It was an all-week upswing at the Nigerian stock market this past week as investors continued to react positively to steady improvements in corporate earnings in...
To sustain naira gain, the Central Bank of Nigeria (CBN) on Friday pumped in a total sum of $388.66 million into the forex market, about 40...
Nigeria is to push that the oil giant, Royal Dutch Shell, should invest at least half of the proposed $25 billion, which it is planning for...
Minister of Power, Works and Housing, Babatunde Fashola, has disclosed that the Federal Government will employ 47,000 people to fix federal roads across the country. To...
Nigerian equities sustained their rally for the fifth consecutive trading session on Thursday as investors upped demand for large-cap stocks in the banking sector. Benchmark indices...
Central Bank of Nigeria governor, Godwin Emefiele on Thursday said that President Muhammadu Buhari was delighted to hear that the forex market is now stabilising. Emefiele,...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has dissolved the board of directors of Ikeja Hotels Plc. The Commission has appointed an interim...
Apparently worried by loss of huge revenue from the aviation industry, Nigeria has concluded plans to regain some grounds by floating a national carrier before the...
Of the 32 licences issued to qualified investors to build refineries, only seven have been been able to meet the terms of the project. This is...
The uptrend at the Nigerian stock market continued on Wednesday as equities rallied additional gain of N52 billion to cross the N9 trillion mark, the highest...
The much-awaited report of the 2017 Appropriation Bill (budget), may be laid before the Senate in plenary on Thursday and possibly passed into law, Ripples Nigeria...
One of the commercial banks in Nigeria, Ecobank, says it has concluded plans aimed at reducing its workforce and closing down some unviable branches in a...
For failing to sell dollars to small entrepreneurs, not less than 12 commercial banks have been sanctioned by the Central Bank of Nigeria (CBN), as at...
It was almost a war of words as a major shortfall in the 2016 budget was noticed on Tuesday by the joint National Assembly Committee on...
Africa’s richest man, Alhaji Aliko Dangote, plans to invest additional N106 billion in domestic sugar production in the second phase of a backward integration programme (BIP),...
On the back of a gain of N197 billion last week, Nigerian equities continued on their bullish run on Tuesday as investors sustained bargain-hunting transactions in...
The Nigerian Stock Exchange (NSE) on Tuesday delisted one of Nigeria’s oldest companies-UTC Plc and three other companies-Beco Petroleum Plc, MTECH Communications Plc and Mass Telecommunication...
There is a palpable fear among policy makers over speculations that with Nigeria’s oil production outputs coming up to 2 million barrels per day, the exemption...
In apparent acceptance of the criticisms trailing Nigerian government’s ban of some 41 import items from coming into the country, a new move is being made...
While staff affected in a mass sack by the South African telecoms giant, MTN, are yet to recover from the shock, those not affected seem gripped...
Although it is in dire need of gas to boost its electricity supply, Nigeria has continued to flare gas worth $850 million yearly, and this is...
The Federal Government of Nigeria has said it will focus on taxes in 2017 and ensure it is introduced on luxury items, tobacco and alcohol. The...
Nigeria not having a national carrier will continue to see the country lose revenue, estimated at more than $1.5 billion annually, according to stakeholders in the...
An unimaginable constitutional crisis is looming over the 2017 Budget if the National Assembly fails to pass the budget this week, sources close to the legislature...
A political economist, Professor Pat Utomi has blamed Nigeria’s current economic woes on failed knowledgeable leadership by past and current political leaders at all levels. He...
Nigerian equities surged ahead of most global equities in the immediate past week as considerably impressive first quarter earnings by quoted companies quickened investors’ appetite for...
The fear of a possible rise in the current price of premium motor spirit (PMS), also known as Petrol, is becoming more obvious as the price...
The hope of having the 2017 budget ready for President Muhammadu Buhari’s assent by first week of May may not materialize as conflict between the Senate...
In response to the Federal Government plans to license modular refineries to accommodate illegal refineries dotting the creeks of the Niger Delta region before end of...
Nigerian equities continued on the uptrend on Thursday as more quoted companies submitted their first quarter report, showing mostly steady performance. The benchmark indices at the...
The Manufacturers Association of Nigeria (MAN) has described the ECOWAS – EU Economic partnership Agreement (EPA) as a mechanism to make Nigeria a dumping ground for...
Nigeria is among African countries that lose over $50 billion yearly to illicit financial flows through money laundering, tax evasion and other corrupt malpractices, so said...
There has been a renewed surge in activities, and ease in tension at the corporate headquarters of the Nigerian National Petroleum Corporation (NNPC) which has been...
Nigeria’s most capitalised bank and third most capitalised company, Guaranty Trust Bank (GTB) Plc grew pre-tax profit by 64 per cent to N50.4 billion in the...
The underlying positive sentiments at the Nigerian stock market continued on Wednesday but a 3.64 per cent decline in the share price of Dangote Cement Plc...
Governors from a number of states in Nigeria, and their counterparts in China met recently, in Guangzhou, China for the first Nigeria-China Governors’ Investment Forum. Among...
Almost two decades after the Federal Government made its first attempt to pass the Petroleum Industry Bill (PIB), the Senate will on the 16 and 17...
President Muhammadu Buhari has formally written to the National Assembly, seeking its approval to borrow over $12 billion loan. President of the Senate, Bukola Saraki, while...
With increase in Nigeria’s foreign reserves and stability in the naira exchange rate, Nigeria’s recession will be over by third quarter of 2017. The Central Bank...
Following the rise in gross statutory revenue in the month of March by about 14.28 per cent, the Federal Government, states and local governments shared a...
In continuation of its programme, aimed at promoting food security in the continent, the African Development Bank (AfDB), says has it has approved $280 million, from...
The Insurance industry can become a catalyst for economic development if Nigerians can be made to embrace the sector, and deepen their participation. In this way,...
Despite the fact that the Bank Verification Number (BVN) exercise in the country ended in June 2016, the Central Bank of Nigeria (CBN) says it has...
Former Governor of the Central Bank of Nigeria (CBN) Prof. Chukwuma Soludo is certain that Nigeria will soon get out of economic recession regardless of the...
The two major oil producing countries in Africa – Nigeria and Angola – are running neck-to-neck on crude oil exports for June’s loading. Though both countries...
Following reforms by the Presidential Enabling Business Environment Council (PEBEC) the period for the registration of new businesses in the country has been reduced from 10...
After three consecutive weeks of negative overhang, quoted equities opened this week with a strong rally as bargain-hunters scurried to close deals in expectation of first...
The IMF/World Bank Spring Meetings ended in Washington on Sunday with the World Bank’s leadership giving indications that Nigeria’s economic woes were about to end. In...
More facts have emerged on why the Presidency, relieved the Director General of National Pension Commission (PenCom), Mrs. Chinelo Anohu-Amazu, and other commissioners, of their position,...
For the third consecutive week, Nigerian equities traded mostly in the negative as investors sustained a tight balance of profit-taking on the back of the concluding...
