Nigerian stock market will reopen its trading floors today amidst lurking selling pressure from profit-taking transactions and expected renewed bargain-hunting as investors expect corporate earnings to...
By Ali Smart Against the backdrop of current economic realities, the Minister of Transport, Rotimi Amaechi, admonished state governments against embarking on new airports projects for...
In from Ali Smart . . . It’s no more news that Nigeria is in dire financial straits and as such, is looking at ways to...
Quoted equities on the Nigerian Stock Exchange (NSE) continued under selling pressure on Thursday as portfolio investors booked profits on leading large-cap stocks. The downtrend orchestrated...
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...
By Ali Smart The probe panel investigating alleged salary scam within the federal civil service has uncovered a total of 23, 306 civil servants and some...
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...
In from Ali Smart . . . The extended labour unions, including the Nigerian Labour Congress (NLC) and Trade Union Congress (TUC) have set machinery in...
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...
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...
In from Success Allantee . . . . In what appeared to be a back-door return of the Commission on Turnover (COT), the Central Bank of...
Nigerian equities continued on their recovery mode as the momentum of activities at the Nigerian Stock Exchange (NSE) rose above recent average. After a dramatic upturn...
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 management of FCMB Group Plc has forewarned investors that the financial services group would report lower earnings for the third and fourth quarters of 2015,...
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...
The Central Bank of Nigeria (CBN) has set machinery in motion to lend funding support to at least one million graduates involved in Micro, Small and...
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...
The value of the naira dropped Wednesday to N295 to the U.S dollar at the parallel market, otherwise known as the black market, Ripples Nigeria findings...
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...
