W/Bank’s net commitment to Nigeria hits $11bn
Mr Rachid Benmessaoud, Country Director, World Bank Group, says the bank’s net commitment to Nigeria over the years is about...
e-tranzact to raise N7bn capital before December
e-tranzact International Plc has said plans are in place to conclude its N7 billion capital raise before the end of...
Total pension assets rise to N9.32tn
The total assets under the Contributory Pension Scheme rose to N9.32tn as of the end of June 2019. The...
Indian arraigned for swallowing rat poison after arrest for alleged N116m fraud
An Indian national, Lokesh Parwani, who allegedly attempted suicide after he was arrested for an alleged N116 million fraud yesterday...
MTN Group gets 7.7m new subscribers
MTN Group on Thursday, said it posted an encouraging set of results for the six months ended 30 June 2019...
NSE market indices record marginal growth of 0.05%
The nation’s bourse recorded marginal growth on Thursday after two consecutive days downward trading with the market indices appreciating by...
Coutinho set for Barca stay after Miami win over Napoli
Barcelona coach Ernesto Valverde claimed on Wednesday that Philippe Coutinho is set to stay at Camp Nou despite strong interest...
Jaiz Bank Plc nets N816 million profit in H1 2019
Jaiz Bank Plc has posted N907 million as its profit before tax for the half year (H1) ended June 30,...
NNPC, partners IOCs on Nigeria-Morocco gas pipeline project
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, has highlighted the many benefits of...
CBN Auctions N115bn Treasury Bills
The Central Bank of Nigeria sold a total of N114.6 billion worth of treasury bills yesterday, in its first such...
AfDB offers AU $5m grant for AfCFTA implementation
The take off of the African Continental Free Trade Area (AfCFTA) got a notch better yesterday, when the African Development...
Wapic Insurance Records N8.7bn Half-year Premium
Wapic Insurance Plc has announced its half year 2019 unaudited financial statement. The financial statement showed that the insurer’s Gross...
Oil prices slide on surprise crude build
The Energy Information Administration (EIA) reported a 2.4-million-barrel build in crude oil inventories for the week to August 2, shattering...
Nigeria imported 5.61bn litres of petrol in Q2 – NBS
Nigeria imported a total volume of 5.61 billion litres of Premium Motor Spirit, also known as petrol, in the second...
Investors lose N125 billion in three trading days
Trading at the Nigerian Stock Exchange (NSE), sustained its bearish hold, as sell-off in most bluechip stocks persisted yesterday, causing...
E-tranzact records N30tr on 400m transactions
E-tranzact International Plc, Nigeria’s premier financial technology company recorded about N30 trillion in 400 million transactions in 2018. Speaking at...
Nigerian athletes may appear in different colours, as sports ministry monetises kits with N20,000
Team Nigeria may be heading to the 2019 African Games with athletes appearing in different kits if reports from the...
Agusto & Co. assigns a “Aa-” rating to United Bank for Africa Plc
The rating expires on 30 June 2020. The rating assigned to United Bank for Africa Plc. (“UBA” or “the Bank”)...
AIICO Insurance Posts N25.4bn Premium in First Half
AIICO Insurance Plc has reported its financial results for first half of 2019 which showed it achieved gross written premiums...
Crisis looms in Senate over ‘juicy’ committees
Senate President Ahmad Lawan might not have entirely escaped the aftershocks of the red chamber’s appointment of chairmen of committees....
DPR seals 53 filling stations, 4 gas stations in Kaduna
The Kaduna zonal office of the Department of Petroleum Resources (DPR) has sealed 53 filling stations and four gas stations...
Joshua ready for Ruiz rematch on neutral ground
Anthony Joshua is willing to fight Andy Ruiz Jr on a “neutral ground”, but the British heavyweight star would love...
Huge Financing Cost Depress Total Nigeria’s Profit by 97%
Some shareholders of Total Nigeria Plc have urged the petroleum products marketing company to inject equity into the firm so...
AFDB injects food worth N36.2b in economy in four years
The Agricultural Transformation Agenda Support Programme Phase 1 (ATASP-1) funded by the African Development Bank (AfDB), may have injected about...
FGN bonds record N13.44 billion investment in two years
The Debt Management Office (DMO), has announced that the Federal Government (FGN) savings bond established in May 2017, has recorded...
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