By Ali Smart This is cheery news for Nigerians in the Diaspora as the Central Bank of Nigeria (CBN) has extended Bank Verification Number registration exercise...
Investors changed gear from the bargain-hunting mode of recent days to profit-taking on Wednesday, triggering another round of massive selloffs in the stock market. As against...
By Ali Smart The Chairman of the House of Representatives Committee on Appropriation has revealed that Nigeria loses an average of N1 trillion annually to crude...
There are concerns that Kerosene, a petroleum product mostly used by the poor may climb to an all-time high of N200 per litre, following government’s total...
Nigerian equities drove away the bears and held on to marginal gains on Tuesday as bargain-hunters sought to lock in into mid and large-cap stocks. Nigerian...
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 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 . . . . As the Americans would say, “hemmed in on all sides.” The Bureau of Public Enterprises (BPE) is practically...
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...
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...
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 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,...
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 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...
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...
Nigerian equities lost N297 billion yesterday at the Nigerian Stock Exchange (NSE), the fourth consecutive loss as the stock market struggled with large sell orders amidst...
Nigerian equities recorded its worst performance so far in 2016 on Wednesday as panic gripped investors that continuing decline global crude price might lead to deterioration...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has alleged that the decision of the Central Bank of Nigeria (CBN) to end direct sales...
Nigerian equities slumped to new lows yesterday as global crude oil price declined to 12-year low at $30 per barrel. With four decliners to every marginal...
With more than five losers to a gainer, Nigerian equities came under a more intense selling pressure as the stock market reopened on Monday. Open market...
In from Ali Smart . . . Since the Central Bank of Nigeria forex restrictions came into effect, Bureau De Changes (BDCs) operators across the country...
The Securities and Exchange Commission (SEC) on Monday declared that over N90billion unclaimed dividends is trapped in the vaults of quoted companies in the country. Speaking...
Quoted companies on the Nigerian Stock Exchange (NSE) started 2016 with a round of downtrend with nearly three losers for every gainer in the first week...
In from Ali Smart . . . August visitors hardly visit in August and so it was with Ms. Christine Largarde, the Managing Director of the...
In from Success Allantee…. Securities and Exchange Commission (SEC), Nigeria’s apex capital market regulator, has started a new round of investigation into the operations of capital...
The downtrend at the Nigerian stock market widened on Thursday with an average of five losers for every gainer, but a last-minute rally by Dangote Cement...
Three years after Nigeria abandoned its strategic development plan, the President Muhammadu Buhari-led administration looks set to marshal out a new development framework for the country....
At least about 83 per cent of the workforce of Visafone, amounting to about 2, 000 workers may have been thrown into the job market as...
The bears fully bared their fangs yesterday at the Nigerian Stock Exchange (NSE) as increased sell pressure on highly capitalised stocks shaved off N317 billion from...
Report… Nigeria’s aviation, a sector in need of makeover In from Ali Smart . . . The place of the aviation sector in Nigeria’s economy is...
The Managing Director of the International Monetary Fund (IMF) Ms. Christine Lagarde, has, contrary to widespread reports, painted a grim picture of the Nigerian economy, stating...
The second trading session of the year at the Nigerian Stock Exchange (NSE) also ended in the negative with nearly two losers for every gainer. Turnover...
Caution was the word at the first trading session of 2016 at the Nigerian Stock Exchange (NSE) as bemused investors seek to outline the outlook for...