Oil Prices Edge Down As Investors Weigh Rising Supplies, Demand Outlook
Oil prices edged down on Friday as investors weighed rising supplies from major producers and the impact on fuel demand…
Category: Local
Central Bank Nigeria Freezes Another 194 Accounts Of Firms, BDCs, Others
The Central Bank of Nigeria on Thursday said it got orders from the Federal High Court, Abuja division, to freeze…
Shoprite: Trade, Forex Policies, Others Hurting Businesses, Says LCCI
Against the backdrop of the move by Shoprite Holdings Limited to exit its Nigeria operations, the Lagos Chamber of Commerce…
MTN Partners fintechs As Talks With Banks Lingers
MTN has activated a number of new channel partnerships with fintech companies as the company continues meeting with the commercial…
SEC Warns Against Proliferation Of Unregistered Investment Platforms
The Securities and Exchange Commission (SEC) has warned the investing public to be wary of the proliferation of unregistered online…
Nigeria Generated $150m From Coconut Oil In 2020 – Minister
The Minister of Agriculture and Rural Development, Sabo Nanono, on Wednesday in Benin disclosed that Nigeria generated $150m from the…
CBN Freezes 11 Bank Accounts
The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to…
Govts, Organisations Urged to Increase Opportunities for Women
Governments at all levels as well as operators of private organisations have been advised to increase both leadership and economic…
A Basic Knowledge Of The Nigerian Stock Exchange Demutualisation
The recent news of the demutualisationof the Nigerian Stock Exchange flooded the markets with great excitement following its long anticipation.…
UAC Records N7.1Bn Capital Returns To Shareholders
UAC Plc has recorded capital returns of N7.1 billion for its shareholders in the audited financial year ended December 31,…
NSE Resumes From Easter Holidays With N78bn Loss
The Nigerian stock market resumed after the Easter public holidays on Tuesday with a loss of 0.39 per cent due…
Microfinance Banks Seek Extension Of Recapitalisation Deadline
Microfinance banks in Nigeria will not be able to meet up with recapitalisation requirement of the Central Bank of Nigeria, within…
Kano NLC Suspends Proposed Strike, Accepts N18,000 Minimum Wage
Nigeria Labour Congress (NLC) has suspended its proposed industrial action after accepting the Kano State Government’s decision to revert salaries…
Jaiz Bank’s Profit Rises By 45%
Jaiz Bank Plc, a non-interest bank in Nigeria, said its profit before tax rose by 45.31 per cent to N3.07bn…
Dangote Launches Drivers’ Training Centre To Curtail Crashes
As part of measures to curb road traffic crashes (RTC), the Dangote Cement Plc has launched a drivers’ training centre…
Sujimoto Plans 80 Projects Worth $10bn By 2030
The Managing Director/Chief Executive Officer of Sujimoto Group, Sijibomi Ogundele, has disclosed his company’s plans to complete 80 malls, hotels…
Pensioners May Picket Airports Over Payment Disparity
The Nigerian Union of Pensioners, Federal Airports Authority of Nigeria branch, has concluded plans to embark on a nationwide protest…
Nigeria Generated $150m From Coconut Oil In 2020 – Minister
The Minister of Agriculture and Rural Development, Sabo Nanono, on Wednesday in Benin disclosed that Nigeria generated $150m from the…
Petrol Right Pricing, VAT Hike To Increase Govt Revenue – Dangote
President of Dangote Group, Alhaji Aliko Dangote, on Wednesday said government could not function without tax payment, increase Value Added…
Central Bank Nigeria Freezes 11 Bank Accounts
The Central Bank of Nigeria on Wednesday said it got an order from the Federal High Court, Abuja division, to…
Billionaires List: Dangote, Adenuga, Rabiu’s Wealth Rises By $5.7bn
The combined net worth of three of Nigeria’s richest persons increased by $5.7bn in one year to $22.5bn, according to…
Oil Prices Rise On Stronger Economic Outlook, U.S. Stockpile Draw
Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a…
Nigerian Stock Exchange CEO Oscar Onyema Completes Tenure, To Head NGX Group
Oscar Onyema, the Chief Executive Officer of the Nigerian Stock Exchange has completed his tenure. Onyema, 52, assumed the position…
FG Opens April Savings Bonds
The Federal Government has through the Debt Management Office opened the April savings bond offer to investors. The DMO on…
FMDQ Exchange To Commence Derivatives Trading Soon
FMDQ Securities Exchange Limited yesterday said that the implementation of its derivatives market development project was nearing completion to enable…
‘Nigeria Can Export $3bn Worth Of Cocoa Derivatives Under AfCFTA’
The federal government has disclosed that by taking advantage of the African Continental Free Trade Area (AfCFTA), Nigeria has the…
AMCON Plans To Operate Arik, NG Eagle Side-By-Side
The state-owned Asset Management Corporation of Nigeria (AMCON) intends to retain Arik Air (W3, Lagos) alongside its new start-up NG Eagle (XGE, Lagos), at least until…
Nigeria Heading For The Brink, Mohammed Warns, Urges Restraint
With growing insecurity across the country, secessionist agitations and ethno-religious crisis, the Minister of Information and Culture, Alhaji Lai Mohammed,…
DPR Revokes Addax Petroleum’s Four Oil Blocks For Non-Performance
The Department of Petroleum Resources (DPR) has revoked four Oil Mining Licences (OMLs) belonging to Addax Petroleum due to the…
Mobile Money: GSMA Tasks Nigeria On Telco-Led Sector
As African countries continue to blaze the trail in world mobile money growth, Sub-Saharan Africa, however has the largest number…