Real Time Financial News Website
Nigeria’s debilitating energy shortages encumbering its development aspirations may soon be a thing of the past if a $10billion infrastructure investment by the Nigerian National Petroleum Corporation fully hits the…
The management of UAC Nigeria Property Development Company (UPDC) Plc has decided to redeem the 5-year bonds worth N4.36 billion it issued in 2018. The notes were due to mature…
The Nigerian Stock Exchange (NSE) has allayed fears of possible policy reversal that may reverse the current positive trajectory witnessed in the equity market in the past few months. The…
Nigerian equity market on Tuesday sustained its positive outlook as the overall performance measures, NSE ASI and market capitalisation, rose further by 1.20 per cent. However, the market breath closed…
Coca-Cola has appointed Alfred Olajide as it’s new vice president and managing director for its Nigeria operations A statement by the company said the appointment followed a reorganization of its…
Sweeping changes to the global labour market caused by the coronavirus pandemic will likely be permanent, policy makers said on Tuesday, as some industries collapse, others flourish and workers stay…
PayPal Holdings Inc said on Monday it had blocked a Christian crowdfunding site, GiveSendGo, after it helped raise funds for people who attended last week’s event in Washington when supporters…
Stocks took a breather on Tuesday, easing from record highs as political turmoil in Washington and rising coronavirus cases gave pause, though a selloff in U.S. Treasuries extended as investors…
As an immediate response to the rising price of petrol, and by extension, the return of fuel subsidy, the Federal Government has urged operators in Nigeria’s downstream sector of the…
The Federal Inland Revenue Service (FIRS) has said Nigeria lost about N5.4 trillion between 2007 and 2017 through tax evasion by multinational companies in Nigeria. Executive Chairman, Federal Inland Revenue…
Contrary to expectations, there are indications that Nigeria’s electricity sector has recorded huge set back since the private sector take-over seven years ago. Data obtained by Vanguard Energy last weekend…
The Registrar-General, Corporate Affairs Commission (CAC), Garba Abubakar yesterday warned that customers who refused to revalidate their accounts would not be accredited. Garba stated this at a briefing in Abuja,…
On the heels of the proposed establishment of Petroleum Host Community Fund in the Petroleum Industry Bill (PIB) currently at the National Assembly, the Partner, Tax, Regulatory and People’s Services,…
Dangote Cement Plc has announced the completion of the first tranche of its share buyback programme. According to a statement by the Deputy Company Secretary, Edward Imoedemhe, the commencement date…
The year 2020 appeared to be the year with the highest growth in the value of mutual fund assets in Nigeria as it rose by 51 per cent to N1.57…
The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose by 0.08 per cent. The market breadth closed on a…
In big blow to Donald Trump and the Republican party, Democrats appeared to have won the two senate seats in Georgia, that will give the party control of the Senate.…
The embattled Managing Director of First City Monument Bank (FCMB), Mr. Adam Nuru has reportedly volunteered to proceed on leave while the board of the bank begins investigation into the…
The Bank Customers Association of Nigeria (BCAN) late Sunday detested in unequivocal terms the attempt by some social media commentators and publishers to disparage the image of the First City…