Fraudsters posing as stock brokers are said to have invaded the capital market promising shareholders huge returns on investments within a very short time. This is...
Of the 189 country-list of the International Monetary Fund (IMF) on its official website published as the only nations, which the Fund is working with in...
Despite persistent pressure from the International Monetary Fund (IMF) and other institutions on Nigeria to devalue the naira, by floating it, the apex bank says it...
Pressure on commercial banks in Nigeria to meet obligations on foreign exchange purchase on Friday raised the interbank lending rate by 20 per cent, hitting 70...
Less than 24 hours after two Air Peace aircraft collided at the Murtala Muhammed airport Lagos, a Port Harcourt bound Dana aircraft lost one of its...
President Muhammadu Buhari has nominated Prof. James Momoh for the position of Chairman of the Nigerian Electricity Regulatory Commission (NERC). The President’s nominee to the Senate...
Nigerian equities suffered a relapse on Thursday as uncertainties over macroeconomic outlook and early earnings warnings continue to drive transactions at the Nigerian Stock Exchange (NSE)....
The Federal Government says it is anchoring Nigeria’s exit from recession on the possibility of diversifying its mono economy as to have non-oil sector cater for...
Some of the 15 directors of the 20 Micro Finance Banks (MFBs) and two directors of Deposit Money Banks (DMBs), indicted by a special task force...
Nigerian equities staged a modest recovery on Wednesday as bargain-hunters returned to the market to take advantage of the recent depreciation in share prices. The modest...
Any progress that makes availability of dollars in its economy temporarily possible can only be sustainable, if a more definite reform policies are put in place...
Unless more efforts are channeled towards enhancing growth of its human capital, Nigeria may not be among the first 50 countries of the world on the...
As a result of dwindling investment returns from one of its subsidiaries, Dangote Flour Mills, the Dangote Group has decided to sell its noodles business to...
Another crisis is brewing in the power sector, as the supervising ministry directs the Nigerian Electricity Regulatory Commission (NERC) to set a minimum recapitalisation base for...
Nigerian equities reopened after the Easter Holiday on Tuesday to a major selloff as investors sought to reduce shareholding concentration in large-cap stocks. With highly capitalised...
Ecobank Transnational Incorporate (ETI) recorded a net loss of N52 billion in 2016 as the group took a decision to completely clean its books of non-performing...
Complaints from a cross section of small and medium-size Enterprises (SMEs) that bureaucracy is hindering their access to foreign currencies has seen the Central Bank of...
Do you know you are in a better position if you are financially intelligent? Financial intelligence has a huge role to play in homes, relationships, businesses...
The recent move of the Central Bank of Nigeria (CBN) to frequently pump in foreign exchange into the Nigerian market seems to be paying off even...
The Nnamdi Azikiwe Airport, Abuja was reopened to the public on Tuesday, following its shutdown six weeks ago to effect repairs on its runway. Ethiopia Airline...
After the scheduled due diligence on the ongoing rehabilitation at the Nnamdi Azikiwe International Airport Abuja, on Tuesday by the Nigerian Civil Aviation Authority (NCAA), the...
An indigenous oil firm, Oranto Petroleum, has entered into a major oil investment drive, worth $500 million in South Sudan, which is to lead to developing...
The Senate has commended the Nigerian National Petroleum Corporation (NNPC) for responding to the motion moved during a plenary session by Senator Kabiru Marafa, chairman, Committee...
As part of efforts towards fulfilling the ease of doing business agenda, the Federal Government, through the Presidential Enabling Business Environment Council (PEBEC), has approved the...
Despite promises by the Federal Government that there would be favourable competition between the non-oil and the oil and gas sectors, Nigeria has continued to record...
Nigerian equities closed the week with average week-on-week decline of 0.92 per cent, equivalent to a loss of N82 billion as investors sought to take profit...
The World Bank has ranked Nigeria in fourth position among West African countries in its Global Trade Logistics Performance Index (LPI) for 2016. Leading the pack...
Governor Okezie Ikpeazu of Abia State has taken the promotion of made-in-Aba products to Guangzhou, China, to draw in investors. The governor, according to a statement...
The revelation by the Minster of Industry, Trade and Investment, Okechukwu Enelamah, that Nigeria’s Federal Government alone spends over $170 million yearly to import tomatoes has...
Vice President Yemi Osinbajo has said that President Muhammadu Buhari’s administration is hopeful of replicating the success it has made in the area of security and...
Nigerian equities continued on the uptrend on Thursday, sustaining a two-day rally that has seen average net daily capital gain at about N5.5 billion. Against the...
Few weeks after the Nigerian National Petroleum Corporation (NNPC) announced measures to achieve full recovery of over 130million litres of premium motor spirit (PMS) worth N11billion...
The Senate, on Wednesday, declared that over N30 trillion has been round tripped by virtually all the commercial banks in the country from 2006 till date...
After three successive negative trading sessions, Nigerian equities staged a rebound on Wednesday as bargain-hunters returned to take advantage of low share prices. The market situation...
In the same manner that education and training equip an individual for success in life, so does financial literacy enhance sound financial decisions and lifetime financial...
Nigeria tops list of countries in African yet to implement the United Nations Environment Programme’s (UNEP’s) ban of contaminated fuel, otherwise known as toxic fuel into...
President Muhammadu Buhari, Wednesday, forwarded a list of nominees to the Senate for confirmation as Non-Executive Directors of the Board of the Central Bank of Nigeria...
The Central Bank of Nigeria (CBN) has issued a directive to all deposit money banks to fulfil remittances of five per cent profit after tax (PAT)...
Despite the new CBN policy on stemming the sliding tide of the naira against the dollar, the local currency on Tuesday maintained a 1.2 per cent...
The streak of downtrend at the Nigerian stock market continued on Tuesday as investors sought to readjust their portfolios and lock in profit. After losing N42...
The Nigerian Stock Exchange (NSE) has alerted the investing public on the inability of 11 quoted companies to submit their annual reports within the stipulated period....
In its bid to finding lasting solution to the dwindling fortune of the naira, the Central Bank of Nigeria CBN) has revisited its foreign exchange market...
More revelation have emerged in the Malabu oil deal scam which has overtime continued to dominate newspapers headlines in Nigeria. Anglo-Dutch oil giant, Royal Dutch Shell,...
The Minister for Power, Works and Housing, Mr. Babatunde Fashola, has urged all stakeholders in power sector to ensure total compliance to all conditions in their...
Africa’s richest man and Nigerian billionaire, Alhaji Aliko Dangote on Monday celebrated his 60th birthday with a promise to list all his companies on the stock...
Nigerian stock market traded mostly on the negative on Monday as quoted equities reopened to a tinge of profit-taking. There were nearly three losers for every...
Almost a year after a major Nigerian National Petroleum Corporation (NNPC) owned oil facility, the Mosimi oil Depot, near Ogun State, was put out of use...
Enugu State’s Governor Ifeanyi Ugwuanyi and other officials of the state recently met with the Foreign Commercial Service of the United States Diplomatic Mission to Nigeria....
The policy of the Central Bank of Nigeria restricting forex for 41 items has taken a negative toll on businesses in Nigeria’s maritime industry, particularly the...
Nigerian equities traded last week with widespread positive sentiments as investors appeared to show stronger appetite for quoted companies, most of which had just released their...
