New VAT rate triggers rise in stock market transaction cost
STOCK market investors and operators will from today pay more as transaction cost for shares traded on the Nigerian Stock…
Author: Ekemini
Domestic debt service of N607b and quests for more
The Federal Government incurred a debt service bill of N606.87 billion on domestic obligations alone in just one quarter. This…
Manufacturing PMI drops to 59.2 index points in January — CBN
The Central Bank of Nigeria, CBN, said that the Manufacturing Purchasing Managers Index, PMI, dropped marginally to 59.2 index points…
Banks’ borrowing from CBN rises 215% to N19.5trn
BANKS’ borrowing from the Central Bank of Nigeria’s, CBN, rose by 215 percent year-on-year (y/y) to N19 trillion in 2019…
UK productivity slowdown worst since Industrial Revolution – study
The slowdown in Britain’s productivity growth over the last decade is the worst since the start of the Industrial Revolution…
Chinese shares drop nearly 9% amid fears of coronavirus impact
Stock markets in China have seen the biggest daily fall for five years as traders rushed to sell amid continued…
Cadbury’s revenue, profit beat estimates in 2019
Cadbury has published its UNAUDITED FY 2019 results announcing a 9.3% y/y increase in Revenue to N39.3bn in FY 2019…
Sterling Bank: Impressive growth in profit despite elevated OPEX
Sterling Bank (Sterling) released its FY 2019 UNAUDITED report, with Gross Earnings coming in flat at N149.5bn, in line with…
Interswitch Limited lists N23 billion bond on NSE
The Nigerian Stock Exchange (NSE or The Exchange) has announced the listing of Interswitch Limited’s N23billion Bond on Friday, 31…
Konga restores investor confidence in Nigeria’s e-commerce
Co-Chief Executive Officer of Konga, Nnamdi Ekeh, said despite investors’ lack of interest in the e-commerce business in 2019, Konga…
Former Citibank executive offers financial literacy tips
A former Group Head, Corporate and Investment, Citibank, Hetty Ugboh, has tasked students to diversify their income resources efficiently across…
Guinness Nigeria: Revenue recovers but operating performance remains weak
On Thursday, Guinness Nigeria Plc released its H1 2020 financial report announcing 0.8% y/y increase in Revenue to N68.3bn in…
Courteville, Jaiz Bank, Transcorp lead gainers’ chart on Friday
Courteville Business Solutions, Jaiz Bank, Champion Breweries, Transcorp and Oando made the list of top gainers in the Nigerian Stock…
UK-AIS 27 Commercial Deals Worth Over 6.5bn Pounds
We are announcing 27 deals worth over 6.5bn pounds from across the African markets invited to this Summit and we…
MTN Group to sell 14% of its Nigerian business
MTN Group says it is looking to reduce its majority shareholding in its Nigerian subsidiary by 14%. Bloomberg reports that…
LAPO Microfinance Bank unveils ‘My Piking and I’
LAPO Microfinance Bank Limited has unveiled ‘My Pikin and I’, savings account designed to provide support for women and children…
JMG celebrates staff at 20 years anniversary
JMG has recognized its workers that have stayed over 20 years and 10 years in the company. The company gave…
Amazon returns to trillion-dollar market-cap club as shares soar 8%
Amazon (AMZN) handily topped consensus expectations in fourth-quarter earnings results, dazzling the Street and pushing shares above $2,000 apiece. The…
S&P 500 poised to turn negative for the year as losses hold
The S&P 500 was on track to close in negative territory on the year during Friday’s session. Each of the…
Relax! Coronavirus is Less Dangerous Than the Flu, Says Epidemic Expert
The danger posed the Wuhan coronavirus (2019-nCoV) is not as lethal as media reports would have you believe, according to…
FG targets $150 billion revenue from Zero-oil plan
Through the implementation of the zero-oil plan, which comprises of non-oil commodities, the Federal Government (FG) has disclosed that it…
Telecoms operators fined N2.9 billion over infractions
Four major telecommunication companies in Nigeria have been fined for various actions that contravene the rules and regulations of the…
Enyo, Cars45 partner on auto sales, servicing
One of Nigeria’s fuel retailing companies, Enyo Retail and Supply, has strengthened its partnership with Nigeria’s digital vehicle trading platform,…
Only 18.75% Lagos residents are registered taxpayers — LIRS
Lagos Inland Revenue Service (LIRS) has said that only 4.5 million or 18.75 per cent of the 24 million people…
IGR: 36 States, FCT record N986.29bn in 9months
The 36 States of the federation and the Federal Capital Territory (FCT) recorded Internally Generated Revenue (IGR) of N986.29 billion…
Volkswagen offers to buy all of Navistar for $2.9 bn
German auto giant Volkswagen said Thursday it wants to buy the part of American truck maker Navistar that it does…
Why bank customers abandoned 4.5 million current accounts
Bank customers have said that stringent procedures of commercial banks and charges have made them abandon current accounts. According to…
Amazon earnings beat expectations, shares surge
Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market…
NNPC swapped N3.04tn crude for refined products
A total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for refined petroleum products by the…
CIBN tasks manufacturers on backward integration for rapid growth
The Chartered Institute of Bankers of Nigeria (CIBN), has said the manufacturing sector has huge potential to become the livewire…