Shares Maintain Free Fall, Indices Down By 0.49%

                            Activities on the Nigerian Stock Exchange (NSE) continued on the losing streak on Tuesday with the market indices extending... Read more »

Stock market struggles as index slips 0.79%

                           Sustained sell pressures took the centre stage at Monday’s trading session on the floor of the Nigerian Stock Exchange... Read more »

NCC remits N51.3bn to FG in Q1

                           The Nigerian Communications Commission (NCC), said it remitted a total of N51.3 billion to Federal Government’s Consolidated Revenue Fund... Read more »

Seplat’s $700m ANOH investment to address power deficit

                           Seplat Petroleum Development Company Plc’s planned $700 million Assa North /Ohaji South (ANOH) gas and condensate field project, at... Read more »

Facebook’s Libra Currency Under Fire

                              Facebook’s planned virtual unit Libra, already under heavy attack from US president Donald Trump and global regulators,... Read more »

AfDB Approves new Financing Programme for Energy Providers for off-grid Power

                               The Board of Directors of the African Development Bank Group has approved an innovative multinational financing program... Read more »

Afreximbank Targets $40bn Deals

                          The organisers of the Second Intra-African Trade Fair (IATF2020) expect it to surpass the achievements of the inaugural trade fair... Read more »

Ponzi scheme: SEC begins verification of 4,160 investors’ claims

                              The Securities and Exchange Commission has started verifying claims of 4,160 unpaid investors of the illegal investment scheme... Read more »

Mercedes retains top spot in premium segment

                         After the first six months of the year, Mercedes-Benz continues to be the leader among the premium car brands in... Read more »

Passport application in Nigeria rises to 1,011,158, says NBS

                            National Bureau of Statistics (NBS) yesterday said that the immigration statistics for 2018 reflected that a total of 1,011,158... Read more »

Nigeria to save $1bn annually from medical tourism

                               Tulsi Chanrai Foundation (TCF) in Abuja, a facility established to provide both free and billed eye surgeries... Read more »

NNPC Hints Of Fuel Pump Price Rise, Says N145 Cheapest In West Africa

                          Nigerian National Petroleum Corporation (NNPC) has hinted that pump price of premium motor spirit (PMS) may be increased soon,... Read more »

Gulf of Mexico Storm Pushes Oil Price to $66

                           Crude oil prices jumped three per cent to $66.08 a barrel yesterday, after major producers evacuated rigs in the... Read more »

Airtel Africa Finally Lists On Nigerian Stock Exchange With N1.36trn

                          After last week’s suspension of listing on the floor of the Nigerian Stock Exchange (NSE), Airtel Africa finally listed... Read more »

Telcos to NSE’s Rescue

                            The stock market is experiencing a bearish trend that has sent jitters down the spines of a lot of... Read more »

Jubaili Bros unveils PV-diesel hybrid system for cost efficiency, CO2 reduction

                             To reduce operating costs of industrial firms and level of carbon emission in the country, Jubaili Bros (Engineering)... Read more »

MOMAN seeks deregulation, denies NNPC’s N305/$1 claim on fuel importation

                            The Major Oil Marketers Association of Nigeria (MOMAN) has said total deregulation of the downstream sub-sector remains the best... Read more »

Presidential panel demands N684bn oil block renewal fee from Mobil

                             The Special Presidential Investigation Panel for the Recovery of Public Property says an oil giant, Mobil Producing Nigeria... Read more »

CBN injects $956m, CNY63m into forex market

                            The Central Bank of Nigeria (CBN) last month expended over $956 million to defend the nation’s currency, the Naira,... Read more »

Nigeria, 14 others constitute 40% of refugees globally –ECOWAS

                           Nigerians and other nationalities from the 14 West African sub region, constitute 40% of the 70 million refugees globally,... Read more »

Ghana named AfCFTA headquarters as AU targets $3.4trn economic bloc

                            African leaders last weekend named Ghana as the host of the future headquarters of the continental free trade zone... Read more »

Naira Closes at 359.3 to Dollar at Parallel Market

                          The naira on Monday traded at N359.3 to the dollar at the parallel market in Lagos. The pound sterling and... Read more »

PENGASSAN Sets Agenda for New NNPC GMD

                              Oil and gas workers on Monday identified obsolete refineries and pricing uncertainties as some of the areas... Read more »

CBN vows to end 1.2m metric tons frozen poultry importation

                        To grow local poultry production, the Central Bank of Nigeria (CBN) on Monday vowed to stop the illegal importation of frozen... Read more »

Airtel Africa To List In NSE On Tuesday – Bourse

                       Airtel Africa shares will be listed on the Nigerian Stock Exchange on Tuesday, the bourse said, after it postponed the $4.4... Read more »

Maritime workers urge IOCS, NNPC, others to end sector’s crises

                              Maritime Workers Union of Nigeria (MWUN) has tasked international oil companies (IOCS), the Nigeria National Petroleum Corporation (NNPC),... Read more »

Over 80 million jobs to go due to increase in heat stress – ILO

                         The International Labour Organisation (ILO) has predicted that an increase in heat stress resulting from global warming is projected to... Read more »

Nigeria’s Zero Oil Plan targets $150bn revenue, says Awolowo

                        The Executive Director, Nigerian Export Promotion Council ( NEPC), Mr Segun Awolowo, says plans are on by the Council to raise... Read more »

