Nigerian equities reopened on Monday with a continuing overhang of sell pressure as investors sought to take profits from earlier capital appreciation and readjust their portfolios....
Union Bank of Nigeria (UBN) Plc has concluded arrangements to float its N50 billion rights issue on Wednesday. Application list for the rights issue will open...
It was a downtrend across most major African equities markets last week as investors showed keen interest in advanced economies. From Nigeria to Ghana and South...
Lagos State government was on Saturday severely bashed and condemned by stakeholders as it began implementing a new policy banning inter-state transporters from operating along the...
Nigeria’s Vice President Yemi Osinbajo, during a media chat at the recently held 2017 Nigerian-American Chamber of Commerce SMEs Conference, disclosed that the Federal Government is...
Two leading Nigerian equities-Nestle Nigeria and Dangote Cement on Thursday rallied the equities market to its second consecutive positive closing in spite of continuing selling pressure...
Former President of the United Republic of Tanzania, Benjamin Mkapa has urged Manufacturers in Nigeria to advocate for improved business climate, if Nigeria, through the launched...
Large-cap stocks in the banking and consumer goods sectors rallied the Nigerian equities market to a modest recovery on Wednesday, overriding continuing underlying sell pressure. While...
Africa’s largest cement company and Nigerian multinational-Dangote Cement Plc on Wednesday confirmed that it has indicated interest in acquiring the entire share capital of PPC Limited-a...
The Nigerian National Petroleum Corporation (NNPC) has announced its plans to completely shut down three of its four refineries in order to rehabilitate them to attain...
There are fears among interstate transport companies operating along Ikorodu road of Lagos State and passengers over possible disruption to business and mobility convenience following the...
It might surprise you to to know that there are actually ways to start a business with little or no money. Here are four of such...
Both chambers of the National Assembly are proposing some changes to budgeting in Nigeria, which may be passed into law before end of the year, and...
Nigerian equities depreciated further on Tuesday as investors continued their portfolio realignment and profit-taking in early adjustments for the third quarter corporate earnings. Benchmark indices at...
Diamond Bank Plc has been dragged before the Federal High Court in Lagos by a local aviation firm, Topbrass Aviation Limited, for allegedly breaching a contract...
The Minister of Power, Works and Housing, Babatunde Fashola, has asked the Nigeria Immigration Service (NIS) to probe the Managing Director of Egbin Power Plc, Dallas...
Nigerian equities opened this week with a loss of N100 billion as sell pressure continued to undermine market valuations of several large-cap stocks. Benchmark indices at...
It was a battle of wits at the annual general meeting (AGM) of Oando on Monday in Uyo, Akwa Ibom State as various shareholders’ groups raised...
The Federal Government says it has concessioned the Murtala Mohammed International Airport (MMIA), Lagos and the Nnamdi Azikiwe International Airport, Abuja. According to the tweeter handle...
Suspended Executive Secretary of the National Health Insurance Scheme (NHIS), Usman Yusuf, has been indicted of N919m fraud by the panel set up by the Federal...
Following reports of an ongoing negotiation process for a possible takeover, Arik Air has filed a N20 billion suit against the Nigerian government and Ethiopian Airlines....
The Federal Government says it has saved $150 million this year, hitherto spent on foreign exchange; and N60 billion in budgetary provisions for fertilizer subsidy. Senior...
The Nigerian National Petroleum Corporation (NNPC) has said it is seeking out new measures to expand existing operational portfolio with a view to increasing crude oil...
Securities and Exchange Commission (SEC), Nigeria’s apex capital market regulator, has given Oando the nod to go ahead with its annual general meeting as scheduled for...
Nigerian equities sustained a second day of consecutive rally on Thursday with a net capital gain of N175 billion as a scramble for large-cap stocks lifted...
All commercial banks in the country used by operatives of the now collapsed ponzi scheme popularly known as MMM (Mavrodi Mondial Movement), will soon be exposed...
The Nigerian Ports Authority (NPA) has disclosed that it had secured approval for the transportation of cargoes via the country’s waterways in order to decongest the...
After five days of successive decline, gains by many highly capitalised stocks rallied the Nigerian equities market to a rebound. Despite broad underlying profit-taking, Nigerian equities...
The Statistician-General for the Federation and the National Bureau of Statistics (NBS) Chief Executive Officer, Dr Yemi Kale, on Wednesday said reports that Nigeria has exited...
Following the announcement that the country has exited its worst recession, the Manufacturers Association of Nigeria (MAN) believes Nigerians should not expect an automatic impact in...
After losing N117 billion in August, Nigerian equities opened the ninth month with a loss of N34 billion as liquidity squeeze continued to drive sell down...
Nigeria’s economy has finally moved out of recession after it slipped into downturn early 2016, about two years ago. This was disclosed by the National Bureau...
The National Council on Privatisation (NCP) has revoked the concession of the Lagos International Trade Fair Complex. The council, which also approved the immediate commencement of...
Investors in Avon Crowncaps & Containers (Nigeria) Plc risk losing more than N807 million in current valuation of their shares following the suspension of the packaging...
The Nigerian Bureau of Statistics (NBS) has stated that Stanbic IBTC, in the second quarter of this year, facilitated about $589.84 million capital inflow into the...
Oil and gas stocks witnessed a major selloff in August, orchestrating a downtrend that saw Nigerian equities with net capital depreciation of N117 billion during the...
Prudential Plc, one of the oldest insurance companies in the world, has acquired majority equity stake in Zenith Life Assurance Limited. Prudential acquired the majority stake...
The Nigerian National Petroleum Corporation (NNPC) Sunday announced that its continued strategic intervention towards the efficient supply and distribution of petroleum products had triggered a fall...
Analysts expect Nigeria’s inflation rate to decline further when the August 2017 report is released, making it the seventh consecutive month that the country will witness...
There were more advancers than decliners on Thursday at the Nigerian stock market but losses by high-cap stocks in the fast moving consumer goods and banking...
Union Bank of Nigeria (UBN) Plc has received approvals from the Securities and Exchange Commission (SEC) to move forward on raising Tier 1 capital through supplementary...
United States authorities are investigating China Petroleum and Chemical Corporation known as Sinopec over an alleged $100 million bribe paid to some Nigerian officials. Bloomberg is...
For the third consecutive trading session, Nigerian equities on Wednesday traded mostly on the negative side, closing with a net capital loss of N185 billion. The...
The Federal Executive Council (FEC) Wednesday approved the construction of Mambilla Hydro-Electric Power plant at the sum of 5.792 billion dollars. This was disclosed following the...
Prestige Assurance Plc plans to write off its accumulated loss of N776.5 million by cancelling about 1.55 billion ordinary shares of 50 kobo each from its...
For the second consecutive trading session, Nigerian equities on Tuesday traded mostly on the negative side, closing with a net capital loss of N53 billion. With...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange (NSE) have granted pre-merger approvals to the world’s largest brewer, Anheuser-Busch...
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced that it will be distributing a total of N6 billion as interim dividend for...
The Management of ASO Savings & Loans Plc says it is focused to recover its assets, and lawfully pursue its claims from an aggrieved ex management...
A total of 55 top management staff of the Nigerian National Petroleum Corporation (NNPC) were on Tuesday either dropped or redeployed in a major shake-up. According to Ndu...
