Nigerian Stock Market Extends Losing Streak, Sheds N80bn
The nation’s stock market fell further on Monday, extending its losing streak to six consecutive trading sessions as profit-taking persisted.…
Category: Local
Nigerian Stock Exchange’s Demutualisation Excites Corporate Affairs Commission DG
The Registrar-General/Chief Executive Officer (CEO) of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has expressed excitement at the demutualisation…
Federal Government of Nigeria Lists January Savings Bonds
The Federal Government at the weekend listed two new tranches of its Federal Government of Nigeria Savings Bond (FGNSB) on…
CWG Posts N11.8bn Revenue
CWG Plc, one of Nigeria’s leading information and communication technology solutions and service providers has recorded a profit after tax…
Stock Market Sheds N368bn as Investors Take Profit
The Nigerian stock market shed N368 billion last week following profit-taking activities by some investors after the massive gains in…
Nigeria’s Security and Exchange Commission Unveils New Rules For Nominee Companies
The Securities and Exchange Commission has asked all persons not registered by the commission as custodians, carrying on the business…
Uptick In Fixed Yield Triggers Massive Sell Off In Equities
The marginal uptick in yields in the fixed income market propelled massive selloff on the equity sector of the Nigerian…
Petrol Price May Hit N190 As Oil Nears $60
Marketers have said with the current realities in the global crude oil markets, the price of Premium Motor Spirit (petrol)…
Endless Turnaround Maintenance:Outrage, Anger Over Nigeria National Petroleum Corporation’s $1bn Loan For Refineries
The Federal Government may soon be on a collision course with Nigerians over its plan to seek a US$1 billion…
Stakeholders Demand Six-Month National Identification Number -Subscription Identity Module Linkage Deadline Extension
Stakeholders in the telecom space have called for further extension of the National Identification Number and Subscriber Identity Module integration…
Inside Nigeria’s Multibillion-Dollar Abandoned Oil, Gas Projects
Before COVID-19 triggered a collapse in crude oil prices and demand last year, several big-ticket oil and gas projects in…
Hedge Funds Bet On Oil’s ‘Big Comeback’ After Pandemic Hobbles Producers
Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’…
Why We Banned Cryptocurrency Trading In Nigeria – CBN
Transactions in cryptocurrencies are largely speculative, volatile and should be discouraged, the Central Bank of Nigeria (CBN) says. The apex…
Belgium Eyes Prospects In Nigerian Ports
Investors from Belgium have expressed interest in the National Maritime Transport Policy being developed by Nigeria. Executive officers of the…
Oil Theft: Shell Plans Onshore Exit
Royal Dutch Shell has disclosed possible outright exit from onshore terrain due to persistent challenges associated with crude oil theft…
Nigerian Equities Lose N368b Amid Interim Earnings
Nigerian equities traded negative all through the week to close weekend with a net capital depreciation of N368 billion. Benchmark…
Cryptocurrency: Bureaux De Change Operators Back Central Bank Of Nigeria Ban
The Association of Bureaux De Change Operators of Nigeria (ABCON) has given its backing to the Central Bank of Nigeria’s…
As Nigeria Taps Into The Huge Methanol Market
Nigeria’s failure to develop its methanol industry over the years, despite an abundance of gas resources, left manufacturing companies with…
Analysts: Naira To Depreciate To N490/$1 On Parallel Market
Citing the Central Bank of Nigeria’s (CBN) plan to settle February 24 Non-Deliverable Forwards (NDFs) at N412.14 on the official…
Purchasers Managers Index Hits Six-Month Low As Output Prices Rise – Report
Stanbic IBTC Purchasers Managers Index report for January 2021 showed that output prices increased at a substantial rate during the…
Nigerian Central Bank Reportedly Ban Banks From Servicing Crypto Clients
The Central Bank of Nigeria (CBN) has reportedly issued circular directing financial institutions against dealing with cryptocurrencies or providing services…
Naira’s Woes Worsen At I&E, Depreciates To N397.63/$1
The woes of the Naira continued at the Investors and Exporters (I&E) window of the foreign exchange market on…
Terminals Pave Way As Nigeria Loses $43b To Oil Theft
Nigeria’s persistent crude oil loss has been linked to land terminals, as the Department of Petroleum Resources (DPR), said oil…
Size Of Nigeria’s Economy To Increase As NBS Moves To Rebase GDP
The National Bureau of Statistics says it has begun the national business sample survey (NBSS) as part of efforts to…
Total Pension Assets Rose To N12.3tn in 2020 – PenCom
Total pension assets under the Contributory Pension Scheme rose by N2.1tn to N12.3tn as of the of the 2020 from…
Again, Senate Summons NDDC Over N6.25bn COVID-19 Palliative Sharing
The Senate Committee on Ethics, Privileges and Public Petitions, on Thursday, issued a fresh summon on the management staff of…
Economic Community Of West African States Backs Nigeria’s Quest For AU’s Peace, Security Chair
The Economic Community of West African States (ECOWAS) Authority of Heads of State and Government, has thrown its weight behind…
Emerging Tech Trends To Watch For In Nigeria In 2021: Fintech & Remote Working
Covid-19 pandemic has changed the world & has created a new working standard for many jobs. Adoption of using internet…
Facebook Marketplace Unveiled In Nigeria
Facebook has announced the launch in Nigeria of a marketplace, a convenient destination where people can discover, buy and sell…
Financing Institutional Training Centre Insists On Agile Plans For Organisational Growth
Non-Agile organizations will face adverse consequences in today’s business environment where technology deployment and usage define organizational efficiency and profitability,…