In from Ali Smart . . . President Muhammadu Buhari on Saturday in Malta urged the international community to do more to support efforts towards curbing...
Quoted equities remained largely under pressure last week in spite of the Tuesday cut in the benchmark interest rate by the Monetary Policy Committee (MPC) of...
By Paul Wallace Michael Cohen When Muhammadu Buhari clinched victory in Nigeria’s presidential elections in March, stocks soared as investors looked to the former military ruler...
In from Success Allantee . . . The Nigerian stock market showed a positive momentum yesterday with more gainers than losers, but losses by banking stocks...
in from Success Allantee . . . The Federal Government is considering launching a $25 billion infrastructure fund to bridge the gap between government revenue and...
In from Ali Smart . . . The House of Representatives on Thursday impressed on the Central Bank of Nigeria (CBN) the need to reduce interest...
The first trading session after the formal announcement of the cut in the benchmark interest rate by the Central Bank of Nigeria (CBN), Nigerian equities showed...
The downtrend at the Nigerian stock market worsened Tuesday as investors continued their sell down on equities, pushing most share prices to close lower. The benchmark...
Despite assurances by stakeholders in the downstream sector of the petroleum sub-sector of an end to recurring fuel scarcity situation in the country, this is yet...
The federal government is desirous of exploring gas for export to shore up its dwindling revenue. President Muhammadu Buhari gave the hint at the Third Summit...
In from Ali Smart . . . The Fiscal Responsibility Commission (FRC) on Monday hinted that it recovered over N360 billion from the operating surpluses of...
Most investors had expected it to be five hours of hopes and recovery after losing N245 billion last week, the first trading session of this week...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has started a process that might lead to revocation of licences of at least 94 capital...
The Central Bank of Nigeria (CBN) has given three banks a seven-month deadline to recapitalise and beef up their capital base after they failed to meet...
Nigerian equities continued to bleed profusely last week as a combination of foreign exchange crisis, policy uncertainties and weak corporate earnings sustained pressure on the share...
In from Olumide Olaoluwa . . . The National Economic Council (NEC) chaired by Vice President Yemi Osinbajo on Thursday approved sharing of $150 million from...
The demand-supply situation at the Nigerian stock market improved considerably yesterday as most stocks closed on the upside. While losses by a handful of highly capitalised...
Nigerian billionaire industrialist, Aliko Dangote remained at the top of Africa’s richest in the latest ranking published by Forbes Magazine. Dangote, who is among the richest...
The Nigerian equity market remained in the grip of the downers yesterday as continuing decline heightened uncertainties about the prospects of a recovery before the end...
For investors in the Nigerian stock market, this is not the best of times to take stock of one’s investments. Quoted equities dropped further yesterday and...
Nigerian equities lost N107 billion in five hours of trading on Monday as the stock market reopened to a resurgent downtrend, which became more evident on...
Nigerian equities remained on the negative side last week as the inauguration of the newly constituted Federal Executive Council (FEC) by President Muhammadu Buhari on Wednesday...
Major equities on the Nigerian stock market showed considerable recovery yesterday as President Muhammadu Buhari swore in newly appointed Ministers into their respective offices. The two...
Resurgent profit-taking trading halted the budding upbeat that opened this week and threw Nigerian equities deep into the red. The two benchmark indices at the Nigerian...
A considerable weekend rally boosted a tepid week-long bargain-hunting to bring Nigerian equities to almost a break-even point, raising prospects that the stock market has bottomed...
The Central Bank of Nigeria, Thursday evening, clarified that the Bank Verification Number, BVN, requirement for foreign exchange transactions poses no security risks to the bank...
In from Success Allantee . . . Nigerian equities showed further resilience on Thursday as the number of advancers increased and the momentum of losses waned...
The downtrend at the Nigerian stock market narrowed appreciably on Wednesday as more equities braced against the sustained decline, moderating the spread of the still negative...
In from Success Allantee (Nation’s capital) . . . In what appears as a drastic policy turnaround, the Nigerian National Petroleum Corporation, NNPC, Tuesday, announced that...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has suggested a substantial reduction of crude oil allocation to the Nigerian National Petroleum Corporation (NNPC). The outgoing Executive...
For every stock that recorded modest gain, there were more than two losers yesterday as the Nigerian stock market reopened for the November trading sessions after...
In efforts to create robust internet infrastructure in all the 36 states in the country, the Nigerian Communications Commission (NCC) has said that it would issue...
The Nigeria National Petroleum Corporation (NNPC) says it recorded N38.67billion from the sale of downstream petroleum products in September, a drop from the N44.2 billion of...
Investors in the Nigerian stock market lost N701 billion in October as share prices of quoted equities continued to fall in spite of the inflow of...
Ahead of the October 31st deadline for the enrollment for the Bank Verification Number (BVN) many banks across the federation swarmed with customers who thronged the...
Against calls by prominent international organisations and individuals, including the International Monetary Fund (IMF) and former governor of the Central Bank of Nigeria (CBN) and now...
In from Success Allantee . . . The overall market position of the Nigerian stock market closed positive on Thursday after strong rallies by fast moving...
In from Ali Smart . . . Apparently worried over the parlous state of the economy, the Central Bank of Nigeria (CBN) has set machinery in...
The Nigeria Labour Congress, NLC, has called on Nigerians to ignore the call by the Emir of Kano, Muhammadu Sanusi II, asking the Federal Government to...
In from Success Allantee . . . As more corporate earnings continued to flow in, Nigerian equities remained under pressure. More than two out of every...
In from Timothy Enietan-Matthews (Nation’s capital) . . . The International Monetary Fund (IMF) Tuesday, painted a gloomy picture of African countries predicting that if the...
The latest report from the World Bank has placed Nigeria as 169 out of 189 countries surveyed on the ease of business worldwide, moving the country...
In from Nigerian equities recorded a modest week-on-week gain of 0.60 per cent, equivalent to N61 billion, last week as a large inflow of corporate earnings...
Few days shy of the October 31 deadline for customers to complete their Bank Verification Number, the Central Bank of Nigeria has foreclosed the possibility of...
In from Success Allantee . . . After four days of consecutive upswing, investors turned round yesterday to take and lock in profits from recent capital...
In from Success Allantee . . . Access Bank Plc on Wednesday released its third quarter earnings report indicating significant growths in incomes and profitability. The...
The high interest rate being charged has prevented a lot of prospective women from benefiting from the much publicised Micro, Small and Medium Enterprises (MSMEs) N220...
In from Smart Ali . . . The House of Representatives on Tuesday hinted that it would investigate the revenue generated by the Nigerian National Petroleum...
In from Ali Smart . . . The House of Representatives has concluded plans to probe the Nigerian Investment Promotion Council (NIPC) over the N1.85trillion pioneer...
In from Success Allantee . . . Nigerian equities rode on the back of widespread positive sentiments to sustain a rally for the second consecutive day...