The Central Bank of Nigeria (CBN) Wednesday announced it had retained the Loan to Deposit Ratio (LDR) for Deposit Money Banks (DMB) at 65%. LDR measures...
The Nigerian Stock Exchange extended its rising profile for yet another day Wednesday as bargain hunting activities intensified, driving the market northward by a staggering N471...
The Nigerian Stock Exchange (NSE) recorded increase in all its Key Performance Indicators Tuesday as demand for blue-chip equities continued to rise. A positive market breadth...
Oil prices rose by over one per cent on Monday as escalation in the tension between Tehran and Washington, following the assassination of top Iranian commander...
The Nigerian Stock Exchange sustained its bullish run for the sixth consecutive trading day Monday as interest in mid-cap and large-cap equities swelled further, boosting the...
Last week was a good one for investors with the market recording gains in all the four trading days on the back of renewed interest for...
Up to N2.2 trillion was spent by Nigeria on imports from China between April and September 2019, the National Bureau of Statistics (NBS) has confirmed. According...
The Nigerian Stock market opened for four trading days this week with the exception of Wednesday being public holiday observed in celebration of New Year’s Day...
Global oil prices skyrocketed by $3 Friday in the aftermath of the US’s assassination of Iranian commander, Qasem Soleimani. There are growing tensions that the development may...
Africa-focused oil and gas exploration and production company, Lekoil Limited has secured $184 million credit to finance the appraisal drilling and initial development programme activities on...
The Nigerian Stock Exchange ended the week in the positive territory Friday having sustained the bullish run that dominated the market right from Monday. Investors’ appetite...
Analysts at political risk consultancy, Eurasia Group, in a research note published on Friday said oil price could hit $80 per barrel soon, following the assassination...
The total amount of money spent by the Federal Government, through the Nigerian National Petroleum Corporation (NNPC) on subsidising Premium Motor Spirit in December 2019, stood...
The Nigerian Stock Exchange began 2020 on a bright note Thursday as marginal growth was recorded across key performance indicators. A positive market breadth was posted...
Data obtained from the Nigerian Interbank Settlement System (NIBSS) show that the volume of transactions executed by bank customers in the country reached 1.65 million on...
Generally, 2019 was a mixed bag of fortunes and setbacks for the Nigerian capital market, even though many events that shaped the Nigerian bourse were significantly...
The Nigerian bourse ended 2019 on a positive note as key market indicators recorded improved performance. Investors’ huge appetite for blue chip equities caused the All...
Vitafoam Nigeria Plc has posted a massive 296.5% rise in its profit for Full Year 2019. Specifically, the foam products manufacturer posted a profit of N2.387...
Consumer goods manufacturer and distributor, PZ Cussons Nigeria Plc has posted a loss of N1.580 billion for the half year ended 30 November 2019. This and...
The 2019 Disaster Estimates report of Swiss Reinsurance Institute has revealed that global insurance and reinsurance companies accounted for $56 billion out of the $140 billion...
Nigeria flared a total of 276.04 billion cubic feet (bcf) of natural gas in a 13-month period from September 2018 to September 2019, data obtained from...
The Nigerian Stock Exchange (NSE) started this week’s trading on a bright note as investors’ huge appetite for large cap stocks caused Monday session to end...
The Federal Inland Revenue Service (FIRS) has provided a 30-day opportunity for taxpayers in the country to obtain their 2020 Tax Clearance Certificates (TCC) between 2nd...
The Federal Inland Revenue Service (FIRS) recorded a revenue shortage coming to N8.5 trillion within a five-year period from 2015 (when the Buhari administration took over...
The economic report of the Central Bank of Nigeria (CBN) has revealed that the Nigerian economy recorded a total foreign exchange inflow of $58.01 billion between...
The Auditor-General of the Federation, Mr. Anthony Ayine, said on Sunday some Ministries, Departments, and Agencies (MDAs) spent N26.606 billion in 2017 without payment vouchers or...
The cost of doing business in the country has been projected to rise significantly in 2020. The Lagos Chamber of Commerce and Industry (LCCI) gave the...
The Nigerian National Petroleum Corporation (NNPC), together with its joint venture partners in the Nigerian Liquefied Natural Gas Limited (NLNG) including Shell, Total and Eni on...
Nigeria’s largest company by market capitalisation, Dangote Cement PLC, has announced its plan to repurchase up to 10% of its issued share capital. The decision is...
The Nigerian Stock Exchange (NSE) resumed the yuletide break with a significant recovery as notable appreciation in some large-cap and mid-cap stops triggered upward movements in...
The latest data from the Petroleum Products Pricing Regulatory Agency (PPPRA) has revealed that the subsidy per litre on Premium Motor Spirit (PMS) also known as...
Transactions worth N97.32 trillion were executed by bank customers via the instant payment and Point of Sales (POS) platforms between January and November 2019 according to...
A Central Bank of Nigeria (CBN) report has revealed an N88.22 billion plunge in the nation’s earnings from crude oil sales for the month of November...
The Federal Government is aiming to generate a whopping $2 billion in revenue from the multi-billion dollar Escravos Gas-to-Liquid (EGTL) project just as the Nigerian National...
The Federal Competition and Consumer Protection Commission (FCCPC) issued a directive on Tuesday, stopping the current N50 charge on every transaction executed through Point of Sales...
Neimeth International Pharmaceuticals Limited has recorded a Profit After Tax (PAT) of N220.147 million for the financial year ended 30th September 2019. This indicates a leap of...
The latest statistics from the Central Bank of Nigeria (CBN) has indicated that Federal Government’s revenue for the month of November dipped by N388 billion. The...
The Nigerian Stock Exchange (NSE) began the week on a negative note as a number of bellwether stocks, led by telecommunication giant MTNN, recorded price depreciation....
Petroleum products marketer, 11Plc (formerly known as Mobil Oil Nigeria PLC) on Monday announced its plans to acquire the Victoria Island-based Lagos Continental Hotel through its...
The Nigerian stock market was predominantly bearish last week despite the two bullish days recorded by the market on Monday and Wednesday. The two key market...
The Nigerian National Petroleum Corporation (NNPC) said on Sunday, the country crude oil and gas exports rose to $355.93 million in September. This figure was higher...
According to the Central Bank of Nigeria (CBN), the total exposure of Deposit Money Banks to the Nigerian economy climbed up to N22.61 trillion in October....
The Nigerian bourse posted negative performances across its key market indicators this week as profit-taking efforts on the part of investors intensified. The bear maintained a strong hold...
The Nigerian Stock Exchange (NSE) ended the week in the negative territory Friday as profit-taking in some blue-chip stocks dragged the index further down. A negative...
Profit-taking activities caused the Nigerian Stock Exchange (NSE) to post negative performances across its key market indicators at the end of Thursday’s trading, abruptly ending the...
The Nigerian bourse recovered on Wednesday with key market indicators recording improved performance. The All Share Index (ASI) closed at 26,665.73 basis points, rising marginally 0.02%...
Independent oil and gas company, Seplat Petroleum Development Company has completed the acquisition process of Aberdeen-based upstream oil and gas exploration and production firm, Eland Oil...
Washington-based International Monetary Fund (IMF) announced on Tuesday that total global debts soared by $3 trillion to $188 trillion by December 31, 2018 as Nigeria, China and other...
Trading on the floor of the Nigerian Stock Exchange (NSE) closed on a bearish note Tuesday, a clear departure from the positive note on which yesterday’s...
President Muhammadu Buhari has signed the N10.59 trillion 2020 appropriation bill into law. The president signed the budget document into law on Tuesday in the presence...
