in from Ali Smart . . . Perhaps as an indication of its commitment towards the welfare of the internally displaced persons across the north eastern...
In from Ali Smart . . . Freight forwarders are at logger heads with customs officials over what they described as prohibitive taxes, which they argued...
With the kickoff implementation of the Guide to Bank Charges on zero commission on turnover (COT) on all transactions in January, the deposit money banks would...
Nigerian equities sustained their massive last-minute rally for the second consecutive day as intense bargain-hunting and year-end portfolio realignments combined to add N298 billion to market...
As the hours ticked away for the 2015 business year, investors appeared to have intensified last-minute portfolio rebalancing and adjustments to ensure that their portfolios are...
The Nigerian Stock Exchange (NSE) has started the final review of its group and sectoral indices. The newly reviewed indices will take effect on January 1,...
The Nigerian equities market reopened on Tuesday with voluminous transactions on low-priced financial services stocks as year-end portfolio rebalancing trades saw a shift from high-cap stocks...
By Ali Smart Notwithstanding the austere nature of the present administration, the 2016 budget for the presidency, according to the budget document obtained by Ripples Nigeria,...
By Ali Smart . . . After what seem to be a back and front movement, and contrary to what Nigerians were initially made to believe,...
By Timothy Enietan-Matthews The planned removal of the Petroleum Subsidy Fund by the Federal Government may run into trouble waters as the Nigeria Labour Congress (NLC)...
In from Ali Smart . . . . Hard times may yet be the lot of Nigerians in the coming year 2016, as the bite on...
The Emir of Kano, Lamido Sanusi II has made a case for Islamic banking, saying it is the best model for an economy like Nigeria. Sanusi...
Pre-shipment agents involved in monitoring oil and gas operations onshore may no longer have a job to do as the federal government has cancelled their contracts...
The widespread positive sentiments continued at the Nigerian Stock Exchange (NSE), but losses by a handful of highly capitalised stocks coloured the overall market position to...
The three tiers of government shared the sum of N369.9billion from the federal allocation for November 2015. This was made known by Minister of Finance, Mrs...
Nigerian equities remained positive on Tuesday, sustaining a two-day gain that had seen the market regaining N131 billion in capital gains in the past two trading...
The two main indices at the Nigerian Stock Exchange (NSE) indicated average gain of 0.72 per cent, equivalent to a gain of N66 billion, on Monday...
In from Ali Smart . . . As part of efforts to curtail prevailing naira volatility in the market, the Central Bank of Nigeria (CBN) has...
In from Ali Smart . . . Workers’ union in the oil and gas sector have rejected outright the redraft Petroleum Industry Bill (PIB) which is...
Despite having the initial N1.04 fine reduced by 25 per cent to N780 billion, telecommunications company MTN Nigeria is still not satisfied with the outcome of...
It was a bad day for passengers aboard a chartered aircraft belonging to Aero Contractors on Saturday at the Bauchi Airport in North Eastern part of...
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says that he had received the Presidency’s approval to commence the final phase of the restructuring of...
With nearly three advancers to a decliner, widespread bargain-hunting lifted the Nigerian equities from the red zone to the first gain in four trading sessions. The...
Seems the last has not been heard concerning the N1.4 trillion naira fine slammed on telecommunications giant, MTN by the Nigerian Communications Commission (NCC) for failing...
There were still more losers than gainers, but the momentum of the downtrend at the Nigerian stock market slowed down considerably yesterday as investors sought out...
In from Ali Smart . . . One of the assurances given by President Muhammadu Buhari during the electioneering campaign was that the value of the...
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...
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...
In from Ali Smart . . . The Minister of Finance, Mrs Kemi Adeosun has impressed on ministries and departmental agencies (MDAs) the need to remit...
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...
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...
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...
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...
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...
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...
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...
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...
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,...