Naira falls N413 to dollar at forward market
The naira on Friday depreciated past N400 to dollar at the forward market after Nigeria recorded its first case of…
Category: Local
Stock market down by 4.28%, highest in 47 weeks
Nigerian stocks suffered the highest weekly loss since April 2019 as sell pressure dominated market activities on increasing regulatory pressures…
FG policies on palm oil industry fail
THERE are indications that the government’s policies on palm oil industry have failed with leading companies in the industry recording…
Fidelity Bank rewards customers with N68m in GAIM 4
FIDELITY Bank said it has so far rewarded its customers with N68 million in its ongoing Get Alert in Millions…
It’s unpatriotic to sell rice above N15,000 – Minister
The Minister of Agriculture and Rural Development, Alhaji Muhammad Nanono, has said it is unpatriotic for rice producers to sell…
Coronavirus: Stakeholders worry about surveillance at Nigeria’s international airports
Following the announcement of the first case of coronavirus in Nigeria, aviation experts have called for better surveillance at all…
CORONAVIRUS: Oil price drops below Nigeria’s 2020 budget benchmark
Nigeria’s budget estimate appears threatened as oil price drops $5 below the 2020 benchmark on global fears over the impact…
Coronavirus: Hamzat Reveals Italian Man Was In Ogun State Before Bringing Virus To Lagos
The Deputy Governor of Lagos state, Obafemi Hamzat, was on TVC this morning where he revealed that the Italian man…
FG orders forensic audit of Discos
The National Economic Council on Thursday ordered a forensic audit of the electricity Distribution Companies in the country, particularly their…
FG facilitates $20m tech fund, N90bn agripreneur loan
To further drive its support for micro, small and medium enterprises (MSMEs), the federal government has facilitated a $20 million…
Sell-off in MTN, Ecobank drags equities down by 0.22%
The equities market sustained its bearish performance on Wednesday, on the back of sell-off on the shares of MTN Communication…
2019 debt servicing gulped N2.1tn — Investigation
The Federal Government spent a total sum of N2.1tn to service the country’s debt obligations to local and foreign debtors…
Discos deny receiving subsidy from FG
Electricity distribution companies, under the aegis of Association of National Electricity Distributors, has said they had not received any subsidy…
How Buhari regime depleted ECA by N1.5tn
Between 2015 and 2019, the Federal Government withdrew N1.5tn (about $4.92bn) from the Excess Crude Account, statistics obtained from the…
Immigration, NIMASA repatriate stranded Indian seafarer
THE Lagos Seaports and Marine Command of Nigeria Immigration Service, in collaboration with the Nigeria Immigration Service, NIS, and the…
Ondo targets N500bn investment through deep seaport project
ONDO State Governor, Rotimi Akeredolu, has said the development of a deep seaport project in the state will generate more…
WACT plans upgrade of phase-2 of facility
THE West Africa Container Terminal, WACT, has concluded plans to begin the second phase of its facility upgrade within the…
Dangote Fertiliser starts pre-testing of $2bn plant before inauguration
Dangote Fertiliser Limited has started the pre-testing of its $2 billion Granulated Urea Fertiliser plant located in the Dangote Free…
FG to buy up locally produced gold
The Federal Government has begun the registration of artisanal miners, following the commencement of the Presidential Artisanal Gold Mining Development…
Kano rice production hits 3MT per year
Kano State Governor, Dr Abdullahi Ganduje, says that the local production of rice in the state has reached three million…
Manufacturing declines as 2.27% GDP growth surpasses IMF projection
The National Bureau of Statistics on Monday released the Gross Domestic Product report for the 2019 fiscal year with the…
Investors lose N181.08 billion as bourse bow to bears on Monday
The Nigerian Stock market started the week on a bearish trend, as investors lost a total of N181.08 billion on Monday. This…
NERC puts limits on Discos’ estimated billing
The Nigerian Electricity Regulatory Commission has placed limits on estimated bills that can be issued by electricity distribution companies to…
FG plans more incentives to boost capital market
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has promised that the federal government would introduce more tax…
Central bank clarifies position on operation of domiciliary accounts
The Central Bank of Nigeria (CBN) says it has not prohibited the acceptance of foreign currency cash deposits by Deposit…
Banks’ lending rates defy crash in TB yields
BANKS are yet to adjust their lending rates downward to reflect the sharp decline in treasury bills yields occasioned by…
Foreign reserves drop by $1.64bn in five weeks
The country’s foreign exchange reserves continued its downward trend as it dropped by $1.64bn from $38.34bn on January 15, 2020…
CBN sets dollar deposit, withdrawal rules for customers
The Central Bank of Nigeria (CBN) on Sunday said customers can deposit dollars into their domiciliary accounts but are not…
Forex: CBN injects $292.34million into retail Secondary Market
The Central Bank of Nigeria (CBN) has injected the sum of 292.34million dollars into the retail Secondary Market Intervention Sales…
NSE market indices dips 0.65%, amid Nestle N112 loss
The market indicators of the Nigerian Stock Exchange (NSE) on Friday declined by 0.65 per cent, amid loss posted by…