Business
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Experts want increased participation in debt capital market
With only three per cent adult patronage in the capital market, stakeholders have urged retail investors to patronise the debt...
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AfDB okays $20b for transport infrastructure
The African Development Bank (AfDB) has invested over $20 billion in transport infrastructure on the continent in the last one...
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CBN intervention to retail secondary market hits $13bn in 1yr
Data compiled by Daily Trust show that the Central Bank of Nigeria (CBN) has made interventions in the retail Secondary...
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Petrol subsidy gulped N650.2bn in 12 months – Report
The Federal Government spent a total N650.2bn in subsidising Premium Motor Spirit; latest statistics obtained from the Nigerian National Petroleum...
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SEC Begins Close Monitoring, Supervision of Capital Market Operators
The Securities and Exchange Commission (SEC) has begun a close monitoring and supervision of capital market operators in a bid to...
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Recapitalisation: NAICOM seeks agencies’ support for insurers
The National Insurance Commission is engaging other regulatory bodies on how to assist the insurance companies to meet up with...
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Apex bank rolls over N208.6b maturing T-bills
THE Central Bank of Nigeria (CBN) has rolled over N208.6 billion Treasury Bills across all maturities at the Primary Market...
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UBA declares 20k interim dividend
United Bank for Africa Plc has announced its audited half year financial results for the period ended June 2019, showing...
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Stock Market in Moderate Loss as Investors Adopt Cautious Trading
The free fall in stock prices moderated as the market went down marginally by 0.69 per cent in August compared...
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Buhari welcomes investments from Japan Bank, Toyota Group
President Muhammadu Buhari on Friday welcomed the interest shown by the Japan Bank for International Cooperation and the Toyota Group...
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Stock market reverses previous gains, as index plummets by 0.7 per cent
Following price losses incurred by most blue-chip stocks, the Nigerian Stock Exchange (NSE) closed on a downward note yesterday, as...
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Guinness Nigeria Posts N5.5bn Profit, Declares N3.3bn Dividend
Guinness Nigeria, a leading beverage alcohol firm in Nigeria, yesterday reported a profit after tax (PAT) of N5.483 billion for...
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Zenith Bank Unveils Education Loan for Children
Zenith Bank Plc has introduced the Zenith Children’s Account (ZECA) Education Loan, to assist parents pay their children/ wards school...
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Sterling Bank Set for ‘Agriculture Summit Africa’
Sterling Bank Plc has finalised plan to organise an Agriculture Summit Africa in Abuja between 5th and 6th of September,...
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Elumelu Charges Japan to Commit to Empowering African Entrepreneurs
The Founder of the Tony Elumelu Foundation (TEF) and the Chairman of the United Bank of Africa (UBA) Plc, Mr....
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Nigeria risks poor Internet connectivity over slow IPv6 migration
The slow adoption of Internet Protocol Version Six (IPv6) in Nigeria and other parts of Africa may impact negatively on...
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NCC Restates Commitment to Increased Broadband Penetration
The Nigerian Communications Commission (NCC) has assured Nigerians of pervasive broadband penetration, irrespective of location. The Commission said it was...
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The August 2019 Business Expectations Survey (BES) has identified insufficient power supply (65.9 points), high interest rate (56.5 points), financial...
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Agbaje: New CBN, Bankers’ Committee Initiative Will Accelerate Lending
The Managing Director of Guaranty Trust Bank Plc, Mr. Segun Agbaje, has said the Central Bank of Nigeria (CBN) and...
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Internet Fraud: We’re Reversing Financial Transactions of Nigerians Charged in US, Says NFIU
The Nigerian Financial Intelligence Unit (NFIU) has started reversing some of the financial transactions of some Nigerians arrested by the...
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Manufacturers Demand Comprehensive Industrial Policy from Federal Govt
Operators in the Nigerian manufacturing sector have stressed the need for the federal government to develop a coherent and comprehensive...
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Evaluating the Heads of Revenue Agencies
Revenue refers to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign...
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UAC Reduces Stake in MDS Logistics, Rakes in $2.4 Million
UAC of Nigeria Plc of Nigeria Plc is to realise $2.4 million from the sale of eight per cent of...
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Agusto expects downstream operators to grow revenue by 8% in 2020
There are expectations that operators in Nigerian downstream oil and gas sector can grow revenue earnings from the sale of...
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Discos to repay N34bn CBN loan this year
Electricity distribution companies are expected to repay this year N34.05bn of the loan disbursed under the Central Bank of Nigeria-Nigeria...
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