As the hours ticked away for the 2015 business year, investors appeared to have intensified last-minute portfolio rebalancing and adjustments to ensure that their portfolios are...
The Nigerian equities market reopened on Tuesday with voluminous transactions on low-priced financial services stocks as year-end portfolio rebalancing trades saw a shift from high-cap stocks...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has expressed its displeasure over the proposed Petroleum Industry Bill (PIB), saying it is against...
The Nigerian Stock Exchange (NSE) has started the final review of its group and sectoral indices. The newly reviewed indices will take effect on January 1,...
The Nigerian equities market reopened on Tuesday with voluminous transactions on low-priced financial services stocks as year-end portfolio rebalancing trades saw a shift from high-cap stocks...
By Ali Smart Notwithstanding the austere nature of the present administration, the 2016 budget for the presidency, according to the budget document obtained by Ripples Nigeria,...
By Ali Smart . . . After what seem to be a back and front movement, and contrary to what Nigerians were initially made to believe,...
By Timothy Enietan-Matthews The planned removal of the Petroleum Subsidy Fund by the Federal Government may run into trouble waters as the Nigeria Labour Congress (NLC)...
The Nigerian Communications Commission (NCC) has asked a Federal High Court sitting in Lagos to strike out the suit filed by MTN Nigeria Communications Limited for...
In from Ali Smart . . . As the year draws to a close in two days, not many Nigerians are taken in by the much...
By Timothy Enietan-Matthews In what appears as a dramatic volte face, the Minister of State for Petroleum, Dr. Emmanuel Ibe-Kachukwu, Sunday, tactically denied his widely reported...
In from Ali Smart . . . . Hard times may yet be the lot of Nigerians in the coming year 2016, as the bite on...
By Ali Smart The Ministry of Solid Minerals had a shortfall of N648m in the 2015 budget, Minister of Solid Minerals, Dr. Kayode Fayemi has said....
To forestall the lingering fuel crisis across the country, especially in the yuletide, the Nigerian National Petroleum Corporation (NNPC) on Christmas eve supplied the petroleum motor...
The Emir of Kano, Lamido Sanusi II has made a case for Islamic banking, saying it is the best model for an economy like Nigeria. Sanusi...
Despite nationwide scarcity of Premium Motor Spirit (PMS) also called petrol, the Federal Government is set to reduce the pump price of the product to N85 from...
Nigeria may still go borrowing in 2016 to shore up its revenue, and finance its budget as the International Monetary Fund (IMF) Thursday predicted that crude...
Pre-shipment agents involved in monitoring oil and gas operations onshore may no longer have a job to do as the federal government has cancelled their contracts...
The widespread positive sentiments continued at the Nigerian Stock Exchange (NSE), but losses by a handful of highly capitalised stocks coloured the overall market position to...
In from Ali Smart . . . Toluwani Adebayo, a lawyer has faulted the new electricity tariff declared by the Nigerian Electricity Regulatory Commission (NERC), saying...
The Nigerian National Petroleum Corporation (NNPC) on Wednesday declared that the Kaduna Refining and Petrochemical Company (KRPC) has begun daily production of 3.2 million litres of...
The Nigerian Civil Aviation Authority (NCAA) on Tuesday announced that Aero Contractors Airlines has been sanctioned for the incident at Bauchi airport, in which passengers were disembark...
Outdoor advertising practitioners willing to practice in Cross Rivers State have been given a boost as the Cross River State Signage and Advertisement Agency, CRISSAA, has...
The three tiers of government shared the sum of N369.9billion from the federal allocation for November 2015. This was made known by Minister of Finance, Mrs...
Nigerian equities remained positive on Tuesday, sustaining a two-day gain that had seen the market regaining N131 billion in capital gains in the past two trading...
By Ali Smart . . . MTN Nigeria Communications Limited along with the the Incorporated Trustees of National Association of Telecommunications Subscribers (NATCOMS) has urged the...
The two main indices at the Nigerian Stock Exchange (NSE) indicated average gain of 0.72 per cent, equivalent to a gain of N66 billion, on Monday...
By Ali Smart… The Federal Government, through the Nigerian Electricity Regulatory Commission, NERC, has increased energy tarrif, while also dropping the fixed charges being paid by...
In from Success Allantee . . . The National Investor Protection Fund (NIPF) would be paying compensations to a total of 580 investors who had lost...
Securities and Exchange Commission (SEC), Nigeria’s apex capital market regulator, has revoked the operational license of 84 capital market firms. The Commission stated that the licences...
In from Ali Smart . . . As part of efforts to curtail prevailing naira volatility in the market, the Central Bank of Nigeria (CBN) has...
In from Ali Smart . . . Workers’ union in the oil and gas sector have rejected outright the redraft Petroleum Industry Bill (PIB) which is...
Despite having the initial N1.04 fine reduced by 25 per cent to N780 billion, telecommunications company MTN Nigeria is still not satisfied with the outcome of...
Nigerian equities closed the weekend with its steepest loss this week as Naira fell to a new low against the United States Dollar and the United...
It was a bad day for passengers aboard a chartered aircraft belonging to Aero Contractors on Saturday at the Bauchi Airport in North Eastern part of...
In an apparent desperate move to shore up the confidence of Nigerians in its ability to turn things around, the Federal Government has begun the process...
By Ali Smart… When will the much hyped Petroleum Industry Bill (PIB) be passed into law? Is it going to have a smooth passage this time...
God Is Good Motors Limited, (GIGM) one of the nation’s leading transport companies on Thursday unveiled its new logo, GIGM.com, and new ultra-modern terminus located in...
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says that he had received the Presidency’s approval to commence the final phase of the restructuring of...
With nearly three advancers to a decliner, widespread bargain-hunting lifted the Nigerian equities from the red zone to the first gain in four trading sessions. The...
Seems the last has not been heard concerning the N1.4 trillion naira fine slammed on telecommunications giant, MTN by the Nigerian Communications Commission (NCC) for failing...
There were still more losers than gainers, but the momentum of the downtrend at the Nigerian stock market slowed down considerably yesterday as investors sought out...
In from Ali Smart . . . One of the assurances given by President Muhammadu Buhari during the electioneering campaign was that the value of the...
President Muhammadu Buhari will present the 2016 budget to a joint session of the National Assembly on Tuesday, 22nd of December. The President had yesterday written...
The Management of the Abuja Electricity Distribution Company (AEDC), Wednesday, said the alleged N125 million received from the Office of the National Security Adviser (ONSA) was...
The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has assured that two of the refineries may be revived by the end of December....
In from Ali Smart… As the Chinese would say, may we all live in interesting times. Certainly for Nigerians, the last 12 months have been quite...
After dropping to three-year low last week, Nigerian equities again dropped to new lows yesterday as concerns mounted that the expected increase of interest rate by...
After a two-day consecutive rally that closed the stock market last week, Nigerian equities opened this week in the red zone as widespread selling sentiments shaved...
A mild drama broke out on Monday as workers of Aero Contractors Airline staged a protest at the Murtala Muhammed Airport over alleged mismanagement of the...
