CBN Reports Slow Economic Activities In February
Business activity, production level, new orders, supplier delivery time, employment level and raw materials inventories grew at a slower rate…
Year: 2020
Naira falls N413 to dollar at forward market
The naira on Friday depreciated past N400 to dollar at the forward market after Nigeria recorded its first case of…
Forex: Turnover in I&E up by 46% to $8.2bn in Feb
THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign exchange market grew by…
Stock market down by 4.28%, highest in 47 weeks
Nigerian stocks suffered the highest weekly loss since April 2019 as sell pressure dominated market activities on increasing regulatory pressures…
FG policies on palm oil industry fail
THERE are indications that the government’s policies on palm oil industry have failed with leading companies in the industry recording…
Fidelity Bank rewards customers with N68m in GAIM 4
FIDELITY Bank said it has so far rewarded its customers with N68 million in its ongoing Get Alert in Millions…
It’s unpatriotic to sell rice above N15,000 – Minister
The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has said it is unpatriotic for rice producers to sell…
Coronation Merchant Bank, IFC partner on N14.4bn facility
Coronation Merchant Bank said it partnered with International Finance Corporation to launch an N14.4bn Trade Finance Guarantee facility to boost…
Firstbank wins 2019 oil and gas banker award
FIRST Bank of Nigeria Limited was recently presented with the Oil and Gas Banker of the Year 2019 award at…
Gas supply from Nigeria to Ghana, others resumes
The West African Gas Pipeline Company Limited has said it is resuming its supply of natural gas from Nigeria to…
Coronavirus: Stakeholders worry about surveillance at Nigeria’s international airports
Following the announcement of the first case of coronavirus in Nigeria, aviation experts have called for better surveillance at all…
CORONAVIRUS: Oil price drops below Nigeria’s 2020 budget benchmark
Nigeria’s budget estimate appears threatened as oil price drops $5 below the 2020 benchmark on global fears over the impact…
Olam’s pilot farming project to boost tomato value chain
Olam Nigeria’s Vice President in charge of Farming Initiatives, Reji George, has disclosed that preliminary results from its pilots farming project…
Total Is Said to Bid for Stake in $7.4 Billion U.K. Wind Farm
French oil company Total SA is among the final bidders for a stake in an offshore wind farm that may…
It was a hellish week to be a billionaire
It was a bad day to be a billionaire. As stocks plummeted worldwide Monday on coronavirus fears, the 10 richest people in…
Africa May Only See Impact of New Free-Trade Deal After 3 Years
The real impact of commerce under a Pan-African deal to establish the world’s largest free-trade area will probably only be…
Citadel, BlackRock, and D1 Capital are racking up hundreds of millions in gains as coronavirus fears tank airlines, cruises, and movie-theater stocks
What might end up being the worst week for stocks in over a decade hurt a little less for some…
Warren Buffett discussed Apple, bitcoin, coronavirus, and Bernie Sanders in an interview this week.
Warren Buffett is renowned for making witty and insightful comments that many investors turn to for guidance. The 89-year-old investor…
Coronavirus: Hamzat Reveals Italian Man Was In Ogun State Before Bringing Virus To Lagos
The Deputy Governor of Lagos state, Obafemi Hamzat, was on TVC this morning where he revealed that the Italian man…
‘Airtel records 1.022 fibre cuts’
Airtel Nigeria says it has experienced 1,022 fibre cuts in the past eight months, which have affected its network quality…
Ecobank Nigeria appealing Tribunal Judgment on disputed FIRS tax liability
Ecobank Nigeria wishes to provide its position on a statement released by the Federal Inland Revenue Service (FIRS) on the…
Shipping lines may lose $1.7bn to Coronavirus – Report
A Copenhagen-based analysis company, Sea-Intelligence, has predicted that international shipping lines may lose $1.7bn in revenue following the impact of…
Nestle Nigeria Plc appoints new Director
Nestle Nigeria Plc has appointed Mrs Juliet Ehimuan as an Independent Non-Executive Director. The appointment is said to have taken effect from February 24, 2020. Ehimuan’s appointment was announced in…
NNPC to begin gas pipeline construction by Q2 2020
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the construction of the Ajaokuta-Kaduna-Kano gas pipeline would commence in the second quarter…
FG orders forensic audit of Discos
The National Economic Council on Thursday ordered a forensic audit of the electricity Distribution Companies in the country, particularly their…
FG facilitates $20m tech fund, N90bn agripreneur loan
To further drive its support for micro, small and medium enterprises (MSMEs), the federal government has facilitated a $20 million…
Sell-off in MTN, Ecobank drags equities down by 0.22%
The equities market sustained its bearish performance on Wednesday, on the back of sell-off on the shares of MTN Communication…
Lafarge Africa rewards customers
Lafarge Africa Plc has rewarded its customers during its Customer Award event held in Lagos. The event was an opportunity…
PoS transactions fall by 16%
Financial sector experts are divided over the 16 percent month-on-month, MoM, decline in the value of Point-of-Sale, PoS, transactions in…
Dangote Cement reports N201bn profit after tax
Dangote Cement Plc has posted a profit after tax of N200.521bn for the financial year ended December 31, 2019 as…