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...
In from Success Allantee… Dangote Cement, the most capitalised stock on the Nigerian Stock Exchange (NSE), which had led the N71 billion-gain that closed the last...
In from Success Allantee Skye Bank Plc on Tuesday said it has successfully concluded the integration of Mainstreet Bank Limited, which it acquired late last year...
In from Success Allantee… Oando Plc has reached definitive agreement to sell the majority equity stake in its downstream business to HV Investments, a joint venture...
In from Success Allantee… Nigerian equities market sustained its upswing today (Tuesday) as investors anticipated half-year earnings and bided to adjust their portfolios for the first-half...
The Central Bank of Nigeria ( CBN) has extended the deadline for registration in the Bank Verification (BVN) exerciae to October 31, 2015 to enable more...
It was a dramatic but exciting start yesterday at the Nigerian Stock Exchange (NSE) as Nigerian equities almost regained the losses it suffered in four consecutive...
Stakeholders in Nigeria’s oil and gas industry at a forum in Lagos recently, called on government to provide enabling laws to encourage more private sector players...
As the Bank Verification Number (BVN) project runs to an end June 30, about 14 million Nigerians who are yet to be captured in the exercise,...
In from Ali Smart… 12 Nigerian banks have emerged among top 20 African banks on the African continent. This was the outcome of a survey conducted...
Chief Executive Officers of major banks in the country say there has to be some adjustment in the present level of the naira, in terms of...
In from Success Alantee… The £144.5 million tender offer by Unilever Overseas Holdings, the United kingdom-based foreign core investor in Unilever Nigeria, for the purchase of...
in from Success Alantee… For every six price changes, almost five ended in losses as the tight trades at the Nigerian Stock Exchange (NSE) yesterday turned...
The Central Bank of Nigeria (CBN) has approved the acquisition of Zinternet Nigeria Limited (Zinternet) and its mobile money license by Konga, a Nigerian online retailer....
In an effort to conserve foreign reserves and facilitate the resuscitation of domestic industries and generate employment, the Central Bank of Nigeria (CBN) has banned the...
In from Success Allantee… A combination of bargain-hunting and hold-and-wait sentiments created a tight market situation on Tuesday at the Nigerian stock market. Benchmark indices indicated...
In from Success Allantee…. Nigerian equities opened Monday with a modest rally as investors sought to take positions in several equities, which had suffered significant depreciation...
In from Ali Smart… The Sub-committee on Ethics and Professionalism of the Bankers’ Committee has ruled that the agreement between Honeywell Group and Ecobank to pay...
In from Success Allantee …. The average share price at the Nigerian stock market dropped by 1.08 per cent in the immediate past week, further highlighting...
In from Success Allantee …. Analysts have said the success of the merger between Skye Bank Plc and its acquired bank, Mainstreet Bank Limited is uncertain...
Bilfinger SE, the foreign majority investor in Julius Berger Nigeria Plc, is concluding to sell its entire equity stake in the Nigerian company on or before...
The Central Bank of Nigeria (CBN) will today (Friday) meet with chief executives and treasurers of commercial banks in the country, in a bid to avoid...
The National Bureau of Statistics (NBS) says Nigeria’s unemployment rate jumped to 7.5 per cent in the first quarter of the year (Q1 2015) compared to...
The National Bureau of Statistics (NBS) yesterday puts the final expenditure on Gross Domestic Product (GDP) of the three tiers of government at 42.81 per cent...
For their involvement in a currency scam in which defaced and mutilated notes amounting to about N8 billion were recycled into the country’s financial system, about...
Nigerians may soon heave a sigh of relief over the present fuel scarcity that has caused so much hardship, as members of the Major Oil Marketers...
Some staff members of the Code of Conduct Bureau (CCB) are up in arms with Mr. Sam Saba, chairman of the body that is supposed to...
There appears to be no end to the travails of Mr. Albert Okumagba, the Group Managing Director of BGL Group as the Securities and Exchange Commission...
The federal government through the National Council on Privatisation (NCP) has directed the Bureau of Public Enterprises (BPE) and the Nigeria Infrastructure Advisory Facility (NIAF) to...
About 80 per cent of goods found in markets across Nigeria and other parts of Africa are substandard products imported from outside the continent, by people...
The packaged water industry in Nigeria now generates an estimated N8 billion naira daily. This indication was given on Tuesday by the Director General of the...
The quarterly data released by the Debt Management Office (DMO) has revealed that the Federal Government of Nigeria’s (FGN’s) domestic debt as at ending of March...
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reviewed the Cash Reserve Ration (CRR) deposits in the country to 31 per...
The Nigeria Social Insurance Trust Fund (NSITF) is in the eye of the storm. The reason for this is not far-fetched: the workers’ union is at...
Banks in Nigeria are likely to have issues in the first half of 2015 with Non Performing Loans (NPLs) as a result of declining crude oil...
The United Kingdom Charity Commission says it is carrying out a broad investigation into several allegations of financial misconduct and conflicts of interest against the Olusegun...
