Economy
‘Cryptocurrency remains stable amid fluctuations’
As the coronavirus threatens the global economy, experts have confirmed that the Cryptocurrency has remained stable amid the crisis. ...
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44 firms shed N457bn, market cap falls below N12tn
The nation’s stock market extended its decline on Thursday as 44 firms recorded price depreciation, causing investors to lose N457bn...
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Amidst Oil Price Crash, FG Says No Cause to Panic
The federal government wednesday allayed fears of an economic crisis in view of the effects of the crash in global...
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Generator importation to attract 10-year jail term — Senate bill
A bill for an act to criminalise the importation, selling and usage of generators in Nigeria scaled the first reading...
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Reps suspend Buhari’s $22.79bn loan consideration indefinitely
The House of Representatives has indefinitely suspended the consideration of the $22.79bn external loan request by the President, Major General...
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CBN Extends NUBAN to OFIs, Sets March 2021 Deadline for Compliance
The Central Bank of Nigeria (CBN) has extended the Nigeria Uniform Bank Account Number (NUBAN) Other Financial Institutions (OFIs) under...
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MTN Nigeria Invests N4.55trn in Fixed Assets
For a period spanning 19 years since the first commercial rollout of its telecoms services in Nigeria in 2001, MTN...
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Reps consider Buhari’s $22.79bn loan today
The House of Representatives has scheduled consideration of the $22.79bn external borrowing request by the President, Major General Muhammadu Buhari...
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Oil Price Slump: Rating Agencies Warn of Possible Downgrades
The world’s top rating agencies yesterday said the sharp drop in oil prices, if sustained, could cause a wave of...
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Meristem Wealth Management Launches N1bn Exchange Traded Funds
Meristem Wealth Management Limited has launched a N1 billion offer for subscription of two Exchange Traded Fund(ETFs), Meristem Growth ETF...
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Stock market investors lose N656bn in one day
Investors suffered a loss of N656bn on Tuesday as the Nigerian equity market saw its biggest daily decline in more...
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Currency in circulation dropped to N2.18tn in February
Currency in circulation dropped by N61bn from N2.24tn as of the end of January 2020 to N2.18tn at the end...
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We’ve provided single digit interest loans to 1.5m farmers – CBN
The Central Bank of Nigeria (CBN) has said through its various interventions in the agricultural sector, at least 1.5m small...
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Stanbic IBTC posts N75 billion profit
Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has declared a profit after tax of N75 billion in...
Read moreCoronavirus: FG to cut budget, seeks new oil benchmark
Amid tumbling prices of crude oil, the Federal Government is set to cut the country’s 2020 budget. The President, Major...
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FG’s pension liabilities rose to N494.12bn in 2019
The National Pension Commission (PenCom), has disclosed that Federal Government’s total arrears of pension liabilities stands at N494.12 billion as...
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FG’s pension liabilities rose to N494.12bn in 2019
Investors in the nation’s stock market lost N329bn at the end of trading on Monday following the commencement of an...
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Oil price crashes to $33, loses $11 in hours
The international oil benchmark, Brent crude, which stood at $45.72 per barrel on Sunday, has slumped to $33 per barrel....
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Furore over alleged exclusion of South East, Edo from $22.7b loan
Except they are reconsidered, the entire South East geopolitical zone as well as Edo State may not benefit from the...
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Power sector loses N117.8bn to gas shortage, others
Between January 1 and March 6, Nigeria’s power sector lost N117.8bn, investigation has shown. Findings showed that the sector kept...
Read moreCoronavirus: Analysts express concern on implications for budget, GDP projections
President Muhammadu Buhari had last October laid a proposed budget (Appropriation Bill) of N10.33trn before a joint session of the...
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Nigerians shun PoS transactions over charges
THE volume of electronic payment transactions through Point of Sale (PoS) terminals dropped by 4.83 billion in one month. It...
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Access Bank Records N115bn Profit, Recommends 40k Final Dividend
Access Bank Plc is still savouring the benefits of its decision to merge with former Diamond Bank Plc as the...
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Marketers want dollar at N306 to import petrol
Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria have said access to the dollar at...
Read moreEquities record first weekly gain in three weeks
Bargain-hunting across banking sector propelled the stock market to its first weekly gain in three weeks, as investors jostle for...
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