Business
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Inventories hit N402 billion amid weakened purchasing power, forex concerns
Despite struggling to access foreign exchange to secure raw materials, local manufacturers have decried the rising level of inventory, especially...
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Naira plunges further, exchanges for N460
The naira continued its downward trend, as it exchanged for the dollars at N460 in the parallel market on Tuesday,...
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FG’s N250b gas intervention fund targets CNG, LPG as alternative fuels
The Federal Government has stated that its N250 billion intervention facility for the national gas expansion programme is targeted at...
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MyKab brightens Lagos e-hailing taxi business
Tajudeen Adegbaju has invested about 30 years into commercial taxi service in Lagos, but he said he is thinking of...
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FG Marks National Identity Day
The Federal Government is marking the National Identity Day on Wednesday, September 16 (16.9), a day set aside by countries...
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AMCON takes over firm’s assets over N4b debt
The Asset Management Corporation of Nigeria (AMCON) has taken over assets of Mr Frank Okwudili Ezuma and his wife Lilian,...
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Agusto & Co. assigns a ‘Bbb’ rating to WAPIC Insurance Plc
Agusto & Co. assigns a ‘Bbb’ rating to WAPIC Insurance Plc, with a stable outlook. This rating expires 30 June...
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N75b MSMEs palliative fund disbursement begins
THE Nigerian Economic and Sustainable Plan (NESP) has kicked off the disbursement of the Micro Small and Medium Enterprises (MSMEs)...
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‘How Nigeria can fast track move from cash, manual economy’
Some stakeholders in the financial technology sector have highlighted leeway that will enable the sustainable transition of Nigeria’s economy from...
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Naira exchanges N460 to dollar on parallel market
THE naira on Monday fell by 1.09 per cent to N460 on the parallel market. The naira decline followed President...
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Sustained bargain-hunting pushes index further by 0.05 per cent
Following sustained bargain hunting in most blue-chip stocks, trading on the Nigerian Stock Exchange (NSE), reopened upbeat, yesterday, causing the...
Read moreConcerns rise on banks’ CRR as COVID-19 impact on businesses bites
Amid the devastating effects of COVID-19 on businesses, commercial banks currently have the issues of Cash Reserve Ratio (CRR) obligations...
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Hyundai to unveil new Tucson on Monday
Due to debut today, Hyundai’s upcoming compact sport utility vehicle (SUV) prepares to take “sharply styled” to a whole new...
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Afreximbank disburses $200 million to Zenith Bank Nigeria
African Export-Import Bank (Afreximbank), has disbursed $200 million to Nigeria’s Zenith Bank Plc under its Pandemic Trade Impact Mitigation Facility...
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Subsidising the Naira Blocks Nigeria’s Economic Takeoff
The naira should be floated to find its exchange rate value on the market if Nigeria’s economy is to become...
Read moreIndex plunges by 0.05% amid dividend declarations
Despite the dividend declarations expected to support market uptrend, equity transactions declined for three consecutive sessions last week, causing the...
Read moreInflation rate’ll hit 14.15% as deficit financing rises — CBN
The country’s inflation rate which stood at 12.82 per cent in July may rise up to 14.15 per cent by...
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Delta Resumes Lagos to Atlanta Flight
Delta Airlines resumed operations from Lagos to Atlanta on Wednesday. A statement from the airline said it would fly four...
Read moreNaira plunges, exchanges for N440/$
The naira exchanged to the dollars for N440 in the parallel market on Thursday, despite the resumption of forex sales...
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Stock market rebounds with N50bn gain
The Nigerian equity market closed in the green on Thursday as investors began to take position on the undervalued stocks....
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Oil rises slightly to $40, demand concerns persist
Crude oil prices on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound...
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Pipeline repairs cost NNPC N41.98bn in six months
The Nigerian National Petroleum Corporation has said it spent a total of N41.98bn on pipeline repairs and management cost in...
Read moreThree bank CEOs quit NESG Board over stance on CBN’s economic interventions
CHIEF Executive Officers (CEOs) of three prominent banks have resigned their membership of the Nigerian Economic Summit Group (NESG) board....
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Banks Record N263.78tn Electronic Payment Transactions
The total value of transactions through electronic payment channels recorded in the second quarter of 2020 stood at N263.78 trillion...
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Nigeria’s debt hits N31tr
Nigeria’s total debt stock has risen in the last three months to N31.009 trillion ($85.897 billion), from N28.628 trillion ($79.303billion),...
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