The British Government has said it is determined, following its exit from the European Union, to explore more business opportunities in Nigeria. The European country has...
Two in every three deals were closed at discount at the Nigerian Stock Exchange (NSE) on Tuesday but gains recorded by a handful of highly capitalised...
An aircraft belonging to Dana Air on Tuesday evening overshot the runway in Port- Harcourt, Rivers State. Luckily all passengers survived. The passengers were subsequently evacuated...
The Minister of Finance, Kemi Adeosun, has revealed measures the Nigerian Government is taking to stop Illicit Financial Flows out of Nigeria Nigeria. The measures according...
The Asset Management Corporation of Nigeria (AMCON) has taken over Osigwe Foods and Agro Industrial Company Limited, owned by Chief Anselm Kayode Mohammed over some N5...
After staging modest bullish run in the last three trading days last week, Nigerian equities reopened on Monday to a renewed selloff as investors opened up...
The Federal Government through the Ministry of Finance, has announced its decision to ease the rule on new cargo import on palletisation. “All container cargoes coming...
Shareholders of Money Deposit Banks (MDBs) and discount houses in Nigeria expecting dividends for their investments have had their hopes dashed. The Central Bank of Nigeria...
Governor of Bayelsa State, Seriake Dickson, and former President Olusegun Obasanjo have commended President Muhammadu Buhari for granting twenty-two licenses for refineries, one which was being...
By Akin Obakeye When Christine Lagarde, Managing Director, International Monetary Fund (IMF) came to Nigeria in 2016, she urged Nigerians to brace up for harder times,...
The World Bank said it had approved an International Development Association (IDA) Credit and an IDA Scale Up Facility Credit in the total amount of $486...
Nigeria’s largest brewer–Nigerian Breweries Plc– will be distributing a final dividend of N25 billion for the 2017 business year, raising the total payout for the year...
Nigerian equities rallied net capital gain of N155 billion on Thursday as investors continued bargain-hunting for quoted shares ahead of the main earnings season for the...
The Minister of State for Petroleum Resources, Ibe Kachikwu, Thursday directed the Nigerian National Petroleum Corporation (NNPC) to end fuel queues in Abuja before Sunday. Kachikwu...
The Central Bank of Nigeria (CBN) says the country’s foreign reserves has hit $42.8 billion, attributing the steady growth to its policies targeting reduction in importation...
After losing about N1.05 trillion in seven days of consecutive depreciation, Nigerian equities regain their rally on Wednesday with a net capital gain of N166 billion...
The Japan International Cooperation Agency (JICA) has signed a loan agreement with the African Development Fund (ADF) designed to provide an Official Development Assistance (ODA) loan...
Speaker of the House of Representatives, Hon Yakubu Dogara, has called on Swedish investors to invest in Nigeria to create job opportunities for its teeming population....
Latest report released by the National Bureau of statistics, indicates that Nigeria’s inflation rate has dropped to 15.13 percent in January from the 15.37 percent recorded...
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has said that the issue challenging Nigeria’s power sector now is the distribution of power. Fashola...
Governor of The Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, is seeking the consent of the House Committee on Banking and Currency, to proscribe any...
The Lagos Internal Revenue Service (LIRS) has introduced an Electronic Revenue Assurance (ERA) System in the hospitality industry in Lagos State in order to enable strict...
Nigerian equities recorded their highest loss in five months on Tuesday as continuing selloff pulled the market to a net capital loss of N369 billion. Benchmark...
After losing N542 billion last week, Nigerian equities reopened on Monday with a net loss of N140 billion, extending the profit-taking at the stock market to...
The Minister of Finance, Kemi Adeosun, has stated that the Federal Government’s 2018 capital budget of N2.4 trillion would be disbursed as pledged to fund infrastructural...
There appeared to be few safe havens for investors across the world in the immediate past week as global equities sustained deep cut amidst concerns over...
The Chairman of Innoson Group, Innocent Chukwuma, has filed a motion for stay of execution of the arrest warrant issued against him on Friday. A High...
Innocent Chukwuma, Chairman of Innoson Group, has reacted to the arrest warrant issued against him by Mojisola Dada, saying the judge “erred in law” as the Economic...
Apparently not happy with the absence of the chairman of Innoson Motors Limited, Innocent Chukwuma, in court to face his trial, Justice Mojisola Dada, on Friday...
Minister of State for Aviation, Hadi Sirika has expressed fears that airlines in the country have refused to grow due to their own attitude, revealing that...
The Nigeria Labour Congress (NLC) has reviewed its minimum wage demand upwards to now stand at “above N56,000” in its latest presentation to the tripartite committee...
Investors struck N3.84 billion deals for the transfer of about 6.06 per cent equity stake in Sterling Bank Plc Thursday, raising speculations that some major shareholders...
The Nigerian Civil Aviation Authority (NCAA) has set up a four-man probe team to look into the alleged claim that the door of an aircraft belonging...
The Board of the Nigerian Communications Commission (NCC) has approved two additional Infrastructure Company (Infraco) Licences. The two new Infraco licencees are Zinox Technology Limited for...
Worried by the continued scarcity of fuel products in many parts of the country and the accompanying queues, the Nigerian National Petroleum Corporation (NNPC) says it...
Nigerian equities lost N122 billion on Wednesday, bring the total net capital loss for the three consecutive days of price decline to N395 billion. The sustained...
Dr. Oba Otudeko, Chairman, Honeywell Group, through his lawyer, Bode Olanipekun, has indicated his readiness to testify in the ongoing matter between his firm and Ecobank....
The profit-taking at the Nigerian stock market continued on Tuesday for the second consecutive trading session as investors opened up more sell orders to attract bids...
Speaker of the House of Representatives, Hon Yakubu Dogara, has advocated for local refining of crude oil to make fuel available and easily accessible to all...
The Federal Government says it is planning to increase insurance coverage for the agricultural sector from the current 500,000 farmers to 3.8 million farmers. The Managing...
Nigerian equities reopened on Monday with a tinge of profit-taking as investors sought to monetise capital gains after quoted equities surged to a high of N16...
The Minister of Power, Works and Housing, Babatunde Fashola (SAN),has stated, that his counterpart in the Ministry of Mines and Steel, Dr Kayode Fayemi is setting...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Friday in Abuja appealed to the leadership of the Nigeria Union...
Ethiopian Airlines has signed an agreement with Guinea Airlines, for a strategic partnership in management, maintenance and training. Ethiopian Group CEO Mr. Tewolde GebreMariam, Mr. Cheick...
President Muhammadu Buhari has nominated Mr. Edward Lametek Adamu to the Senate for confirmation as Deputy Governor of the Central Bank of Nigeria (CBN). This is...
After it took a dip on Wednesday, high-cap stocks rallied the Nigerian stock market back to the uptrend on Thursday with a modest average gain of...
The Minister of Finance, Mrs. Kemi Adeosun has insisted that the federal government is not paying subsidy on petroleum products in the country. She stated on...
After three consecutive positive trading sessions, investors on Wednesday at the Nigerian Stock Exchange (NSE) turned round to monetise accumulated gains and take profits. A flood...
Low-priced equities, otherwise known as penny stocks, dominated activities on Tuesday at the Nigerian Stock Exchange (NSE) as quoted equities continued their rally for the third...
The Nigerian Ports Authority (NPA) has given Intels Nigeria limited (Intels) a two-week ultimatum to remit an outstanding $48 million that it insists the company ought to...
