Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Insurers lose $500m aviation business to coronavirus
Insurance firms have lost $500 million or N1.88 billion in aviation business, The Nation has learnt. This loss is...
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Renewed appetite in bellwethers lift NSE’s indices by 0.67 per cent
Despite the one-day public holiday declared by the Federal Government to commemorate Democracy Day, investors renewed appetite in bellwether stocks...
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Netflix, Mo Abudu partnership boost for creative industry – FG
The Federal Government has described the partnership between Nigerian filmmaker, Mo Abudu, and American streaming giant, Netflix, as a big...
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FG’s Sukuk bond oversubscribed by N519.12bn
The Federal Government’s Sovereign Sukuk bond of N150n offered to investors was oversubscribed by N519.12bn, the Debt Management Office has...
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Nigeria has highest personnel cost in global petroleum industry
…Why high cost of oil production may persist …IOCs, industry players bemoan insecurity, multiple taxes Stakeholders have raised concerns...
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Democracy Day: I have recorded notable achievements, Buhari boasts
The President, Major General Muhammadu Buhari (retd.), on Friday assessed his regime as the nation commemorates Democracy Day and returned...
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Neimeth’s Share Price Rises 102% as Investors React to 939% Profit Growth
Neimeth International Pharmaceuticals Plc yesterday maintained its lead on the price gainers’ table at the stock market as investors continued...
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Health, education get more in revised N10.810trn budget
…Health: N897m increase, Education: N1.709bn …Debt Servicing to gulp N2.951trn The Senate yesterday passed N10.810 trillion as revised budget for...
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Kyari: NNPC to End Oil Sale Discounts July
The Nigerian National Petroleum Corporation (NNPC) has set a July deadline to end its crude sales discount regime. NNPC...
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Senate tasks new SEC DG, commissioners on investments
Following his confirmation as the new Director General of the Securities and Exchange Commission (SEC), the Senate yesterday charged the...
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PenOp Elects Odutola President
The Pension Fund Operators Association (PenOp) has elected Mr. Wale Odutola as its new president. With the election, he would...
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Unity Bank Posts N44.5bn Gross Earnings for 2019
Unity Bank Plc has announced gross earnings of N44.59 billion for its 2019 financial year, up from the N34.65 billion...
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Profit-taking reverses positive streak as index loses 0.47%
Transactions at the Nigerian Stock Exchange (NSE), reversed the gaining streak to close on a downturn, yesterday, following profit-taking by...
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FG to auction N150bn bonds
The Debt Management Office has said the Federal Government will auction N150bn worth of bonds by subscription on June 17....
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FMDQ lists Dangote Cement’s N100bn debt securities
FMDQ Securities Exchange Limited has announced the approval of the quotation of the Dangote Cement Plc N34bn Series 15 and...
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MTN in historic N100b largest debut commercial paper
MTN Nigeria Communications Plc has raised N100 billion in its debut commercial paper (CP) issuance, making history as the largest...
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Equities market sustains bullish trend, investors gain N44bn
Today, the NSE All-Share Index (ASI) appreciated 34bps to close at 25,335.15 points following buying interest in BUA Cement (+4.1...
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Federal Government inaugurates first gold refining company
The Federal Government, Tuesday, inaugurated Nigeria’s first Gold and precious Metals Refining Conglomerate, an operation of Dukia Gold a Precious...
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AXA Mansard’s gross written premium is N43.6b
AXA Mansard Insurance Plc recorded a Gross Written Premium (GWP) of N43.62 billion in 2019 up by 29 per cent...
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FG suffers N1.01tn revenue shortfall
The negative impact of the Coronavirus pandemic has resulted in the Federal Government recording a revenue shortfall of about N1.01tn...
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BUA Cement Grows Profit by 26% to N20bn in First Quarter
BUA Cement Plc has recorded a 25.1 per cent increase in revenue to N54 billion, from the N43.1 billion recorded...
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Investors’ appetite for bellwethers lift NSE’s index by N122b
Investors’ appetite in bellwether stocks lifted transactions on the equities sector of the Nigerian Stock Exchange (NSE), causing market capitalisation...
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Agusto affirms Coronation MB’s Rating
Coronation Merchant Bank remains one of the top rated merchant Banks in Nigeria as shown by the recently released Rating...
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May & Baker pays N431.31m to shareholders as net profit doubles
Shareholders of May & Baker Nigeria Plc at the weekend received a total of N431.31 million as cash dividends for...
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Flights resumption: No decision taken on social distancing in aircraft — NCAA
Discussions are still ongoing over modalities for implementing social distancing protocol in the aircraft ahead of June 21 flights resumption,...
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