The latest Monthly Financial and Operations Report of the Nigerian National Petroleum Corporation (NNPC) has revealed that Nigerian refineries lost the sum of N376.56 billion between...
Nigeria has marked down the prices of different grades of its crude in an effort to stimulate sales and clear glut after buyers rejected more than...
Nigeria’s principal revenue collection agency, the Federal Inland Revenue Service (FIRS) recorded a tax revenue performance of N338.1 billion in January this year, latest data on...
Statistics released on Sunday by the Nigerian National Petroleum Corporation (NNPC) reflects that it sold around 21.51 billion litres of petrol estimated at N2.64 trillion, indicating...
Lagos-headquartered transnational oil and gas firm, Seplat Petroleum Development Company Plc, Friday announced a final dividend of $0.05 for Full Year 2019 subject to shareholders’ approval at the next Annual...
NASCON Allied Industries Plc has announced a dividend proposal of N0.40 per share for Full Year 2019. The proposed dividend is a steep fall from the N1 per...
In a bid aimed at tightening regulatory controls in the Foreign Exchange (Forex) market and rein in dollar supply, the Bankers Committee has issued a directive...
The Central Bank of Nigeria (CBN) according to a statement that became public Friday, has technically devalued the Naira exchange rate for the dollar on the...
Indications emerged on Thursday that the new petrol price of N125 per litre announced on Wednesday might be reconsidered in less than two weeks. The Petroleum...
The International Air Transport Association (IATA) has noted that the far-reaching economic impact of COVID-19 could cost the aviation industry as much as $434 million (around N159.278...
The House of Representatives Thursday issued a notice, inviting the Chief Executive Officers (CEOs) of some telecommunication firms in the country to appear before it in...
The Independent National Electoral Commission (INEC) on Thursday postponed the bye-elections for some senatorial districts in Bayelsa, Imo, and Plateau States because of Coronavirus. A statement...
Profit-taking efforts in bellwether stocks across the banking, industrial, telecoms and ICT sectors Thursday caused the market to record tremendous loss, easily reversing the modest gain...
After more than three and a half hours of intense deliberations Wednesday, the monthly Federal Account Allocation Committee (FAAC) meeting came to a halt without resolution...
The Federal Government, through its National Electrification Project (NEP), has brokered a deal with the African Development Bank (AfDB) intended at curbing severe power generation challenges...
Following days of losing spell, the Nigerian Stock Exchange (NSE) rallied on Wednesday, posting gains in the neighbourhood of N128.494 billion. Only the Banking Index and...
The latest quarterly report of the Nigerian Electricity Regulatory Commission (NERC) has revealed a wide metering gap among electricity users with 59.74% of the consumer population...
The exchange rates of the US Dollar hovered between N365 and N369 at the Bureau de Change segment of the market on Tuesday. Owing to the...
The Presidential Economic Advisory Council (PEAC) on Tuesday at its meeting with President Muhammadu Buhari recommended reduction in budget size and widening of the nation’s revenue...
Gas flaring activities among oil and gas firms cost Nigeria N521.9 billion (around $1.7 billion) in 2019, the latest statistics by the National Oil Spill Detection...
The Central Bank of Nigeria (CBN) is contemplating a downward review of the lending rate as a buffer against the current economic austerity and as a...
The latest audit report on the Nigerian solid mineral sector, released on Sunday, puts the revenue generated from the industry at N69.47 billion in 2018. According...
Between 20th January and 13 March 2020, the Nigerian stock market shed N3.457 trillion, shedding an incredible 22.6% of its value in less than 8 weeks. Specifically,...
The House of Representatives has put on hold the deliberations on the $22.79 billion credit line request by President Muhammadu Buhari. At the Wednesday sitting, the...
The Ministry of Industry, Trade and Investment in conjunction with the National Automotive Design and Development Council (NADDC) has commissioned has commissioned $1 billion (about N360...
The Naira is currently at the mercy of two economic catastrophes: the ceaseless plunge in oil prices triggered by the untameable COVID-19, and the nation’s shrinking...
Indications emerged on Monday that the African Development Bank (AfDB) had endorsed an outlay of $200 million (around N61.2 billion) for Nigeria to develop its decrepit...
Massive profit-taking especially in blue chip equities led investors to dump large volumes of shares for sale today as the market shed N328 billion. A negative...
Last week, the Nigerian bourse rallied on Wednesday and Thursday after maintaining a losing streak for days. However, all the key market performance indicators closed in...
Global ratings agency, Moody’s, has in its latest review of the 2020 economic outlook for South Africa slashed its growth forecast from 0.7% to 0.4%. The...
Dangote Industries Limited on Sunday promised that its ongoing subsea gas pipeline project would on completion, cut the amount of flared gas in the country considerably...
Nigeria may be heading for its second recession in nearly four years after crude oil prices crashed to $30 per barrel in the international market. The...
Access Bank Plc, has announced a 3.6% growth in its earnings to N97.510 billion at Full Year 2019. This and other highlights of the lender’s performance...
Bargain-hunting in high-cap stocks largely shaped the direction of the market this week as the Nigerian bourse closed in the positive this week, thanks to two intervening...
Recession-plagued South Africa is looking the way of Nigeria’s former Finance Minister, Ngozi Okonjo-Iweala to join an economic think tank that will deliver it from its...
The bear returned to the Nigerian bourse on Friday as sell pressure in blue-chip bank stocks caused key performance indices to end in the red. However,...
Union Bank of Nigeria Plc has reported a 10% increase in its Profit After Tax (PAT) for Full Year 2019 and consequently declared a dividend for the first time...
The Organisation of Petroleum Exporting Countries (OPEC) Thursday agreed to another cut in production adding up to 1 million barrels per day (bpd) among its fourteen...
Stanbic IBTC Holdings Plc, has announced it is proposing a final dividend of N2 per share totalling N21.010 billion for Full Year 2019. This brings the total dividend...
Plans are afoot by the Office of the Auditor General of the Federation and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to conduct...
Zainab Ahmed, the Minister of Finance and Budget Planning, Wednesday said the Federal Government intended to review Nigeria’s 2020 budget in the light of shrinking oil...
Investors’ appetite for bank stocks drove activities in the market Wednesday as the Nigerian bourse recorded gain for the second consecutive day this week. A positive...
Riding on the back of an economic growth that surpassed forecasts in the fourth quarter of 2019 and stimulated expansion in the four years to 2019,...
11 Plc, formerly Mobil Oil Nigeria PLC, is poised to delist from the daily official list of the Nigerian Stock Exchange (NSE). If the move materialises,...
The fiscal ambition of the Muhammad Nami-led Federal Inland Revenue Service (FIRS) took another dimension Tuesday as the FIRS chief declared the service intended to generate...
Respite came the way of investors today as the Nigerian Stock Exchange (NSE) rallied with a N232 billion gain to end the reign of the bear...
Embattled oil and gas exploration and production firm, Lekoil Limited, says it plans to review its internal corporate governance framework in the aftermath of the investigation into the...
The Board of Directors of Transnational Corporation of Nigeria (Transcorp) Plc has said it is proposing a dividend per share of N0.01 for Full Year 2019. The firm had about...
Profit-taking in bellwether stocks caused the Nigerian Stock Exchange to close in the negative territory on Monday, with all the Key Performance Indicators (KPI) ending in...
Guaranty Trust Bank PLC (GTB) has declared it recorded a 6.6% expansion in its after-tax profit for Full Year 2019. This it was able to achieve in...
