Business
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FG meets NASS, raises debt service by N225bn
The Minister of Finance, Budget and National Planning, Zainab Ahmed, on Thursday presented a revised 2020 Appropriation Act to the...
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Oil records second monthly drop, unsold cargoes increase
Crude oil in the Organisation of Petroleum Exporting Countries reference basket dropped for the second consecutive month in April, shedding...
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Naira to depreciate further – Analysts
Economists and other development experts are forecasting a sustained weakening of the national currency’s (Naira) exchange rates against other international...
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Currency in circulation rises by N11.38bn in one month
The total currency in circulation in the country rose to N2.3tn as of April 30 from N2.29tn on March 31,...
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NSE All-Share Index Rises 0.8% as Market Sustains Positive Performance
The stock market rose further Thursday as buying interest in bellwethers such as Dangote Cement Plc, Nestle Nigeria Plc and...
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Cadbury Nigeria Shareholders to Receive 49kobo Dividend Per Share
Shareholders of the Cadbury Nigeria Plc will receive a dividend of 49 kobo per share on June 25, 2020 after...
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Nigerian treasury bills oversubscribed by N132bn
The Nigerian Treasury Bills auctioned for the month of May was oversubscribed by N132bn. The Debt Management Office disclosed...
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Airtel Africa Posts $3.4bn Revenue, $598m Profit Before Tax
Airtel Africa Plc has reported a revenue of $3.422 billion for the year ended March 31, 2020, showing an increase...
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Renewed interest in bellwethers pushes NSE’s indices by N7 billion
The equities market halted losing streak to close in an upbeat yesterday, occasioned by renewed interest in high value stocks,...
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DMO to Raise N60bn through Bond Auction
The Federal Government through the Debt Management Office (DMO) is set to raise N60 billion through bond issuance. The...
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AIICO pays N1.7b claims
AIICO Insurance Plc paid about N1.7 billion claims within the first 21 days of the COVID-19 lockdown, the Managing Director...
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Analysts forecast bright outlook for Nigeria’s oil earnings
Despite Federal Government’s substantial cut of the oil price benchmark to $20 per barrel a few days ago, Nigeria’s revenue...
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NSE All-Share Index Sheds 1.06% on Continuing Profit Taking
Profit taking continued at the stock market yesterday, leading to a decline of 1.06 per cent in the Nigerian Stock...
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SEC reopens head office, promises to protect investors
The Securities and Exchange Commission says following the Federal Government’s partial easing of the lockdown measures introduced to minimise the...
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Dollar sells for N445 as forex scarcity persists
The dollar exchanged for N445 in the parallel market on Monday due to scarcity and shrinking liquidity in the forex...
Read moreCOVID-19 will worsen Nigeria’s debt, says NESG
With declining revenue, Nigeria’s debt position will be worsened as the government is set to embark on massive borrowing of...
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Afreximbank cancels AGM
African Export-Import Bank (Afreximbank) has cancelled its 27th Annual General Meeting due to the COVID-19 pandemic. It is now to...
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Q1: Sterling Bank Records N35bn Gross Earnings, N2.2bn Profit
Sterling Bank Plc has recorded gross earnings of N32.9 billion in the first quarter ended March 31, 2020, compared with...
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Stock market ends rally with N49 billion plunge
Following price losses suffered by most blue-chip stocks, the Nigerian equities market reopened on a downturn yesterday, as market capitalisation...
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UAC sets July date to divest from UPDC
UAC of Nigeria (UACN) Plc has said it would unbundle its ma jority stake from its loss-making property arm UACN...
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Borrowing: W/Bank, AFDB to approve Nigeria’s request by June – DMO
The Federal Government has disclosed that the $1.5billion loan request from the World Bank and the additional $500 million loan...
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Importers worry over N2bn air cargo storage charge
There are billions of naira worth of overtime cargoes at the airports with accumulated storage fees amounting to over N2bn,...
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Foreign investors free to repatriate their funds – CBN
The Central Bank of Nigeria (CBN), has assured investors interested in repatriating their funds from Nigeria that they can do...
Read moreCheap assets, lockdown easing, others push NSE’s indicators by 4.45%
Cheap stocks prices, gradual easing of the lockdown, and inflow of facilities from the International Monetary Fund (IMF), propelled activities...
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Global Stock Markets Lose $18tn to Pandemic, Says Report
Over $18 trillion have been wiped out globally by the COVID-19 crisis between February and March 2020, even as capital...
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