The Central Bank (CBN) has lifted restrictions it placed on Commercial banks which limited the banks’ ability to conduct business transactions in foreign currency (dollar) transfer....
Visafone, the only Coded Multiple Division Access (CMDA), network in the country and hitherto owned by renowned banker and ICT philanthropist, Jim Ovia was acquired by...
The Nigerian equities market took a turn for the worse in the immediate past week as investors lost N1.21 trillion. With the global crude oil price...
The Independent Petroleum Markets Association (IPMAN) has hinted of plans to down tools to press home their demand for equal opportunity in the sharing and distribution...
The Central Bank of Nigeria (CBN) has set machinery in motion to lend funding support to at least one million graduates involved in Micro, Small and...
Saudi Arabia’s young population is at the forefront of a changing economy following the continuous downward slide of global oil prices which has reached an all...
A Federal High Court sitting in Lagos, on Friday, struck out a contempt charge filed against Ecobank Nigeria Limited by Honeywell Flour Mills Plc. Justice Ibrahim...
By Ali Smart Even as Nigeria awaits the planned implementation of the new ‘Petroleum Industry Governance and Institutional Framework Bill 2015’, indications are that it is...
As losses at the Nigerian stock market top N1.5 trillion in the past nine days, authorities at the Nigerian Stock Exchange (NSE) have activated the market’s...
Former Governor of the Central Bank of Nigeria (CBN) Chukwuma Soludo has said that the President Muhammadu Buhari-led administration with the budget proposal for 2016 has...
Nigerian equities lost N297 billion yesterday at the Nigerian Stock Exchange (NSE), the fourth consecutive loss as the stock market struggled with large sell orders amidst...
The perceived monopoly of the South African-owned satellite cable television, DSTV, may soon be a thing of the past, as a bill meant to make broadcasting...
Four Skye Bank branches based in Osogbo have been sealed off after bailiffs from the Osun State High Court stormed the outlets, carting away valuable property...
Monitoring experts has said fuel may end up being cheaper than bottled water if the current rate at which oil prices are plummeting continues. Oil prices...
Nigerian equities recorded its worst performance so far in 2016 on Wednesday as panic gripped investors that continuing decline global crude price might lead to deterioration...
The Association of Bureaux De Change Operators of Nigeria (ABCON) has alleged that the decision of the Central Bank of Nigeria (CBN) to end direct sales...
The value of the naira dropped Wednesday to N295 to the U.S dollar at the parallel market, otherwise known as the black market, Ripples Nigeria findings...
Nigeria’s dwindling resources may encounter more troubles as global prices of oil slipped further yesterday to touch $30 per barrel for the first time since April...
Nigerian equities slumped to new lows yesterday as global crude oil price declined to 12-year low at $30 per barrel. With four decliners to every marginal...
The nation’s banking sector is set to witness a revolution with the development of a framework by the Nigeria Deposit Insurance Corporation, NDIC, aimed at insuring...
A Federal High Court in Lagos on Tuesday said MTNNigeria Communications Limited could no longer move any funds from all banks in Nigeria abroad pending hearing...
The Bank Verification Number (BVN), an initiative of the Central Bank of Nigeria, is not an effort in futility after all, as the policy has helped...
With more than five losers to a gainer, Nigerian equities came under a more intense selling pressure as the stock market reopened on Monday. Open market...
In from Ali Smart . . . Since the Central Bank of Nigeria forex restrictions came into effect, Bureau De Changes (BDCs) operators across the country...
The Securities and Exchange Commission (SEC) on Monday declared that over N90billion unclaimed dividends is trapped in the vaults of quoted companies in the country. Speaking...
Nigeria’s Minister of Communications, Adebayo Shittu has disclosed that the country loses over N78 billion yearly to cyber crimes. The Minister gave this hint on Monday...
Quoted companies on the Nigerian Stock Exchange (NSE) started 2016 with a round of downtrend with nearly three losers for every gainer in the first week...
In from Ali Smart . . . August visitors hardly visit in August and so it was with Ms. Christine Largarde, the Managing Director of the...
Money issues, especially for expenditures never seem to end, hence the growing need to device means of ensuring added revenue. Doing this sometimes entails investing scarce...
In from Success Allantee…. Securities and Exchange Commission (SEC), Nigeria’s apex capital market regulator, has started a new round of investigation into the operations of capital...
The downtrend at the Nigerian stock market widened on Thursday with an average of five losers for every gainer, but a last-minute rally by Dangote Cement...
Three years after Nigeria abandoned its strategic development plan, the President Muhammadu Buhari-led administration looks set to marshal out a new development framework for the country....
The Nigerian Senate has come down hard on the Central Bank of Nigeria (CBN) over its strict Foreign Exchange policy, and urged the apex bank to...
At least about 83 per cent of the workforce of Visafone, amounting to about 2, 000 workers may have been thrown into the job market as...
The bears fully bared their fangs yesterday at the Nigerian Stock Exchange (NSE) as increased sell pressure on highly capitalised stocks shaved off N317 billion from...
Report… Nigeria’s aviation, a sector in need of makeover In from Ali Smart . . . The place of the aviation sector in Nigeria’s economy is...
The Managing Director of the International Monetary Fund (IMF) Ms. Christine Lagarde, has, contrary to widespread reports, painted a grim picture of the Nigerian economy, stating...
The Nigerian Electricity Regulatory Commission, NERC, has directed electricity distribution companies DİSCOS, not to connect new customers without first providing them with meters, just as it...
The second trading session of the year at the Nigerian Stock Exchange (NSE) also ended in the negative with nearly two losers for every gainer. Turnover...
This is cheery news for Nigerians no doubt as the Nigerian National Petroleum Corporation (NNPC) on Tuesday announced that the nation’s three refineries namely: Kaduna, Port...
Managing director of the International Monetary Fund (IMF) Christine Lagarde, says that the purpose of her four-day visit to Nigeria, one of Africa’s largest economy is...
Nigerian mobile telecommunications users increased by 16.1 million subscribers representing 11.9 percent within a one year period between September 2014 and September 2015. According to the...
In from Ali Smart . . . Members of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) are crossed with the Independent Petroleum...
Caution was the word at the first trading session of 2016 at the Nigerian Stock Exchange (NSE) as bemused investors seek to outline the outlook for...
Managing Director of the International Monetary Fund (IMF), Ms. Christine Lagarde, who arrived Nigeria on Monday on a four day official visit is to meet with...
in from Ali Smart . . . Perhaps as an indication of its commitment towards the welfare of the internally displaced persons across the north eastern...
In from Ali Smart . . . Freight forwarders are at logger heads with customs officials over what they described as prohibitive taxes, which they argued...
With the kickoff implementation of the Guide to Bank Charges on zero commission on turnover (COT) on all transactions in January, the deposit money banks would...
To succeed in business today, you need to be flexible and have good planning and organizational skills. Many people start a business thinking that they’ll turn...
Nigerian equities sustained their massive last-minute rally for the second consecutive day as intense bargain-hunting and year-end portfolio realignments combined to add N298 billion to market...
