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…
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…
Forex: Turnover in I&E up by 46% to $8.2bn in Feb
THE volume of dollars traded (turnover) in the Investors and Exporters (I&E) window of the Nigerian foreign…
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…
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…
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…
Coronation Merchant Bank, IFC partner on N14.4bn facility
Coronation Merchant Bank said it partnered with International Finance Corporation to launch an N14.4bn Trade…
Firstbank wins 2019 oil and gas banker award
FIRST Bank of Nigeria Limited was recently presented with the Oil and Gas Banker of the Year 2019 award at the…
Gas supply from Nigeria to Ghana, others resumes
The West African Gas Pipeline Company Limited has said it is resuming its supply of natural gas from Nigeria to its…