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...
President Muhammadu Buhari has assured that the new policy initiatives under his administration will ease the process of doing business in the country. Buhari spoke on...
Guinness Nigeria Plc and Diageo Plc have reached agreement on the sale of the distribution rights to Diageo’s international premium spirits (IPS) brands in Nigeria to...
Alhaji Aliko Dangote’s Dangote Industries Limited (DIL) has entered into a definitive agreement to repurchase the former Dangote Flour Mills Plc, now re-branded Tiger Branded Consumer...
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...
Concerns about the risk profile and income outlook of Nigerian banks coloured the overall market performance at the Nigerian stock market last week as investors re-priced...
In from Ali Smart . . . The Minister of Finance, Mrs Kemi Adeosun has impressed on ministries and departmental agencies (MDAs) the need to remit...
After two successive declines, Nigerian equities witnessed considerable bargain-hunting activities on Thursday as investors scouted for considerably undervalued banking and consumer goods stocks. Benchmark indices at...
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...
The burden of the fine slammed on Telecommunications Company, MTN Nigeria by sector regulator, Nigerian Communications Commission (NCC) is not totally reduced yet as the company...
in from Success Allantee . . . FBN Holdings Plc has reached agreement to sell its microfinance subsidiary-FBN Microfinance Bank Limited, to Letshego Holdings Limited 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...
South African telecommunications company, MTN, have been able to reduce its fine burden imposed by the Nigerian Communication, NCC, as the Nigerian regulator has reduced the...
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,...
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...
in from Ali Smart . . . The federal government has approved the establishment of an Efficiency Unit (E-UNIT) in the Federal Ministry of Finance to...
In from Ali Smart The nation has been spared labour unrest for some time now. But that may soon change as may soon change if governors...
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...
A dividend of N4.8bn has been approved by shareholders of Guinness Nigeria Plc, a subsidiary of Diageo Plc, for the period ended June 30, 2015 with...
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...
Black Friday is a day of bazaar sales, where sales outlets display goods to interested customers at best bargain prices unlike any other day. It has...
Six months down the line, even with a newly constituted team, opinions are divided as to whether the President Muhammadu Buhari-led administration has what it takes...
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...
For the first time in about six years, the Central Bank of Nigeria (CBN) in a surprising move on Tuesday cut benchmark interest rate to 11...
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...
Jetvan Automobiles, authorized dealers of Mercedes Benz Sprinter vans, on Monday, opened the doors of its ultra-modern showroom and workshop located in the Lekki-Epe axis of...
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...
