Nigeria: External Reserves Lose Momentum After July Rally
Nigeria’s external reserves could be heading toward the mid-July trough as it fail to sustain the momentum it started four…
Category: Local
Nigeria: Federal Government To Partner Stockbrokers For Double Digit Economic Growth
The Federal Government also reiterated its resolve to put an end to insecurity which has significantly dampened both foreign and…
Nigeria: Fuel Price Remains Until FG, Labour End Negotiations
The Petroleum Products Pricing Regulatory Agency on Sunday said the Petroleum Industry Act had signaled the full deregulation of the…
Nigeria: Capital Market Must Strengthened to Drive Production, Create Employment
The Director-General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda has expressed the need for the capital market…
Nigeria: Experts seek revival of initial public offerings
Participants at the just-concluded 2021 National workshop of the Chartered Institute of Stockbrokers (CIS) have underscored the need to develop…
Nigeria: Shareholders Disagree With Securities and Exchange Commission (SEC) Over N170bn Unclaimed Dividend
Shareholders of quoted companies in the country have disagreed with Securities and Exchange Commission (SEC) on the use of the…
Nigeria: Honeywell, Transcorp Dominate Stock Market Activities
The financial services industry dominated, in volume terms, last week’s transactions at the equities sector of the Nigerian Exchange Limited…
EFCC Asks Banks To Report Fraudulent Election Financing, Forex Malpractices
Abdulrasheed Bawa, chairman of the Economic and Financial Crimes Commission (EFCC), has asked banks to collaborate with the agency in…
Customs Illegally Engaging Soldiers For Operations — Senator
Senator Francis Fadahunsi, has disclosed that officials of the Nigerian Customs Service, NCS, going out on field operations are accompanied…
30% Frontier Exploration Not From NNPC Profit… Energy Analyst Clarifies Five Misconceptions In PIA
The signing into law of the Petroleum Industry Bill (PIB) by President Muhammadu Buhari has continued to elicit different reactions from…
Twitter Agrees To Seven Out Of Ten Demands – Nigerian Govt
The Federal Government says from the 10 demands put forward to lift Twitter suspension, the microblogging and social networking platform…
Nigeria: 20 Years On: Telcos Attain 297m Phone Lines, Fail On Financial Inclusion, Security
Despite opportunities the telecommunications revolutions have offered the country this 20 years, especially with 297 million telephone lines connected, insecurity…
Internet Of Things (IOT) Adoption Rising Across Industries In Nigeria, Says Expert
The number of companies across the different sectors of the Nigerian economy adopting emerging technologies like the internet of things…
Nigerian Currency Depreciates Further To N520/$1
The Naira weakened for a second trading session at the unregulated segment of the foreign exchange (forex) market on Thursday,…
Lawmakers Fume Over FG’s Plan To Borrow N5.62tn, Tackle MDAs Hiding Revenue
The House of Representatives yesterday expressed displeasure over the way some Ministries, Departments and Agencies (MDAs) conceal their revenues, thereby…
Stop Borrowing Dollars, Borrow Sense: Naira On Its Way To A Thousand To A Dollar
Suddenly the naira shot through to five hundred and twenty five to the dollar at the unencumbered parallel market after…
Pounds Falls To One-Month Low As Edgy Investors Buy Dollars
Sterling touched a new one-month low against a robust dollar on Friday and also slipped to a one-month low against…
Kyari Urges Greenfield Refinery To End Product Importation
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has urged members of the Board…
Shippers Going Bankrupt, Unable To Repay Loans’
President, Shippers Association of Lagos (SAL), Rev. Jonathan Nicol has said that Nigerian shippers are going bankrupt, as they are unable…
Buhari Sign New Law To Overhaul Oil Industry
Nigerian President Muhammadu Buhari signed into law long-awaited legislation to overhaul the oil and gas industry in Africa’s biggest crude…
Petroleum Industry Act (PIA): Clarify 3% Host Community Allocation, Lagos Chamber of Commerce and Industry (LCCI) tells FG
The Lagos Chamber of Commerce and Industry has urged the Federal Government to create more understanding about the three per…
Financial, Regulatory Stability Key to Financial Inclusion Growth, Say Experts
Experts in the financial inclusion ecosystem have highlighted the importance of financial and regulatory stability among financial regulators, FinTech developers…
Federal Government Raised N669billion From Capital Market Via SUKUK Bonds
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, said the Federal Government raised about N669billion from the Nigerian…
Stock Market Hits Four-Month High, Investors Gain N65billion
Equity investors in the Nigerian Exchange Limited gained N64.93bn on Thursday as the NGX All-Share Index rose by 0.32 per…
Twitter, Digital Platforms To Pay Tax As FIRS Targets N10.1trn Revenue In 2022
The Federal Inland Revenue Service (FIRS) has set a revenue target of N10.1 trillion for 2022. Mohammed Nami, executive chairman…
Nigerian City Bans Beggars And Hawkers
The Lagos state government in Nigeria has banned street begging and has formed a special team to stop the “menace”,…
Seized Cash Worth $4.7 Billion Fuels Nigerian Political Fight
Nigeria’s state governors sued the federal government for allegedly failing to share billions of dollars in confiscated funds with their…
Nigeria’s Central Bank Reportedly Freezes Accounts Of Chaka, Bamboo; What Happens To Your Investments?
A Federal High Court sitting in Abuja has granted the Central Bank of Nigeria an order to freeze the accounts…
Naira Abusers Risk Jail Terms, Central Bank Of Nigeria Warns
The Central Bank of Nigeria (CBN) has disclosed that it is working with the Nigeria Police Force (NPF), Federal Inland…
Central Bank Of Nigeria Moves To Strengthen Cybersecurity In Other Financial Institutions
The Central Bank of Nigeria (CBN) yesterday moved to strengthen cyber resilience of Other Financial Institutions (OFIs) under its regulation…