Stock Market Sheds N193bn As Investors Await Clarity On Demutualisation
The market capitalisation of the Nigerian Stock Exchange (NSE) has declined by N173 billion as the euphoria that greeted the…
Category: Local
Financial Crimes: We’re Focusing Searchlight On Bankers, Says Bawa
In its renewed poise to clamp down on financial crimes in the country, the Economic and Financial Crimes Commission (EFCC)…
Nigeria Has Only 0.33% Share In Global Trade, WTO DG Decries
The Director-General of the World Trade Organisation (WTO), Dr Ngozi Okonjo-Iweala, has said that Nigeria’s 0.33 per cent share in…
Nigerian Stock Exchange Resumes New Trading Week With 0.22% Loss
The local bourse resumed the first trading week on a bearish note with key performance indicators dropping by 0.22 per…
Central Bank Of Nigeria Introduces New Charges For USSD Services
The apex bank said from Tuesday customers will pay a flat fee of N6.98 per transaction every time they use…
I Wish Dangote Refinery Existed Years Ago – Okonjo-Iweala
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, said Nigeria would have started producing its own refined…
Federal Government Inaugurates National Livestock Breed Improvement Programme
The Federal Government on Monday inaugurated the National Livestock Breed Improvement Programme with the aim of curbing incessant clashes between…
Naira Exchanges For N481/$ At Parallel Market
The naira on Monday exchanged for N481/$ at the parallel market. At the Exporter & Importer forex window, the exchange…
Inflation Hits 17.33% — Highest In Four Years
The consumer price index, which measures the rate of increase in the price of goods and services, increased to 17.33…
ABCON Warns Black Market Forex Dealers
The Central Bank of Nigeria (CBN)-licenced Bureaux De Change (BDC) operators have declared war on foreign exchange (forex) speculators and…
Criticisms Trail CBN’s Policy As Naira Weakens
The Naira depreciated by 1.04 per cent to N485 per dollar as the new Central Bank of Nigeria’s (CBN’s) Naira…
WTO Concerned About Nigeria’s Foreign Exchange Management – Okonjo-Iweala
The World Trade Organization director-general said on Monday that the WTO was concerned about Nigeria’s foreign exchange management and how…
WTO DG, Okonjo-Iweala Hits Aso Rock For Buhari
The Director-General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala on Monday visited President Muhammadu Buhari at the State…
USSD Disconnection: Emefiele, Pantami, Danbatta Meet Banks, Telcos Today
Governor of Central Bank of Nigeria, Godwin Emefiele, Minister of Communications, Dr Isa Pantami, and the Executive Vice Chairman of…
House Of Reps Wants 18-Year-Old Nigerians, Others To Carry Arms
The House of Representatives may soon pass a Bill for Act to permit Nigerians from the age of eighteen to…
Nigeria’s NNPC, Accounting For Unremitted N4 Trillion Funds
A storm of controversy is raging again over the unremitted funds by the revenue-generating public agencies. At a recent…
Nigeria Records 120 New COVID-19 Cases, No Death
The Nigeria Centre for Disease Control has said with 120 confirmed new cases of COVID-9, the number of active cases…
Federal Government Of Nigeria Assures Labour No Increase In Fuel Price
The Federal Government has assured the tripartite labour community of the organised labour, organised private sector and indeed all Nigerians that…
Why Federal Government Is Constructing Narrow Gauge On Eastern Rail —Minister
The Federal Government on Sunday explained why it was constructing a narrow gauge railway on the Eastern rail line as…
Equities Suffer Sixth Weekly Loss As Index Slumps Further By 1.74%
Although the stock market closed positive twice, last week, the gains were not enough to push the indices as the…
FIRS N1.4bn Refreshment Budget Reckless, Insensitive –TI, Others
Civil society organisations have condemned the N1.4bn budget for meals and refreshments by the Federal Inland Revenue Service in the…
The Nigerian Insurers Association: Vehicles With Fake Insurance Certificates Hit 9.04 Million
The number of vehicles with fake certificates on Nigerian roads rose to 9.04 million according to latest figures obtained by…
Only Restructuring Will Restore Sanity To Nigeria –Group
A civil society organisation, the Advocates for Freedom and Democracy, has said Nigeria won’t regain its sanity until the restructuring…
Petrol Subsidy To Gulp N102.96bn In March
The Nigerian National Petroleum Corporation may spend N102.96bn on petrol subsidy this month, going by the recent pricing template for…
Buhari Dragged To Court Over Plans To Borrow N895billion From Nigerians
President Muhammadu Buhari has been dragged to court over the plans of his government to borrow an estimated N895billion from…
Stockbrokers Want FG To Leverage Capital Market
The Federal Government (FG) has been urged to focus on raising bonds from the capital market to finance revenue-generating projects…
Ex-GTBank MD, Adaramodu Joins Ekiti Guber Race
The former Deputy Managing Director of the Guarantee Trust Bank, Mr. Kayode Adaramodu, has declared intention to contest the Ekiti…
Demutualisation: Stockbrokers Urged To Adjust Models With New Market Structure
Stockbroking companies in Nigeria have been urged to align their business models with the newly demutualised Nigerian Stock Exchange (NSE) to…
All-Share Index Falls 1.7% As Demutualisation Fails To Lift Market
The stock market recorded its sixth consecutive decline last week with the Nigerian Stock Exchange (NSE) All-Share Index (ASI) declining…
Naira’s Free Fall: Insurance Industry Capital Base Crashes To $1b
Naira’s depreciation has taken a toll on the capital base of the insurance industry. The capital has dropped to $1…