Nigerian equities rode on the back of gains by highly capitalised stocks to stage a marginal recovery on Tuesday. While there were more decliners than advancers,...
Irked by a court action against the Federal Government by power Generation Companies (GENCOs), the Minister of Power, Works and Housing, Mr. Babatunde Fashola, has challenged...
Nigeria’s second most capitalised financial institution, Zenith Bank Plc will be distributing N84.8 billion to its shareholders as cash dividend for the 2017 business year. In...
Nigeria’s External Reserves hit $46 billion as at close of business Friday, March 9, 2018, exceeding earlier projection of $40 billion, and heading towards the $50 billion mark....
Consumers of alcoholic beverages and cigarettes are set to pay more for the products as President Muhammadu Buhari has approved an amendment to the excise duty...
Investors across the world showed improved appetite for quoted shares in the immediate past week with Nigerian equities ending the week with net capital gain of...
The presidency has revealed that significant progress has been made in its bid to facilitate community-driven oil and gas development in the Niger-Delta region in the...
The Minister of Transportation, Rotimi Amaechi, says contract negotiation is ongoing for the Port Harcourt to Maiduguri rail line, cutting across six states of Imo, Anambra,...
The Lagos Chamber of Commerce and Industry (LCCI) has made its argument against the new controversial Lagos State Land Use Charge (LUC) law, calling for its...
After losing N236 billion in a major contraction on Wednesday, Nigerian equities recovered on Thursday amidst increased bargain-hunting for consumer goods manufacturers and banking stocks. Benchmark...
The management of Dana Air Thursday welcomed the Nigerian government’s decision to carry out a complete audit of its operation. The Federal Government on Wednesday ordered...
A Sterling Bank manager, Mr. Oliver Anidiobi, has been accused of unlawfully converting the sum of N219 million belonging to Ohha Microfinance Bank Ltd. The allegation...
Milost Global Inc, an American private equity firm, is bidding to acquire an overwhelming majority equity stake in ailing Nigerian mortgage firm, Resort Savings & Loans...
Nigerian equities lost N236 billion on Wednesday as profit-taking transactions on large-cap stocks overwhelmed the underlying positive sentiment at the market. While there were more advancers...
The Executive Board of the International Monetary Fund (IMF) on Wednesday, said that though Nigeria’s economy is exiting recession, it is still however vulnerable. It stated...
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said that the large export of crude oil from Nigeria to the United States of...
The Minister of Finance, Kemi Adeosun has hinted of plans by the Federal Government to set up special courts to prosecute tax offenders that fail to...
Nigerian equities remained on the uptrend on Tuesday as large-cap stocks rallied the market to a net capital gain of N35 billion. While there were more...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has directed forensic auditors to proceed with the audit of Oando Plc. Akintola Williams Deloitte, a...
The Nigerian National Petroleum Corporation (NNPC) says that it has been able to bring down the cost of producing a barrel of crude oil to $20....
Nigerian equities market continued on the upward trend as bargain-hunting for dividend-paying stocks spurred a market-wide rally that left investors with net capital gain of N229...
The federal government and the Senate have again presented different narratives as to what is the cause of delay in the passage of the 2018 Appropriation...
The business educational development of Northern Nigeria took a new turn at the weekend when businessman, Aliko DANGOTE donated a N1.2 billion ultra-modern business school structure...
African equities were the major contrarian stocks in global downtrend that dominated trading in the immediate past week with Nigerian equities riding above negative hangover to...
Nigeria’s highest-priced stock-Nestle Nigeria Plc will distribute its entire net profit of N33.7 billion in 2017 as cash dividend to shareholders. The board of directors of...
The Lagos Chamber of Commerce and Industry (LCCI) plans to hold a roundtable to examine contentious areas of the new land use charge law of Lagos...
The National Bureau of Statistics (NBS) report has shown that the total capital importation into the country, comprising of both Foreign Direct Investments (FDI) and Foreign...
Tax evaders risk their names being made public, shamed and prosecuted by the Federal Government starting from March 31, for failing to take advantage of the...
The Dangote Rice Outgrower Scheme in Jigawa State reached a turning point on Thursday when the President of Dangote Group, Aliko Dangote laid a foundation stone...
The National Assembly has passed a Federal Audit Services Bill which seeks to ensure the independence for the Office of the Auditor-General of the Federation. The...
After a topsy-turvy in the first two trading sessions of the week, Nigerian equities broke into a major rally on Wednesday with a gain of N370...
Vice President Yemi Osinbajo has disclosed that American firm, General Electric (GE) is set to invest $2 billion on the Lagos-Kano rail line project, as part...
The Nigeria Communications Commission (NCC) has barred over 750,000 numbers belonging to Vodacom Business Africa (Nigeria) Limited, Swift Telephone Networks and other telecommunication operators over masking...
The Nigerian National Petroleum Corporation (NNPC) and the Kogi State Government have signed a Memorandum of Understanding for the development of a fuel-ethanol processing plant that...
The complaints over shortage of lower denomination of the Naira by citizens may soon end as the Central Bank of Nigeria (CBN) on Tuesday began an...
A report released by the National Bureau of Statistics (NBS) on Tuesday has shown that Nigeria’s Gross Domestic Product (GDP) grew by 0.82 per cent in...
Nigerian equities opened this week with a tight market situation as investors weighed valuations against prospective dividend payouts to determine the direction and degree of their...
Minister of Labour and Employment, Dr. Chris Ngige has promised that the federal government would implement the new minimum wage by the third quarter of this...
The 9th edition of the West Africa Investors’ Conference is set to hold in Abuja and Lagos, to engage and explore growth potential and opportunities in...
Since the Federal Government began the Voluntary Assets and Income Declaration Scheme, (VAIDS) on July 1, 2017, conscious efforts have been made by the Federal Ministry...
The House of Representatives has said that it will on Thursday, resume its sectoral debates, with special focus on the steel sector, and how to revive...
Nigerian equities ended the week with a marginal net capital loss of N25 billion as a first-day upset on Monday overwhelmed subsequent four-day consecutive recovery. Nigeria’s...
The African Export-Import Bank (Afreximbank) has announced the appointment of two staff members to Directorship positions to head its Communications and Events Management Department and Treasury...
Lagos State Governor, Akinwunmi Ambode has said that with the abolition of cash payment in tax remittance and adoption of automated tax system, due to the...
The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has raised concerns that the queues for Premium Motor Spirit (PMS), experienced in some parts of...
A total sum of N635.55 billion has been approved by the Federation Account Allocation Committee (FAAC) to be shared to the three tires of government from...
For the third consecutive trading session, Nigerian equities continued on the upswing on Thursday as investors stepped up bargain-hunting for value stocks. The overall market situation...
Chief Executive Officer (CEO) of 9mobile, Boye Olusanya, has now confirmed reports that the telecommunications company, formerly known as Etisalat Nigeria, will be sold to Teleology...
Speaker of the House of Representatives, Hon Yakubu Dogara, has said that unless interest rates on loans in Nigeria are reduced to make funds accessible to...
Nigeria’s second most capitalised quoted company and most capitalised financial services company–Guaranty Trust Bank (GTBank)– led other highly capitalised banks to rally quoted equities to a...
