Nigeria’s highest-priced stock, Nestle Nigeria hit a new high at N1, 200 per share on Wednesday after leading a rally that saw Nigerian equities’ benchmark index...
The Federal High Court in Lagos Wednesday struck out the suit filed by the Federal Government against seven commercial banks accused of breaching government’s Treasury Single...
Nigeria’s external reserve has risen to a two-year high of $31.2 billion even as the naira appreciated to N367.5 kobo at the Investors & Exporters (I&E)...
The Minister of Budget and National Planning, Udo Udoma, on Wednesday disclosed that the Federal Executive Council had adopted the 2018-2020 Medium Term Expenditure Framework, Fiscal...
Globacom Chief Executive Officer, Wale Adenuga and 29 other CEOs have finally appeared before the Senator Hope Uzodinma-led Senate Joint Committee on Customs, Excise and Tariff;...
The Nigerian National Petroleum Corporation (NNPC) has pledged to open its books to greater access and scrutiny, especially by the Office of the Auditor General of...
Nigeria and other sub-Saharan countries will now tap more from free trade agreement under the African Growth and Opportunity Act (AGOA), as President Donald Trump has...
The Federal Government has dropped a suit it filed against seven commercial banks it alleged withheld the sum of $793.2 million in their custody, in breach...
Despite the age long electricity problem and present economic issues in the country, Acting President Yemi Osinbajo (SAN) on Monday, said Nigeria is a place serious...
Nigerian equities reopened on Monday with a strong underlying profit-taking pressure but a counter rally within the consumer goods and industrial goods sectors staved off a...
Afghanistan’s Ministry of Agriculture Irrigation and Livestock has contracted Nigerian company, Cellulant Nigeria, to undertake the process of establishing a market-based input distribution technology. The undertaking,...
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has stated that the corporation owed oil companies cash call arrears for...
Acting President Yemi Osinbajo has hinted at the Federal Government’s plan to further liberalize the power sector to allow for massive investments such that the sector...
The Federal Government has announced a list of 27 industries that will benefit from a tax holiday for at least three years. The exemption follows the...
The business community in the popular Computer Village, Ikeja, Lagos have started computing, well in advance, the volume of investment to be lost if the state...
Investors in Nigerian equities have so far this year accumulated more than N3.65 trillion in capital gains as quoted shares open this week at the Nigerian...
Despite the incentives put in place by the Nigerian Shippers’ Council (NSC) to woo organised private sector to draw from its $1.5 billion loan facility known...
Nigeria is paying a price over the non return of President Muhamnadu Buhari from his health vacation since May 7 2017. The country’s Green Bond climate...
What looks like a healthy rivalry may soon come to play in Nigeria’s downstream oil and gas sub sector, as an indigenous oil major, Forte Oil,...
The police has been ordered to arrest the chief executive officer of Globacom, Wale Adenuga, and 29 others over their refusal to honour Senate’s summons. The...
Any state government that fails to adopt a new strategy in its fiscal policy will no longer get support from the Federal Government, as the era...
Nigerian equities sustained their bullish run for the third consecutive trading session on Thursday as increased demand for quoted shares added N80 billion capital gains to...
The Senate Joint Committee on Customs, Excise and Tariff, and Marine Transport investigating N30 trillion revenue loss in the import and export value chain, has given...
Nigeria’s two largest breweries-Nigerian Breweries and Guinness Nigeria, led the bullish run to sustain the rally at the Nigerian stock market on Wednesday as investors remained...
Former CBN Governor and current Emir of Kano, Alhaji Muhammadu Sanusi II, says that if the Federal Government introduced appropriate sanctions for corruption cases, with the...
Shareholders of Unilever Nigeria Plc can now trade their renounced shares for profit at the Nigerian Stock Exchange as the conglomerate launched its rights issue at...
Authorities at the Nigerian Stock Exchange (NSE) has suspended trading on the shares of indigenous refrigerating and cooling company-Austin Laz & Company Plc over the persistent...
Senate Joint Committee on Customs, Excise, Tariff and Marine Transport, has ordered Globacom to appear before it on Thursday to explain N30 trillion revenue leakage. Ordered...
Though Nigeria expected to witness a slight Economic growth of 0.8 per cent by the end of 2017, it is lesser than projected growth rates in...
Dangote Cement was the most attractive stock on Tuesday at the Nigerian Stock Exchange (NSE) as a major investor snapped up about 2.44 per cent equity...
Nigerian equities reopened on Monday to a strong profit-taking trend as investors turned to take profits on most equities that had seen significant appreciation in the...
Respite may have come the way of 9mobile, as feelers from the consortium of banks it owes $1.2 billon is that they are willing to wait...
Though many had always known that Lagos State dominates tax generation, but the revelation by the Finance Minister, Mrs. Kemi Adeosun, that more than half of...
In keeping with its promise to make financial services easy and accessible to its customers, Keystone Bank Limited on Monday launched an innovative mobile channel enabled...
Barely one month after the Federal Government entered into agreement with two private firms to rehabilitate the Creek Road, Apapa, maritime sector practitioners have announced loss...
There are strong indications that the renewed insecurity in parts of Nigeria may prevent the country from accessing the European Union (EU) €26 billion aid for...
The benchmark index at the Nigerian Stock Exchange (NSE)-the All Share Index (ASI), on Thursday crossed another threshold to 37,000 points as investors netted N175 billion...
The Federal Government Thursday revealed that as early as October this year, it will be sending 2018 budget of about N7.9 trillion to the National Assembly....
With Cameroon joining the league of sub-Saharan African countries producing Liquefied Natural Gas(LNG), there is the fear of stiffer competition between it and Nigeria, as well...
The federal government on Thursday announced that it is suspending crude oil exploration work in the Lake Chad Basin until such a time when security is...
The Federation Account Allocation Committee (FAAC) has stated that the three tiers of government would share N652.229 billion for the month of July 2017. It was...
Poor capital base and dwindling economy have combined to set Africa’s aviation industry backwards, even as Nigeria is said to have suffered $209m loss in 2016...
The Central Bank of Nigeria (CBN) Tuesday, warned that Nigeria’s economy may relapse into a protracted recession, citing the N2.5 trillion budget deficit recorded by the...
The Central Bank of Nigeria (CBN), led by Godwin Emefiele, stood its ground Tuesday at the meeting of the Monetary Policy Committee(MPC), refusing to reduce Nigeria’s...
Suspected militants on Monday vandalised the Trans-Niger pipeline in Ogoniland in Rivers State of the Niger Delta, reducing the Nigerian National Petroleum Corporation (NNPC)’s crude oil production by...
Guinness Nigeria Plc on Monday kick-started its new capital raising and started receiving applications from shareholders, in a bid to raise N39.7 billion in new equity...
The Organisation of Petroleum Exporting Countries (OPEC) wants Nigeria to keep its daily oil output at 1.8 million barrels which is 400,000 barrels less than the...
Nigerian equities set a new year-to-date high on Monday as investors scrambled for blue chips ahead of this week release of most half-year earnings reports. Benchmark...
Nigeria’s economy is expected to grow at a faster rate than South Africa’s in the 2018 fiscal year. This is based on International Monetary Fund (IMF)...
What can be described as a severe cash crunch situation has started hitting Nigerian banks and may worsen unless the Central Bank of Nigeria(CBN) puts urgent...
