Bears push further into February, as capitalisation plunges N160b
Despite the full year 2019 results being churned out by quoted companies, the equities market began the month of February...
Senate Puts FG’s Borrowing Request at $22.6bn
The Chairman Senate Committee on Finance, Senator Solomon Adeola, has put the federal government’s external loan request before the National...
FG abolished minimum tax to grow insurance – Osinbajo
Vice-President Yemi Osinbajo has said the Federal Government cancelled the minimum tax for insurance sector to help the sector to...
Lagos deploys 65 buses on some routes affected by okada, keke restriction
Lagos State has said it will deploy a fleet of 65 buses along major some routes from Monday, February 3,...
Report: Banks took N950b loan from CBN in three months
Commercial and merchant banks took cumulative loans worth N949.91 billion from the Central Bank of Nigeria (CBN) within three months,...
Nigerians must pay to enjoy stable electricity – TCN boss
The Managing Director, Transmission Company of Nigeria (TCN), Mr. Usman Gur Mohammed has said for Nigeria to have stable electricity...
NSE launches index for SMEs, relaxes listing requirements
The Nigerian Stock Exchange has launched a new index called the ‘Growth Board’ for the Small and Medium Enterprises. The...
‘75% Dealers Trade on Devices Not Approved by NCC’
Facts have emerged that unlicensed dealers estimated to reach 75 per cent are currently trading on devices that are not...
Lagos hospital clears China returnee of Coronavirus
The Lagos State government has debunked insinuations that the dreaded Coronavirus had found its way into the state. In...
Pension funds should be invested, not borrowed – Group
The Centre for Pension Right Advocacy has said that the funds under the Contributory Pension Scheme are meant to be...
CBN’s CRR adjustment triggers equities’ 28 per cent weekly loss
The nation’s equities market suffered its first weekly loss in 2020 as the impact of the CBN’s hike in the...
Stock Market Investors Gain N1.9tn in January
Investors in the Nigerian equities market recorded a growth of N1.88 trillion in their wealth in January while the market...
9,000 suffer fresh malware attacks in Nigeria
Some 9000 people have suffered fresh malware attacks in Nigeria, and according to Kaspersky Protection Technologies, the cybercriminals, which came...
FG mulls 125% import tariff on ‘Tokunbo’ vehicles
The Director of Policy and Planning at the National Automotive Design and Development Council, Engr. Farouk Umar, made this disclosure...
H1: Guinness Nigeria Records N68bn Revenue, N1.31bn Profit
Guinness Nigeria Plc, a leading beverage and alcohol company in Nigeria has announced its unaudited results for its first half...
NCC slams N2.9b fine on telcos over infractions
REGULATOR of the telecoms sector, the Nigerian Communications Commission (NCC), has slammed a fine of N2.9billion on all the major...
NNPC swapped N3.04tn crude for refined products
A total of 150.4 million barrels of crude oil valued at N3.04tn was swapped for refined petroleum products by the...
Julius Berger reports 68.87% growth in profit
Julius Berger Nigeria Plc has released its fourth quarter result for the period ended, December 31, 2019, showing 68.87% growth...
Coronavirus: Fear Grips Airport Workers
Airport workers at the Murtala Muhammed International Airport (MMIA), Lagos are panicking over the devastating effect of Coronavirus, which has...
Consumers to pay 7.5% VAT on meters
Eko Electricity Distribution Company (EKEDC) has said from February 1, the prices of meters under the Meter Asset Provider (MAP)...
FG approves N33,000 allowance for corps members
The Director-General of the National Youth Service Corps, Brigadier-General Shuaibu Ibrahim, has announced N33,000 as monthly allowance for corps members....
Lagos raises N100 billion bond to finance infrastructure
Lagos State Government has opened a new chapter in its stride towards attaining self-sustenance in finance and governance. Governor Babajide...
‘N2tn pension fund for infrastructure’ll come via bonds’
The N2tn proposed to be raised from the Contributory Pensions Fund for investment in infrastructure development will be through bonds,...
ABCON faults calls for Naira devaluation
The Association of Bureau De Change of Nigeria (ABCON) has described the much talked about need for devaluation of the...
Total Nigeria’s Profit Falls 70% on High Financing Costs
The reliance on bank borrowings to finance its operations continued to have a negative impact on the fortunes of Total...
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