Economy
Lasaco seeks N11.1b new equity funds in private placement
The Board of Directors of Lasaco Assurance Plc has called for consideration of a proposal for special capital raising as...
Read more
Nigeria Customs Service records higher seizures of rice, petrol
Barely three weeks into the intensive joint border patrol, the Nigeria Customs Service (NCS) yesterday, declared that the joint border...
Read more
FMDQ plans mortgages to boost market activities
FMDQ Securities Exchange Plc has revealed plans to introduces mortgages to boost trading in the nation’s capital market. The Chief...
Read more
Oxfam: Three Richest Billionaires Hold 40% Africa’s Wealth
An Oxfam International report has revealed that the richest persons in Africa own 40 per cent of the wealth in...
Read more
CBN asks banks to dishonour non e-payment instructions
The Central bank of Nigeria (CBN) has mandated deposit money banks in the country to dishonour instructions from public and...
Read more
Fashola Expresses Doubts over BPP’s N26bn Public Contract Savings
The Minister of Works and Housing, Mr. Babatunde Fashola, has faulted a recent claim by the Bureau of Public Procurement...
Read more
Mobile network operators’ assets in Nigeria hit N1.95 trillion
Total assets base of mobile operators in Nigeria increased by 130 per cent between 2017, and 2018, hitting N1.95 trillion...
Read more
Trade uncertainty rising in Nigeria, says IMF
The International Monetary Fund has expressed concern over the rise in trade uncertainty in Nigeria and many other economies amid...
Read more
UK Steps Up Support for Improved Electricity in Nigeria, Others
The United Kingdom has set up another funding window to improve electricity access to Nigerians and 14 other African countries,...
Read more
Shoprite, MTN, Multichoice resume business
Business activities have resumed at various firms owned by South African nationals in Lagos. Our correspondents who went to Lekki,...
Read more
Fuel subsidy unsustainable, says FSDH
The Chief Executive officer of FSDH Mer-chant Bank Limited, Hamda Ambah has said the government must provide palliative measures for...
Read more
EFCC remands Galaxy boss for diverting $2.8m, N6.5b investors’ funds
Justice Muyiwa Idris of the Federal Capital Territory (FCT) High Court sitting in Nyanya has ordered the detention of the...
Read more
Banking sector attracted $1.89bn investment in Q2 – NBS
The banking sector of the Nigerian economy attracted a total of $1.89 billion in the second quarter of 2019. A...
Read more
Nollywood and Nigerian music: Redefining the industry through digital distribution
Over the last three years, the entertainment sector has evolved into a more important segment of the Nigerian economy, on...
Read more
Agusto & Co Upgrades Axxela Limited’s corporate credit rating
One of Nigeria’s foremost rating agency, Agusto & Co, has upgraded Axxela Limited’s corporate credit rating from Bbb (stable outlook) to Bbb+ (positive outlook). Speaking on...
Read more
Investment in Bankers Acceptances nosedives by 80%
THE biting effects of slow economic growth and tighter regulation have triggered an 80 percent decline in banks’ investment in...
Read more
Nigerians’ evacuation begins Wednesday, South Africans insist foreigners must leave
There were fresh protests in eastern Johannesburg on Sunday, with the protesters demanding that “foreigners must go back to where...
Read more
U.S. court rules in NNPC’s favour in $2.7b suit
The United States Southern District Court of New York has delivered a significant judgment in favour of the Nigerian National...
Read more
Fresh Facts Emerge on AMCON, Shebah E&P Legal Tussle
Following recent media reports on an interim ex-parte order obtained by Asset Management Corporation of Nigeria (AMCON) to appoint a...
Read more
Panic over fresh xenophobic protests as malls’ closure lingers
There were fears yesterday that the simmering cold relationship between Nigeria and South Africa leading to the closure of some...
Read moreCBN: Federally-collected Revenue Rises by 23% to N932bn
Nigeria’s federally collected revenue (gross) stood at N931.93 billion in July, representing a 22.6 per cent increase compared with the...
Read more
Flour mills shareholders approve N1.20k per share dividend
The shareholders of Flour Mills of Nigeria (FMN) have approved the company’s board proposal for the payment of N1.20k per...
Read more
Excess crude account depleted by N6.48tn in seven years
Between January 2012 and December 2018, the Federal Government withdrew a whopping sum of N6.48tn from the Excess Crude Account,...
Read more
Aircraft seating market to hit $25b
The aircraft seating market is predicted to increase from $18 billion to over $25 billion in the next seven years,...
Read more
Access Bank Grows Half-year Profit by 62% to N74bn, Declares 25k Interim Dividend
Access Bank Plc has begun reaping benefits of its merger with the defunct Diamond Bank Plc as it has recorded...
Read more
Powered by Agusto & Co.