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United Capital Trustees gets new CEO
United Capital Trustees, a subsidiary of United Capital Plc, has appointed Michael Thomas as its new Managing!-->…
Tax expert cautions FG against implementing 10 per cent VAT
Former Ogun State Commissioner for Finance, Mrs. Morenike Babington-Ashaye, has cautioned the Federal Government!-->…
PFAs diversify assets as equity stake jumps 40%
Nigeria's Pension Fund Administrators (PFAs) have increased their equity investments by 40% in just one year,!-->…
Why We Approved Crypto Exchanges- SEC
The Securities and Exchange Commission (SEC) of Nigeria recently approved two cryptocurrency exchanges, Busha!-->…
Delisting: Shareholders’ stance unchanged amid PZ Cussons’ N28bn negative equity
Shareholders of PZ Cussons Nigeria are pushing back against the company’s plan to delist from the Nigerian!-->…
Yield-hungry investors subscribe Nigerian Treasury Bills with N1.13 trillion
Investor interest in Nigerian Treasury Bills (NTBs) surged at the recent auction held on September 4, 2024, as!-->…
Shettima inaugurates $115m upgrade of APM terminals west Africa container terminal
Vice President Kashim Shettima officially inaugurated a $115 million upgrade project at the West Africa Container!-->…
Nigerian PMI Report: August Sees First Economic Expansion in Over a Year
In August 2024, Nigeria's Purchasing Managers' Index (PMI) showed its first economic expansion in 13 months. The!-->…
Nigeria’s exchange rate weakens to N1,625.88/$1, worst in six months
On August 4, 2024, the naira fell to a six-month low of N1,625.88 per dollar in the official NAFEM market, marking!-->…
$500m domestic dollar bond result expected Friday
The Federal Government of Nigeria is set to announce the results of its $500 million domestic US dollar bond by!-->…
Petrol price hike: NLC cries foul, threatens strike
The Nigeria Labour Congress (NLC) has called on the federal government to immediately reverse the recent increase!-->…
Sovereign Trust Insurance pays N1.9bn claims in H1
Sovereign Trust Insurance Plc has reported disbursing N1.9 billion in claims during the first half of 2024. The!-->…
Power generation hits 5,313MW, first time in three years
Nigeria's power generation surged to a three-year high of 5,313 megawatts on Monday, according to the Federal!-->…
Air cargo demand rises by 13.6% – IATA
The International Air Transport Association (IATA) reported a 13.6% increase in global air cargo tonne-kilometres!-->…
Virgin Atlantic begins Accra-London flight
Virgin Atlantic has announced the re-launch of its daily flights between Accra, Ghana, and London Heathrow,!-->…
Oando director resigns
Oando Plc has announced the resignation of Mr. Tanimu Yakubu as a non-executive director, following his decision!-->…
EV firm Polestar taps former Stellantis finance executive as CFO
Polestar announced the appointment of Jean-Francois Mady, a former Stellantis finance executive, as its new CFO,!-->…
‘It’s falsehood,’ FG denies ordering NNPC to raise fuel price
The Federal Government has refuted claims suggesting that the Ministry of Petroleum Resources ordered the Nigerian!-->…
NGX, UNIMAID Sign Strategic Partnership to Promote Capital Market Education
The Nigerian Exchange (NGX) and the University of Maiduguri (Unimaid) have signed a Memorandum of Understanding!-->…
PremiumTrust Bank posts N47.8b gross earnings
PremiumTrust Bank achieved gross earnings of N47.80 billion and a profit before tax of N14.10 billion in 2023, as!-->…
Nigeria’s manufacturing sector plunges as GDP contribution declines by 20.95% in 6…
Nigeria's manufacturing sector has seen a significant decline in its contribution to the nation's GDP, dropping by!-->…
Equities market resumes September bullish, investors gain N123bn
The Nigerian equities market kicked off September on a bullish note, with investors’ wealth growing by N123.45!-->…
NCAA Clarifies Misconception Of U.S. Flight Ban For Nigerian Airlines
The Nigeria Civil Aviation Authority (NCAA) has addressed recent reports claiming a U.S. ban on Nigerian airlines,!-->…
DMO opens September bonds offer with 18.2% interest
The Federal Government of Nigeria, through the Debt Management Office (DMO), has launched its September 2024!-->…
Petrol scarcity: No respite as marketers run out of stock amid slump in imports
Nigeria's petrol scarcity crisis has deepened, with fuel marketers struggling to replenish their dwindling stock!-->…
Equity market reverses loss with N117bn gain
The Nigerian Stock Exchange (NSE) rebounded on Thursday, recovering from the previous day's losses as investors!-->…
Manufacturing grows by 1.28%
In the second quarter of 2024, Nigeria's manufacturing sector recorded a year-on-year growth of 1.28%, according!-->…
CBN lifts suspension on bank borrowing, sets 31.75% lending rate
The Central Bank of Nigeria (CBN) has reinstated access to its Standing Lending Facility (SLF) following the!-->…
Reps Uncover Over N500b In Unused TETFund For Nigerian Universities
The House of Representatives has pledged to address the challenges preventing Nigerian tertiary institutions from!-->…
OVH Acquisition: CAC dissolves NNPC retail, Nueoil
The Corporate Affairs Commission (CAC) has dissolved NNPC Retail, the downstream arm of the Nigerian National!-->…