The Minister of Finance, Mrs Kemi Adeosun, Tuesday, in London, said the federal government would issue $1 billion Eurobond in the third quarter of 2016 for...
The downtrend that has dominated the stock market since Monday worsened on Wednesdayas uncertainties over the modality for the flexible foreign exchange option of the Central...
The Federal Government has kick-started activities that will lead up to the employment of about 500,000 direct teachers. The government says it will start taking applications...
The downtrend that started the equities market this week continued into the second trading sessions as speculative transactions and profit-taking by investors worsened the overall market...
The Federal government has established a National Rice and Wheat Task Force to set up targets that will yield comprehensible and self-evident results in rice and...
After pleas would not work, the Federal government has threatened to sanction financial institutions, and telecommunications companies that sack employees. One of such sanctions would be...
Emerging reports say that Shell has resolved to abandon repair works on its damaged oil pipelines because of growing security concerns in the Niger Delta. The...
Declining oil output from Nigeria, France and a shortfall in US inventories combined on Monday to shore up oil prices to their highest in eight month....
In spite of pleas by the Federal Government to financial establishments recently not to lay off staff, the Management of Skye Bank plc on Monday sent...
Nigerian equities opened this week on a negative note as profit-taking transactions by investors pressured the overall market situation to a marginal loss of N12 billion....
The Federal Government, Monday, said it is suspending the on-going military operations against Niger Delta militants who have been attacking oil installations in the oil rich...
If the Minister of State for Aviation, Hadi Sirika has his way, the paucity of foreign exchange which is already taking a toll on the activities...
Chevron Nigeria Limited has concluded arrangement to hand over OML 55 operations to Belemaoil Producing Limited, thus making history as the first and only international oil...
Bismarck Rewane, Managing Director, Financial Derivatives Company (FDC) Limited, at the weekend, said the economy is inching closely to recession after monthly oil revenues dipped from...
The Central Bank of Nigeria (CBN) has hinted of plans to move Bank Verification Number, BVN, for Nigerians in Diaspora to June 30, Ripples has gathered....
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has indicted a stockbroking firm, WT Securities Limited, for allegedly engaging in shares fraud and mismanagement...
The spate of attacks on oil facilities in the Niger Delta has further reduced Nigeria’s daily oil output, as Eni, the parent company of Nigerian Agip...
Nigeria will continue consultations within the country regarding its stance on the Economic Partnership Agreement, EPA, between ECOWAS and the European Union, Vice President Yemi Osinbajo,...
The land swap policy introduced by the former administration of President Goodluck Jonathan may have hit a brick wall in the Federal Capital Territory (FCT) as...
Billonaire business man, Aliko Dangote, has said Nigeria loses $1bn (about N197bn) annually due to poor condition of roads in the country. Dangote spoke on Friday...
Worried by the gale of retrenchment across the banking sub-sector, the Federal Government has impressed on banks, the need to suspend all such exercise in order...
The Nigerian Communications Commission, NCC, is set to grant wider access berth to telecommunication companies in its new regulation strategy for Over-the-Top (OTT) services. This was...
The board of directors of GlaxoSmithKline Consumer Nigeria (GSK Nigeria) Plc is proposing to pay a special dividend of N716 million to shareholders under the proposed...
The External auditors to Stanbic IBTC Holdings Plc, KPMG, has indicated that it would not sign off the much-awaited 2015 financial statement of the financial services...
After losing N684 billion in the two earlier trading sessions, Nigerian equities on Thursdayregained their rally with a modest gain of N94 billion. Benchmark index indicated...
Oil marketers have concluded arrangements to hike the price of Liquefied Petroleum Gas (LPG) better known as cooking gas by between 70 to 100 per cent...
Members of the lower legislative chamber have maintained that MTN Nigeria must pay up the N1.04 trillion fine imposed by the Nigerian Communication Commission, NCC. The...
Nigeria’s Mohammed Barkindo has emerged the new secretary-general of the Organisation of Petroleum Exporting Countries (OPEC). Bakindo was a former Group Managing Director of the Nigerian National Petroleum Corporation,...
Nigeria’s Mohammed Bakindo has emerged the new secretary-general of the Organisation of Petroleum Exporting Countries (OPEC). Bakindo is a former Group Managing Director of the Nigerian National Petroleum...
The Nigeria Deposit Insurance Corporation, NDIC, has said that 2% of Nigerians own 90% of total deposits in Nigerian banks, indicating the widespread inbalance in wealth...
The board of directors of GlaxoSmithKline Consumer Nigeria (GSK) Plc has accepted a binding offer from a Japanese firm, Suntory Beverage & Food Nigeria Limited, a...
Time was when the insurance sector was considered a hard sell. But today, it is becoming a big attraction for local and foreign investors who are...
The Federal Government (FG) hopes to commit the sum of N40bn for the provision of affordable housing for all, President Muhammadu Buhari has assured. The President...
Staffers at the headquarters of the National Economic Reconstruction Fund, NERFUND, paralyzed business activities on Wednesday, as they accused the agency of mismanagement and embezzlement of...
For the first time in the last seven years, Nigeria recorded a decline of N793.5bn in the first quarter merchandise trade to close at N2.72tn from...
After gathering N613 billion in capital gains last week, Nigerian equities opened this week to a massive profit-taking, which turned the stock market into an extreme...
Federal Government has again emphasized the need for ease of doing business in the country just as President Muhammadu Buhari has approved the formation of a...
Investors in Nigerian quoted equities netted a total gain of N613 billion within the 25-hour trading sessions last week as scramble for Nigerian equities by foreign...
A Pensions Funds Administrator (PFA) First Guarantee Pension Limited (FGPL) is crossed with the National Pension Commission (PENCOM) over fear that its N115billion assets in the...
The Central Bank of Nigeria (CBN) has issued operating licences to 2,998 bureaux de change (BDCs) that met its N35 million mandatory capital base, The number,...
The rippled effect of the credit crunch which continues to bite harder in different sectors is also threatening the existence of most of the foreign airlines...
The administration of President Muhammadu Buhari received a knock from the Lagos Chamber of Commerce and Industry, LCCI, as it said the nation’s economy has suffered...
For the management and staff of BGL Securities and BGL Assets Management Limited led by debonair businessman, Albert Okumagba things have finally fallen apart as the...
Nigeria’s leading road transport company, GIGM.com, has today (Friday) announced the introduction of a child friendly transport fare in celebration of the children. With the child...
Contrary to expectations, the Minister of Petroleum Resources, Dr. Ibe Kachikwu on Thursday said that Nigeria’s four refineries in Port Harcourt (2), Warri and Kaduna will...
Nigerian equities market rallied to a six-month high on Thursday as strong inflows from foreign and domestic investors tickled the stock market to a net gain...
With a daily loss of over 800,000 barrels from a projected 2.2 million barrels of crude per day (bpd) Nigeria’s budget 2016 may be headed for...
A protest by pilots in the employ of Dana Air on Thursday grounded the activities of the airline, leaving some of its passengers stranded at airports...
The renewed unrest in the Niger Delta area has begun to take its toll on the nation’s revenue as the amount shared by the tree tiers...
Nigerian equities staged their biggest day-on-day rally so far this year on Wednesday as investors continued to react to the adoption of a flexible exchange rate...
