Economy
Foreign reserves drop to $36.12bn, says CBN
The country’s foreign reserves fell by $454.05m from $36.57bn on June 1 to $36.12bn on July 15, the latest figures...
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10 things you need to know about MTN’s e-SIM trial
MTN Nigeria has begun the trial of e-SIM services on its network based on approvals received from the Nigerian Communications...
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Jaiz Bank pays shareholders ₦884m maiden dividends
Shareholders of Jaiz Bank Plc, will receive their first ever dividend payment since the bank began operation. Shareholders of...
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Bellwethers push NSE’s indices further by N104 billion
Sustained bargain-hunting in most highly value stocks, especially MTN Nigeria, and Airtel, yesterday, lifted the Nigerian Stock Exchange (NSE) market capitalisation...
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Agusto & Co. affirms the “Aa-” rating and stable outlook assigned to Access Bank Plc.
The rating expires on 30 June 2021. The rating assigned to Access Bank Plc (‘Access Bank’ or ‘the Bank’) reflects its market...
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Many Nigerians struggle to survive as safety nets, incomes weaken
Although the working situation seems to be improving with the easing of the lockdown, Nigerian workers and consumers still face...
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Labour ministry, senators clash over banking bill amendments
The relationship between the Ministry of Labour and the National Assembly worsened on Wednesday when the representative of the Minister...
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5G Technology a Necessity, Says FG
The Minister of Communications and Digital Economy, Dr. Isa Ibrahim Pantami has said the committee for 5G network deployment has...
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MTN begins trial of e-SIM in Nigeria
MTN Nigeria Plc has commenced the trial of embedded SIM services on its network as part of its drive to...
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NIPC wokers’ protest lingers
The Nigerian Investment Promotion Commission (NIPC) workers’protest has entered its sixth day as efforts to resolve their complaints on welfare,...
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NEXIM Bank Disburses N52.9bn to Boost Non-oil Activities
The Nigerian Export-Import Bank (NEXIM) has refuted allegations that it mismanaged a N50 billion-Central Bank of Nigeria (CBN) Export Development...
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Bargain hunting lifts NSE’s index by 0.06%
Following bargain-hunting in some blue-chips, especially Airtel Africa and Sunu Assurance, the domestic equities market closed positive for the first...
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Agusto & Co. affirms the “Aa-” rating assigned to United Bank for Africa Plc
The rating expires on 30 June 2021. The rating assigned to United Bank for Africa Plc. (“UBA” or “the Bank”)...
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Nigerians lacked enough water, soap for hand washing – NBS
The National Bureau of Statistics said on Tuesday that a large number of Nigerian households surveyed in June said they...
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One week after flights resumption, airlines record 30% traffic
Domestic flights started last Wednesday with Lagos and Abuja, and by Saturday, Port Harcourt, Kano, and Owerri flights resumed. ADVERTISEMENT...
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LAPO MFB’s Bond Offer Oversubscribed
The Managing Director, LAPO Microfinance Bank, Dr. Godwin Ehigiamusoe has expressed delight over the successful listing of LAPO N6.2 billion...
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OPEC adjusts oil demand to 8.9 million bpd
The Organization of the Petroleum Exporting Countries (OPEC), yesterday, revised downward its world oil demand in 2020, to an estimated...
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LIRS plans additional tax incentives, reliefs
The Lagos State Internal Revenue Service has commenced the implementation of additional reliefs and measures to further ease the impact...
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Dangote Sugar creates three billion new shares
Shareholders of Dangote Sugar Refinery (DSR) Plc have approved the creation of three billion new ordinary shares of 50 kobo...
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FG Urged to Consider Niger Delta Indigenes in New Marginal Oilfields Bids
The skepticism surrounding the transparency and fairness in the process of the ongoing bid round for 57 marginal oilfields has...
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Banks to place chronic loan defaulters on watch list
The Central Bank of Nigeria on Monday released the guidelines aimed at reducing non-performing loans in the banking sector and...
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Farmers in 11 states to get fertilizer at N4,500
As part of the COVID-19 palliative, about 50,000 farmers across 11 states will get two bags of fertilizer each at...
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CBN bans forex for maize importation
The Central Bank of Nigeria has directed foreign exchange dealers to stop processing ‘Forms M’ for the importation of maize...
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Second wave of pandemic poses risks to oil rebound
As countries brace for a second wave of the coronavirus spread, analysts have warned that an unexpected hit to demand...
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Equities open with N56b loss
Nigerian equities reopened on Monday with considerable sell pressure on leading stocks in the main sectors of banking, oil and...
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