Transnational Corporation of Nigeria (Transcorp) Plc recorded a pre-tax loss of N5.93 billion in 2016 as the conglomerate struggled with ballooned finance costs and foreign exchange...
A more gory picture of the Nigerian economy was Thursday painted by Charles Soludo, Nigeria’s former Central Bank governor. Speaking at the ‘Big Ideas Podium’ an...
Though Nigerians have so far lost about N18bn by subscribing to the Ponzi scheme, popularly known as Mavrodi Mundial Movement (MMM), greater number are still patronising...
One of Africa’s biggest mobile phone operator, MTN Group, has suffered its first annual loss in revenue projections in two decades, due mainly to a fine...
Nigeria is to witness introduction of an entirely new set of bonds in its financial instrument market from March 13 2017, which is to target low...
The Federal Government has approved the appointment of two new directors for the Accident Investigation Bureau (AIB) to replace some of those sacked recently. They are...
The modestly positive underlying sentiment at the Nigerian stock market gave way to major selloff on Wednesday as investors appeared to be unexcited by the corporate...
The leadership of National Agency for Food and Drug Administration & Control (NAFDAC) and the Standards Organisation of Nigeria (SON) have committed their agencies to new...
Policy inconsistency, and lack of continuity from one administration to another cost Nigeria a whooping $6.3 billon annually. According to a report by the African Tropical...
The Nigerian Government says there are indications that the Nigerian economy is well on its way out of recession considering the 2016 overall and last quarter...
The Federal Inland Revenue Services (FIRS) has sealed up some private owned firms in Kano, including Kabo Airlines, Monaco Ventures Limited and Paki International Motors. The...
The underlying sentiment at the Nigerian stock market was broadly positive on Tuesday but losses by a handful of highly capitalised stocks overshadowed the overall market...
Nigeria’s most capitalised company and the cash cow of Africa’s richest man, Alhaji Aliko Dangote, Dangote Cement has announced that it would distribute N144.84 billion to...
A day after it announced that it would be paying N63.4 billion to shareholders as cash dividends for the 2016 business year, Zenith Bank on Tuesday...
Ag President Yemi Osinbajo on Tuesday hosted the Abia State governor, Okezie Ikpeazu who led a delegation during an MSME Follow up at the State House...
The Senate, on Tuesday, said local contractors’ debt in the country is currently estimated to be N2 trillion. The debts, the Senate noted, are those owed...
There seems no end yet to the power game playing out at the Nigerian Civil Aviation Authority (NCAA) as the Federal Government announced replacement of five...
A relief of sort seems to have come the way of Nigeria, as the Organisation of Petroleum Exporting Countries (OPEC), despite a relative rise in price...
The board of directors of Zenith Bank International Plc has recommended distribution of a total of N63.4 billion to shareholders of Nigeria’s second most capitalised bank...
Nigerian equities opened this week on a positive note as increased bargain-hunting spurred the market to a net capital gain of N42 billion. Investors showed improved...
Despite the CBN’s new policy said to have seen naira on a steady rise in value in the past one week, experts say the gain may...
A major crisis is returning to the assumed settled issues concerning take-over of Arik Airline by the Assets Management Corporation of Nigeria (AMCON), as stakeholders bicker...
Of the 597.207 million barrels of crude oil exported from Nigeria in 2016, India had the highest demand of 127.1 million barrels (35 per cent), beating...
For allegedly faking tyres, estimated at about N5.3 billon in Nigeria, two Chinese nationals, Taolung Shen and Xu Jing Yau have been arrested by the Standards...
Three hundred and fifty thousand unemployed graduates stand a chance of being gainfully engaged if the Buhari-led administration implements its budgetary proposal of spending about N158billion...
Following the new policy in the foreign exchange market, which directed commercial banks to open forex kiosks at airports and known shopping malls, hard currency traffickers...
African equities largely played the contrarian stocks in a global stock market that traded mostly in negative last week as investors in Nigeria, Kenya and Ghana...
In what looks like a u-turn, the Asset Management Company of Nigeria (AMCON) has unsealed the premises of an indigenous aviation company, the Odengene Air Shuttle...
Some unknown game seems to be playing out in the aviation industry in Nigeria creating confusion and intrigues as all 10 sacked directors of the Nigerian...
Nigeria will be saving about $31.4 billion yearly as the NNPC plans downward review of oil production cost before the end of 2017, according to its...
The denial of the Nigerian National Petroleum Corporation (NNPC) that the exploration activities by its subsidiary, the Integrated Data Services Limited (IDSL) did not cause the...
An international rating agency, Fitch Ratings, has stated that Lagos State’s long-term foreign and local currency Issuer Default Ratings (IDRs) outlook for 2016 was retained at...
An international conference meant to attract about $2.5 billion trade investment into Nigeria has suffered a three-month postponement due to the planned temporary closure of the...
In what looks like an anti people’s policy, the Central Bank of Nigeria (CBN) on Thursday announced the reintroduction of bank charges on certain categories of...
The revelation that more than 40 per cent of Banks’ bad debts are caused by their directors has elicited some concerns among customers and other stakeholders....
Acting President, Professor Yemi Osinbajo on Thursday affirmed that the Federal Government would next month float Africa’s first sovereign green bond to raise N20 billion debt...
More than 30 per cent of countries in Africa, including Nigeria, are lagging behind in eradicating extreme poverty and hunger in the last five years. This...
The Securities and Exchange Commission (SEC) Nigeria’s apex capital market regulator, has lifted the suspension on Heritage Capital Markets Limited and its directors, returning the firm...
The tenuous market situation at the Nigerian Stock Exchange (NSE) broke into a visible rally on Thursday as bargain-hunters increased demand for value stocks in the...
In spite of what looks like Nigeria’s delisting of the International Monetary Fund (IMF) from creditor institutions for its current quest for loan facilities, its management...
Director-General, Budget Office of the Federation, Mr Ben Akabueze, has refuted allegations that figures were inserted into the 2017 budget proposal before the National Assembly Addressing...
Palpable fear has gripped Nigeria-based South African telecom company, MTN, over rumours of planned reprisal attacks by aggrieved Nigerian youths. This is as a result of...
The Federal Executive Council (FEC) has approved the award of a contract for the construction of a Cameroon-Nigeria border link bridge at the cost of $39.9...
Nigerian equities remained on a tight stretch on Wednesday amidst widespread selling pressure. With more than two decliners to every gainer, the market showed marginal decline...
Acting President Yemi Osinbajo on Wednesday sought formal approval from the National Assembly to commit a $500million Eurobond for the financing of the country’s 2017 budget...
The Senate, on Wednesday warned that heads of MDAs who do not appear before the relevant committees for budget defence will have zero capital budget allocations....
The sum of N1.094.22 trillion was spent by the Federal Government on foreign debts servicing, with N1.044 trillion going in for the same reason for local...
A 60-day action plan on ease of doing business has been proposed by the Federal Government. If successfully implemented, the frustrations experienced by locals and foreigners...
For insisting that Nigeria must officially devalue its local currency, the naira, the Federal Government may have closed all intention of seeking for loan facilities from...
Nigeria’s two leading breweries, Nigerian Breweries (NB) Plc and Guinness Nigeria Plc braced up the overall market position at the Nigerian Stock Exchange (NSE) to a...
