Six months down the line, even with a newly constituted team, opinions are divided as to whether the President Muhammadu Buhari-led administration has what it takes...
The first trading session after the formal announcement of the cut in the benchmark interest rate by the Central Bank of Nigeria (CBN), Nigerian equities showed...
Seemingly desperate about the persistent scarcity of petroleum product in most part of the country, and how its efforts have not provided any remedy, the Nigerian...
The downtrend at the Nigerian stock market worsened Tuesday as investors continued their sell down on equities, pushing most share prices to close lower. The benchmark...
Despite assurances by stakeholders in the downstream sector of the petroleum sub-sector of an end to recurring fuel scarcity situation in the country, this is yet...
For the first time in about six years, the Central Bank of Nigeria (CBN) in a surprising move on Tuesday cut benchmark interest rate to 11...
The federal government is desirous of exploring gas for export to shore up its dwindling revenue. President Muhammadu Buhari gave the hint at the Third Summit...
In from Ali Smart . . . The Fiscal Responsibility Commission (FRC) on Monday hinted that it recovered over N360 billion from the operating surpluses of...
Most investors had expected it to be five hours of hopes and recovery after losing N245 billion last week, the first trading session of this week...
Jetvan Automobiles, authorized dealers of Mercedes Benz Sprinter vans, on Monday, opened the doors of its ultra-modern showroom and workshop located in the Lekki-Epe axis of...
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has started a process that might lead to revocation of licences of at least 94 capital...
The Central Bank of Nigeria (CBN) has given three banks a seven-month deadline to recapitalise and beef up their capital base after they failed to meet...
Nigerian equities continued to bleed profusely last week as a combination of foreign exchange crisis, policy uncertainties and weak corporate earnings sustained pressure on the share...
In from Olumide Olaoluwa . . . The National Economic Council (NEC) chaired by Vice President Yemi Osinbajo on Thursday approved sharing of $150 million from...
The demand-supply situation at the Nigerian stock market improved considerably yesterday as most stocks closed on the upside. While losses by a handful of highly capitalised...
Nigerian billionaire industrialist, Aliko Dangote remained at the top of Africa’s richest in the latest ranking published by Forbes Magazine. Dangote, who is among the richest...
The Nigerian equity market remained in the grip of the downers yesterday as continuing decline heightened uncertainties about the prospects of a recovery before the end...
President Muhammadu Buhari on Wednesday sent a 2015 supplementary appropriation bill to the Senate for approval. Bauhri wrote the Senate to approve of a proposal to...
For investors in the Nigerian stock market, this is not the best of times to take stock of one’s investments. Quoted equities dropped further yesterday and...
The Central Bank of Nigeria (CBN) on Tuesday justified its decision to imposed N8.819 billion fines on three lenders including First Bank of Nigeria Limited, United...
Power supply to electricity distribution companies from the Transmission Company of Nigeria (TCN) has dropped to 3,682 Mega Watts (MW). Specifically, it shed 372MW from the...
Foreign core investor in Dangote Flour Mills (DFM) Plc, Tiger Brands Limited- South Africa’s largest food company, has decided not to provide further financial support to...
Nigerian equities lost N107 billion in five hours of trading on Monday as the stock market reopened to a resurgent downtrend, which became more evident on...
In from Timothy Enietan-Matthews . . . Temporary respite came the way of telecommunications giant, MTN, as the Nigerian Communications Commission (NCC) has acceded to its...
As the deadline for telecommunications company, MTN Nigeria to pay the $5.4billion (N1.04 trillion) slammed on it by the Nigerian Communications Commission (NCC) expires today, there...
If the new minister for Solid Mineral, Dr Kayode Fayemi has his way, the days of illegal miners and their trade would soon come to an...
Nigerian equities remained on the negative side last week as the inauguration of the newly constituted Federal Executive Council (FEC) by President Muhammadu Buhari on Wednesday...
UAC of Nigeria (UACN) Plc has appointed Mr Dan Agbor as the new chairman of the board of directors to replace Senator Udoma Udo Udoma, who...
Many victims of insurgents, especially survivors have continued to count their losses thus far. One of them AshakaCem Plc, a subsidiary of LafargeHolcim reportedly lost over...
In from Ali Smart . . . The Nigerian National Petroleum Corporation (NNPC) has denied responsibility for the lingering fuel scarcity being experienced in major cities...
In from Ali Smart . . . If there is one ministry that would serve as the litmus test for the present administration, it is the...
The Minister for Communications, Mr Adebayo Shittu has made a case for telecommunications company, MTN Nigeria which was slammed with a whopping $5.2 billion (about N1.4...
Nigerian equities turned negative yesterday as investors await clear fiscal and monetary direction from the newly constituted Federal Executive Council (FEC). President Muhammadu Buhari on Wednesday...
In from Ali Smart . . . It does appears more heads may soon roll as the presidency has threatened to sanction the Central Bank of...
Guinness Nigeria Plc has said that all products of the company conform are produced in line with globally accepted code of good manufacturing practice (GMP), and...
Major equities on the Nigerian stock market showed considerable recovery yesterday as President Muhammadu Buhari swore in newly appointed Ministers into their respective offices. The two...
The nation stands to save $500million annually if the Nigerian Sugar Master Plan is fully implemented, the Executive Secretary, National Sugar Development Council (NSDC), Dr. Latif...
Resurgent profit-taking trading halted the budding upbeat that opened this week and threw Nigerian equities deep into the red. The two benchmark indices at the Nigerian...
In from Ali Smart . . . In efforts to shore up its finances, the Kwara state government has hinted of plans to obtain a N20...
If properly harnessed, the abundant coal reserves in the country can be used to create economic prosperity, thousands of jobs and solve the nation’s nagging energy...
The Nigerian Customs Service has generate a total of N747 billion as revenue in the last ten months, Comptroller General, Col. Hameed Ali (rtd) has said....
Guaranty Trust Bank (GTBank) Plc saw unusually large turnover yesterday at the Nigerian Stock Exchange (NSE) as investors staked N7.75 billion on the shares of the...
In from Ali Smart . . . One airline that held a lot of promise for the Nigerian traveling public was Virgin Nigeria Airways because it...
The Central Bank of Nigeria (CBN) has raised an alarm of a likely increase in Non-Performing Loans (NPL) in the banking sector due to the exposure...
In from Ali Smart . . . The crisis within Stanbic IBTC was again brought to the fore on Monday when the National Office for Technology...
In from Timothy Enietan-Matthews (Nation’s capital) . . . Skye Bank Plc has become the latest victim of the non compliance with the Treasury Single Account,...
In from Ali Smart . . . The Nigerian Electricity Regulatory Commission (NERC) on Monday fined the Abuja Electricity Distribution Company (AEDC) N18 million following the...
Following the recent $5.4billion (N1.4 trillion) fine imposed on the company by the Nigerian Communication Commission (NCC) the Group CEO of MTN, Sifiso Dabengwa on Monday...
In from Ali Smart . . . The Federal High Court in Lagos at the weekend stopped the Financial Reporting Council of Nigeria (FRC) from imposing...
In from Ali Smart . . . Time was when MTN Nigeria was the poster boy used by the nation’s telecoms industry regulator, the Nigerian Communications...
