With a slight growth of two per cent in gross income, the financial period ending September 30, 2015 was a challenging one for Unity Bank Plc....
Nigerian equities rallied capital gains of N324 billion on Thursday as investors continued intense bargain-hunting for quoted shares. The benchmark index at the Nigerian Stock Exchange...
The Federal Government of Nigeria through its finance ministry has announced plans to inject N350 billion into the system to salvage the current dwindling economy of...
Fitch Ratings has downgraded Nigeria’s long-term foreign and local currency Issuer Default Rating (IDRs) to ‘B+’ from ‘BB-‘ ratings, while long-term local currency IDR lowered to...
In light of dwindling proceeds from crude oil sales, government revenue has been shored up by non-oil revenues, which hitherto took a backseat. The Federal Accounts Allocation...
Senator Ben Murray-Bruce, one of the celebrated critics of the Buhari administration, on Thursday lost a chain of his businesses to the Asset Management Company of...
The United Bank for Africa Plc, UBA has picked holes against claims made by the former Chairman of the defunct Air Nigeria, Mr. Jimoh Ibrahim, who...
The benchmark index crossed the 30,000 points, market value rose by N242 billion and investors increased stakes above average by about 17 per cent to about...
With less than 24 hours to the European Union referendum to determine United Kingdom’ s membership of the EU, many have wondered what becomes of the Nigerian economy...
The Naira strengthened against the dollar to close at 281.50 to the dollar on Wednesday, its first daily gain since the Central Bank of Nigeria (CBN)...
Fresh indications have emerged on Wednesday that global investors may incur losses as fears of protection, nationalism and a retreat of globalisation is likely to trail...
The car manufacturer, Tesla Motors is set to prove that electric cars could be better than gasoline-powered cars. Part of the moves made by the car...
The Group Chairman of NICON Investment Limited, Mr. Jimoh Ibrahim, Tuesday, reacted strongly to the interim asset seizure order made by a Federal High Court sitting...
Nigerian equities regained their upswing on Tuesday as improved confidence engendered by the new foreign exchange (forex) policy of the Central Bank of Nigeria (CBN) excited...
Statistical data from the Central Bank of Nigeria (CBN) Tuesday show that the Naira gained for the second day of trading without a peg after the CBN...
Palpable fear is rocking airlines in Nigeria with some operators, having started informing their Travel Agents to stop issuing tickets on their behalf due to the...
The richest man in Africa/President of Dangote Group, Mr. Aliko Dangote, has suffered another major loss of $3.7 billion from his investments both at local and...
Two days before the European Union (EU) referendum, the pound, on Tuesday, recorded 2.23 per cent growth in the international market in London. The currency climbed...
For the second day, the naira has depreciated to N286 per dollar as the Central Bank of Nigeria (CBN) sold $2 million dollars in interbank market...
A former Director of Finance of the moribund Air Nigeria, Mr. John Nnorom, has told the Senate how businessman Jimoh Ibrahim crippled the airline. Nnorom was...
The Asset Management Corporation of Nigeria, AMCON, has obtained an interim injunction to seize some assets belonging to businessman, Jimoh Ibrahim over an alleged N50bn billion...
The Nigerian stock market started this week with a tinge of profit-taking as investors sought to lock in capital gains on equities that accrued in recent...
The much awaited new forex regime commenced on Monday as the Central Bank of Nigeria (CBN) sold a total of $616.5 million at N280.00 per dollar...
With the commencement of the fresh policy on foreign exchange rate in Nigeria today, finance analysts and investment pundits are expecting the new move to eliminate...
Africa’s biggest telecommunications operator, MTN Group on Monday announced the appointment of Rob Shutter as its new chief executive officer. The announcement came after months of...
There are hopes that the price of the naira may rise further as the Central Bank of Nigeria on Monday stated its resolve to clear all...
Ecobank Transnational Incorporated (ETI) Plc, the holding company for the pan-African Ecobank Group, plans to cancel about 95 per cent or 17.4 billion ordinary shares of...
Trading activities on the Nigerian Stock Exchange (NSE) for the week ended on Friday, June 17 closing on continued growth optimism with the benchmark indices of...
As the economic crisis in the country bits harder, five state have reportedly met the 22 stringent conditions given by the Federal Government to be able...
The upswing orchestrated by the release of the guidelines for the implementation of the new foreign exchange (forex) of the Central Bank of Nigeria (CBN) continued...
The crisis in the National Economic Reconstruction Fund (NERFUND) over allegations of corruption, has led the federal government to close down the agency. Following the move,...
Lafarge Africa Plc, Nigeria’s sixth largest quoted company, has raised N60 billion in two series of a bond issue, making history as the largest corporate bond...
Nigerian equities halted their three-day consecutive price depreciation on Wednesday as the release of the much-awaited framework for the implementation of the flexible foreign exchange (forex)...
The Nigeria Extractive Industry Transparency Initiative, NEITI, has said the country at the moment does not know the quantity of crude oil it produces. The Executive...
The Federal Government, Wednesday, said it has resolved to adopt more of external borrowing so as to achieve its aim of stimulating the economy and providing...
The Central Bank of Nigeria (CBN) has set the stage for the devaluation of the naira, as it said on Wednesday that it will allow the...
The Federal Government has announced the release of N280 billion for the implementation of capital projects that were captured in the 2016 budget. The money is...
Nigerian equities showed stronger underlying trend on Tuesday but losses suffered by many highly capitalised stocks dragged the overall market position further into the negative. The...
More voices were Monday joined to the clamour for restructuring of the Nigerian nation, as the Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay, SAN...
The current cash crunch facing the Federal Government became more pronounced on Monday, as the Central Bank of Nigeria, CBN, released it Economic Report for the...
The downtrend at the Nigerian stock market continued on Monday as investors remained uncertain about the direction of the flexible foreign exchange policy of the Central...
If the Bankers Committee has its way, bank customers will not be able to withdraw more than N10, 000 from across the counter, next time they...
Nigerian and South African equities were the contrarian stocks in the main African stock markets last week as continuing delay in the release of the guidelines...
The Federal Government has said it would not provide bailout funds to banks to boost their operations in the face of the persistent job losses in...
In what would turn out to be a third financial bailout, the Federal Government, on Saturday said it is finalizing a conditional Budget Support Facility for...
Telecommunications giant, MTN Nigeria, has agreed to pay the Nigerian government $1.7 billion as settlement of the fine imposed on it by the Nigerian Communications Commission,...
The board of directors of the African Development Bank Group (AfDB) through its private sector window has approved a $150 million line of credit (LOC) to...
After three successive negative trading sessions, quoted equities on Thursday rallied back as investors sought to take advantage of the recent declines in share prices. With...
There are indications that the Federal government has opted to reduce total budgetary spending on 2016 capital expenditure by half, as it envisages that the budget...
President Muhammadu Buhari on Thursday effected a minor shuffle in the Budget Office with a fresh assignment handed down Ben Akabueze as the new Director General...
