Economy
Fresh lockdown possible, FG warns again
The Federal Government yesterday again warned of a possible fresh lockdown of the country over the violation of the guidelines...
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Investors gained N109.9bn as market value hits N12.7trn
The bulls maintained dominance at the close of trading on the Nigerian Stock Exchange (NSE), yesterday with investors gaining N109.9bn...
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Nigeria attracted $10.2bn fresh investment in 2019 – Report
Nigeria’s cross-border greenfield capital investment in 2019 grew by 28 per cent to $10.2bn, according to the latest report by...
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Why FG uses foreign airlines to evacuate 4000 Nigerians
The Federal Government’s change of mind and ditch of local airlines in the evacuation of Nigerians overseas is causing rancour...
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NNPC reduces petrol depot price to N108
The Nigerian National Petroleum Corporation on Wednesday night announced a reduction in the ex-depot price of petrol from N113.28 per...
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First Bank to Hold Virtual SME Clinic
FirstBank of Nigeria Limited said it will host a virtual SME Business Clinic to provide insightful information on how SMEs...
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Foreign reserves gain $449.5m in one week
After 10 months of consistent decline, the country’s foreign reserves returned to a growth path, gaining $449.5m in one week,...
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Telcos to engage Senate on 5G as spending drops by 0.8 per cent
Telecommunications operators have expressed their readiness to work with both arms of the National Assembly on the fifth-generation (5G) technology...
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FCMB shareholders okay N2.77b dividend payment
Shareholders of FCMB Group Plc have applauded the financial institution for its resilience, dynamism and impressive performance recorded last year despite...
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Experts seek initiatives, incentives to cushion looming recession
Experts in the financial sector have said that an economic recession looms in the third quarter of 2020 due to...
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Notore reports N2.7bn income
Notore Chemical Industries Plc, has posted N13.12 billion revenue and N2.7 billion operating income for the half year ended March...
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COVID-19: Lagos battles shortage of reagents, FCT runs out of test kits
Merchants now treat chemical as if it’s gold, says state government Kano lacks adequate manpower for surveillance, contact tracing –...
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NNPC: price crash delays oil bid rounds, upstream projects
Nigeria will not hold bidding rounds for major oilfields until crude prices recover, and some upstream projects will be completed...
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Investors to Get 7% Return on Afrinvest Dollar Fund
Afrinvest Asset Management Limited yesterday said investors in its new dollar mutual fund are to get as much as seven...
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PenCom dissolves First Guarantee Pensions’ mgt committee
The National Pension Commission (Commission) has dissolved the interim management committee of the First Guarantee Pensions Limited pending the resolution...
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Budget: FG slashes oil benchmark further to $20
• Seeks deferment of debt service obligations • Expects N2tn stimulus The Federal Government on Tuesday revealed plans to...
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How businesses can stay ahead during COVID-19, by experts
As the lockdown is being relaxed in Lagos, Abuja, and Ogun, experts have charged business owners and policymakers to stay...
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IMF disburses $3.4b loan to Nigeria
BARELY 24 hours after receiving $311 million Abacha loot from the United States and the Island of Jersey, the Federal...
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SEC asks Nigerians to explore capital market investment options
As the Coronavirus pandemic continues to impact businesses and individuals in Nigeria with unquantifiable losses, Nigerians have been urged to...
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World airlines set for new sitting arrangement in post-restriction era
The coronavirus pandemic may have changed the face of social interactions, including how we travel and the sitting arrangement aboard...
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COVID-19: Oil prices rise as countries ease lockdown
Oil extended gains in Asia Tuesday on signs of improving demand as coronavirus-hit major economies begin to ease strict curbs...
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Guinness Nigeria Posts N96bn Revenue, N2bn Profit in Nine Months
Guinness Nigeria Plc has reported a revenue of N96.081 billion for the nine months ended March 31, 2020. This represented...
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Stock market reopens upbeat as index rises by 0.30%
Following price gains recorded by most bluechip stocks, the equities market commenced trading for the month of May, in an...
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Prepare for fresh total lockdown if COVID-19 cases rise, says PTF
Bank customers, transport workers, commuters shun social distancing 17 Katsina, Ondo health workers among new infection cases Face mask hawkers...
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Bank customers decry poor services of ATMs, USSD codes, others
• Defy social distancing, face-masks wearing • LASTMA impounds erring drivers’ vehicles Despite assurances of uninterrupted and hitch-free services...
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