The Federal Inland Revenue Service under the new leadership of the Babatunde Fowler has revealed that only 125,000, amounting to 27.7 percent of the 450,000 companies...
In from Ali Smart … The Central Bank of Nigeria (CBN) has taken strategic steps to ensure that the level of fraud arising from e-payment transactions...
Of about 285 Nigerian companies that submitted applications and underwent screening for the establishment of private refineries in the country, only 65 were able to scale...
In from Success Allantee… Nigerian equities remained in the red as the third consecutive day of losses pushed the average year-to-date return at the stock market...
In from Ali Smart … For states government still struggling to pay salary arrears owed workers in their various states, the Central Bank of Nigeria (CBN)...
In from Ali Smart … Eleven states are to pay 14.83% interest to service their debts, Ripples has learnt. Director General of the Debt Management Office...
The Central Bank of Nigeria (CBN) says that energy companies in the country are indebted to commercial banks to the tune of about N3.673 trillion. This...
Investors in banking and insurance stocks were the worst hit in the downtrend that pervaded the Nigerian stock market last week, with banking and insurance investors...
In from Olumide Olaoluwa … The Federal Government is targeting generation and distribution of 5,000 megawatts of electricity by December. This was part of the outcome...
In from Success Allantee … Nigerian equities again closed in the red yesterday as impressive earnings by first-tier banks failed to quicken investors’ appetite for quoted...
In from Success Allantee …. A leading Cote D’Ivoire’s insurance company, Sunu Assurances Vie Cote D’Ivorie, yesterday completed the acquisition process for 28.2 per cent equity...
In from Success Allantee …. The board of directors of Guaranty Trust Bank Plc has earmarked N7.35 billion as interim cash dividends as the bank released...
The EFCC is looking into how the Nigerian Investment Promotion Commission (NIPC) allegedly granted $4.5 million tax waivers to 20 oil companies which they are not...
In from Ali Smart …. Worried by the new dimension of money laundering across the world, the Central Bank of Nigeria (CBN) has raised the alarm...
In from Success Allantee … Dangote Cement Plc failed to reenact the dramatic change that staved off a negative market position on Tuesday as losses by...
In from Ali Smart… The controversy surrounding the missing N183.7billion from the coffers of the Niger Delta Development Commission (NDDC) is yet to be resolved, Ripples...
Communities in Ikarama oil fields in Yenagoa Local Government Area of Bayelsa State may be at risk of fire outbreak and environmental pollution as the Shell...
In from Success Allantee … The Nigerian stock market broke away from its seven-day consecutive losing streak with a modest gain of 0.68 per cent as...
By Michael Snyder… You can stop waiting for a global financial crisis to happen. The truth is that one is happening right now. All over the...
Zenith Bank opened another phase of its history yesterday with the declaration of its first-ever interim dividend. Shareholders would share about N7.85 billion as interim dividend,...
The fast rising use of communication Apps like WhatsApp and Skype, offering free calls and messaging using the Internet is eating deep into projected revenue earnings...
In from Success Allantee … The Securities and Exchange Commission (SEC) Nigeria’s capital market regulator, is closing four of its seven zonal offices and cutting down...
Flour Mills of Nigeria Plc plans to offer 1.09 billion ordinary shares of 50 kobo each to existing shareholders at N27.50 per share, according to a...
In from Success Allantee … The latest losing streak at the Nigerian stock market entered its fourth consecutive day as increased shares supply and recourse to...
In from Success Allantee … Nigerian equities suffered a third day of consecutive decline yesterday as more investors piled up sales orders, forcing the overall market...
In from Ali Smart … Jaiz Bank has been appointed as the sole collector of Hadaya (Qurbani or animal sacrifice) collections from intending pilgrims to Saudi...
Bank in the country have moved to cut down on the amount of cash customers are entitled to withdraw from Automatic Teller Machines (ATMs) and foreign...
Commercial banks in the country may soon run into troubled waters as President Muhammadu Buhari has ordered all ministries, agencies and departments of government to stop...
In from Success Allantee … Nigerian equities gained more than a double of the best return in the global stock market last week as strong four-day...
After four days of sustained consecutive gains, the Nigerian equities market suffered a relapse on Friday as investors turned round to readjust portfolios and monetize built-up...
Central Bank of Nigeria (CBN) governor, Godwin Emefiele on Friday raised hopes for the revival of the nation’s textile industry when he disclosed, that the apex...
After the naming and shaming of chronic debtors done by some Money Deposit Banks in the country within the week, they have gone step further in...
In from Success Allantee … Turnover at the Nigerian Stock Exchange (NSE) rose considerably yesterday as bargain-hunters and profit-takers scrambled for deals in the fourth day...
In from Success Allantee … The upswing at the Nigerian stock market yesterday gathered momentum as increased demand and obvious scramble for quoted equities pushed the...
In from Olumide Olaoluwa … Senator Hope Uzodimma and former Minister of Finance and Transport, Dr Kalu Idika Kalu, have faulted their inclusion in the list...
In from Success Allantee …. Nigerian equities sustained the upbeat that started this month as increased demand further nudged the modest rally at the Nigerian Stock...
Nigerian equities broke eight-day recession to start the new month on a positive note but the market situation remained cautious and undecided. After a 9.79 per...
The Federal Account Allocation Committee (FAAC) is seeking a speedy review of laws, fiscal regime, licenses and price regime of petroleum products in the country. The...
In from Ali Smart … The Independent Petroleum Marketers Association of Nigeria (IPMAN) has raised the alarm over N2billion fuel trapped in the Capital Oil tank...
In from Ali Smart … Securities and Exchange Commission (SEC) has postponed its hearing on the complaints leveled against BGL Plc by more than 30 investors,...
In from Ali Smart … The Central Bank of Nigeria (CBN) has said that businessmen from Ghana and other African countries are invading the Nigerian foreign...
In from Success Allantee Quoted equities continued to trade in the negative yesterday at the Nigerian Stock Exchange (NSE) in spite of a torrent of corporate...
In from Success Allantee … A new vista opened for the integration of the capital markets in the West Africa with the successful take off of...
In from Success Allantee … United Kingdom and Nigeria have launched a joint investment and development initiative aimed at boosting investment and capital flows between the...
In from Ali Smart … The federal government has vowed to go after importers who enjoyed waivers to import rice but went ahead to exceed the...
In from Ali Smart … The Central Bank of Nigeria (CBN) has appealed to President Muhammadu Buhari to quickly sign three recently passed bills concerning Financial...
in from Ali Smart … As debtor states prepare to cash in their bailout funds from the Central Bank of Nigeria (CBN) in a few weeks time,...
The average year-to-date return at the Nigerian equities market worsened to -11.11 per cent yesterday as corporate earnings reports failed to halt a grueling downtrend that...
Diamond Bank Plc ended the first half of this year with a weak bottom-line as the commercial bank struggled with marginal growth in revenue. The weak...
Foreign investors, who dominated the Nigerian capital market, struck deals worth about N589 billion during the first half of this year, according to the latest report...
