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...
President Muhammadu Buhari on Wednesday sent a 2015 supplementary appropriation bill to the Senate for approval. Bauhri wrote the Senate to approve of a proposal to...
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...
Power supply to electricity distribution companies from the Transmission Company of Nigeria (TCN) has dropped to 3,682 Mega Watts (MW). Specifically, it shed 372MW from the...
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...
In from Ali Smart . . . If there is one ministry that would serve as the litmus test for the present administration, it is the...
The Minister for Communications, Mr Adebayo Shittu has made a case for telecommunications company, MTN Nigeria which was slammed with a whopping $5.2 billion (about N1.4...
Nigerian equities turned negative yesterday as investors await clear fiscal and monetary direction from the newly constituted Federal Executive Council (FEC). President Muhammadu Buhari on Wednesday...
In from Ali Smart . . . It does appears more heads may soon roll as the presidency has threatened to sanction the Central Bank of...
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...
If properly harnessed, the abundant coal reserves in the country can be used to create economic prosperity, thousands of jobs and solve the nation’s nagging energy...
The Nigerian Customs Service has generate a total of N747 billion as revenue in the last ten months, Comptroller General, Col. Hameed Ali (rtd) has said....
Guaranty Trust Bank (GTBank) Plc saw unusually large turnover yesterday at the Nigerian Stock Exchange (NSE) as investors staked N7.75 billion on the shares of the...
In from Timothy Enietan-Matthews (Nation’s capital) . . . Skye Bank Plc has become the latest victim of the non compliance with the Treasury Single Account,...
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...
In from Ahmed Boulor . . . Veteran Ghanaian actress Anima Misa Amoah sent tongues wagging when she declared on a monitored radio programme that she...
In from Timothy Enietan-Matthews . . . Independent petroleum marketers, have said that those responsible for the existing fuel scarcity in some parts of the country,...
Piqued by the traffic situation in Apapa axis of the state, attributed to the situation of tank farms and daily activities of petrol tankers in the...
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 from Ali Smart . . . Increasingly, most banks in the country are becoming highly vulnerable these days to the antics of fraudsters masquerading as...
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...
Even as the South African Stock Exchange (JSE) has launched a probe into the N1.4 trillion fine imposed by the Nigerian Communications Commission (NCC) on MTN...
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 reality of Nigeria’s economic woes may have become more glaring, as the Federal Government has massively cut back on the projected growth rate of the...
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...
President Muhammadu Buhari, who is in Delhi, India for the 3rd India-Africa Forum Summit on Wednesday called on Indian businesses and their Chief Executives to expand...
The management of Ecobank Transnational Incorporated (ETI) Plc has said there were looming headwinds ahead and the profit of the financial services holding group might come...
In from Success Allantee . . . Skye Bank Plc grew its top-line by 33 per cent to N129.24 billion in the first nine months of...
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...
The Nigerian National Petroleum Corporation (NNPC) on Tuesday commenced bid rounds for 278 oil companies in attempts to take care of over 20 unsold cargoes in...
Nearly three out of every four stocks that witnessed price changes at the Nigerian stock market yesterday ended in the red as investors continued to react...
Oando Plc recorded a pre-tax loss of N52.03 billion in the third quarter, continuing a string of losses that has significantly impaired the assets and share...
The Financial Reporting Council (FRC) has suspended the registration of four directors of Stanbic IBTC and that of its audit engagement partner, KPMG for what it...
Following a directive by the Central Bank of Nigeria (CBN) which stipulated the use of BVN for all foreign exchange transactions mandatory from November 1st, 2015,...
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...
