Reprieve came the way of businessman Jimoh Ibrahim on Monday, as a Federal High Court sitting in Lagos discharged an interim injunction empowering the Asset Management...
The International Monetary Fund, IMF, has painted a further grim picture for the Nigerian economy, saying it will contract in 2016. This, the fund said is...
Quoted equities reopened on Monday in the negative as the sell-off in the stock market persisted. Most price changes ended in the negative with sectoral indices...
The inability of the country’s insurance sector to live up to expectations costs the country at least 70, 000 jobs that would have been available every...
The perennial crisis in the Nigerian energy sector was again brought to the fore with the latest revelation that generator manufacturers and distributors brought into the...
The Nigerian Civil Aviation Authority (NCAA) has noted that airlines in the country are free to fix prices for their services and tickets, since the process...
Owing to the cash crunch on states in the federation, arising from dwindling revenues from oil receipts, the states are looking inwards to generate the needed...
Gas flaring in the country has been reduced by about 45% from 65% to its current 20%, the Nigeria Liquefied Natural Gas, NLNG, has said, adding...
Nigerian equities traded all through the two trading sessions in last week in the negative as concerns over the health of Nigerian banking sector, cash requirements...
Lafarge Africa Plc, the Nigerian arm of LafargeHolcim- world largest cement and building materials group, has alerted that it could record decline in its profit in...
Initial surveillance reports by the Central Bank of Nigeria (CBN) and management report by the new management have indicted the former board and management of Skye...
As part of measures to finance budget deficit, the federal government on Friday sold a total of N190 billion ($673.76 million) in treasury bills. Reuters reports...
The NNPC has cautioned Nigerians against embarking on panic buying of petroleum products due to the strike action called by the PENGASSAN. The Petroleum and Natural...
The change of leadership at Skye bank may be taking a toll on the fortunes of the company, Ripples Nigeria has gathered. Reuters reports that the...
Apparently determined to shore up government’s revenue, the Minister of Finance, Mrs. Kemi Adeosun, has revoked the reduction of withholding tax for construction related activities. The...
The activities of militant groups in Nigeria’s Niger Delta area are beginning to have rippling effects on the electricity supply, and by extension, the economy of...
The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), their sister union, Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the federal...
The federal government has faulted the planned strike by oil and gas workers under the aegis of Petroleum and Natural Gas Senior Staff Association of Nigeria...
Nigerian equities started this week on a near free fall as anxiety gripped investors over the fate of Skye Bank Plc amidst concerns over the second...
Against growing apprehensions by the banking public, the new Group Managing Director/Chief Executive Officer of Skye Bank Plc, Mr. Tokunbo Abiru, has said the bank remains...
Skye Bank Plc, one of Nigeria’s so-called strategically important banks (SIBs), came under the hammer of the Central Bank of Nigeria (CBN) on Monday as the...
GlaxoSmithKline Consumer Nigeria (GSK Nigeria) Plc has effectively secured the mandate to sell its drink business as shareholders of the company approved the divestment to Suntory...
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has been relieved of his position as the Group Managing Director, GMD, of the Nigerian National...
The Central Bank of Nigeria (CBN) on Monday perfected the take over of the management of Skye Bank Plc, in a cursory and ironic blow reminiscent...
Oando, on Monday, announced a $210 million recapitalization of its downstream operations by a consortium, HV Investments, and the Vitol Group, a statement by the group...
Nigerian equities stood alone mainly in the red last week, playing the negative contrarians in a complete reversal that left investors with net capital loss of N462...
The recent decision of the United Kingdom, UK to leave the European Union, EU, may have turned into a blessing in disguise for Africa, as reports...
Telecoms firm MTN hired former U.S. Attorney General Eric Holder in January to help it reduce a $3.9 billion fine imposed in Nigeria over unregistered SIM...
The Central Bank of Nigeria, CBN, has set aside a total of N2.5bn for members of the National Youth Service Corps, NYSC, with good business ideas....
The new foreign exchange policy of the Central Bank of Nigeria, CBN, has sent foreign travel airfare over the roof, sending tickets prices some 57 per...
After a modest recovery on Wednesday broke the losing trend that started last weekend, Nigerian equities relapsed into the negative on Thursday as month-end portfolio rebalancing...
The Central Bank of Nigeria, CBN, has said plans are on to have Bureau De Change, BDC, operators participate in the flexible exchange rate inter-bank market...
After losing a total of N513 billion in three successive negative trading sessions, Nigerian equities staged a comeback yesterday as investors sought to take positions in...
Telecommunications giant, MTN Nigeria, Wednesday, emerged winner of the 2.6 GHz frequency spectrum auction by the industry regulator, Nigerian Communications Commission (NCC). MTN was adjudged the...
Volkswagen AG, has agreed to settle its diesel emissions cheating allegation with a record $14.7 billion in payment. However, there are indications that they may pay...
Nigerian equities fell for the third consecutive trading session on Tuesday but the momentum of the decline slowed down considerably, raising analysts’ expectations that the market...
The debilitating effect of Britain’s exit of the European Union is beginning to take a serious toll on its economy with the UK Pounds Sterling hitting...
The Nigerian currency, naira, fell N351 to the United States dollar at the parallel market and slightly to 282 at the new interbank market on Monday....
As the world grapples with the emerging scenarios from the last week’s decision of the United Kingdom (UK) to withdraw from the European Union (EU), the...
The Federal Government has revealed that it is seeking to raise between $40 to $50 billion from Chinese investors in a matter of days to shore...
President Muhammadu Buhari has expressed displeasure over the recent veiled devaluation of the naira by the Central Bank of Nigeria (CBN). The President, who said he...
The Naira on Monday closed at N282 to the dollar, indicating a very marginal decline when compared with the closing figures for Friday. The Central Bank...
The economic crisis in the country may be worse than most Nigerians think, as there are indications that 15 out of the 36 states in the...
Vice President Yemi Osinbajo has said that if fully utilized, the private sector in the country has the wherewithal to move the Nigerian economy forward. According...
A member of the House of Representatives, Raphael Igbokwe, has dragged the Attorney General of the Federation, AGF, Abubakar Malami, the Minister of Communication Technology, Adebayo...
Nigerian equities ended last again as one of the biggest advancers in the global equities market as sustained rallies triggered by the commencement of the implementation...
AfriJet Airlines, owned by Vitalis Ibe, on Friday joined the growing list of companies that have lost their assets to the Asset Management Corporation of Nigeria...
The Naira on Friday fell to N281 to dollar despite dollar injection worth $58 million into the market. The dollar supply was the fifth in row...
It seems an agreement has been reached by the Asset Management Corporation of Nigeria (AMCON) with the Management of Silverbird Communications Limited. The debt recovery institution...
The President of Dangote Group, Mr. Aliko Dangote on Friday said he plans to spend $12 billion on Nigeria’s first private crude oil refinery billed to...
