How Economic Crisis forced 42 Lagos SMEs to shut down
At least 42 Small and Medium Enterprises in Lagos have been forced to shut down due to huge losses resulting from…
China overtakes Germany as biggest containership nation
CHINA has overtaken Germany as the biggest nation in the container shipping sector in terms of total TEU.
“The…
Obiora assumes duty as CBN Deputy Governor
KINGSLEY Obiora has assumed duty as Deputy Governor of the Central Bank of Nigeria (CBN).
He replaces Okwu…
Despite Stamp Duty Charge, PoS Transactions Hit N874bn In 3 Months
Despite the implementation of the stamp duty charge of N50 on Point of Sale transactions above N1,000, the value of…
Dangote Refinery to employ over 70,000 workers, says CBN
Central Bank of Nigeria (CBN) Governor Godwin Emefiele has said Dangote Refinery will employ over 70,000 Nigerians…
Unity Bank seeks more investment in creative industry
Unity Bank Plc has advocated more investments in the creative industry to drive its contribution to the Nigerian…
Tax compliance in Nigeria laborious – Taxaide boss
The Chief Executive Officer Taxaide, Bidemi Olumide, has said that the process of collecting, computing and paying…
Carbon launches USSD service to enhance access to finance
Carbon, the Pan-African digital financial services company, has introduced a USSD service to its platform, making…
No more reward for bogus investors – Ahmed, Finance Minister
For bogus investors, the honeymoon is over! It is not going to be business as usual in Nigeria as the Minister of…
Sanwo-Olu lauds Afriland’s Investment in Infrastructure
LAGOS State Governor, Babajde Sanwo-Olu has praised Afriland Properties Plc for the renovation and inauguration of…
Equities lose N209b amid panic selloffs
NIGERIAN equities lost N209 billion on Monday as investors overlooked earnings and dividend yields and opened up…
NCC empowers students, others
No fewer than 60,000 administrators, students, academics and teachers have been sponsored and trained in various…
NOVA Merchant Bank records N1.65bn profit
NOVA Merchant Bank Limited says its profit after tax rose by 44 per cent to N1.65bn at the end of 2019 financial…
BMW releases details of its new electric car to rival Tesla
BMW released Tuesday the details of an electric concept car, with production of the vehicle expected to start…
Zimbabwe in ‘economic and humanitarian crisis’ as IMF sounds alarm
Zimbabwe is facing an “economic and humanitarian crisis” amid a lethal cocktail of macroeconomic instability,…
Coronavirus: Cost of Chinese products in Nigeria surge
Prices of Chinese phones imported into Nigeria have reportedly risen exponentially over the past couple of weeks…
UBA records 13% earnings growth, N111bn profit
United Bank for Africa Plc, UBA, has announced its audited results for the full-year ended December 2019, recording…
Consolidated Hallmark opens N1.05bn rights issue
Consolidated Hallmark Insurance says it has received the approval of regulators to raise an additional sum of…
World Bank’s IFC partners Nigerian bank to boost trade with $40 million
With local businesses often complaining about the availability of credit, Coronation Merchant Bank and …
IFRS 17: Insurers should develop business plan — NAICOM
The National Insurance Commission, NAICOM, has charged insurance companies to develop business plan in preparation…
We’re committed to curbing ponzi schemes – SEC
The Securities and Exchnage Commission has reaffirmed its commitment to ensuring that illegal fund managers in the…
Investment Alert: The FGN Savings Bond is now open for subscription
The Federal Government of Nigeria, through the Debt Management Office (DMO), yesterday announced the opening of the…
Petrol subsidy cost drops 22.5%
The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, paid N43.09 billion as subsidy…
GTBank posts N198.85bn profit, declares N2.50 final dividend
Guaranty Bank Trust Plc has declared a profit after tax of N196.85bn for the financial year ended December 31, 2019…
DisCos earn N473 billion in 2019, reveal reason for metering gap
A report by the Association of Nigerian Electricity Distributors has shown that the Distribution Companies (DisCos)…
CBN prioritises economic stability with Obiora as the new DG policy directorate
Dr. Kingsley Isitua Obiora, yesterday, in Abuja, formally assumed office as Deputy Governor of the Central Bank of…
Investors lose N208bn as stock market declines further
The equities market on Monday extended downward trend to seven consecutive trading days as investors continued to…
International Breweries records 100% Rights issue subscription, raises N165bn
INTERNATIONAL Breweries Plc has recorded 100 percent subscription in its recently concluded Rights Issue.
The…
10-year Treasury yield drops to another record below 1.04% as historic fall in…
The 10-year Treasury yield dropped to another record low on Monday below 1.04% as the historic decline in yields…
CBN Reports Slow Economic Activities In February
Business activity, production level, new orders, supplier delivery time, employment level and raw materials…