Meetings at the China-Africa Corporation Forum in Johannesburg, South Africa....
The burden of the fine slammed on Telecommunications Company, MTN Nigeria by sector regulator, Nigerian Communications Commission (NCC) is not totally reduced yet as the company...
in from Success Allantee . . . FBN Holdings Plc has reached agreement to sell its microfinance subsidiary-FBN Microfinance Bank Limited, to Letshego Holdings Limited of...
After three consecutive days of losses, Nigerian equities staged a comeback yesterday as increased bargain-hunting turned the market into a bit of sellers’ market, allowing most...
By Ali Smart The tension generated by the suspension of directors of Stanbic IBTC Holdings and the KPMG is yet to abate with the appeal by...
With the coming of the holidays, and the different festivities around the country, many Nigerians who cannot travel to witness the festivals live, now have a...
South African telecommunications company, MTN, have been able to reduce its fine burden imposed by the Nigerian Communication, NCC, as the Nigerian regulator has reduced the...
Quoted equities continued to show resilience and were close to break-even yesterday as increased demand for sectoral leaders moderated the widespread selling sentiments that have also...
Minister of state for Petroleum Resources, Dr Ibe Emmanuel Kachikwu is to replace the former Petroleum Minister, Diezani Alison- Madueke, as the new President of the...
Executive Secretary of the Education Tax Fund, Professor Suleiman Elias Bogoro has been asked to appear before the Senate Committee on Tertiary Institutions and Tetfund to...
The plans by the federal government to prohibit the importation of small electricity generating sets, popularly called I better pass my neighbour is already generating a...
The country spends about $20 billion every year on importation of foods including banana, irish potato, biscuits and cookies into the country. Audu Ogbe, Minister of...
Members of the House of Representatives Committee on Power and the National Electricity Regulation Commission (NERC) are at daggers drawn over the alleged approval of N2.7...
Quoted equities narrowed the ranks of the rampaging downers at the stock market, but continued pressure on the shares of many large-cap stocks pushed the market...
Nigerian equities dropped to a three-year low on Monday as continuing decline brought the average year-to-date return to -20.98 per cent. The benchmark index for the...
The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) has so far remitted over N704.2 billion in its attempt to expand the revenue accruals into the federation...
Based on a letter to the World Bank by the Socio-Economic Rights and Accountability Project (SERAP) former Minister of Finance and coordinating Minister for the Economy,...
In from Ali Smart . . . President Muhammadu Buhari on Saturday in Malta urged the international community to do more to support efforts towards curbing...