In from Success Allantee . . . Seplat Petroleum Development Company Plc has taken over its ownership stakes and operatorship of two oil blocks, following a...
After losing about N1.6 trillion in January, Nigerian equities opened the new month on a weak note as selling pressured continued most capitalised stocks at the...
The Federal Government has expressed confidence over the workability of the 2016 budget, saying it is realisable despite falling oil price in the international market. This...
In from Allantee Success . . . Japanese company, Suntory Beverage & Food (SBF) Limited, has made preliminary offer to purchase the drinks business of GlaxoSmithKline...
In from Ali Smart . . . . Nigeria expended a total of N20 trillion on fuel importation from January 2010 to September 2015, the Nigerian...
The value of Nigerian equities depreciated by N1.6 trillion in January; a worse start to another year as investors struggled with long-running recession at the Nigerian...
In from Ali Smart . . . . Finally the D-Day is here, Monday, February 1st. The date all electricity consumers in the country are expected...
The Coca-Cola Company has acquired a 40 per cent initial minority equity shareholding in Tropical General Investments Group (TGI Group), the holding company of Chi Ltd,...
In from Ali Smart . . . . As the Americans would say, “hemmed in on all sides.” The Bureau of Public Enterprises (BPE) is practically...
Nigeria’s President Muhammadu Buhari erased any doubt about who is in charge of currency policy in Africa’s biggest economy — to the detriment of the central...
PRESIDENT Muhammadu Buhari late yesterday in Nairobi called for an intensification of intra-African trade and acceleration of the pace of economic integration across the continent. Speaking...
In from Ali Smart . . . The extended labour unions, including the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) have set machinery in...
Nigerian equities broke away from the downside on Thursday as continuing improvement in global crude oil price raised hopes that Nigeria may waddle through its foreign...
The Bureau for Public Enterprises (BPE) may be in for a raw deal as the upper legislative chambers has decided to probe the sale of 10...
Nigerian government should intervene to stem the continuing downtrend at the Nigerian stock market by mandating its relevant agencies to step into the stock market and...
The trade volume between Nigeria and Poland is within the region of €250 million, Polish Ambassador to Nigeria, Andrzej Dycha has said. Dycha, who made this...
The Federal Inland Revenue Service (FIRS) may soon begin probing some companies involved in tax evasion. This followed allegations that most companies operating with the Nigerian...
By Ali Smart The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate at 11 per cent during its...
Nigeria lost $143.9 million as a result of reduction in federation export sales and drop in the average price of crude oil from 49.58 dollars in...
After four consecutive days of upswing during which they gathered N518 billion, Nigerian equities relapsed into the red zone yesterday after the Central Bank of Nigeria...
Investigation into the circumstances surrounding the oil swap deals in which the Nigerian National Petroleum Corporation (NNPC), Nigerian Customs Service (NCS), Petroleum Product Pricing and Regulatory...
Nigerian equities opened this week with a gain of N48 billion, sustaining the positive sentiments that upturned the long-drawn decline and added N107 billion in new...
The price of Household Kerosene (HHK) jumped from N50 per litre to N83 per litre over the weekend, as the Federal Government officially ended subsidy on...
Nigerian equities recorded their best performance so far this year last week as resurgence in bargain-hunting and increased demand for quoted equities halted the year-running recession...
The recent attacks on oil and gas pipelines in the Niger Delta is robbing the nation of N78, 800,000 gas revenue on daily basis, while the...
The nation’s electricity sector is set to receive a boost with the grant of $2.6m from Global Environment Facilities (GEF) of UNIDO, the Managing Director of...
By Ali Smart The Minister of Power and Works, Babatunde Fashola, has impressed it on the National Pension Commission (PenCom) to invest the over N5 trillion...
The Federal Government has hinted of plans to introduce a new tax regime as part of efforts to deal with the financial crisis caused by dwindling...
In from Success Allantee . . . . In what appeared to be a back-door return of the Commission on Turnover (COT), the Central Bank of...
Telecommunications giant, MTN Nigeria, may have soften its tough stand on the N1.04 trillion fine imposed on it by the Nigerian Communications Commission, NCC, as it...
Against popular outcry over the introduction of the N50 stamp duty of deposits, the Central Bank of Nigeria, Friday, explained that payments of salaries and wages...
Nigerian equities continued on their recovery mode as the momentum of activities at the Nigerian Stock Exchange (NSE) rose above recent average. After a dramatic upturn...
The Nigerian stock market witnessed its biggest rally so far this year on Wednesday as intense bargain-hunting transactions halted the year-running downtrend and topped the market...
Skye Bank Plc had discussed with key shareholders and strategic investors and has started the process to raise new additional capital by this quarter to bolster...
There is a groundswell of opposition to the newly introduced N50 stamp duty on deposits from N1000 and above by the Central Bank of Nigeria, CBN,...
The impact of the renewed hostilities by Niger Delta militants may have started taking its toll on the nation’s oil and gas industry, as the Nigerian...
Nigerian quoted equities showed signs of recovery at the Tuesday trading session at the Nigerian Stock Exchange (NSE). Widespread buying sentiments narrowed down the supply gap...
Nigerian equities opened another week with their steepest decline so far this year as panic overwhelmed market sentiments and dampened appetite for quoted equities. With more...
By Ali Smart When the governor of the Central Bank of Nigeria, Godwin Emefiele addressed the last Monetary Policy Committee (MPC) meeting in the last quarter...
The Civil Liberties Organisation, CLO, has thrown its weight behind the decision of the Central Bank of Nigeria, CBN, to stop selling forex to Bureaux De...
The management of FCMB Group Plc has forewarned investors that the financial services group would report lower earnings for the third and fourth quarters of 2015,...
The Central Bank (CBN) has lifted restrictions it placed on Commercial banks which limited the banks’ ability to conduct business transactions in foreign currency (dollar) transfer....
Visafone, the only Coded Multiple Division Access (CMDA), network in the country and hitherto owned by renowned banker and ICT philanthropist, Jim Ovia was acquired by...
The Nigerian equities market took a turn for the worse in the immediate past week as investors lost N1.21 trillion. With the global crude oil price...
The Independent Petroleum Markets Association (IPMAN) has hinted of plans to down tools to press home their demand for equal opportunity in the sharing and distribution...
The Central Bank of Nigeria (CBN) has set machinery in motion to lend funding support to at least one million graduates involved in Micro, Small and...
Saudi Arabia’s young population is at the forefront of a changing economy following the continuous downward slide of global oil prices which has reached an all...
A Federal High Court sitting in Lagos, on Friday, struck out a contempt charge filed against Ecobank Nigeria Limited by Honeywell Flour Mills Plc. Justice Ibrahim...
By Ali Smart Even as Nigeria awaits the planned implementation of the new ‘Petroleum Industry Governance and Institutional Framework Bill 2015’, indications are that it is...
As losses at the Nigerian stock market top N1.5 trillion in the past nine days, authorities at the Nigerian Stock Exchange (NSE) have activated the market’s...
