Economy
Neimeth, Cutix, others lead stock market N10b loss
The Nigerian Stock Exchange (NSE) reopened bearish yesterday, occasioned by losses in most blue-chip stocks, especially Neimeth International, and Cutix...
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E-Tranzact opens application for N7b rights issue
E-Tranzact International Plc has opened application list for its N7 billion rights issue, providing shareholders the opportunity to increase their...
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Julius Berger assures FG on Lagos-Sagamu road, 2nd Niger Bridge
Julius Berger Nigeria Plc at the weekend assured the Federal Government that the second Niger Bridge would be completed as...
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Lagos marks 500 distressed buildings for demolition
The General Manager, Lagos State Building Control Agency, Mrs Biola Kosegbe, says Lagos State has identified 500 distressed buildings and...
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FG records 65% deficit in oil revenue projections — Ahmed
The Federal Government on Sunday disclosed that the lingering COVID-19 pandemic on broad sectors of the economy resulted in about...
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FG, states, LGs’ borrowing from banks hits N954.27bn
Bank loans to the different levels of government and the national economy have continued to grow steadily as the banking...
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WTO: Okonjo-Iweala Promises Support for Low-income Countries
Nigeria’s candidate for the position of Director General of the World Trade Organisation (WTO), Dr. Ngozi Okonjo-Iweala, has assured least...
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How insurers’ N97.2b claims settlement boost market penetration
Modern insurance claims process is increasingly complex. More variables and data are constantly coming into play, but carriers must determine...
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NNPC suffers 47% drop in petrol sales revenue
The Nigerian National Petroleum Corporation saw its revenue from petrol sales plunge by 47.38 per cent to N107.61bn in April...
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Axxela lists N11.5b bond on NSE, FMDQ
AXXELA Limited has con-cluded the dual-listing of its Axxela Funding 1 PLC N11.5 billion Series 1 Bond on the Nigerian...
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NSE’s Value of Trading Declines by 45%
The stock market witnessed a decline in value of investment by investors last week, committing only N7.436 billion as against...
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Border closure: Unsold inventory fell by N23.73b in 2019-MAN
The border closure may have been a blessing in disguise as local manufacturers reaped bountifully with many consumers patronising made-in-Nigeria...
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NCDC announces 653 new cases of COVID-19, total hits 36,107
The Nigeria Centre for Disease Control (NCDC) has announced 653 new COVID-19 cases in the country as total infections from...
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‘Curious gaps in bankers’ National Theatre deal’
• Role Of Bankers Not Properly Defined — Oni • Deal Strong On Leisure Industry, Weak On Creative Enterprise —...
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Waiting on the Revised Petroleum Industry Bill
The much-sought sanity in the petroleum industry may soon be found if the promise by the federal government to transmit...
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GBfoods completes N20b tomato processing factory in Kebbi
GBfoods, a major leader in the culinary product manufacturing, in partnership with the Central Bank of Nigeria (CBN), Kebbi State...
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No More Hiding Place for Loan Defaulters
Individuals and companies, who have the habit of borrowing from banks, with the intention of not paying back, may now...
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Anxiety as forex scarcity hit banks
Indications are that most deposit money banks (DMBs) operating in the country are practically struggling to meet daily demands of...
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Allegations: Magu set for defence, promises to cooperate with Salami panel
Ahead of the opening of his defence on Monday, the suspended Acting Chairman of the Economic and Financial Crimes Commission...
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COVID-19: WAEC Bows to Nigeria, Shifts Examination
•Schools get July 29 deadline to ready facilities for resumption •Cases hit 35,454, with 14,633 discharged and 772 deaths ...
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FG to review decision on school resumption, says Nwajiuba
• Agrees With Four Countries To Consider New Date For WAEC • Gives Proprietors July 29 Ultimatum To Meet Specific...
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Nigeria’s inflation rises to 12.56%, food prices surge
The consumer price index which measures inflation increased by 12.56 per cent (year-on-year) in June, the National Bureau of Statistics...
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Consumers lament outrageous electricity billing despite benchmark
To address the issue of outrageous billing that has continued to plague the electricity distribution sub-sector, and the numerous complaints...
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Non-oil Exporters Want Govt to Fix Domestic Market
Stakeholders in the non-oil export business have asked the government to focus on addressing challenges in the domestic market so...
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Govts Urged to Support SMEs
Governments across all levels have been urged to intensify efforts to save small and medium sized enterprises (SMEs) in the...
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