Economy
Nestle Nigeria to Pay Higher Dividend Despite Reduced Profit
Nestle Nigeria Plc has decided to dip its hands into its retained profit to pay shareholders higher dividend for the...
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Investors lose N120bn as stocks resume decline
The Nigerian stock market, which began the month on a positive note, resumed its decline on Tuesday as 26 firms...
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Three million Nigerians lost N18bn to Ponzi schemes – SEC
Over three million Nigerians have lost about N18bn through Ponzi schemes, the Securities and Exchange Commission stated on Tuesday. Director-General,...
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Nigeria Needs to Boost Food Reserves, Says Emefiele
The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday warned against Nigeria repeating the mistakes of...
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NERC Upbeat about CBN, W’Bank Intervention in Bridging Metering Gaps
The Nigerian Electricity Regulatory Commission (NERC) has disclosed that two entities with significant financial commitments in Nigeria’s power sector –...
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Access Bank assists customers to own cars
Access Bank has launched a service called ‘Auto-club by Access’ as a one-stop shop designed to cater to automobile needs...
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FirstBank launches account to grow SMEs
First Bank of Nigeria Limited has launched an account designed to benefit Small and Medium-scale Enterprises in order to boost...
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Stock market begins March with N70bn gain
The nation’s stock market started the month on a positive note on the back of price appreciation recorded by UAC...
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NIMC warns Nigerians against fake NIN verification website
The National Identity Management Commission has issued a disclaimer against National Identification Number verification website, https://nin-5gb-offer.online. NIMC on Friday warned...
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DisCos’ sustainability questioned as FG pays N50bn monthly subsidy
The government’s financial support to the power sector hovering around N2.3 trillion in the past few years has raised concerns...
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MTN Nigeria profit rises, revenue hits N1.35tn
MTN Nigeria Communications Plc has reported a profit before tax of N298.87bn for the 2020 financial year, up from N291.28bn...
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Pension assets soared to N12.3 trillion in December 2020
The National Pension Commission (PenCom) December report has revealed a significant increase in assets under management to N12.3trillion, which represented...
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NRC plans 16 trips along the Lagos-Ibadan rail line
The Nigeria Railway Corporation has put plans together to operate 16 trips daily along the Lagos-Ibadan rail when it is...
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FBNQuest Raises Target Price of Zenith Bank on Improved Results
Analysts at FBNQuest have raised their target price for Zenith Bank Plc shares to N42.80 per share, following the improved...
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Redefining Digital Assets in Nigeria
On 5th February, 2021, the Central Bank of Nigeria (CBN) sent a memo to banks and other financial institutions to...
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Discos receive 407,622 customer complaints in six months
Electricity distribution companies in the country received a total of 407,622 complaints from their customers in the first half of...
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Debate over Cryptocurrency Rages on
For close to one month after the Central Bank of Nigeria (CBN) prohibited the use of cryptocurrency in the country’s...
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Naira depreciates to 410/$ at the official market — Emefiele
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has said the naira has depreciated at the official...
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Hyundai Nigeria Launches 2021 Grand i10 Sedan, Petrol Kona
As a way of providing options to Hyundai Kona Electric Vehicle (EV) customers, Stallion Hyundai Motors Nigeria recently launched both...
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Food prices rose in January, says NBS
There was a general rise in food prices in January, the National Bureau of Statistics has said. The NBS said...
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Osinbajo faults CBN on cryptocurrency ban calls for rethink
Vice-President Yemi Osinbajo on Friday faulted the decision of the Central Bank of Nigeria to prohibit deposit money banks, non-banking...
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Brands Must Own Customer Data to Survive
The Chief Executive Officer of Tarragon, Mr. Elo Umeh has explained the critical role ownership of customers’ first-party data plays...
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FMDQ approves Valency Agro’s N5.12bn commercial paper
FMDQ Securities Exchange Limited has announced the approval of the quotation of the Valency Agro Nigeria Limited N5.12bn Series 1...
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Glo claims biggest Internet subscriber growth in 2020
Telecommunications Company, Globacom, has recorded a major leap in its Internet subscriber base with a 39 per cent growth in...
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Electricity consumers get 611,231 meters under MAP scheme
A total of 611,231 meters have been deployed as at January 31, 2021 under the Meter Asset Provider initiative since...
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