Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
CBN’s examination shows breach of rules by BDC operators
Despite the increasing awareness and reforms in the Bureau De Change (BDC) sub-sector, a significant number of operators are below...
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FIRS woos foreign investors to Nigeria with attractive tax
The Federal Inland Revenue Service (FIRS), has tasked foreign investors to consider Nigeria as their first option for business considering...
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CBN stops treasury bills’ sale to individuals
The Central Bank of Nigeria has given a directive to banks and other financial institutions to stop the sale of...
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Equities market extend losing streak as index slumps further
Equities market extended the losing streak at the end of yesterday’s transactions, as more bluechip stocks depreciated in price, resulting...
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Customers Call for Lower Charges, Enhanced Security on Digital Platforms – Agusto & Co. Report
Customers have called on banks to enhance security measures on their digital platforms and reduce charges for frequently used services...
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Millions of Naira Property, Goods Lost to Lagos Inferno
A raging inferno yesterday gutted some high-rise buildings housing shops and residential homes at the Balogun Market, Victoria Island area...
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May & Baker Nigeria Grows Profit by 14% to N696m in Nine Months
May & Baker Nigeria Plc grew its profit after tax (PAT) by 14 per cent in the nine months ended...
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Foreign investment in equities rises to $9.48bn
The value of foreign portfolio and direct investment in equities amounted to $9.48bn (N3.44tn) between June 2017 and June 2019....
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NSE All-Share Index Falls 0.10% as Market Returns to Negative Mode
The Nigerian equities market returned to negative mode yesterday as the Nigerian Stock Exchange (NSE) All-Share Index fell by 0.10...
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Agusto & Co. Assigns ‘4 star’ Ratings to Two Banks in Nigeria
Agusto & Co Limited, leading Pan African credit rating agency in Nigeria for over 26 years has released its 2019...
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Like Nigeria, India Set to Slam Fines on Palm Oil Importation
India, the world’s largest buyer of palm oil is to impose more heavy fines on imported palm oil products in...
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Insurers to raise N50 billion fresh capital for recapitalisation
Out of the 58 insurance companies in the nation’s economy, seven have reached to their investors to mobilise a cumulative...
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Vitol Pulls out of $1.5bn Deal to Buy Nigerian Oil Fields
Oil trader, Vitol, has quit a consortium that was set to buy a stake in two Nigerian oil fields from...
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NAICOM assures of refund to investors of failed operators
The National Insurance Commission (NAICOM) has said funds raised from investors in the ongoing recapitalisation would be refunded if the...
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Why we adopted unconventional monetary policy- CBN governor
The Governor, Central Bank of Nigeria, Godwin Emefiele has said that the federal government has adopted the unconventional monetary policy...
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Dangote plans fuel exports to Europe, others
Dangote Group has said it plans to export petroleum products from its refinery to Europe, South America, West Africa and...
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Underwriters raise investors’ hopes as earnings shot up by 600%
Determined to increase the shareholders’ confidence in the nation’s insurance industry, underwriting companies have been wooing investors with better returns...
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Nigeria, US trade hits $5.21bn in eight months
Nigeria and the United States recorded 5.21 billion dollars bilateral trade between January and August this year. The Consul General,...
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Odu’a Investment posts N849m profit
The Odu’a Investment Company Limited has declared the sum of N849m as profit for the financial year ended December 2018....
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Banks, telcos, fintech urged to provide free USSD codes
Achieving 90 per cent inclusion in Nigeria by 2020, above Central Bank of Nigeria (CBN’s) 80 per cent target is...
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BUA’s Obu Cement, CCNN Set to Merge
BUA Group, one of Africa’s largest conglomerates wednesday announced the consolidation of its cement business comprising the publicly listed two...
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Border closure: Nigeria rejects Vietnam’s rice importation plea
The Federal Government (FG) has rejected plea by Vietnam that its rice should be allowed into Nigeria. Instead, the FG...
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MTN deactivates 600,000 subscribers, grows by 12.1%
MTN Nigeria said it deactivated 600,000 active subscribers in compliance with the directive of the Nigerian Communications Commission to deactivate...
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Investors’ appetite for high cap stocks lifts NSE’s index by 0.25%
Investors’ renewed appetite for some highly capitalised stocks lifted transaction on the trading of the Nigerian Stock Exchange (NSE), yesterday,...
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Agusto & Co, GCR Affirm InfraCredit’s Ratings
Agusto & Co Limited and Global Credit Rating Company (GCR) have respectively affirmed the ‘AAA’ rating as well as assigned...
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