After three consecutive positive trading sessions, Nigerian equities simmered on Thursday as investors sought to take profits on several stocks. The main indices at the Nigerian...
The closure of Nigeria’s two main cargo wing of the Murtala Muhammed International Airport, Ikeja, in its third day, has cost Nigeria more than $150 million...
First Bank of Nigeria has said the bank has no hidden account of Nigerian Ports Authority (NPA) with it. In a statement filed at the Nigerian...
Weighed down by serious economic challenges and poor infrastructure, private transport companies in the country say they may have no choice but to increase fares by...
Despite assurances from the Central Bank of Nigeria(CBN) that Skye Bank is healthy, its big-time depositors are still reluctant to return their massive withdrawals from the...
Lagos State has officially joined the list of oil producing states in the country, as the federal government has said that four of the five oil...
For the third consecutive trading session, Nigerian equities sustained modest rally as positive sentiments widened across many sectors of the economy. The benchmark index for the...
The board of directors of Guaranty Trust bank (GTB) Plc has recommended distribution of about N7.36 billion to shareholders as interim dividend for the first half...
More findings have linked the return of the polio epidemic in Nigeria two years after report of its total control, to lack of proper funding of...
The expectation that the hotel and hospitality sector will rake in $507 million into Nigeria’s economy in the next four years seems to be threatened. Reports...
The Central Bank of Nigeria, CBN, has increased banks’ weekly dollar sales to Bureaux De Change, BDCs, from Diaspora-related foreign exchange, from $30,000 to $50,000. This...
President Muhammadu Buhari has also directed the Nigerian National Petroleum Corporation (NNPC) to commence a search for crude oil in the Benue Trough. This is coming...
President Muhammadu Buhari on Tuesday played host to members of the African Association of Automotive Manufacturers (AAAM), at the State House, Abuja. At the parley were...
In what looks like an afterthought, Nigeria’s hope that its declining foreign direct investment (FDI) will soon be reversed looks remote. The Vice President, Prof. Yomi...
Nigeria and Libya are the only two OPEC-member countries not given chance to contribute on the debate on the Organisation’s new initiative aimed at influencing hike...
After two consecutive negative trading sessions, Nigerian equities were pulled off the losing streak on Monday as the market reopened to a rally within the market’s...
Nigeria’s economic woes dampened further, as the United States and India, major buyers of its oil announced reduction of their imports by 53 per cent and...
Private transport company owners, under the aegis of Association of Private Transport Companies of Nigeria (APTCON), have called on stakeholders in the sector to tap into...
The National Bureau of Statistics (NBS) will this Thursday announce that Nigeria’s spiraling inflation has throttled to its highest in 11 years. Most analysts predicted that...
The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, Saturday, defended the decision of the apex bank to increase interest rate, adding that...
Uneasy calm has gripped buyers of some public corporations in Nigeria, as government fine tunes plans for a holistic review of most of the public enterprises...
Three banks in the country may have run into turbulent waters over their alleged involvement in fraudulent practices in the management of Nigerian Ports Authority, NPA,...
The Federal Government has conceded to calls for the country’s economy to be private-sector driven, with the setting up of a 20-member committee for concession of...
The Central Bank of Nigeria, CBN, has said that banks would be required to notify it and also offer explanations before sacking staff up to a...
Nigeria has hit a decline of 35 per cent in foreign direct investment (FDI), mostly brought about by the drop in oil prices. This is was...
The Nigerian Stock Exchange (NSE) has reviewed downward the listing and trading fees for securities listed and traded on the debt segment of its market. The...
Zenith Bank Plc has released its much-awaited first-half results with key performance indicators showing considerable declines in earnings, profitability and quality of assets. The 148-page report...
After a breather from running price depreciation on Wednesday, Nigerian equities relapsed on Thursday into the negative as increased sell-offs shaved off N48 billion from market...
There is palpable fear among bank workers in the country as the Central bank of Nigeria (CBN) has directed that they all declare their assets. The...
Panic and buck passing now trail threat of total blackout in Nigeria which may commence next week, following the refusal of government ministries, parastatals and agencies...
The Economic and Financial Crimes Commission (EFCC) has invited five directors and other top management staff of the Federal Airports Authority of Nigeria (FAAN) to its office following an alleged missing N100 million in...
The Governor of Kaduna State, Nasir el-Rufai, Wednesday, came hard on the decision of the Central Bank of Nigeria to increase its Monetary Policy Rate, MPR,...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) and other stakeholders have reached agreement to stop the issuance of dividend warrants as payments for...
After sustained depreciation in recent trading sessions, highly capitalised stocks broke the losing streak at the Nigerian stock market on Wednesday, rallying the market to a...
After the much celebrated declaration of the Nigerian economy as the largest in Africa and 26th in the world, South Africa has pushed the country back,...
The protest embarked upon by Ugborodo villagers in Warri South Local Government Area of Delta State, worsened on Wednesday, as the management of Chevron Nigeria Limited,...
The Shell Petroleum Development Company (SPDC) has once again declared force majeure (FM) on gas supplies to the Nigeria Liquefied Natural Gas (LNG) export facility on...
External auditors are currently examining the books of Skye Bank Plc to determine the state-of-affairs of the commercial bank, after the Central Bank of Nigeria (CBN)...
More facts have emerged on why the CBN directed banks in Nigeria to cancel 25 per cent of the total $1.9bn (N600 bn) non performing loans...
Nigeria Minister of Finance, Kemi Adeosun, has stated that the economic crisis in the country has got to a point she has no option but must...
The Central Bank of Nigeria, CBN, on Tuesday directed authorised dealers to sell foreign exchange cash to BDCs subject to a maximum of $30,000 to a...
AG Leventis (Nigeria) Plc is in discussions with foreign investors to raise new capital that will be invested in the major areas of the conglomerate’s businesses,...
The downtrend at the Nigerian stock market worsened considerably on Tuesday as increased sell orders overwhelmed the low demand at the market, leaving more than five...
President Muhammadu Buhari has decried the culture of waste foisted on the country, due to lack of means of preservation of agricultural products. The president lamented...
Electricity consumers, hoping to have pre-paid meters for their homes and offices may have to wait longer. Reason; meter manufacturers are yet to source $400 million...
There are fears that the price of petroleum products may again shoot up, as marketers have raised an alarm that the present situation as it concerns...
The Nigerian National Petroleum Corporation, NNPC, may have concluded plans to start importing crude oil from Chad and Niger Republic to feed its Kaduna Refinery in...
Nigerian equities recorded net capital loss of N10 billion on Monday as increased bargain-hunting and caution highlighted anxieties over expected worsening inflation rate and weak corporate earnings...
In a bid to overtake Nigeria as the main hub of the aviation industry in West Africa, Ghana has reduced price of Jet A1 by 20...
Sector by sector, the business community has begun collating data on losses over the economic recession, worsened by dollar scarcity in the past one year. Within the period under review, the manufacturing sector has been producing at...
