The Federal Account Allocation Committee (FAAC) is seeking a speedy review of laws, fiscal regime, licenses and price regime of petroleum products in the country. The...
In from Ali Smart … The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm over N2billion fuel trapped in the Capital Oil tank...
In from Ali Smart … Securities and Exchange Commission (SEC) has postponed its hearing on the complaints leveled against BGL Plc by more than 30 investors,...
In from Success Allantee … The average year-to-date return at the Nigerian stock market was further depressed to -12.18 per cent yesterday, implying that an average...
In from Ali Smart … The Central Bank of Nigeria (CBN) has said that businessmen from Ghana and other African countries are invading the Nigerian foreign...
In from Success Allantee Quoted equities continued to trade in the negative yesterday at the Nigerian Stock Exchange (NSE) in spite of a torrent of corporate...
In from Success Allantee … A new vista opened for the integration of the capital markets in the West Africa with the successful take off of...
In from Success Allantee … United Kingdom and Nigeria have launched a joint investment and development initiative aimed at boosting investment and capital flows between the...
In from Ali Smart … The federal government has vowed to go after importers who enjoyed waivers to import rice but went ahead to exceed the...
In from Ali Smart … The Central Bank of Nigeria (CBN) has appealed to President Muhammadu Buhari to quickly sign three recently passed bills concerning Financial...
In from Success Allantee … The downtrend at the Nigerian stock market persisted yesterday as widespread decline in share prices shaved off about N66 billion from...
in from Ali Smart … As debtor states prepare to cash in their bailout funds from the Central Bank of Nigeria (CBN) in a few weeks time,...
Diamond Bank Plc ended the first half of this year with a weak bottom-line as the commercial bank struggled with marginal growth in revenue. The weak...
Foreign investors, who dominated the Nigerian capital market, struck deals worth about N589 billion during the first half of this year, according to the latest report...
The Nigerian Stock Exchange (NSE) in partnership with the an expert on United Kingdom Emerging Capital Markets, are to introduce a report that will make recommendations...
By Michael Oluwagbemi … Nigeria has been going through some sort of fiscal-monetary policy mumbo jumbo in the past few weeks if not months. In the...
Union Bank of Nigeria (UBN) Plc, recorded a pre-tax profit in the first half of this year as the group’s core banking operations helped to cushion...
In from Ali Smart … The Central Bank of Nigeria (CBN) is likely to announce a new exchange rate and other fiscal policy regime at the...
In from Success Allantee … Most highly capitalised stocks fell yesterday at the Nigerian Stock Exchange (NSE) as widespread selling sentiments continued to haunt quoted equities....
The Central Bank of Nigeria (CBN) says it has set aside about N252bn as credit to support Small and Medium-scale Enterprises (SMEs) owned by women, to...
Nigeria over the years has become a net importer of food, and major importer of wheat, rice, fish and sugar, spending over N1 trillion of foreign...
In from Success Allantee Flour Mills of Nigeria Plc, Nigeria’s largest flour-milling company, would be distributing N5.51 billion as cash dividends to shareholders for the immediate...
In from Success Allantee After a two-day rally spurred by mild bargain-hunting, Nigerian equities yesterday returned to the negative side with a loss of N22 billion....
As part of efforts to address the issue of unclaimed dividends and encourage patronage of the market, the Securities and Exchange Commission (SEC), the Central Bank...
In from Success Allantee… Ecobank Transnational Incorporated (ETI) Plc, the pan-African financial services holding parent company of the Ecobank brand, has raised about N19.3 billion in...
In from Success Allantee… Zenith Bank Plc, Nigeria’s second most capitalised banking stock and fifth most capitalised company, came under intense selling pressure last week as...
The Nigerian Deposit Insurance Corporation (NDIC) has said that some financial institutions in the country may encounter sudden challenges as a result of their poor governance...
in from Success Allantee… Nigerian equities rallied back from a long-drawn consecutive decline as bargain-hunters sought to take positions in undervalued stocks. The Nigerian stock market...
In from Success Allantee… United Capital Plc, a Nigerian investment banking group quoted on the Nigerian Stock Exchange (NSE), and Lion’s Head, have been appointed as...
Eurozone ministers have agreed to give Greece a €7bn (£5bn) “bridge” loan from an EU-wide fund to keep its finances afloat until a bailout is approved....
Despite a three-day straight slide in the exchange rate of the Naira against the US Dollar, the Central Bank of Nigeria (CBN) has said that there...
Figures from the National Pension Commission (PenCom) indicate that funds in the Contributory Pension Scheme stood at N4.9tn, as at the end of May 2015. According...
By Success Allantee… It was four to one, the game between the downside and upside at the Nigerian Stock Exchange (NSE) again today (Wednesday) ended in...
In from Success Allantee… The return outlook for Nigerian equities worsened yesterday (Tuesday) as the downtrend at the Nigerian Stock Exchange (NSE) entered the 10th consecutive...
In from Success Allantee… As the Nigerian stock market opens today, the Nigerian Stock Exchange (NSE) will shut the regular secondary market against shareholders of three...
The Lagos Chamber of Commerce and Industry (LCCI) has raised concerns over the decision of the Central Bank of Nigeria (CBN) to stop foreign exchange sale...
In from Success Allantee… The downtrend at the Nigerian stock market appeared to be easing off as the margin between advancers and decliners narrowed amidst expectations...
In from Success Allantee Average year-to-date return at the Nigerian stock market worsened further Thursday as quoted equities extended their negative trading to seventh consecutive trading...
Stanbic IBTC Holdings Plc, the Nigerian subsidiary of South Africa’s Standard Bank Group, on Thursday reported a 52 per cent decline in pre-tax profit in the...
In from Success Allantee… AXA, one of the world’s largest insurance companies, has reincorporated the Nigerian insurance company –Mansard Insurance Plc, which it acquired late last...
In from Success Allantee… The New York Stock Exchange (NYSE) suspended trading in all securities on its platform for more than three hours Wednesday over what...
In from Success Allantee… The downtrend at the Nigerian stock market worsened Wednesday as widespread selling sentiments wiped away N119 billion, extending the depreciation to the...
In from Allantee Success… Nigerian equities remained under intense selling pressure today (Tuesday) as investors flooded the tight market with more market orders, leaving hard-pressed investors...
In from Success Allantee… United Bank for Africa (UBA) Plc achieved full subscription to its recent rights issue; successfully raising N11.5 billion from existing shareholders to...
In from Ali Smart… Members of the forum of Commissioners of Finance rose in unison today charging the former Coordinating Minister of the Economy and Minister...
In from Success Allantee… Nigerian equities remained on the negative as the stock market opened Monday under selling pressure. The All Share Index (ASI), the value-based...
In from Success Allantee… Nigeria may precipitate the immediate collapse of its pharmaceutical manufacturing industry with attendant lose of more than one million jobs and N500...
In from Ali Smart… The Central Bank of Nigeria (CBN) has warned that Bureau De Change (BDCs) are not authorised to fund import transactions in any...
In from Success Allantee… Trading on Thursday at the Nigerian stock market was marked by steep decline in turnover and continuing decline in share prices. For...
Less than two weeks after the Central Bank of Nigeria (CBN) stopped the sale of forex to some category of importers, the nation’s currency, naira, on...