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CBN announces increase in ACGSF share capital to N50b
The Central Bank of Nigeria (CBN), has announced that the Agricultural Credit Guarantee Scheme Fund (ACGSF) Amendment Act assented to...
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GTBank, Stanbic IBTC Announce N135bn Half-year Profit
Guaranty Trust Bank (GTBank) Plc and Stanbic IBTC Holdings Plc yesterday announced their respective audited half year results for the...
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Nigerians kick as DisCos hike electricity tariff
Nigerians are outraged over Monday’s 50 percent unceremonious hike in the price of electricity, saying it is an additional burden...
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‘Accumulation of raw material inventories fuelled by forex scarcity’
With the Central Bank of Nigeria (CBN) deploying several measures to curb abuses in the foreign exchange (forex) market and...
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BUA Group, Axens seal 200,000bpd refinery, petrochemical deal
BUA Group, one of Africa’s leading Foods, Mining, & Infrastructure conglomerates, yesterday signed an agreement with Axens of France for...
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Petrol price should be about N155/litre – Marketers
The pump price of petrol should be closer to N155 per litre, the Chairman of the Major Oil Marketers Association...
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Foreign investors hijack rights issues
• Ownership structure threatened • Five firms raise N300b from capital market • Local investors unable to take up rights...
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NAICOM, PenCom Unveil Regulation on Retirees’ Life Annuity
The National Pension Commission (PenCom) and the National Insurance Commission (NAICOM) have introduced the revised guidelines on retirees’ life annuity....
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NSE suspends six firms for failing to file accounts
Regulatory hammer on Tuesday fell on six quoted firms following suspension by the Nigerian Stock Exchange for their inability to...
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Oil marketers deny NNPC on N5.35bn petrol subsidy payment
Oil marketers on Monday expressed surprise over the resurfacing of petrol subsidy in June 2020 as disclosed by the Nigerian...
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FG to Construct Solar Dryers for Farmers to Boost Food Security
Piqued by post-harvest challenges faced by farmers, the federal government has finalised arrangement to construct eight solar dryers with four...
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Dangote Cement Shops for N50bn to Support Short term Funding
Dangote Cement Plc is issuing Series 17 and 18 Commercial Paper to raise N50 billion under its N150 billion CP...
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KAM acquires N60b steel plant in Ogun
KAM Steel Integrated Company Limited on Monday acquired N60billion steel plants and other assets in Sagamu, Ogun State, pledging to...
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CBN drops savings account interest rate to 1.25%
The Central Bank has ordered all Deposit Money Banks to review interest rates on savings accounts to a minimum of...
Read moreMarket closes August trading upbeat as index rises by 0.07%
Following gains recorded by most high capital stocks, the Nigerian Stock Exchange (NSE), ended trading for the month of August...
Read moreNSE defies GDP contraction, as earnings scorecards push index by 0.35%
Transactions at the Nigerian Stock Exchange (NSE) defied the impact of the recently-published 2020 second quarter (Q2) report of 6.1...
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NTA-StarTimes Welcomes National Assembly’s Proposed Forensic Audit
As government and other stakeholders in the NTA-Star TV Network Limited continue to bicker over the company’s transactional and financial...
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AMCON’s assets under management hit N136.73bn
The assets under management of the Asset Management Corporation of Nigeria stood at N136.73bn while it has about N112.03bn worth...
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AfDB: Nigeria, others need $150b to reset economies
The African Development Bank (AfDB) Group at the weekend projected that Nigeria and other African countries will require additional cash...
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We spent N5.3bn on petrol subsidy in June – NNPC
Latest figures from the Nigerian National Petroleum Corporation have shown that the oil firm made an under-recovery of N5.348bn in...
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Banks’ Credit to Private Sector Rises to N30.189tn
Banking sector’s credit to the private sector rose by N757 billion or 2.57 per cent to N30.189 trillion as of...
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As COVID-19 cases decline, Lagos schools reopen Sept 14
•Basic schools resume September 21, tertiary institution one week earlier •Sanwo-Olu launches care pack for home treatment of patients ...
Read moreNNPC Remittance to Federation Account Hits N1.87trn in One Year
The Nigerian National Petroleum Corporation (NNPC) remitted a total of N1.87 trillion to the Federation Account Allocation Committee (FAAC) between...
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Filling stations’ll dispense gas in vehicles from September — FG
The dispensing of autogas into automobiles through selected filling stations across the country will commence by the end of September,...
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Bumps on Lagos path to generating N60b yearly from Imota Rice Mill
Efforts to make Nigeria self-reliant in the area of rice production and reduce the amount spent on importation of the...
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