Nigeria’s inflation rate climbed to 11.85% in November 2019, up from the 11.61% recorded in October 2019. The change represented a 0.24% increase. The National Bureau...
Nigerians’ appetite for imported used vehicles (popularly called Tokunbo) has not diminished as the nation spent a whopping N509.8 billion importing them between January and September...
Nigeria’s foreign reserves has continued its free fall, declining from $39.8 billion to $39.24 billion between 11 November and 13 December this year, the latest data...
The Nigerian National Petroleum Corporation (NNPC) has revealed that its three refineries posted losses, amounting to N111.27 billion between January and September this year. The details...
Blue-chip stocks dominated the gainers’ list today, causing the Nigerian bourse to end on a bullish note with positive results recorded across its key performance parameters....
A bill seeking to take the obligation of road construction, maintenance and rehabilitation from the Federal Government is currently under consideration at the Senate. If passed...
Indications emerged on Sunday that President Muhammadu Buhari might sign the 2020 budget into law on Tuesday. Reports gathered from National Assembly sources suggest the presidency...
The office of the Auditor-General of the federation has unearthed alleged series of irregularities in the award, implementation and payment of a contract worth N7.5 billion...
The Nigerian stock market recorded poor performances across its key market indices this week owing to series of profit-taking activities by investors. The bear was dominant in the...
The country’s merchandise trade expanded by 6.85% in the third quarter of 2019 relative to the second quarter, the National Bureau of Statistics (NBS) has revealed....
The Nigerian Stock Market (NSE) closed the week in the negative territory today as key market indicators performed woefully. Profit-taking in some blue chip stocks caused...
The International Monetary Fund (IMF) on Thursday announced that oil-dependent economies like Nigeria’s continued to perform worse than countries dependent on other exports. According to the...
The Nigerian Stock Exchange ended trading on a positive note Thursday as the key market indicators recorded notable improvement. The All Share Index (ASI) closed higher...
Independent oil and gas firm, Seplat petroleum has completed a bridge facility refinancing process aimed at full acquisition of Aberdeen-based upstream oil and gas exploration company,...
A committee headed by Kayode Fayemi, the Chairman of the Nigeria’s Governors’ Forum, has begun preparation of a plan that will bestow full control of solid...
Nigeria’s power generation and distribution companies have warned of the possibility of a blackout all over the country, if the Federal Government fails to grant their...
Kwara State Governor AbdulRahman AbdulRazaq said on Monday he would have inherited an empty treasury if the account of the state government had not been frozen...
The Peoples Democratic Party (PDP) leadership insisted on Monday that the conduct of its affairs follows rules and procedures as provided in its constitution. The party...
The bearish run that started last Monday entered its sixth day today as the Nigerian bourse recorded a negative market breadth at the close of trade....
President Muhammadu Buhari Monday appointed Muhammad Nami the new Chairman of the Federal Inland Revenue Service (FIRS) following the expiration and non-renewal of the tenure of...
The Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI), Mr. Waziri Adio, said on Monday the Federal Government has launched the Open Treasury Portal...
President Muhammadu Buhari on Monday appointed Mohammad Nami as the new Chairman of Federal Inland Revenue Service (FIRS). He replaced Babatunde Fowler whose tenure ends on...
Ahmed Kuru, the Managing Director and Chief Executive Officer of the Asset Management Company of Nigeria (AMCON) has ascribed the high incidence of airline failure in...
The Nigerian stock market was gloomy all through last week with bearish run taking its course Monday through Friday. The two key market performance indicators simultaneously...
The Senate, through its president Ahmad Lawan, has promised to commence work on the Petroleum Industry Bill (PIB) the moment senators resume work in January 2020....
The Nigerian bourse posted lacklustre performances across its key market indices this week. The All Share Index (ASI) slumped by 0.54% to 26,855.52 basis points from the 27,002.15 recorded...
The Nigerian Stock Exchange (NSE) completed a week of bullish run Friday as the market recorded a negative market breadth again. The All Share Index (ASI)...
Saudi Arabian national petroleum and natural gas company, Saudi Aramco, has successfully completed its Initial Public Offering (IPO), where it raised a record $25.6 billion (£19.4bn)...
Nigeria is now among the top new countries using bitcoins, the latest edition of “The Nigerian Banker,” a journal of The Chartered Institute of Bankers of...
Payment of online tax on products bought on the internet through eCommerce platforms and delivered to customers may start in January 2020, the Federal Inland Revenue...
The Nigerian bourse recorded a negative market breadth for the fourth straight day this week as profit-taking activities held sway throughout Thursday trade. The All Share...
There are possibilities that electricity tariffs might escalate to new heights according to Sale Maman, the Power Minister. He said this on a phone-in radio programme...
Global credit rating service, Moody’s Investor Service, gave a gloomy outlook of Nigerian government’s ratings on Wednesday, changing the prospects from stable to negative, in a report...
Four revenue-generating agencies, including the Nigerian National Petroleum Corporation (NNPC), the Federal Inland Revenue Service (FIRS) and the Department of Petroleum Resources (DPR), failed between them...
Wednesday, the Nigerian bourse recorded a negative market breadth for the third time this week as the key performance indicators went lower. The All Share Index...
According to the Central Bank of Nigeria (CBN), the nation’s spending on commodities: rice, wheat, fish and sugar reached N1.3 trillion in the last one year....
Banking stocks were the most preferred stocks Tuesday as the Nigerian bourse closed on a bearish note for the second consecutive day this week. The All...
The National Bureau of Statistics (NBS), in its latest report, has revealed that the volume of electronic transactions recorded by banks between July and September this...
Independent oil and gas firm, Seplat Petroleum Development Company Plc, is now set to complete the acquisition process of Aberdeen-headquartered upstream oil and gas exploration company,...
Profit-taking in some blue-chip stocks precipitated a fall in market capitalisation today as the Nigerian bourse opened the week on a bearish note. The market capitalisation...
Owing to perceived implications of the proposed Finance Bill on the economy, the Organised Private Sector (OPS) is prodding President Muhammadu Buhari to decline his approval...
Just as it did at Full Year 2017, agro allied firm, FTN Cocoa Processors Plc has announced a Loss After Tax for FY2018, this time in...
Last week, the Nigerian bourse posted more positive performances on daily basis than it did negative results, causing the week to end on a positive note....
The Nigerian bourse recorded some positive performances across its key market indices this week. The All Share Index (ASI) rose marginally by 0.04% to 27,002.15 basis...
California-based global oil giant, Chevron, has formally initiated the sale of its interest in its Nigerian offshore exploration, comprising two hydrocarbon blocks. The proceeds from the divestment...
The Nigerian bourse posted a positive market breadth again today to end the week with a bullish as blue chip stocks led gainers. Improvements were recorded...
First City Monument Bank (FCMB) Group Plc has posted a 4.85% slide in Profit After Tax (PAT) for the nine months ended 30 September, 2019 compared...
The Nigerian bourse posted a positive market breadth again today to end the week with a bullish as blue chip stocks led gainers. Improvements were recorded...
A massive interventionist gesture from a foreign body, in some way the greatest in the history of the nation’s power transmission history in recent years, came...
The Nigerian bourse made a bullish recovery Thursday afternoon after the bear held sway for two days, thanks to gains recorded by some blue chip stocks....
