Economy
Daar Communications Reduces Losses by 36% to N1.4 Billion
Daar Communications Plc has recorded a growth in gross earnings and reduction in losses for the year ended December 31,...
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Stock market reopens upbeat as index rise by N4 billion
Trading on the Nigerian Stock Exchange (NSE) reopened upbeat yesterday, following price gains recorded by most blue-chip companies, as market...
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NCC seeks reduction of data charges
THE Nigerian Communications Commission (NCC) at the weekend urged telecommunication companies to reciprocate the reduction in the charges on Right...
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Investors Stake N10.1bn on Shares as Market Remains Bullish
The stock market remained bullish last week with investors staking N10.12 billion on 950.414 million shares in 16,647 deals. Although...
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Naira crashes 108% against CFA
• In five-year free fall • CBN sells pound above N500 for the first time The naira has fallen...
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Polaris Bank CEO, Abiru, Retires
The Managing Director/Chief Executive Officer of Polaris Bank Limited, Mr. Tokunbo Abiru, has announced his retirement from the bank, effective...
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Nigerians kick as Multichoice hikes tariff twice in three months
More Nigerian subscribers have expressed their readiness to boycott digital satellite services offered by Multichoice, owners of DStv and GoTV....
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Access Bank signs $93.8m syndicated loan
Access Bank Plc, has announced the signing of a Subordinated Syndicated Loan Agreement worth $93.8 million with the Dutch development...
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AMCON returns property to Anglican Church after 99 years
The Assets Management Corporation of Nigeria has handed over a landed property and all the assets on it popularly called...
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Ahead of Adesina’s Re-election, Nigeria Doubles AfDB Voting Rights
Nigeria has almost doubled its voting rights in the African Development Bank (AfDB) to 16.8 per cent before the lender’s...
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News of impending flood sends jitters across Ogun, Lagos communities
* We Can’t Leave Our Homes, No Money To Relocate, Residents Lament * Lagos Prepare For Rescue Operation For residents...
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Buhari okays community policing take off with N13b
To battle the escalating insecurity, community policing will soon take off across the country, the National Economic Council (NEC) said...
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FG reciprocates, bans EU flights from Nigeria
Nigeria will enforce the principle of reciprocity in granting permission to airlines to resume operations into the country as it...
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FG approves local production of bitumen
The Federal Government has given approval for investment by manufacturers in the local production of bitumen and other construction materials...
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CBN Revamps Economic Report Format
The Central Bank of Nigeria (CBN) has enhanced the reporting format and presentation of its periodic economic reports. The latest...
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Infinity Trust Mortgage Bank Secures N2.7bn Facility from DBN
Infinity Trust Mortgage Bank has revealed that it was recently on- boarded as a participating financial institution by the Development...
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Foreign investors shun South-South as oil ‘runs dry’
• Stakeholders blame insecurity, poor governance • ‘New Lagos refinery will pump crude from region’ • Why region needs stability...
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Economy to shrink by 5.2% in 2020, says NESG
The Nigerian Economic Summit Group (NESG) has said the economy will shrink by 5.2 percent this year. It called for...
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Revenue rises by N19.26bn, FG, states, LGs share N676.41bn
The Federation Accounts Allocation Committee has shared a total of N676.41bn for July 2020 Federation Account revenue to the federal,...
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NSE Lists Additional Shares of Consolidated Hallmark Insurance Plc
The Nigerian Stock Exchange (NSE) yesterday listed additional 2,032,500,000 ordinary shares of Consolidated Hallmark Insurance (CHI Plc). In a notification...
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MDAs wilfully refusing to submit audit reports –FG
Most ministries, Departments and Agencies are wilfully refusing to submit their monthly, quarterly and half-yearly audit reports to the Office...
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MTEF: Senate threatens zero budget for CBN, NPA, NCC, NIMASA, others
The Senate Joint Committee on Finance and National Planning, yesterday threatened not to approve the budgets of Federal Government’s agencies...
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Ethiopian Airlines defies FG, resumes flight to London Friday
First flight departs Lagos, 11.40am, Friday (from N619, 561); second flight, 4.30pm (from N390,269) No commercial flight has been cleared...
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Stock market advances with N18bn gain
The nation’s stock market closed higher on Wednesday as the bulls maintained their grip on the market following gains recorded...
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ATMs dispense N30tr in six years despite errors
• Nigerians groan over failing ePayment channels • 70,000 ATM shortfall slows operations • Poor network, downtime deepen crises • Dispense...
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