Real Time Financial News Website
What might end up being the worst week for stocks in over a decade hurt a little less for some asset managers. BlackRock, Citadel, D1 Capital, and Adelphi Capital were…
Warren Buffett is renowned for making witty and insightful comments that many investors turn to for guidance. The 89-year-old investor and Berkshire Hathaway CEO offered several gems about Apple, bitcoin,…
A Copenhagen-based analysis company, Sea-Intelligence, has predicted that international shipping lines may lose $1.7bn in revenue following the impact of coronavirus outbreak on the international shipping sector. The research agency…
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…
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the construction of the Ajaokuta-Kaduna-Kano gas pipeline would commence in the second quarter of 2020. The corporation’s Group Managing Director, Mallam…
To further drive its support for micro, small and medium enterprises (MSMEs), the federal government has facilitated a $20 million technology fund for young innovators through Bank of Industry (BoI),…
Financial sector experts are divided over the 16 percent month-on-month, MoM, decline in the value of Point-of-Sale, PoS, transactions in January 2020. Vanguard analysis of the latest data from the…
Dangote Cement Plc has posted a profit after tax of N200.521bn for the financial year ended December 31, 2019 as against a profit of N390.325bn posted in 2018, representing a…
Shoprite Holdings Limited’s decision to sell some properties and lease them back is to free up cash to invest in technology, growing online sales and upgrading supermarkets to offer more…
Electricity distribution companies, under the aegis of Association of National Electricity Distributors, has said they had not received any subsidy from the Federal Government since the privatisation of the power…
ONDO State Governor, Rotimi Akeredolu, has said the development of a deep seaport project in the state will generate more than N500billion investment to the host communities in Ilaje Local…
Warren Buffett waited until the very last page of his annual shareholder letter to reveal a big change: Shareholders will be hearing more from top lieutenants Ajit Jain and Greg…
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of Nigeria. The appointment of the firm, as announced by the…
Nigerians should be prepared to pay cost-reflective electricity tariffs in order to enjoy the benefits of the liberalisation of the power sector, the government-owned Transmission Company of Nigeria has said.…
The PricewaterhouseCoopers (PwC) has projected Nigeria to be among the world’s fastest-growing Entertainment and Media (E&M) industry in the next five years. This is occasioned by shifting consumer preferences, rapid…
The Standards Organisation of Nigeria (SON) may have come under pressure from dealers of fake and sub-standard products following the Agency’s intensified efforts to rid the country of such products.…
Popular soft drinks manufacturers, Messrs 7-Up Bottling Company, makers of Pepsi, and Rites Foods Limited, makers of Bigi drinks were recently invited by the Nigerian Senate to resolve the issue…
The Manufacturers Association of Nigeria has said that the continued closure of the country’s land borders is unsustainable as many genuine businesses are suffering, and some are at the verge…
THE Infrastructure Concession Regulatory Commission has commended the management of SIFAX Group for its level of compliance with the terms of agreement stated in the concession signed with the Federal…
THE leadership of the Association of Nigeria Licensed Customs Agents, ANLCA, has pledged to partner with the Standard Organisation of Nigeria, SON, in ensuring that Customs agents do not act…
REFINED petroleum products still dominate the nation’s import chart as over 316,247 metric tonnes of different refined petroleum products were brought into the country through the various sea ports within…
The International Monetary Fund (IMF) has reviewed its projected GDP for Nigeria from 2.5% to 2% in 2020. The global lender attributed the forecast to the expected fall in revenue…
The African Development Bank is to support the implementation of the Special Agro-Industrial Processing Zones project in Nigeria with $300m. Senior Special Adviser on Industrialisation to AfDB President, Prof. Oyebanji…
Ikeja Electric Plc says its tariffs will go up by 50 per cent beginning from April. The Disco disclosed this in a letter to Nigerian Electricity Regulatory Commission dated February…
The National Salaries Incomes and Wages Commission has developed a five -year strategic plan to enable it to achieve its mandate. The acting Chairman of the commission, Ekpo Nta, said…
The effect of the ban of commercial motorcycles in some key areas in Lagos is gradually creating holes in the pockets of some residents, as they are forced to use…
Harmattan hays have caused flight cancellation and delay in the Nigerian Aviation sector grounding foreign airlines throughout the week. The harmattan has led to poor visibility for the planes intending…
The Director-General of the Bureau of Public Enterprises, BPE, Mr Alex Okoh, has advised against re-nationalisation of the nation’s electricity power assets. He also projected that the bureau would raise…
THE Nigerian Liquefied Natural Gas Company, NLNG has said that it has completed about 83 percent of its Nigerianization process with a view to meeting the 100 percent target by…
Gas producers, Shell and the Nigerian National Petroleum Corporation (NNPC) have lamented over the poor electricity supply in Nigeria despite the abundant energy resources the country has. According to the…