Investors in the Nigerian equities market ended the week with a N52 billion gain on Friday. This followed an increase in the share price of GUINNESS,...
In the first trading session after the country’s Democracy Day celebration, investors in the Nigerian equities market gained N114 billion at the end of business on...
The Nigerian National Petroleum Company Limited (NNPC) has filed a motion in the High Court of the Federal Capital Territory (FCT) in Abuja to discontinue lawsuit...
The Federal Government has requested a $500 million loan from the World Bank for the development of rural roads and agricultural marketing. This fund is expected...
Following the revocation of the operating license of Heritage Bank Plc and the lingering worries on the health of other four banks in the country, the...
The Naira traded N1, 473.66 to a dollar at the official market on Tuesday. Data from the official trading platform of the FMDQ Exchange showed that...
Fidelity Bank was the most active stock on the Nigeria capital market on Monday as a strong positive sentiment led the bourse to gain N324 billion...
The income generated by the Federal Government through the Company Income Tax (CIT) fell to N984 billion in the first quarter of 2024. The National Bureau...
Investors in the Nigerian equities market lost N92 billion at the close of trading on Tuesday. This followed a dip in the share price of NASCON,...
Guinness Nigeria has announced Tolaram, a Singaporean firm as its new owners after signing an agreement to acquire United Kingdom enterprise, Diegeo’s 58.02 per cent shareholding...
The plans of Fidelity Bank Plc to acquire and recapitalize Union Bank, United Kingdom has gotten the backing of Afrexim Bank as the multilateral financial institution...
The Central Bank of Nigeria (CBN) has dismissed rumors of plans to revoke the operating licenses of Fidelity, Wema, Polaris, and Unity Banks. According to the...
The week got off to a positive start for investors in the Nigerian equities market on Monday June 10, 2024 as they raked in a massive...
The Nigerian Governors’ Forum (NGF) has proposed import or export of power from the national grid or between states. The Forum recommended the development of policy...
Investors in the Nigerian capital market endured a mixed basket of trading gaining on one occasion and losing on four occasions. The Nigerian bourse closed the...
By: Babajide Okeowo Nigeria’s expenses on motor spirits (also known as fuel) and lubricants (processed) soared to N4.39 trillion in the first quarter of 2024. According...
France, Spain, The Netherlands, India, and the United States have emerged as the top five export destinations for Nigeria in the first quarter of 2024,...
Pay TV provider, MultiChoice Nigeria, owners of DSTV, GOTV has kicked against the N150m fine slammed on it by the Competition And Consumer Protection Tribunal (CCPT)...
The International Monetary Fund (IMF) has projected Nigeria’s economy to rise to at least $1.85 trillion in terms of Purchasing Power Parity (PPP) by 2029. PPP...
Investors in the Nigerian equities market went home with N49 billion at the end of trading on Friday. This followed an increase in the share price...
The Competition and Consumer Protection Tribunal has slammed Pay-TV operator, Multichoice Nigeria, owners of DSTV, GOTV, a ₦150 million fine for disputing the court’s jurisdiction. This...
African Export-Import Bank (Afreximbank) has disbursed an additional $925 million to the federal government of Nigeria under the syndicated $3.3 billion crude oil-backed prepayment facility sponsored...
Investors in the Nigerian equities market lost N84 billion at the end of trading on Thursday. This followed the dip in the share price of May...
Fidelity Bank Plc is set to raise ₦127.1 billion by way of Rights Issue to existing shareholders and a Public Offer. The combined offer is part...
Investors in the Nigerian equities market gained N132 billion at the end of trading on Wednesday. This followed an increase in the share price of ETERNA,...
A former deputy governor of the Central Bank of Nigeria (CBN), Kingsley Moghalu, on Wednesday described the recent revocation of the banking license of Heritage Bank...
The Managing Director of the Nigerian Deposit Insurance Corporation (NDIC), Bello Hassan, said on Wednesday depositors of collapsed Heritage Bank Plc would receive their deposit within...
United States lawmakers are urging President Joe Biden and top officials to take immediate action to secure the release of Tigran Gambaryan, a Binance executive and...
Despite constant denials that it was no longer subsidizing fuel, the Nigerian government has finally admitted that fuel subsidy will gulp N5trillion in 2024. This figure...
Financial expert, Bismarck Rewane has called on Nigerian labour leaders to reassess their wage increase demands, warning that high wage hikes could lead to widespread job...
The Naira traded at N1,476.95 to a dollar at the official market on Tuesday. Data from the official trading platform of the FMDQ Exchange revealed that...
Investors in the Nigerian equities market lost N38 billion at the close of trading on Tuesday. This followed the dip in the share price of TANTALIZER,...
Following the revocation of the operating license of Heritage Bank Plc by the Central Bank of Nigeria on Monday, Peter Obi, the Labour Party’s presidential candidate...
Nigeria’s newly built Dangote refinery, boasting a massive 650,000 barrel per day capacity, is facing a critical challenge according to Aliko Dangote, chairman of the Dangote...
After a week of consecutive gains, the equities market opened the week with a trading loss of N102bn on Monday, June 3, 2024 as the strike...
Following the revocation of the license of Heritage Bank by the Central Bank of Nigeria (CBN) on Monday, the Nigerian Deposit Insurance Corporation (NDIC) has resolved...
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, said on Sunday the Federal Government is willing to provide up to N1 billion...
The Central Bank of Nigeria (CBN), Monday revoked the banking licence of Heritage Bank Plc with immediate effect. A statement by the Ag. Director, Corporate Communications...
Amidst the crippling inflation driven by rising cost of food items across the country, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun,...
Investors in the Nigerian equities enjoyed a positive trading week last week enjoying five consecutive days of positive trading. They smiled home with a profit of...
In a move geared towards the diversification of Nigeria’s economy, the Federal Government has moved to establish six mineral centres in the six geo-political zones of...
The Joint Ministerial Monitoring Committee (JMMC) of the Organisation of Petroleum Exporting Countries and its allies (OPEC+) has pegged Nigeria’s crude oil production quota for 2025...
The International Air Transport Association (IATA) has confirmed that about 98% of airlines trapped funds amounting to $831m in Nigeria has been successfully repatriated by the...
Real estate cash flow refers to the net amount of money generated by a real estate investment property over a specific period, typically monthly or annually....
The Minister of State for Agriculture, Aliyu Abdullahi, said on Saturday the Federal Government would transform the dairy value chain in the livestock sector for sustainable...
The Director-General of the Manufacturers Association of Nigeria (MAN), Segun Ajayi-Kadir, has urged organized labor to return to negotiations over the minimum wage. This follows the...
The Federal Government has suspended the $300 helicopter landing levy collection by the concessionaire. The Head of Press and Public Affairs in the Ministry of Aviation...
Investors in the Nigerian equities market posted a N13.7 billion gain at the close of trading on Friday. This followed an increase in the share price...
Agora Policy, a think tank, has called for an alignment in the Federal Government’s monetary, trade, and fiscal policies. The think tank identified fiscal discipline as...
Kimberly-Clark, the maker of Huggies brand of baby diapers and products has become the latest multinational to exit the Nigerian market over the current situation in...
