FG to buy up locally produced gold
The Federal Government has begun the registration of artisanal miners, following the commencement of the…
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…
Twitter founder, Jack Dorsey donates N2.3 million to Nigerian startup, DevCareer
Twitter founder, Jack Dorsey, has donated £5,000 ($6,437) in Nigeria’s nonprofit software startup, DevCareer. The…
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…
Financial markets under pressure as coronavirus spreads
Worries about the economic consequences of the coronavirus epidemic hit financial markets on Monday with…
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…
NERC puts limits on Discos’ estimated billing
The Nigerian Electricity Regulatory Commission has placed limits on estimated bills that can be issued by…
FG plans more incentives to boost capital market
Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, has promised that the federal government…
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…
Sony launches first 5G smartphone as it hopes to turn around struggling mobile…
Sony has unveiled its first 5G smartphone in a bid to prop up its struggling smartphone business.
With the f…
Foreign Portfolio Investors inject $1.7bn into I&E window
FOREIGN Portfolio Investors (FPIs) injected $1.7 billion into the Investors and Exporters (I&E) window in…
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…
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…
Dangote invests N63bn in Enugu-based automaker, buys 3,500 trucks
Dangote Group has entered into a long-term agreement with an Enugu-based automaker, Transit Support Services…
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…
Cash-Rich Berkshire Embraces the Idea of Life After Buffett
Warren Buffett waited until the very last page of his annual shareholder letter to reveal a big change:…
Shopify joins nonprofit behind Facebook’s Libra currency
Online commerce platform Shopify on Friday said it has joined the nonprofit association behind Facebook’s planned…
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…
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…
Filmhouse, Silverbird, others generate over N79.8 million on Valentine’s weekend
Valentine’s Day drove revenue of cinema houses across Nigeria over the weekend, making it the highest-grossing…
Nissan launches a subscription service starting at $699 a month
Car subscriptions: they’re totally a thing! The latest automaker to test the waters on subscriptions is Nissan,…
CSL Stockbrokers Appointed as New Stockbroker to the Federal Government
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal…
Experts allay fear of naira devaluation in 2020
Experts in the financial system have allayed fears of possible devaluation of the Naira this year, considering…
Market rebounds as financial stocks lift index by 0.17%
Following renewed interest in the shares of some banking and insurance stocks, the Nigerian equities market…
Customs intercepts smuggled rice in gas cylinders
The Nigerian Customs Service (NCS), Federal Operations Unit (FOU) Zone ‘A’, has intercepted some foreign parboiled…
9mobile invests $220m in 4G expansion
9mobile says it is investing $220m in the expansion of its 4G LTE to more Nigerian cities as part of efforts to…
Stock market halts five-day losing streak, gains N24bn
Activities on the Nigerian Stock Exchange closed on a positive note on Thursday, putting a halt to five consecutive…
Prepare for electricity tariff hike, TCN tells Nigerians
Nigerians should be prepared to pay cost-reflective electricity tariffs in order to enjoy the benefits of…
Excess charges: CBN return over N60 billion to customers
The Central Bank of Nigeria (CBN) disclosed that it had recovered on behalf of customers over N60 billion excessive…
PwC predicts greater success for Nigeria’s entertainment industry
The PricewaterhouseCoopers (PwC) has projected Nigeria to be among the world’s fastest-growing Entertainment and…