Economy
OPEC output sinks despite partial compliance by Nigeria, Iraq
The Organisation of Petroleum Exporting Countries (OPEC) oil output hit the lowest in two decades in June as Saudi Arabia...
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‘W/Bank appoints two Vice Presidents for African region’
The World Bank’s Sub-Saharan Africa Regional portfolio will now be managed by two vice presidents covering Western and Central and...
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EU opens borders to 15 countries, excludes Nigeria, others
The Council of the European Union has opened its borders to 15 countries, excluding Nigeria. According to information gathered...
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Shell takes $22b hit over low oil prices
Shell, an oil giant, has warned that the low price of oil could reduce the value of its assets by...
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Stock market resumes July upbeat as index rises by 0.47%
Following price gains recorded by most blue-chip stocks, the equities market resumed trading for the month of July upbeat, causing...
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Agusto & Co. assigns a ‘Bb’ rating to Providus Bank Plc.
The rating expires on 30 June 2021. The rating assigned to Providus Bank Plc (“ProvidusBank” or “the Bank”) reflects its growing brand...
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FIRS generates N66bn from stamp duty in five months
The Federal Inland Revenue Service (FIRS) has said it remitted N66 billion as stamp duty revenue into the federation account...
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FG may force DSTV to charge per view
The Federal Government has disclosed plans to force the Digital Satellite Television, owned by MultiChoice, a South Africa-based cable service...
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AXA Mansard records N21b gross premium
Despite the challenging operating environment, AXA Mansard Insurance Plc, in its unaudited financial report 2020, has announced a Gross Written...
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Aviation workers vow to resist airport concession
Fault N1.7b consultation fee award Aviation workers yesterday rejected the planned concession of the big four airports in Lagos,...
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Stocks shed N198bn as Cadbury, BUA Cement lead losers
The nation’s stock market closed on a negative on its last trading day in June as 34 firms, led by...
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Fixed income securities make N334.4b
ABOUT 8,469,257 million contributors, including workers and retirees, have earned N334.46 billion from fixed income securities, The Nation has learnt This...
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Conoil Records N1.9 Billion Profit, Recommends 200 kobo Dividend
Conoil Plc, a total energy provider, has reported a revenue of N139.8 billion for the year ended December 31, 2019,...
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Agusto & Co affirms the ‘A+’ rating assigned to Nigeria Mortgage Refinance Company Plc.
The rating expires on 30 June 2021. Agusto & Co affirms the ‘A+’ rating assigned to Nigeria Mortgage Refinance Company Plc (“NMRC”...
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Discos: 40% of Electricity Users Don’t Pay Bills
Electricity distribution companies (Discos) in Nigeria have said that over 40 per cent of the country’s citizens who use their...
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FG okays primary six, JSS 3, SSS3 resumption, ends interstate lockdown
• Day care, other primary, secondary schools’ classes, higher institutions remain shut • Domestic flights to resume • Churches, mosques,...
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FCMB Group to Acquire 96% Stake in AIICO Pensions
The FCMB Group has notified the Nigerian Stock Exchange that its pensions arm, FCMB Pensions Limited, has entered into an...
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Oil prices rise on improving economic data
Oil prices edged higher on Monday, after bullish data from Asia and Europe, but sharp spikes in new coronavirus infections...
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Nigeria, others face $44 billion financing gaps despite huge loans
Still struggling to deal with the impact of the coronavirus on their economies, the International Monetary Fund (IMF), has said...
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FMDQ CEO Relishes Admission of Dangote Cement Bond and MTN CP
The Chief Executive Officer of FMDQ Group, Mr. Bola Onadele. Koko, has said admission of Dangote Cement Plc N100 billion...
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FAAN Increases Passenger Service Charge by 100%
The Federal Airports Authority of Nigeria (FAAN) has increased the Passenger Service Charge (PSC) payable by air travellers on local...
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Access Bank pays three-month Stamp Duty Charge for customers
ACCESS Bank Plc on Sunday concluded payment for a three-month Stamp Duty Charge for all its customers debited from February...
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SEC moves to protect investors from bogus offers
Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC) has introduced a major amendment to disclosures and information to...
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N1.3bn Debt: AMCON Takes over Unicorn Place & Leisure’s Assets
Following the order of Justice Saliu Saidu of the Federal High Court, Lagos division, the Asset Management Corporation of Nigeria...
Read moreInvestors gain N1.3bn despite bearish trend
Despite four consecutive losses during the week, the local stock market closed on a bullish note as buying interest in...
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