Consolidated Hallmark Insurance Posts 48% Growth in Profit to N600m
Consolidated Hallmark Insurance Plc (CHI Plc) has recorded a growth of 48 per cent in profit after tax (PAT) for...
Large-cap stocks lift equities to N10b gain
Nigerian equities staged a modest recovery yesterday as large-cap stocks in industrial and food manufacturing sectors rallied the overall market...
Marketers give terms for selling petrol at N123.50k
• Govt must make them comply, says chamber • ‘Nigeria earns $32.63b from oil, gas in 2018’ The Independent...
Oil price falls to $24, oversupply fears grow
The international oil price benchmark, Brent crude, slid further on Wednesday, as a bigger-than-expected rise in United States inventories and...
CBN Offers N95.681bn TBills, Records 59% Oversubscription
The Central Bank of Nigeria (CBN) offered a total of N95.681 billion debt instrument at its Nigerian Treasury Bills Primary...
SEC Activates Business Continuity Process for Capital Market Operations
In compliance with the federal government’s directives on the restriction of movements in Lagos and Ogun States as well as...
Local airline loses N2.1 billion in three weeks
A major local airline has lost as much as N2.1 billion in the last three weeks over flight disruption occasioned...
COVID-19: Status of 20 Nigerian governors unknown
3 test positive, 13 negative 39 ministers silent It’s a moral burden to declare – Lawyers CSOs react The COVID-19...
FG reviews lockdown as COVID-19 cases rise by 35
The Federal Government has relaxed total lockdown it imposed on the Federal Capital Territory, Lagos and Ogun states to curb...
Nigeria’s total public debt rises to N27.4tn –DMO
The Federal Government and the 36 states, as well as the Federal Capital Territory, owed a total N27.4tn as of...
Stock market index sustains sliding profile, down by 0.94 per cent
Transactions on the Nigerian Stock Exchange (NSE) sustained sliding profile yesterday, following losses by most blue-chip stocks, causing the All-Share...
NSE to sustain trading operations remotely – Onyema
The Nigerian Stock Exchange (NSE) has said it will continue to work remotely following the 14 days complete lockdown declared...
SMEDAN Grants Three Months Moratorium to Loan Beneficiaries
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has granted a three-month moratorium to beneficiaries of its One...
Virus crisis forces UK banks to axe billions in payouts
Britain’s banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share buybacks after the Bank of...
Nigeria records 23 new cases of COVID-19, total now 174
Nigeria has recorded 23 new cases of coronavirus, bringing the total number of infections in the country to 174. The...
NNPC spent N218.18bn on ailing refineries in 2019
Nigeria’s refineries under the management of the Nigerian National Petroleum Corporation incurred a total expense of N218.18bn in 2019. The...
Consumers’, businesses’ confidence in economy plunges
The Consumers’ confidence in the economy has taken a huge decline by 3.0 index point to 0.3 index point in...
World Bank plans $150bn economic recovery scheme after pandemic
The World Bank Group has expressed its readiness to deploy about $150bn over the next 15 months to stimulate economic...
‘Naira devaluation’ll put pressure on banks’ assets
The devaluation of the naira will put pressure on the assets of lenders struggling to raise asset quality to the...
Crude oil price crash will raise Nigeria’s debt-to-revenue ratio — FDC
Analysts at Financial Derivatives Company (FDC) have said that the crash in price of crude oil following the price war...
Expect recession worse than 2008 global crisis – IMF
The International Monetary Fund has said the global economy will slide into a recession that is “at least as bad...
Nigeria denies plan to hand over electricity distribution to Siemens
The Ministry of Power has denied the report that the Federal Government intends to hand over the nation’s electricity distribution to Siemens,...
ABCON directs BDCs to comply with N380/$ official rate
The Association of Bureaux De Change Operators of Nigeria (ABCON) has directed bureaux de change (BDCs) across the country to...
Mutual funds to hit N1.5tn this year – SEC
The Securities and Exchange Commission has said that Collective Investment Scheme in the nation’s capital market may hit over N1.5tn...
Power generation down 5.52% in Q3’19 as constraints persist
Total electric energy generated in the third quarter of 2019 (Q3’19) dropped by 5.52 percent from the second quarter (Q2’19)...
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