Exporters fret as naira depreciates
Agro exporters may face stiff competition from their counterparts in emerging economies as a sharp fall in the naira could...
Nigerian equities market records worst weekly losses
It was a gloomy week for the domestic bourse as fear of Coronavirus and lower oil price panic-selling drove the...
‘26 Insurance Firms Likely to Meet New Capital Requirement’
Agusto and Co., a research, credit ratings and risk management firm, has envisaged a significant reduction in the total number...
Nigerians want smartphones below $100 as disposable income drops
Shipments of smartphones to Nigeria was 5.3 percent in Q4, 2019, as demand for lower brands priced below $100 rose,...
PenCom recovers N17.05bn from 655 employers
The National Pension Commission (PenCom) has recovered a total of N17.05 billion as outstanding pension contributions from defaulting employers in...
Naira crashes in value, dollar sells for N420
On Thursday, the naira exchanged between N405 and N420 to a dollar in the Bureau De Change segment of the...
Shell income drops by $7.5 billion
ROYAL Dutch Shell has recorded a drop of $7.5 billion in its income. The oil giant’s 2019 yearly report showed...
‘Cryptocurrency remains stable amid fluctuations’
As the coronavirus threatens the global economy, experts have confirmed that the Cryptocurrency has remained stable amid the crisis. ...
44 firms shed N457bn, market cap falls below N12tn
The nation’s stock market extended its decline on Thursday as 44 firms recorded price depreciation, causing investors to lose N457bn...
NNPC to reduce cost of crude oil production from $17
The Nigerian National Petroleum Corporation (NNPC) has expressed its readiness to strategically put in place measures that would alleviate the...
Blue Seal Energy begins $12.5m chemical plant construction
Blue Seal Energy Group (BESG) has begun the construction of its $12.5 million chemical plant in Ibeju Lekki, Lagos. The...
Tom Hanks announces positive test for coronavirus
Tom Hanks and his wife Rita Wilson have both tested positive for coronavirus, the US actor said Wednesday. Hanks, 63,...
Amidst Oil Price Crash, FG Says No Cause to Panic
The federal government wednesday allayed fears of an economic crisis in view of the effects of the crash in global...
Oando gets ISO 27001 certification
Oando Plc has become the first African oil and gas company to receive the ISO 27001 Certification from Certification Partner...
Generator importation to attract 10-year jail term — Senate bill
A bill for an act to criminalise the importation, selling and usage of generators in Nigeria scaled the first reading...
Reps suspend Buhari’s $22.79bn loan consideration indefinitely
The House of Representatives has indefinitely suspended the consideration of the $22.79bn external loan request by the President, Major General...
CBN Extends NUBAN to OFIs, Sets March 2021 Deadline for Compliance
The Central Bank of Nigeria (CBN) has extended the Nigeria Uniform Bank Account Number (NUBAN) Other Financial Institutions (OFIs) under...
Dangote loses N240b in five hours to coronavirus
Africa’s richest man Aliko Dangote on Wednesday lost more than N240 billion in five hours as the effect of the...
MTN Nigeria Invests N4.55trn in Fixed Assets
For a period spanning 19 years since the first commercial rollout of its telecoms services in Nigeria in 2001, MTN...
Falling oil price triggers over N1tr sell-off in stock market
No respite yet for Nigerian investors as over N1 trillion has been wiped off from the stock market in just...
Access Bank declares N23b dividend as profit hits N115.4b
ACCESS Bank at the weekend declared a total dividend of N23.1 billion as cash payouts to shareholders as the commercial...
Reps consider Buhari’s $22.79bn loan today
The House of Representatives has scheduled consideration of the $22.79bn external borrowing request by the President, Major General Muhammadu Buhari...
Oil Price Slump: Rating Agencies Warn of Possible Downgrades
The world’s top rating agencies yesterday said the sharp drop in oil prices, if sustained, could cause a wave of...
Meristem Wealth Management Launches N1bn Exchange Traded Funds
Meristem Wealth Management Limited has launched a N1 billion offer for subscription of two Exchange Traded Fund(ETFs), Meristem Growth ETF...
Stock market investors lose N656bn in one day
Investors suffered a loss of N656bn on Tuesday as the Nigerian equity market saw its biggest daily decline in more...
Powered by Agusto & Co.