Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Equities rebound as investors stake N5.02b
AFTER four consecutive negative trading, Nigerian equities returned to the positive side yesterday as increased bargain-hunting overshadowed profit-taking transactions on...
Read more
Power, fuel, VAT increments caused tariff hike – DSTV
MultiChoice Group, owners of the DSTV, has blamed the recent hikes in its subscription tariffs on high cost of production,...
Read more
Dangote refinery, others threaten existing plants – OPEC
New refining capacities expected to come on stream in Nigeria and other African countries in the next few years may...
Read more
Raise banks’ liquidity ratio to discourage foreign currency holding, ABCON charges CBN
• Warns against pegging interest rates to avoid faulty system • Says increasing retirement age would aggravate youth unemployment ...
Read more
Equity market extends downturn by N41bn
Transactions in the Nigerian equity market on Monday closed negative, as losing streak extended to the fourth consecutive trading days,...
Read more
Union Bank Secures $40m from IFC to Boost Trade
Union Bank said it has received a $40 million facility from the International Finance Corporation (IFC), a member of the...
Read more
Nigerian insurance industry’s asset rises to N1.8tn
The Nigerian insurance industry’s assets rose from N1.61tn at the end of the 2019 financial year to N1.8tn in June...
Read more
Abbey Mortgage Bank plans N3b new capital injection
Abbey Mortgage Bank Plc plans to raise about N3.03 billion new equity funds from its shareholders. Regulatory filing at the...
Read more
NCC prosecutes seven for SIM card offences
The Nigerian Communications Commission has secured court convictions of seven persons for SIM-card-related offences. The commission, in a statement by...
Read more
Naira gains N8 as equities make N778b
THE naira appreciated by N8 in the last one week at the parallel market and the equities market recorded major...
Read more
Stocks record 5.3% weekly rise, investors gain N740bn
The nation’s stock market recorded an increase of 5.3 per cent last week, with investors gaining N740bn. The Nigerian Stock...
Read more
Why we increased fare — Uber
Uber Nigeria has explained that its new fare regime will provide better earnings for driver partners and remain affordable for...
Read more
CBN to enforce banks’ compliance with SWIFT code
The Central Bank of Nigeria has ordered banks to comply with the SWIFT universal payment confirmation. It stated this in...
Read more
Lasaco Appoints Olateju Phillips as New Chairman
The Board of Directors of Lasaco Insurance Plc has appointed Dr. (Mrs.) Maria Olateju Phillips, as the new chairman. In...
Read more
EFCC docks NULGE chairman for N17.5m, bank manager for $50,000 fraud
The Economic and Financial Crimes Commission (EFCC) Makurdi Zonal office, yesterday arraigned Otsapa Ubani Otsapa, chairman of the National Union...
Read more
Banking Sector Credit Rises to N18.90tn Nationwide
The total banking industry credit to customers in the 36 states of the federation and Federal Capital Territory (FCT) rose...
Read more
We’ll make petrol-to-gas conversion in automobiles cheaper — FG
The Federal Government has said that it will help reduce the cost required for the conversion of automobiles from the...
Read more
Telecoms industry gets N358b direct foreign investments
Nigeria’s telecommunications sector welcomed $942.8 million (N358.26 billion) capital inflow, popularly known as Foreign Direct Investments (FDIs), in 2019. The...
Read more
CBN warns against fraudulent loan offers, investment schemes
The Central Bank of Nigeria has asked the public to beware of fraudulent loan offers and investment schemes. The acting...
Read more
Clearing Agents Seek Customs Intervention on Tin-Can Port Trade Disruption
Clearing agents operating at the Tin-Can Island ports have called on the Comptroller General of the Nigeria Customs Service (NCS),...
Read more
NIPOST begins address verification service
The Nigerian Postal Service has inaugurated an Address Verification Service. Through the service, corporate and private organisations can approach NIPOST...
Read more
Stocks Slide As Profit-Taking Persists
Sell pressures continued at the floor of the Nigerian Stock Exchange as sustained profit-taking dragged the All-Share index lower by...
Read more
Okonjo-Iweala, South Korean in final contest for WTO leadership
Former Minister of Finance, Ngozi Okonjo-Iweala, Nigeria’s candidate for the World Trade Organization’s director-general has been selected as one of...
Read moreShipping firms, airlines breach CBN dollar rule
Shipping and airline companies have been depriving Nigeria of the much-needed dollar earnings by not remitting export proceeds, the Central...
Read more
Senate probes commercial banks over illicit, excess charges
The Senate on Wednesday mandated its Committee on Banking, Insurance and Other Financial Institutions to investigate the alleged illicit and...
Read more
Powered by Agusto & Co.