Dangote To Own 50,000 Cows, Produce 500m Litres Of Milk By 2019

                                Aliko Dangote, president of Dangote Group, will own 50,000 cows by 2019, and produce 500 million... Read more »

Emefiele Hits the Ground Running with Fresh Real Sector Financing

                         Barely one month after he was confirmed for a second term in office as Central Bank Governor, Mr. Godwin Emefiele,... Read more »

NSE suspends Airtel listing

                           The Nigerian Stock Exchange (NSE) has said that the planned cross border secondary listing of 3,758,151,504 ordinary shares of... Read more »

We’re not getting forex at N305/$1, oil marketers lament

                        The Major Oil Marketers Association of Nigeria has said its members are not getting foreign exchange at N305 to a dollar... Read more »

NASENI decries lack of patronage from MDAs

                              The Executive Vice Chairman of the National Agency for Science and Engineering Infrastructure, Prof Mohammed Haruna, has expressed... Read more »

NNPC to review JV payment structure with IOCs

                         The Nigerian National Petroleum Corporation, (NNPC), said on Thursday it was planning to review its payment structure for energy joint... Read more »

Collaborate with regulators, MTN COO advises investors

                           The Chief Operating Officer, MTN Nigeria, Mr Mazen Mroue, has advised investors interested in doing business in Nigeria to... Read more »

Nigeria’s Capital Importation rises 34% to $8.5bn in Q1, 2019

                         National Bureau of Statistics (NBS) said that Nigeria’s total Capital Importaion in the first Quarter of 2019 rose by 34.6... Read more »

ECOWAS Adopts ECO As A Single Currency

                               Countries within the West African sub-region will be able to use a single currency from January 2020... Read more »

Oil hits $66 on cuts signal

                              Oil surged to a five-week high on Monday after Saudi Arabia and Russia signalled an extension of the... Read more »

Sec, Oando And The Overall Public/capital Market Interest

                           Unarguably, the decision, penultimate week to sanction the management of Oando Plc and the ensuing removal of its key... Read more »

NPA bequests archive to Nigerian Immigration Service

                           In furtherance to its strategic Corporate Social Responsibility programmes the management of the Nigerian Ports Authority has bequeathed a... Read more »

CBN Injects $242.04m, CNY 32.3m Into Retail SMIS

                                In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria (CBN)... Read more »

FG, states, LGs share N3.14tn from federation account in five months

                          Between January and May this year, the three tiers of government got the sum of N3.14tn as allocation from the... Read more »

NNPC cautions against disruption in fuel supply

                           Nigerian National Petroleum Corporation (NNPC) has cautioned all stakeholders in the downstream petroleum sector to avoid any act that... Read more »

Google in Aba, Nigeria to equip manufacturers

                           Google Nigeria on Wednesday announced the launch of the Google Digital Skills for Africa programme in Aba and other... Read more »

South Africa’s Mminele quits as central bank deputy governor

Daniel Mminele                            Daniel Mminele will retire as deputy governor of the South African Reserve Bank at the end of... Read more »

Govs review World Bank’s $4bn portfolio in Nigeria

                              The Nigeria Governors Forum (NGF) met in Abuja, yesterday, and reviewd the $4 billion World Bank intervention in... Read more »

$1.3b Tax Assessment: Witness’ absence stalls trial in MTN suit against AGF

                               A Federal High Court Lagos Wednesday adjourned until October 29 hearing in a suit filed by MTN... Read more »

Investors showing high level of demand for FG bonds — DMO

                               The Debt Management Office, says investors have in recent months been showing high level of demand at... Read more »

Pensions: States failed to remit N3.4bn deducted from workers’ pay, says PenCom

                             States operating the Contributory Pension Scheme refused to remit about N3.4bn pension contributions deducted from their workers monthly... Read more »

Jaiz Bank customer deposit hits N85bn

                           Jaiz Bank Plc, Nigeria’s premier non-interest bank has released its 2018 operating results, indicating that its total customer deposit... Read more »

NERC’s revenue hits N5.5b

                              The Nigerian Electricity Regulatory Commission (NERC) generated N5,535,581,000 as revenue in last year, The Nation learnt on Tuesday.... Read more »

NCC licenses Avanti for satellite space segment in Nigeria

                             The Nigerian Communications Commission has approved and presented a licence for the landing right permit to Avanti for... Read more »

CBN Plans Fresh Banks’ Recapitalisation As Capital Base Weakens By $3.5bn

                               The depreciation of the naira between 2004 when the last banking sector recapitalisation took place and now... Read more »

Emefiele unveils 5 years plan for CBN

                       The Central Bank of Nigeria (CBN) Governor, Mr Godwin Emefiele, says he will bring inflation to single digit within the next... Read more »

Airtel Africa receives pre-IPO interest worth $200m

                           One of the bookrunners handling Airtel Africa Ltd.’s planned initial public offering on the London Stock Exchange said on... Read more »

Oil prices gain amid tension between Iran, U.S

                          Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the... Read more »

Trade: China wants mutual respect for both countries

                        Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday,... Read more »

OLOP: SMEDAN Disburses N500m to SMEs

                              The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) said it has commenced disbursement of about N500... Read more »

FG set to inaugurate SEC board today

                            The Federal Government will today inaugurate the board of the Securities and Exchange Commission to be chaired by Mr... Read more »

External reserves: Anxiety mounts as debt service-to-revenue hits 70%

                              As Nigeria’s external reserves ebbed to $44.8 billion last Monday, from over $45 billion announced by the Central... Read more »