The downtrend at the Nigerian stock market brought the market to a new low yesterday as aggregate market value of all quoted companies on the Nigerian...
In from Ali Smart … Dr. Sam Amadi, Chairman, Nigeria Electricity Regulatory Commission (NERC) has hinted of plans to increase power generation to over 6,000 Mega...
In from Success Allantee … Nigerian equities lost N228 billion in five hours of trading yesterday as the worsening crisis in the China stock market triggered...
In from Ali Smart … Eleven states are to pay 14.83% interest to service their debts, Ripples has learnt. Director General of the Debt Management Office...
The Central Bank of Nigeria (CBN) says that energy companies in the country are indebted to commercial banks to the tune of about N3.673 trillion. This...
Following reports and allegations of alleged mismanagement of funds, and contract splitting in the Niger Delta Development Commission (NDDC) running into billions of Naira, President Muhammadu...
Instead of destroying local refineries tagged as illegal, Oil Producing Area Association of Nigeria (OPAAN) has appealed to the federal government to legalise such refineries, so...
The current cash crunch and liquidity flow that has hit the country which has made many states unable to pay salaries, may yet worsen as international...
Despite the deepening global market rout where some investors are counting losses, Alhaji Aliko Dangote, the President of Dangote Group and 10 others people are counting...
Investors in banking and insurance stocks were the worst hit in the downtrend that pervaded the Nigerian stock market last week, with banking and insurance investors...
The Nigerian Electricity Regulatory Commission (NERC) in line with a resolution passed by the Senate ordering it to look into complaints by consumer of electricity over...
By Chris Aligbe … Did President Olusegun Obasanjo knowingly or unknowingly yield to the grand deception that cost Nigeria billions of Naira? Did he and other...
In from Olumide Olaoluwa … The Federal Government is targeting generation and distribution of 5,000 megawatts of electricity by December. This was part of the outcome...
The Acting Comptroller-General of Customs John Atte has set a revenue target for Area Controllers, as he directed them to increase their weekly average revenue to...
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr Emmanuel Kachikwu has said that subsidy on petroleum products by government creates distortion in government...
In from Success Allantee … Nigerian equities again closed in the red yesterday as impressive earnings by first-tier banks failed to quicken investors’ appetite for quoted...
In from Success Allantee …. A leading Cote D’Ivoire’s insurance company, Sunu Assurances Vie Cote D’Ivorie, yesterday completed the acquisition process for 28.2 per cent equity...
In from Success Allantee …. The board of directors of Guaranty Trust Bank Plc has earmarked N7.35 billion as interim cash dividends as the bank released...
President Muhammadu Buhari has replaced the Director- General of Budget Office of the federation, Dr. Bright Okogwu with Yahaya Gusau. He also appointed Dr. William Fowler...
In from Success Allantee …. Access Bank Plc grew its gross earnings by 43 per cent in the first half as the bank’s net profit rose...
The EFCC is looking into how the Nigerian Investment Promotion Commission (NIPC) allegedly granted $4.5 million tax waivers to 20 oil companies which they are not...
In from Ali Smart …. Worried by the new dimension of money laundering across the world, the Central Bank of Nigeria (CBN) has raised the alarm...
In from Success Allantee … Dangote Cement Plc failed to reenact the dramatic change that staved off a negative market position on Tuesday as losses by...
In from Ali Smart… The controversy surrounding the missing N183.7billion from the coffers of the Niger Delta Development Commission (NDDC) is yet to be resolved, Ripples...
The National Bureau of Statistics, NBS, has said that between April and June 2015, Nigeria earned N2.512 trillion from the export of petroleum products. The NBS,...
Communities in Ikarama oil fields in Yenagoa Local Government Area of Bayelsa State may be at risk of fire outbreak and environmental pollution as the Shell...
In from Success Allantee … The Nigerian stock market broke away from its seven-day consecutive losing streak with a modest gain of 0.68 per cent as...
In from Success Allantee … The Investors’ Protection Fund (IPF) of the Nigerian Stock Exchange (NSE) currently has total net assets of N872 million but 379...
In from Success Allantee … Access Bank’s recent rights issue was undersubscribed by almost a quarter as the bank was able to raise N41.8 billion out...
In from Olumide Olaoluwa … All airlines operating in Nigeria are to undergo immediate comprehensive audit by the Nigerian Civil Aviation Authority (NCAA). NCAA’s Director General,...
In from Olumide Olaoluwa… President Muhammadu Buhari has ordered an investigation into the sale of Nigeria Telecommunications Company (NITEL). He gave the directive while receiving briefing...
By Michael Snyder… You can stop waiting for a global financial crisis to happen. The truth is that one is happening right now. All over the...
In from Success Allantee … Nigerian equities on Monday extended its recent losing streak to the seventh consecutive trading session with a whooping loss of N272...
President Muhammadu Buhari on Monday assured members of the Manufacturers Association of Nigeria (MAN) that his administration would reverse or abandon any economic policies inherited from...
Chairman of the Nigeria Electricity Regulatory Commission (NERC) Dr. Sam Amadi says that the commission cannot abolish the fixed charge for electricity consumers. Amadi said that...
In from Ali Smart … Former minister of finance, Dr Ngozi Okonjo-Iweala has denied recent allegations that a $1 billion China-EximBank loan for the Lagos-Kano rail...
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mr. Ibe Kachikwu stated on Sunday, that the Corporation would undertake a review of all Production...
In from Allantee Success … Discussions are currently underway between participants in major African securities markets of Nigeria, Kenya and South Africa to launch the cross-listing...
In from Success Allantee … Nigerian equities suffered a major reversal last week as intense selling pressure and low demand shaved off N253 billion from market...
In from Ali Smart … Governor Adams Oshiomhole of Edo State has described the gains of the immediate past administration of President Goodluck Jonathan in the...
Ever tried to change anyone’s behavior at work? It can be extremely frustrating. So often the effort produces an opposite result: rupturing the relationship, diminishing job...
By Joseph Edgar… I had always wanted to work with BGL ever since I left school, and after stumbling on that charismatic and visionary leader called...
Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mr. Emmanuel Kachikwu stated on Friday, that the days when the Corporation was perceived as a...
Who saw the recent sale of the Financial Times (FT) from Pearson to Nikkei for $1.3 billion coming? The sale of The Economist, also owned by...
The Group Managing Director, Nigerian National Petroleum Corporation (NNPC) Dr. Emmanuel Kachikwu, said on Thursday that more workers might be relieved of their jobs, in the...
Former Central Bank of Nigeria (CBN) governor, now Emir of Kano, Malam Muhammadu Sanusi II, has said that if government is serious about tackling corruption, the...
Zenith Bank opened another phase of its history yesterday with the declaration of its first-ever interim dividend. Shareholders would share about N7.85 billion as interim dividend,...
The downtrend at the Nigerian stock market extended to its fifth consecutive trading session yesterday as a flood of open sale orders rattled several highly capitalised...
President Muhammadu Buhari on Wednesday promised that his administration would give priority to ensuring steady electricity in the country, which he said would launch the country...
The fast rising use of communication Apps like WhatsApp and Skype, offering free calls and messaging using the Internet is eating deep into projected revenue earnings...
