Power sector loss hits N1.7trillion
THE Nigeria Electricity Regulatory Commission (NERC) on Thursday said that the entire market participants in the Nigeria Electricity Supply Industry...
CBN Offers Longer-term Naira Contracts to Lure Investors
The Central Bank of Nigeria (CBN) has introduced longer-term contracts on the naira in a move to attract more foreign...
West African traders seek end to international border closure
West African cross border traders under the aegis of the West Africa Association for Cross Border Trade in Agro-Forestry Pastoral...
FG, states, others shared N8.15tr in 2019 – NEITI
Nigeria Extractive Industries Transparency Initiative NEITI) on Thursday reported that the three tiers of government shared the sum of N8.15...
Senate summons AGF, CBN over N596bn ecological fund
The Senate, on Thursday, following an audit query from the office of the Auditor General of the Federation, summoned the...
Stakeholders Harp on Need for Private Capital to Fund Infrastructure
Capital market stakeholders have stressed the need to attract private and domestic capital for funding of critical infrastructure in the...
No privatisation of refineries, JV assets yet, says BPE
There are no plans yet to privatise Nigeria’s ailing refineries, at least not for the 2020 fiscal year, meaning that...
Nigerian phone vendors stuck in China over coronavirus
Vendors of phones and other technology products from Nigeria who travelled to China for the Chinese festival shopping season in...
Stakeholders berate CBN over $17 billion illicit financial flows
Illicit Financial Flows (IFFs) out of Nigeria may not subside unless the Central Bank of Nigeria (CBN), takes a bold...
Harmattan: Airlines cancel more flights as visibility worsens
Domestic airlines have in the last two days cancelled or delayed most of their flights out of the Murtala Muhammed...
NIPCO gets new MD
NIPCO Plc has approved the appointment of Suresh Kumar as the new managing director of the company. According to...
Tin Can Customs eyes N47.4bn monthly revenue
Ahead of its official revenue generation quota from the headquarters of the Nigeria Customs Service, the Tin Can Island Command...
Access Bank to List N15bn Green Bond on Luxembourg Stock Exchange
Capital market stakeholders have said the planned listing of Access Bank’s N15 billion Green Bond on the Luxembourg Stock Exchange...
FG to move petrol, cooking gas by rail
The Federal Government is working to ensure the movement of petrol and cooking gas by rail, the Petroleum Equalisation Fund...
Market sustains uptrend as index rises marginally by 0.02%
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), sustained previous day uptrend, following gains in most blue...
Two persons tested negative to Coronavirus in Nigeria
Minister of Health, Dr. Osagie Emmanuel Ehanire, yesterday confirmed that two suspected cases of Coronavirus have tested negative after diagnosis...
CBN grants WAMCO, others waiver on milk import ban
The Central Bank of Nigeria (CBN) has excluded six dairy companies operating in the country from the ban on importation...
Pension fund rises to N10.22 tr
PENSION fund assets at December last year have hit N10.22 trillion. It was N9.99 trillion in November of the same...
NNPC, U.S. seal $1.1 million pact for 1,350MW Abuja power plant
A $1.1 million pact, expected to generate 1,350 megawatts (MW) Independent Power Plant was yesterday, in Abuja, signed between the...
Google creates $1m fund for online safety
Google has announced the launch of a $1m pan-African fund to support innovative ideas around privacy, trust and the safety...
CBN Injects Additional $210m into Forex Market
The Central Bank of Nigeria (CBN) has once again injected the sum of $210 million into the interbank foreign exchange...
FBNQuest leads N23b Interswitch bonds
FBNQuest, the investment banking and asset management subsidiary of FBN Holdings Plc, has been named the lead issuing house for...
Dangote Remains Africa’s Wealthiest for Ninth Successive Year
For the ninth year in a row, the President of Dangote Group, Alhaji Aliko Dangote, has been declared as the...
Stock Exchange goes public with 2.5b shares
The Nigerian Stock Exchange (NSE) will change from a member-owned mutual company limited by guarantee to a public limited liability...
NSE, Meristem List Benefits of Exchange Traded Funds
Officials of the Nigerian Stock Exchange (NSE) and Meristem Wealth Management Limited, have identified Exchange Traded Funds (ETFs) as a...
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