Economy
Group demands state of emergency in power sector
A group, under the aegis of the Nigeria Consumer Protection Network, has urged President Muhammdu Buhari to declare a state...
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Nigerians consumed N1.9tn petrol in 13 months, says NNPC
The Nigerian National Petroleum Corporation on Thursday said its downstream subsidiary, the Petroleum Products Marketing Company, recorded a total of...
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MTN begins NIN enrollment in Lagos, Abuja, PH
MTN has said it has commenced enrollment for National Identification Number. MTN’s Senior Manager, External Relations, Funso Aina, told our...
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NIA boss becomes ECOWAS scheme’s council chairman
The Chairman, Nigerian Insurers Association, Mr Ganiyu Musa, has been inaugurated as the chairman of the council of bureaux, ECOWAS...
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Ecobank to support MSMEs with N50bn funding
The Managing Director, Ecobank Nigeria, Patrick Akinwuntan, has said the bank’s newly sourced N50bn credit will be deployed to support...
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Maritime stakeholders raise concern as Lagos restricts trucks to night
The Lagos State Government has put plans together to restrict the movement of trucks and trailers from the hours of...
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Danbatta wins MONEYReport’s ‘Man of the Year’
The Executive Vice Chairman and CEO of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, has emerged MONEYReport Magazine’s...
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Q3: Flour Mills of Nigeria Grows Profit by 90% to N16bn
Nigeria’s integrated food business and agro-allied group, Flour Mills of Nigeria Plc, has continued its strong performance, growing its profit...
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Investors gain N181bn as equity market sustains positive sentiment
The local bourse on Wednesday sustained positive sentiment on the third consecutive trading session as the market capitalisation gained N181bn....
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Agric productivity declining, food security threatened – FG
The level of agricultural productivity in Nigeria is declining due to the effects of the COVID-19 pandemic and this is...
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Sahara Group to increase investments in tech
The Sahara Group says it will increase its investment in technology, artificial intelligence, and human capital transformation as critical drivers...
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We’ve licensed telcos to provide NIN, says NIMC
Telecommunications companies have been licensed to register people who do not have National Identity Numbers so as to reduce the...
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Slash on imported vehicles’ duties begins next week – Customs
The reduction in the duties on vehicles and tractors from 35 to about 10 per cent may take off next...
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IMF Revises Nigeria’s 2021 GDP Forecasts to 1.5%
The International Monetary Fund (IMF) in its World Economic Outlook (WEO) update released yesterday has projected that the Nigerian economy...
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Globacom’s performance shapes telecoms growth in Q3, 2020
Recently released data by the National Bureau of Statistics (NBS), indicates that Nigerian telecommunications giant, Globacom, drove the telecommunications industry...
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Bargain-hunting lift capitalization by N45 billion
Although price gains outweighed losses, transactions on the equity sector of the Nigerian Stock Exchange (NSE) was upbeat yesterday, occasioned...
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Ecobank Nigeria Secures N50bn 10-Year Subordinated Loan
Ecobank Transnational Incorporated (ETI), the parent of the Ecobank Group, yesterday said that one of its significant subsidiaries, Ecobank Nigeria,...
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UNCTAD: Nigeria Attracted $2.6bn FDI in 2020
With $2.6 billion Foreign Direct Investment (FDI) it attracted in 2020, Nigeria has emerged the second preferred investment destination in...
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LCCI tasks government on regulation, revenue generation overlap
With a few fiscal policy options available to the Federal Government for intervention in the real sector, the Lagos Chamber...
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Refineries shut for 15 straight months, lose N152.08bn
The nation’s refineries lost a total of N152.08bn in 15 consecutive months of being idle, the latest data from the...
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Olam, BATN, eight other exporters earn $100.88m in one month
Top 10 traders earned $100.88m from non-oil goods exported in one month according to latest figures obtained from the Central...
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NSE admits 2.64 billion shares of Transcorp Hotel
The Nigerian Stock Exchange has listed 2.64bn ordinary shares of Transcorp Hotel Plc on the Daily Official List of the...
Read moreFlour Mills lists N29.8bn bond on NSE
Flour Mills Nigeria Plc has listed its tranche A and tranche B bonds on the floor of the Nigerian Stock...
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MPC may cut lending rate amid COVID-19 challenges – Experts
Experts have said the Monetary Policy Committee of the Central Bank of Nigeria may consider cutting interest rates in the...
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FG to pay N71bn counterpart funding for six railway projects
The Federal Government is to partly fund six rail projects connecting virtually all regions of the country with a counterpart...
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