Shares of Jaiz Bank Plc have been Listed on the floor of the Nigerian Stock Exchange (NSE) and trading on then commenced on Thursday. The Bank’s...
Nigerian equities fell back into the negative trend on Thursday as investors sought to cash in on fast moving consumer goods (FMCG) stocks, many of which...
The Management of Arik Airline has vowed to challenge the Assets Management Company of Nigeria (AMCON) takeover of the airline in court. AMCON had earlier on...
An appeal at making the Central Bank of Nigeria (CBN) reduce its newly reviewed penalty on commercial banks on abuse of foreign exchange (forex) guidelines and...
The Assets Management Company of Nigeria (AMCON) has taken over the operations of the embattled Arik Airline. The airline which has been in troubled waters for...
Bad debts, also known as toxic debts, in the Nigerian financial system, is discovered to have risen from $20 billion to $25 billion between 2014 and...
After three consecutive negative trading sessions, Nigerian equities broke through the bears’ cordon on Wednesday with a marginal gain of N5 billion. The breather was largely...
The proposed funding of the $50 billion Biofuel Industry Equity Fund (BIEF) for Nigeria by government agencies and parastatals has, generated some disagreements between the Minister...
African countries, under the aegis of African Union (AU), have agreed to empanel a trade negotiation talk to promote multi lateral relations in line with demand...
The latest streak of downtrend at the Nigerian stock market extended to the third consecutive trading session on Tuesday, raising the negative average year-to-date return to...
Barring any unforeseen development, Nigeria will stop importing refined petroleum products by 2019, so says the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu. Speaking...
The long drawn face off between the Central Bank of Nigeria (CBN) and the Nigeria National Petroleum Corporation (NNPC) over deployment of foreign exchange realized from...
Nigerian equities opened on Monday to a surge in sell orders, worsening the market situation that had seen quoted equities losing N167 billion last week. At...
Like in 2014, Nigeria has again been beaten by South Africa and Egypt in the banking sector rating of the World Bank for 2016. The country...
Though the Nigerian Civil Aviation Authority (NCAA) has given seven days to First Nation Airways, within which to pay a fine of about 33.5 million, the...
In what sounds like a tale of the bizarre, Dangote truck drivers have allegedly looted 3.5million tyres belonging to the company, with 285 of them now...
The Nigerian equities market traded mainly on the negative last week as early corporate earnings results further fueled concerns over the performance and returns by quoted...
Nigeria has been listed in the category A countries, alongside Ghana and Egypt that will tap from the European Union (EU) €44 billion soft loan aimed...
Various state governments, owed over N250 billion that they spent on Government Federal roads can only be refunded if the bonds to be floated in that...
Nigeria is named among four countries with the largest middle income nations with mangrove areas poorly managed, and losing at least $2 billion annually for lack...
A joint committee of the National Assembly on Friday invited the Minister of Power, Works and Housing, Babatunde Fashola, over the sudden change of leadership of...
Nigeria is back to square one following the directive by both the World Bank and African Dvelopment Bank (AfDB) that it makes a priority list on...
In its efforts to ensure a turnaround of Nigeria’s economy, the Federal Government’s has announced that the National Economic Recovery Growth Plan (NERGP) will be ready...
In what seems an unprecedented move, four executive directors of Skye Bank have put in their resignation letters. The Directors who had served in Executive Management...
The Federal Government is to spend about N600 million on security provision for Abuja-Kaduna air travel arrangements. The bulk of the expenditure is to go for...
The Nigerian National Petroleum Corporation (NNPC) has so far raked in about $500 million into government’s coffers from crude oil swap deals introduced in 2016, according...
After three consecutive negative trading sessions, Nigerian equities recorded their first gain of the week on Thursday as bargain-hunting for value stocks halted the week-long decline...
The Central Bank of Nigeria (CBN) may have concluded plans to offer for sale a minimum of $650 million weekly in the next five months. This,...
Faced with the challenge of boosting internal revenue for its various development programmes the Federal Government has concluded plans to make rich Nigerians pay more for...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has banned a capital market operator, Mr. George Nchedo Okafor, from being employed anywhere in the...
Several investors on Wednesday narrated how they were allegedly swindled of more than N4.8 billion in investment schemes promoted by Partnership Investment Company Plc, owned by...
There is every indication that the much awaited international investment drive by Nigeria, also known as Eurobond, will kick-off before the end of February 2017, according...
Ripples Nigeria is shopping for brilliant minds with creative writing skills to join its growing hub of young journalists intent on unearthing the BIG stories. The...
Med-View Airlines Plc on Tuesday listed its shares on the Nigerian Stock Exchange (NSE), returning the airlines to the stock market after two previous quoted airlines-Al...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has slammed a life ban on Group Managing Director, BGL Group, Mr. Albert Okumagba and deputy...
Palpable anxiety has continued to hold the entire business community of Port Harcourt, Rivers State, following speculation that the giant oil firm, Shell Petroleum, had concluded...
A cross section of stakeholders have condemned Nigeria’s planned contribution of about $20 billion (out of $50 billion) budgeted for the draining and recharging of the...
Nigerian equities reopened on Monday with widespread selling sentiments as investors turned round to take profits on the previous three days of successive uptrend. The stock...
Anxiety has gripped motorists and commuters as a new CBN policy on foreign transaction by banks is said to have caused more scarcity of dollars in...
Nigeria’s total capital inflows, made up of foreign direct investments and loans, fell to all time low of 48.6% in 2016. According to a report by...
Concerns have been raised over the non capture of Nigeria in a five-year growth projection, as contained in a survey by the International Air Transport Association...
The Comptroller-General (CG) of the Nigerian Custom Service (NCS) Col. Hameed Ali (retd) has thrown more light on why government took the step of banning importation...
The special crimes division of the Nigerian Police Force, National Headquarters, Abuja, has launched investigations into alleged oil supply racket and insider dealings at Nigerian Breweries...
Pending the investigation and prosecution of suspects connected to the controversial Malabu Oil deal, an Abuja High Court presided over by Justice John Tsoho has ordered...
Investors at the Nigerian stock market reacted with a seemingly overwhelming rush to sell as Guinness Nigeria Plc on Thursday announced that it posted a net...
Global rating agency, Fitch Ratings has revised the outlook on Nigeria’s long-term foreign and local currency issuer default ratings (IDRs) from stable to negative. Fitch however...
Quoted equities on Thursday doubled up on the modest rally at the stock market as investors increased buy orders as banks’ directors meet to discuss their...
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced major executive appointments and changes in its management structure. Yinka Sanni has been named...
The directive from the Chief of Staff to the President, Mr Abba Kyari, that the N150 billion owed to major marketers be paid immediately, has elicited...
Assailed by grieving Nigerians, Minister for Power, Works and Housing, Babatunde Fashola, has offered six excuses for the lingering power outage experienced by homes and industries....
