Stock market opens week with N160bn loss
The nation’s stock market opened the week with N160bn loss as sell pressures in BUA Cement Plc, Zenith Bank Plc and…
Brexit: Buhari, UK Prime Minister agree on new trade relationship
President Muhammadu Buhari has called for a review of trade relations with the United Kingdom (UK) following the…
GTBank, Dangote Cement, Zenith Bank, make ARM’s hot stocks list
The stocks of Dangote Cement Plc, Zenith Bank Plc, Nestle Plc, Nigerian Breweries Plc, and Seplat Plc are shares of…
Federal Govt to pay N272.9bn maturing bonds
The Federal Government allocated 2.6 per cent of its total expenditure totalling N272.9bn to settle pending…
Demurrage: Price increase looms, importers besiege SON
The inability of importers to upload the Standards Organisation of Nigeria’s Conformity Assessment Certificate on…
Gaming companies short-change FG by N591bn in 14 years — Burunji Kashamu
Lottery and sports-betting companies operating in the country have defaulted in tax payment and other remittances…
Budget under threat as oil sinks to $54
The international oil benchmark, Brent crude, plummeted to its lowest level in more than a year on Monday, trading…
Dow Futures Spike 165 Points Despite Dangerous Warning from Bond Markets
Dow futures rally triple-digits overnight, as U.S. stocks appear poised to extend Monday’s gains.
The rally…
Exxon Mobil Stock Could Bottom Out in 2020
Dow component Exxon Mobil Corporation (XOM) sold off to a nine-year low on Friday after missing modest fourth…
ABCON restates commitment to compliance, capacity devt
THE Association of Bureaux De Change Operators of Nigeria, ABCON, has its restated its commitment to capacity…
Virus fears wipe $393bn off China’s stock market despite government support moves
Investors erased $393 billion from China’s benchmark stock index on Monday, sold the yuan and dumped commodities as…
Coca-Cola Stock Hits All-Time High After Strong Quarter
Dow component The Coca-Cola Company (KO) posted an all-time high above $59 on Friday, one day after the beverage…
Tesla Stock Soars by More Than $100
Tesla’s stock surged on Monday on news that lifted already-rosy investor sentiment for the electric-car…
Finance Act will boost securities lending, REITs investment on capital market —…
The Nigerian Stock Exchange (NSE) says securities lending will witness exponential growth with the elimination of…
New finance Act to revive nascent $2.77bn asset management industry — NSE
The Chief Executive Officer, NSE Oscar Onyema stated this at a symposium on the Finance Act 2019, in Lagos, saying…
Business interruptions, growing cause of risk in Nigeria — Survey
The report further stated: “After seven years at the top, BI leaped from seventh to third this year and is number…
Confidence in economy drops in January — CBN
The report stated: “At 28.3 index points, the overall confidence index (CI) indicated respondents’ optimism on the…
IMF laments bad roads, absence of scanners at seaports
The International Monetary Fund has lamented the poor roads, lack of single-window platform and absence of scanning…
Minimum wage: TUC silent as ultimatum expires
It was gathered at the time of the ultimatum that about 15 states had started negotiations for the minimum wage…
FAAN takes over MMIA toll gate from concessionaire
The Federal Airports Authority of Nigeria on Monday took over the Murtala Muhammed International Airport Access…
Honeywell records N58bn revenue in 9 months
HONEYWELL Flour Mills Plc has announced N58.2 billion revenue for the nine-month period ended December 31, 2019,…
New VAT rate triggers rise in stock market transaction cost
STOCK market investors and operators will from today pay more as transaction cost for shares traded on the Nigerian…
Domestic debt service of N607b and quests for more
The Federal Government incurred a debt service bill of N606.87 billion on domestic obligations alone in just one…
Manufacturing PMI drops to 59.2 index points in January — CBN
The Central Bank of Nigeria, CBN, said that the Manufacturing Purchasing Managers Index, PMI, dropped marginally to…
Banks’ borrowing from CBN rises 215% to N19.5trn
BANKS’ borrowing from the Central Bank of Nigeria’s, CBN, rose by 215 percent year-on-year (y/y) to N19 trillion in…
UK productivity slowdown worst since Industrial Revolution – study
The slowdown in Britain’s productivity growth over the last decade is the worst since the start of the Industrial…
Chinese shares drop nearly 9% amid fears of coronavirus impact
Stock markets in China have seen the biggest daily fall for five years as traders rushed to sell amid continued…
Cadbury’s revenue, profit beat estimates in 2019
Cadbury has published its UNAUDITED FY 2019 results announcing a 9.3% y/y increase in Revenue to N39.3bn in FY 2019…
Sterling Bank: Impressive growth in profit despite elevated OPEX
Sterling Bank (Sterling) released its FY 2019 UNAUDITED report, with Gross Earnings coming in flat at N149.5bn, in…
Interswitch Limited lists N23 billion bond on NSE
The Nigerian Stock Exchange (NSE or The Exchange) has announced the listing of Interswitch Limited’s N23billion…