May and Baker Nigeria Plc has declared it would offer about N431.309 million in total dividend, translating to N0.25 per share for Full Year 2019. The...
Prices of oil strengthened on Thursday, boosted by a sudden decline in stocks in the U.S., the world’s biggest oil consumer, as the glut in the international...
The Nigerian government has endorsed the sum of N47.2 billion, aimed at lifting power generation in the country by 40 megawatts (mw). Kashimbilla Dam, located in...
The Nigerian Liquefied and Natural Gas (NLNG) Limited has offered, to a consortium of firms, the contracts of its $10 billion Train-7 project, which is envisaged...
High demand for the shares of Mobil and Total was instrumental in the Nigerian bourse’s first gain in four days on Wednesday. The Oil and Gas...
Nigeria’s spending on petrol in the thirteen-month period between February 2019 and February 2020 came to N2.5 trillion out of the total N2.6 trillion expended by...
Sell pressure on the stocks of three of Nigeria’s four biggest companies by market capitalisation —Dangote Cement, MTNN and BUA Cement —led the equity market to...
The Nigerian Economic Summit Group (NESG) stated in its Macroeconomic Outlook Update released on Monday that the economy required stimulus in the region of N10.1 trillion to mitigate...
Saudi Arabia’s vow to slash oil production in June as part of the measures to curb oil surplus at the global market and improve demand lifted...
Neimeth International Pharmaceuticals Plc has reported a loss of N26.055 million for Second Quarter ended 30th March 2020, compared to a profit of N144.476 million posted in...
Oil prices slid by more than 1% Monday morning on account of saturation in the global crude market and worries that the easing of lockdowns in...
Foreign investors in Nigeria, interested in transferring their funds abroad, will not face hurdles in doing so despite the current economic condition, the Central Bank of...
Food-processing giant, Nestlé Nigeria Plc, has reported a N1.651 billion fall in after-tax profit for First Quarter 2020 compared to the relative period of 2019. The comprehensive...
The total amount spent by Nigerians on food in the ten years to 2019 came to over N22.777 trillion, a 75% leap over the figure posted...
For the seventh day in a row, the Nigerian bourse recorded gain at Tuesday’s session as the market added up about N374.945 billion, the biggest single...
Resuming from a 2-day Easter holiday, the Nigerian stock market appreciated by N258.451 billion on Tuesday, marking the fourth daily gain in a row. Today’s positive...
The Financial Reporting Council (FRC) has issued a directive to external auditors to embrace procedures other than the normal ones in obtaining audit proofs so as...
The banking industry will post lower profits this year due to the ravaging impact of the coronavirus pandemic, business intelligence and rating agency, Agusto & Co, has...
Sub-Saharan Africa’s Gross Domestic Product (GDP) will encounter contraction of between 2.1% and 5.1% in 2020 and slide into recession, its worst show in a quarter...
Nigeria and other regional member nations will get emergency credit of up to $10 billion from the African Development Bank (AfDB) to battle COVID-19. Akinwunmi Adesina,...
The Nigerian bourse sustained the fairly positive performance it recorded Tuesday at the end of Wednesday trade with all the key performance indicators ending towards the...
FBN Holdings Plc – the parent company of Nigeria’s oldest bank, First Bank of Nigeria Limited –Tuesday announced it would pay a dividend of N0.38 per share...
The steep decline in activities that have dominated the market in the last couple of days reached a new low Tuesday with Trade Volume tumbling by...
As a measure to shore up its weakening fiscal base and mitigate shocks from the coronavirus pandemic, the Nigerian Government said Monday afternoon it had approached...
Dangote Cement Plc has declared its intention to generate capital of up to N100 billion from the public through corporate bond. Nigerian largest company by market value...
Foreign investments valued at $23.9 billion (over N8.771 trillion) came into Nigeria by way of 22 banks last year, the statistics office has said. The injection...
Nigeria’s erstwhile Minister of Finance, Ngozi Okonjo-Iweala has given her backing to the resolve by African finance ministers to request debt relief from multilateral, bilateral and...
International credit rating agency, Fitch Ratings, has noted in its latest outlook for the Nigerian banking sector that banks across the country face acute threats from...
Between 2nd January and 1st April this year, Nigeria’s foreign reserves declined by $3.02 billion or 7.83%, moving from $38.53 billion to $35.16 billion in between the periods. The country’s...
In spite of the downtrend in market activities spurred by the need for investors to trade remotely in the wake of the coronavirus crisis, the Nigerian...
Commercial Banks across the country are reducing the thresholds for the amount individuals can spend abroad in order to avert hitches that may arise from foreign...
Fund amassed so far from private sector companies, mobilised by the Central Bank of Nigeria (CBN) towards tackling the coronavirus crisis, hit N15 billion in Wednesday....
African Ministers of Finance are seeking debt relief from international lenders to buffer the effects of COVID-19 on national economies within the continent. According to them,...
The Nigerian stock market recorded the second consecutive loss this week Tuesday as profit-taking led the market to close in the negative territory. So far this...
Oil prices plummeted to their lowest levels in seventeen years Monday on the back of a glut-induced fall in demand as the global oil market battles...
The Central Securities Clearing System (CSCS) has adopted full digitalisation in its operations, aimed at checking the disruptive effects of the COVID-19 outbreak on its business....
The International Monetary Fund (IMF) has inaugurated a fund-raising initiative through its Catastrophe Containment and Relief Trust (CCRT) that would enable it provide additional debt service...
The Nigerian National Petroleum Corporation (NNPC) has declared that it has enough petroleum products to serve Nigerians for over sixty days, saying there is no reason...
Nigeria’s Bonny Light is defying the price slash strategy intended to attract buyers just as refineries in India are adopting production cuts and European plans are...
Zainab Ahmed, Minister of Finance, Budget and National Planning Friday said the Nigerian economy might slip into recession in six months, the same day Kristalina Georgieva,...
Pressures from poor availability of the American dollar in the currency market crashed the value of the Naira to N402 against the currency on Friday, the...
The International Monetary Fund (IMF) Friday officially confirmed that the global economy has moved into a recession. Kristalina Georgieva, boss of the Washington-based lender, said developing...
The Central Bank of Nigeria (CBN) Thursday struck a synergy with the organised private sector, headed by the Aliko Dangote Foundation and Access Bank Plc, and...
The Consumer Expectations Survey Report (CES) of the central bank for the first quarter of this year suggests that individual Nigerians as well as businesses are...
Spending on Nigeria’s comatose state-owned oil refineries came to N218.18 billion in 2019, figures from the Nigerian National Petroleum Corporation (NNPC) Wednesday have shown. Port Harcourt...
In a gesture aimed at relieving Nigeria and other members of the International Development Association (IDA) of their mounting debt burden, the World Bank and the International Monetary...
The Central Bank of Nigeria (CBN), at the high point of its Monetary Policy Committee (MPC) Tuesday, gave a bleaker economic outlook for Nigeria and the...
In a concerted campaign to devise legislation aiming to provide timely financial succour to Nigerians in the aftermath of the coronavirus outbreak, the House of Representatives...
Rising from its two-day Monetary Policy Committee (MPC) meeting today (Tuesday), the CBN declared the retention of the subsisting Monetary Policy Rate (MPR) at 13.5% in...
The Federation Account Allocation Committee (FAAC) Monday distributed funds worth N581.56 among the three tiers of government, triggering a 10% decline month on month, and raising...
