Business
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C&I Leasing raises N3bn bond, targets N66.34bn in 2023
C & I Leasing PLC, a financial leasing company, said at the weekend its ongoing N3.2bn right issue will be...
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Equities Market Declines Further on Continuing Profit Taking
Trading at the stock market remained bearish last week as the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell further...
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ARM Buys into Firm to Enhance Investment Opportunities
Asset & Resource Management Holding Company Limited (ARM HoldCo) is making an equity investment in Trove – a micro-investing application...
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Nigerian, other African airlines may lose another $200m in 2020
The International Air Transport Association (IATA) yesterday released its forecast for the year 2020, with Nigerian airlines and their African...
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NEITI unveils owners of oil firms, mining licences
The Nigeria Extractive Industries Transparency Initiative on Thursday unveiled the extractive sector beneficial ownership register for Nigeria. NEITI’s Executive...
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FG to audit spectrum licences issued in last two decades
The Federal Government is planning to carry out frequency audit on all the spectrum licences issued from inception till date,...
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Electricity workers suspend strike, reps back agreement with FG
The leadership of the House of Representatives has said it will ensure the implementation of the agreement between the National...
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Banks refund N76.7bn, $20.9m to customers —CBN
The Central Bank of Nigeria has said the amount of money refunded to bank customers as of November 30, 2019,...
Read moreNSE Counsels New Stockbrokers against Market Infractions
The Chief Executive of Nigerian Stock Exchange (NSE), Mr. Oscar Onyema has restated the exchange’s zero tolerance policy on all...
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Stock market records first gain in December
The Nigerian Stock Exchange (NSE) yesterday recorded the first gain in December with the crucial market indices appreciating by 0.19...
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Price losses outweigh gains on NSE as index slumps by 1.11 per cent
Price losses continued to outweigh gains on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks...
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Recapitalisation: NSE Boss, Onyema, Bullish on Insurance Sector
The Chief Executive Officer, Nigerian Stock Exchange (NSE), Mr. Oscar Onyema yesterday said the ongoing recapitalisation exercise in the insurance...
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N29bn debt: AMCON takes over Omokore’s company, Cedar Oil & Gas
Hon. Justice C.J. Aneke of the Federal High Court Lagos Division has granted an injunction against Cedar Oil & Gas...
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As Dangote Sets Pace in Refinery Construction
For decades, most advanced refineries and petrochemical plants globally have been coming online in China, Saudi Arabia and India. These...
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President directs MDAs to publish financial transactions online
President Muhammadu Buhari has directed the Office of the Accountant General of the Federation (OAGF) to henceforth, publish daily treasury...
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Air Peace to open Ibadan, Abuja, Kano, Owerri routes
As part of its no-city-left-behind initiative, Air Peace airlines has concluded plans to open the Ibadan route via direct flights...
Read moreC & I Leasing Assures Stakeholders of Meeting 2020 Profit Target
C & I Leasing Plc yesterday assured stakeholders of meeting its 2020 profit target despite a likely financial error in...
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Report: Digital Banking Driving Financial Inclusion
Due to the increase in the number of Nigerians with access to mobile phones and the increasing internet penetration in...
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Licence threat: Discos’ deadline expires, NERC keeps mum
The deadline issued by the Nigerian Electricity Regulatory Commission mandating the electricity distributors to comply with some industry requirements or...
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Arik wasted $240m on two A340 planes- AMCON
Managing Director/Chief Executive Officer of the Corporation, Ahmed Kuru, specifically faulted aircraft acquisition without the due diligence of feasibility studies....
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NIBSS, e-banking heads want to sustain 120% growth
The Committee of e-Banking Industry Heads (CeBIH) and the Nigeria Interbank Settlement System (NIBSS) and have disclosed plans to sustain...
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FMBN releases N75.5bn for 3,541 mortgages, others
The Federal Mortgage Bank of Nigeria processed and disbursed a total of N75.5bn for 3,541 mortgages and 25,242 home renovation...
Read moreWeak sentiment drags equities market by 0.54 per cent
Investors’ sentiment turned negative after four consecutive weeks of gains last week, as the equities market defy the CBN’s policy-induced...
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Telcos, banks rank highest Ad spenders as media expenditure hits N81 billion
Though advertising expenditure dropped in the Above-the-Line (ATL) segment of the media last year to N81 billion, as against previous...
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Nigeria named among highest new users of bitcoin
Nigerians usage of bitcoin has continued to rise despite warnings by the Central Bank of Nigeria that digital currencies are...
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