As part of efforts to ensure that Nigerians enjoys regular supply of fuel, and to optimize the nation’s refining capacity, the Kaduna Refinery will resume the...
Nigerian equities pulled back from the steep decline that greeted Tuesday’s JP Morgan announcement of removal of Nigerian bonds from its government index. Against the background...
The Nigerian stock market expectedly reacted sharply but negatively to Tuesday’s announcement of the delisting of Nigerian government bonds from the JP Morgan’s emerging markets bond...
Diageo Plc, the parent company of Guinness Nigeria Plc, yesterday (Wednesday) announced that it plans to acquire additional equity stake to increase its majority equity stake...
In from Success Allantee … The benchmark index at the Nigerian stock market rose for the third consecutive day yesterday as investors dug deeper into value...
In from Success Allantee … Nigeria might be at a risk of enormous capital flight as JP Morgan has said it would delist the country from...
In from Success Allantee … The Nigerian stock market reopened yesterday with sustained positive sentiments as investors took positions in undervalued stocks ahead of the expected...
One of Nigeria’s leading banking institutions, FBN Holdings Plc, Monday evening announced major changes to its leadership team that will take effect January 1 2016. Folake...
In from Ali Smart … As part of efforts to assist ailing companies in the country from going under, the Corporate Affairs Commission (CAC) has set...
Following a review of toxic crude oil for refined products swap contracts, the NNPC has been able to recover about N55 billion ($227 million). Senior Special...
In from Ali Smart … In its quest to boost the revenue profile of the Federal Inland Revenue Service (FIRS), the Acting Executive Chairman (FIRS), Mr....
In from Ali Smart … Nigeria Postal Services (NIPOST) has the potential to generate at least N1trillion annually into the national coffers, the Senior Assistant Postmaster-General,...
Nigeria economy appears to be enjoying high profiling as it has moved up five steps in the World Bank recent ranking on the ease of doing...
The Senate through its Ad- Hoc Committee on Waivers is likely to summon ministries, departments and agencies of government including the Federal Ministry of Finance, the...
Nigeria is set to host the second edition of World Pension Summit (Africa Special) slated for October 5 and 6. The Director-General of National Pencom Commission,...
A whopping N814.78billion will be auctioned through Treasury Bills by the Central Bank of Nigeria (CBN) in the fourth quarter of the year. Specifically, the apex...
In from Ali Smart … The World Bank is in a dilemma. Reason: it is cash-strapped and is subsequently asking for lifelines from wait for this:...
The board of directors of United Bank for Africa (UBA) Plc on Thursday declared interim dividend of N7.2 billion as the bank’s half-year earnings report showed...
By Richard Branson … When you think about innovation, do you think about Silicon Valley and technological advances and companies with big research and development budgets?...
In from Success Allantee … After a four-day rally orchestrated by intense bargain-hunting and increased demand for equities, selling pressure re-emerged yesterday at the Nigerian Stock...
Gabon is the latest country to become a member of the Africa Finance Corporation (AFC), after signing the Corporation’s Instrument of Accession and Acceptance of membership...
In from Success Allantee … The Nigerian stock market yesterday rode on the back of a strong sense of optimism and increased demand for shares to...
The amount of electricity supplied by the Transmission Company of Nigeria (TCN) which peaked at 4,810.7 megawatts (Mw) on August 25 dropped to 4,029.83Mw at the...
The Federal Inland Revenue Service under the new leadership of the Babatunde Fowler has revealed that only 125,000, amounting to 27.7 percent of the 450,000 companies...
In from Ali Smart … The Central Bank of Nigeria (CBN) has taken strategic steps to ensure that the level of fraud arising from e-payment transactions...
Of about 285 Nigerian companies that submitted applications and underwent screening for the establishment of private refineries in the country, only 65 were able to scale...
In from Success Allantee… Nigerian equities remained in the red as the third consecutive day of losses pushed the average year-to-date return at the stock market...
In from Ali Smart … For states government still struggling to pay salary arrears owed workers in their various states, the Central Bank of Nigeria (CBN)...
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...
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...
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...
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...
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...
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...
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 suffered a major reversal last week as intense selling pressure and low demand shaved off N253 billion from market...
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 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...
In from Success Allantee … The Securities and Exchange Commission (SEC) Nigeria’s capital market regulator, is closing four of its seven zonal offices and cutting down...
Flour Mills of Nigeria Plc plans to offer 1.09 billion ordinary shares of 50 kobo each to existing shareholders at N27.50 per share, according to a...
In from Success Allantee … The latest losing streak at the Nigerian stock market entered its fourth consecutive day as increased shares supply and recourse to...
In from Success Allantee … Nigerian equities suffered a third day of consecutive decline yesterday as more investors piled up sales orders, forcing the overall market...
In from Ali Smart … Jaiz Bank has been appointed as the sole collector of Hadaya (Qurbani or animal sacrifice) collections from intending pilgrims to Saudi...
Bank in the country have moved to cut down on the amount of cash customers are entitled to withdraw from Automatic Teller Machines (ATMs) and foreign...
In from Success Allantee … There is material uncertainty that casts doubts on the ability of Multiverse Plc to continue as a going concern, the auditors...
