Nigerian equities reopened this week with a tinge of profit-taking as investors sought to rebalance their portfolios as the month draws to an end. Benchmark indices...
Nigeria’s second most capitalised quoted company-Nigerian Breweries Plc, is considering making major changes in the composition of its board of directors. A regulatory filing indicated that...
The Nigerian Stock Exchange (NSE) will today-Monday November 27, start trading on N131.65 billion rights issue of Lafarge Africa Plc, giving investors that want to trade...
Vice President Yemi Osinbajo says Nigeria’s external reserves now stands at $35billion, the highest in the past four years. The Vice President made the revelation in...
Amidst widespread calls for probe of earlier support fund releases to states primarily for payment of salaries to workers, the Federal Government said Thursday that it...
An Ad-Hoc Committee of the National Economic Council (NEC) has reported that a number of revenue-generating agencies may have significantly under remitted returns to the Federation...
The Federal High Court (FHC) in Lagos on Thursday removed the temporary reprieve that it granted Oando by declining jurisdiction on the case instituted by Oando...
The market situation at the Nigerian stock market on Thursday turned into a full blown bullish rally with more than two advancers for every decliner. With...
The Nigerian National Petroleum Corporation (NNPC) has secured a total of $3.7bn in Alternative Financing Agreement in the last three years, Group Managing Director of the...
President Muhammadu Buhari has again acknowledged that Nigerians are going through tough economic times, but stated that “the worst is over”. The president stated this on...
After losing N67 billion on Tuesday, Nigerian equities staged a marginal recovery on Wednesday as bargain-hunting transactions in high-cap stocks lifted the market to a gain...
The Federal Government revealed Wednesday that it had approved the constitution of Special Mining Surveillance Task Force with the mandate of monitoring and curbing illegal mining...
The Senate Wednesday revealed that the refusal of some officials of government to honour its invitation for the consideration of templates contained in the 2018 budget was frustrating...
Nigerian equities tumbled on Tuesday as the Central Bank of Nigeria (CBN) concluded its two-day monetary policy meeting and decided to retain the benchmark interest rate...
President Muhammadu Buhari on Monday stated that he is under serious pressure from many Nigerians to set up a national airline. The president however argued, that...
Nigerian equities staged a considerable recovery on Monday as the National Bureau of Statistics (NBS) released its latest economic report showing that the national economy doubled...
According to data released Monday by the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) recorded a growth of 1.40 percent in the third...
Lagos State Governor, Mr Akinwunmi Ambode has said that plans are already at advanced stages to bring constant power supply to all homes and businesses in...
The Federal Government, and Attorney General of the Federation, Abubakar Malami have lamented that 19 banks in the country are frustrating the anti-corruption drive of the...
Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL) have executed the second and final phase of an Alternative Financing Agreement that would increase crude...
A considerable slowdown in global demand for equities, especially emerging and frontier stocks, and concerns over the imminent policy decisions of the Central Bank of Nigeria...
The Federal Government on Thursday directed the Nigerian Electricity Regulatory Commission (NERC) to revert to the former situation where power consumers were allowed to purchase meters...
The International Monetary Fund (IMF) has cautioned that Nigeria should carefully manage its debt profile as it could be worse if nothing is done to cushion...
After two consecutive trading sessions that saw a loss of N241 billion, Nigerian equities rallied back on Thursday as investors sought to take advantage of the...
According to details of the proposed 2018 budget released by the Budget Office of the Federation, President Muhammadu Buhari and Vice-President Yemi Osinbajo plan to spend...
Officials of the Nigerian Ports Authority on Wednesday explained to the House of Reps ad hoc committee that Heritage Bank has refused to remit about $21.3...
The lingering crisis in Oando Plc is far from over as a group of shareholders on Wednesday called on the embattled company’s management team led by...
UAC of Nigeria (UACN) Plc-Nigeria’s largest conglomerate, has opened application list for subscription to its N15.4 billion rights issue, paving the way for shareholders to pick...
Global provider of research-based indexes and analytics- Morgan Stanley Capital International (MSCI), has deleted seven Nigerian companies from its global indices after the companies failed to...
For the second consecutive trading session, Nigerian equities remained under intense sell pressure on Wednesday as investors continued to readjust their portfolios in view of the...
The Abuja Division of the Federal High Court, Wednesday, citing “awkward and unfortunate result”, modified the orders it made on October 17 which directed 19 commercial...
In a move sure to heighten speculations of high-level political motivation, the Federal Government Wednesday, through the Nigeria Immigration Service (NIS), revoked the resident permit of...
The latest National Bureau of Statistics (NBS) report shows that inflation rate in Nigeria has further dropped from 15.98 per cent recorded in September to 15.91...
The Minister of State for Petroleum Resources, Ibe Kachikwu, has said that Nigeria had an obligation to pursue oil exploration in the North-East and other areas...
Nigerian equities recorded its worst decline in seven weeks on Tuesday as low demand combined with considerable profit-taking transactions to shave off N125 billion from market...
The Senate on Tuesday approved a $5.5 billion loan request by President Muhammadu Buhari to finance deficits in the 2017 budget and refinance domestic debts. This...
The Senate, on Tuesday, instructed its standing committees on Finance and Banking, Insurance and other Financial Institutions to probe allegations of unremitted stamp duties revenue, valued...
Foreign investors today at the Nigerian Stock Exchange (NSE) struck a deal for 128.99 million shares of Dangote Cement valued at N27 billion. The deal, which...
No less than $64.63 million electricity debts owed Nigeria’s Government by international customers in its two neighbouring countries, Benin Republic and Niger Republic has been recovered....
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has confirmed that telecommunication giant, MTN Nigeria, has not filed the initial application draft that will...
The Nigerian Senate has concluded plans to make public, names of indicted companies involved in Nigeria’s import and export value chain N30 trillion revenue scam. The...
The Central Bank of Nigeria (CBN) has predicted that the country’s foreign external reserves, would hit $40bn by 2018. The nation’s FX reserve had faced challenges,...
Experts have dampened the optimism that greeted President Muhammadu Buhari’s presentation of the 2018 budget at the National Assembly from some quarters, arguing that it did...
The Nigerian government on Friday signed an agreement worth $5.79 billion with a consortium of three Chinese companies for the construction of the 3,050 megawatts Mambilla...
The Nigerian government says it would channel about N500 billion recovered from its anti-corruption drive towards partly funding the 2018 budget. President Muhammadu Buhari had on...
The Minister of Power, Works and Housing, Babatunde Fashola, says he suspects that there is an ulterior motive in the motion raised by Senator Dino Melaye...
Nigerian equities traded on a tight balance of profit-taking and bargain-hunting on Thursday but the decline in the share prices of Nigeria’s two most capitalised quoted...
Former President Olusegun Obasanjo has urged African leaders and followers to make determined effort towards halting the illicit transfer of the continent’s $50 billion worth of...
The Senate, on Thursday, gave nod to Ogun State to secure a Development Policy Operation (DPO) loan of $350 million from the World Bank. The loan...
The Federal Government has faulted the latest ranking and downgrading of the Nigerian economy from B1 stable to B2 stable by Moody’s Sovereign Rating. The federal...
