A considerable weekend rally boosted a tepid week-long bargain-hunting to bring Nigerian equities to almost a break-even point, raising prospects that the stock market has bottomed...
The country may still need to depend on importation of fuel products for some time as the Federal Government would need about $500m to put the...
In from Timothy Enietan-Matthews . . . Independent petroleum marketers, have said that those responsible for the existing fuel scarcity in some parts of the country,...
Piqued by the traffic situation in Apapa axis of the state, attributed to the situation of tank farms and daily activities of petrol tankers in the...
In from Ali Smart . . . Improved trade relations between Nigeria and the European Union (EU) grossed €40 billion as at 2014, Ambassador and Head...
The Central Bank of Nigeria, Thursday evening, clarified that the Bank Verification Number, BVN, requirement for foreign exchange transactions poses no security risks to the bank...
In from Success Allantee . . . Nigerian equities showed further resilience on Thursday as the number of advancers increased and the momentum of losses waned...
The downtrend at the Nigerian stock market narrowed appreciably on Wednesday as more equities braced against the sustained decline, moderating the spread of the still negative...
The lower legislative house on Wednesday hinted of plans to probe the proposed N2.7billion severance package by the Nigerian Electricity Regulatory Commission. The House resolution was...
The Nigerian National Petroleum Corporation ( NNPC) on Wednesday disclosed that the Federal Government has released the sum of N413billion to oil marketers as outstanding subsidy...
The Central Bank of Nigeria, CBN, yesterday faulted the Financial Reporting Council’s indictment of Stanbic IBTC Holdings Plc, describing it as baseless and lacking in merit....
In from Success Allantee (Nation’s capital) . . . In what appears as a drastic policy turnaround, the Nigerian National Petroleum Corporation, NNPC, Tuesday, announced that...
In from Success Allantee . . . The Nigerian Stock Exchange (NSE) has slammed three separate fines on Oando Plc over the delay of its audited...
The Nigerian Extractive Industries Transparency Initiative (NEITI) has suggested a substantial reduction of crude oil allocation to the Nigerian National Petroleum Corporation (NNPC). The outgoing Executive...
Vice President Yemi Osinbajo has denied being part of any talks, or holding a meeting with MTN executives to negotiate the N1.4 trillion fine slammed on...
For every stock that recorded modest gain, there were more than two losers yesterday as the Nigerian stock market reopened for the November trading sessions after...
In from Ali Smart . . . For many who failed to enroll their Bank Verification Number (BVN) as advised by the Central Bank of Nigeria...
In from Ali Smart . . . From the Department of Petroleum Resources (DPR) has come a stern warning to petroleum marketers; sell above pump, face...
In from Ali Smart . . . The Board of Directors of Jaiz Bank Plc has approved the appointment of Mahe Abubakar as the acting Managing...
The Johannesburg Stock Exchange (JSE) on Monday, suspended trading in the shares of telecoms firm MTN, with a warming to shareholders and investors to be cautious...
In efforts to create robust internet infrastructure in all the 36 states in the country, the Nigerian Communications Commission (NCC) has said that it would issue...
In from Ali Smart . . . Increasingly, most banks in the country are becoming highly vulnerable these days to the antics of fraudsters masquerading as...
Telecommunications company, MTN Nigeria may have resolved with the Nigerian Communications Commission (NCC) on a model to adopt in the payment of a hefty N1.04 trillion...
The Nigeria National Petroleum Corporation (NNPC) says it recorded N38.67billion from the sale of downstream petroleum products in September, a drop from the N44.2 billion of...
Investors in the Nigerian stock market lost N701 billion in October as share prices of quoted equities continued to fall in spite of the inflow of...
Transcorp Hotels Plc has launched a N10 billion bond issue. The N10 billion Series 1 Senior Seven-Year 16.0 per cent fixed rate unsecured bonds 2022 is...
Even as the South African Stock Exchange (JSE) has launched a probe into the N1.4 trillion fine imposed by the Nigerian Communications Commission (NCC) on MTN...
Ahead of the October 31st deadline for the enrollment for the Bank Verification Number (BVN) many banks across the federation swarmed with customers who thronged the...
Against calls by prominent international organisations and individuals, including the International Monetary Fund (IMF) and former governor of the Central Bank of Nigeria (CBN) and now...
In from Success Allantee . . . The overall market position of the Nigerian stock market closed positive on Thursday after strong rallies by fast moving...
In from Success Allantee . . . First Bank of Nigeria (FBN) Limited and United Bank for Africa (UBA) have launched a powerful lobby to persuade...
In from Ali Smart . . . Apparently worried over the parlous state of the economy, the Central Bank of Nigeria (CBN) has set machinery in...
The reality of Nigeria’s economic woes may have become more glaring, as the Federal Government has massively cut back on the projected growth rate of the...
In from Success Allantee . . . The recent spike of downtrend at the Nigerian stock market entered the sixth consecutive trading session yesterday with quoted...
The lower legislative house on Wednesday summoned the Central Bank governor, Godwin Emiefele to come and explain the new guidelines requiring customers to provide their bank...
In from Ali Smart . . . The last may not have been heard of the Stanbic IBTC saga following the suspension of the bank’s directors...
The Nigeria Labour Congress, NLC, has called on Nigerians to ignore the call by the Emir of Kano, Muhammadu Sanusi II, asking the Federal Government to...
President Muhammadu Buhari, who is in Delhi, India for the 3rd India-Africa Forum Summit on Wednesday called on Indian businesses and their Chief Executives to expand...
The management of Ecobank Transnational Incorporated (ETI) Plc has said there were looming headwinds ahead and the profit of the financial services holding group might come...
In from Success Allantee . . . Skye Bank Plc grew its top-line by 33 per cent to N129.24 billion in the first nine months of...
In from Success Allantee . . . As more corporate earnings continued to flow in, Nigerian equities remained under pressure. More than two out of every...
In from Ali Smart . . . Unilever Nigeria results for the quarter ended September 2015 with a N13.97 billion turnover in Q3. The Company recorded...
In from Timothy Enietan-Matthews (Nation’s capital) . . . The International Monetary Fund (IMF) Tuesday, painted a gloomy picture of African countries predicting that if the...
In from Ali Smart . . . The incidences of electronic fraud in the banking sector seems to be on the increase, as Nigerian banks have...
The latest report from the World Bank has placed Nigeria as 169 out of 189 countries surveyed on the ease of business worldwide, moving the country...
The Nigerian National Petroleum Corporation (NNPC) on Tuesday commenced bid rounds for 278 oil companies in attempts to take care of over 20 unsold cargoes in...
Nearly three out of every four stocks that witnessed price changes at the Nigerian stock market yesterday ended in the red as investors continued to react...
Oando Plc recorded a pre-tax loss of N52.03 billion in the third quarter, continuing a string of losses that has significantly impaired the assets and share...
In from Success Allantee . . . The Nigerian Stock Exchange has indicted and sanctioned Union Diagnostic & Clinical Services Plc, an indigenous medical diagnostics company,...
The share price of MTN Group, owners of telecommunications company, MTN Nigeria fell by 12 per cent yesterday on the Johannesburg Stock Exchange (JSE), as news...
