Last week, the Nigeria Stock Exchange (NSE) witnessed three days of bullish reign and two bearish days on Wednesday and Thursday. The market rallied on Friday,...
Bus service company, ABC Transport Plc, has posted a total comprehensive income of N211.411 million at Q4 2019, compared to a total loss of N147.077 million...
Foam manufacturing giant, Vitafoam Nigeria has announced a 127% rise in its after-tax profit for Q4 2019. This and other details of Vitafoam’s financials are published...
Oil prices are feeling the coronavirus effect as the global commodity recorded its worst show in the international market in the just concluded week on the...
Just like last week, the Nigerian bourse recorded two straight bearish sessions this week as investors moved to recoup their investments on Tuesday and Wednesday. There...
The Central Bank of Nigeria (CBN) Friday sent a cautionary note to the Federal Government in respect of the rising debt profile of the country. Godwin...
The Nigerian bourse ended the week on a bullish note on Friday with slight improvement recorded across the major performance parameters. However, a negative market breadth...
The Central Bank of Nigeria (CBN) this afternoon, in the wake of its Monetary Policy Committee (MPC) meeting, retained the Monetary Policy Rate (MPR) at 13.5%....
Consumer goods company, Unilever Nigeria Plc, has declared a N4.224 billion loss for the year ended 31st December 2019. This and other details of its financials are...
The governors of the 36 states of the federation are seeking a reassessment of the payment process of the N614 billion budget support facility, granted to...
Oyo State Governor, Seyi Makinde, on Thursday warned the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, not to meddle in the state local...
The Nigerian Stock Exchange (NSE) recovered from two consecutive days of loss on Thursday with its Key Performance indicators recording notable improvement. However, the market breadth...
Cement manufacturing giant, Dangote Cement Plc, Wednesday obtained the endorsement of its shareholders to launch a share buyback programme that will see the company shrink its...
The Buhari Media Organisation (BMO) on Wednesday faulted the forecasts by the World Bank and the International Monetary Organisation (IMF) on Nigeria’s 2020 economic growth, which...
Profit-taking in some blue-chip equities caused the Nigerian Stock Exchange (NSE) to close in the negative territory as the market shed N2 billion on Wednesday. The...
Infinity Trust Mortgage Bank Plc has announced a 28% upsurge in its after-tax profit for the Full Year 2019. This, together with other details of its...
Oil and gas exploration firm, Lekoil Limited, has announced that it has entered into an agreement with Optimum Petroleum Development Company, operator of Oil Prospecting Licence...
The UK-Africa investment summit was inaugurated Monday in London, teed off by Boris Johnson, the British Prime Minister, in the full glare of 21 African Heads...
Profit-taking in bellwether bank and industrial goods stocks caused the Nigerian Stock Exchange to close in the negative territory on Tuesday with all the Key Performance...
Transactions estimated to be well over N108.427 trillion were consummated across the instant payment and the Point of Sales (POS) platforms in the country in 2019,...
The World Bank has forecasted that the next three years will prove gloomy for Nigeria as growth in the real Gross Domestic Product (GDP) will stall...
Global oil market responded to the escalating crisis in Libya on Monday after a proposed peace talk, intended to bring the shutters down on the country’s...
The Nigerian bourse continued its bullish run on Monday as sustained interest in blue-chip equities added N48 billion to the market capitalisation. A positive market breadth...
Last week, the Nigeria Stock Exchange (NSE) three days of bullish reign and two intervening bearish days on Wednesday and Thursday. The market rallied on Friday,...
Union Bank of Nigeria Plc has announced that all is set for the issuance of its Series 3 and 4 Commercial Paper Issuance. In its notice...
Continental Reinsurance Plc, has delisted its entire 10,372,744,312 ordinary shares from the Nigerian Stock Exchange (NSE), bringing the shutters down on its over twelve years presence...
The Nigerian Stock Exchange (NSE) posted its first two losses for 2020 this week as profit-taking dragged performance down on Tuesday and Wednesday. It rallied on...
Access Bank Plc has expanded into Kenya, to take over Nairobi-headquartered Transnational Bank Plc. A strategic masterstroke by all measure, venturing into Kenya positions the bank...
The Nigerian Stock Exchange ended Friday’s trading in the positive territory as it recorded gains in all its Key Performance Indicators (KPIs).A negative market breadth was...
Economic policies instituted by the Nigerian government are fighting back like a cornered fox. The National Bureau of Statistics (NBS) on Friday released its Consumer Price...
Food company, Flour Mills of Nigeria Plc, has announced the issuance of N20 billion “in medium terms bonds subject to appropriate pricing.” The firm made the...
The Federal Government’s (FG) hope of achieving a seamless implementation of its 2020 budget suffered a set back Wednesday following the release of the Organisation of...
Sustained sell pressure in blue-chip equities led the Nigerian bourse on a step further downward on Wednesday causing the major performance indicators to end in the...
Access Bank Plc, on Wednesday, notified the Nigerian Stock Exchange (NSE), of the nod given it by the Nigeria’s apex bank, the Central Bank of Nigeria...
The share price of the London Stock Exchange (LSE)-listed Nigeria’s oil and gas exploration and production company, Lekoil Limited, suffered a free fall Tuesday, plunging by...
Indications emerged on Wednesday that the completion of the multibillion dollar, crisis-held Ajaokuta Steel Mill project was round the corner as the Nigerian Government unveiled plans...
Profit-taking activities in bellwether stocks accounted for the downturn in the Nigerian equity market Tuesday, ending the more than a fortnight reign of the bull in...
The signing of the Finance Bill into law by President Muhammadu Buhari on Monday has begun to have sweeping reverberations in the public space as the Organised Private...
President Muhammadu Buhari yesterday endorsed the constitution of two committees, with a mandate to deliver the Mambilla power project. The decision is a watershed moment for...
Roughly three months after the presidency transmitted the draft Finance Bill to the National Assembly for legislative scrutiny and approval, final assent came its way this morning as...
Indications emerged on Sunday that the Transmission Company of Nigeria (TCN) will press for the recapitalisation of power distribution companies (Discos) in the country this year....
Throughout last week, the Nigeria Stock Exchange (NSE) recorded a bullish session as both the All Share Index (ASI) and the market capitalisation appreciated each day...
The Federal Government (FG) posted a deficit of N3.73 trillion in its crude oil revenue between January and December 2019, a report from the Central Bank...
Series of bargain hunting actions, targeted at reaping from the potential impressive results of quoted companies boosted the key market indicators of the Nigerian Stocks Exchange...
The rate at which the consuming public borrows money to meet domestic needs and other personal financial obligations may take a plunge this year, a recent...
The Market Capitalisation of the Nigerian stock market crossed the N15 trillion mark today as the listing of the 33.8 billion shares of BUA Cement Plc...
The marriage of two cement subsidiaries under Abdulsamad Rabiu-led BUA Group – Cement Company of Northern Nigeria Plc (CCNN) and Obu Cement Company Limited – into...
The latest report from Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that a total of 19.18 billion litres of petroleum products was imported into the...
Nigeria’s daily oil output shortfall of 80,000 barrels was the biggest among the Organisation of Petroleum Exporting Countries (OPEC) for December 2019 according to ship-tracking data...
Strong indications have emerged that Nigeria’s oil and gas industry may suffer a major setback this year as some International Oil Companies (IOCs) in the country...
