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Q1 petrol imports rise to 5.32 billion litres
The volume of petrol imported into the country in the first three months of the year rose by 9.24 per...
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Petrol price: NLC demands reversal, NECA backs govt
The Nigeria Labour Congress has kicked against the new fuel price of N143.8 announced by the Petroleum Products Price Regulatory...
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AMCON takes over Pan Ocean assets over N240 billion debt
The Federal High Court, presided over by Justice A.M. Liman, in the suit between the Asset Management Corporation of Nigeria...
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Foreign reserves fell by $373.23m in June – CBN
The country’s foreign reserves fell by $373.23m from $36.57bn on June 1 to $36.2bn on June 29, latest figures from...
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‘Domestic debt servicing gulps N609.13b in Q1’
The Federal Government has spent N609.135 billion to service domestic debt in the first quarter of 2020. The Debt Management...
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Pandemic Accelerating Digital Transformation, Says RMB Boss
The Chief Executive Officer of RMB Nigeria and the bank’s Regional Head for West Africa, Mr. Michael Larbie, has said...
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Domestic flights resume in Lagos, Abuja July 8
The Minister of Aviation, Hadi Sirika, has announced that Abuja and Lagos airports will reopen for domestic operations on July...
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Agusto & Co. affirms the “Aa-” rating assigned to Rand Merchant Bank Nigeria Limited
The rating expires on 30 June 2021. The rating assigned to Rand Merchant Bank Nigeria Limited (“RMBN” or “the Bank”) reflects its...
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Petrol price hits N143.8, stakeholders push for total deregulation
The pump price band for Premium Motor Spirit has been increased from N121.5 – N123.5/litre to N140.8 – N143.8/litre for...
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OPEC output sinks despite partial compliance by Nigeria, Iraq
The Organisation of Petroleum Exporting Countries (OPEC) oil output hit the lowest in two decades in June as Saudi Arabia...
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‘W/Bank appoints two Vice Presidents for African region’
The World Bank’s Sub-Saharan Africa Regional portfolio will now be managed by two vice presidents covering Western and Central and...
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EU opens borders to 15 countries, excludes Nigeria, others
The Council of the European Union has opened its borders to 15 countries, excluding Nigeria. According to information gathered...
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Shell takes $22b hit over low oil prices
Shell, an oil giant, has warned that the low price of oil could reduce the value of its assets by...
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Stock market resumes July upbeat as index rises by 0.47%
Following price gains recorded by most blue-chip stocks, the equities market resumed trading for the month of July upbeat, causing...
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Agusto & Co. assigns a ‘Bb’ rating to Providus Bank Plc.
The rating expires on 30 June 2021. The rating assigned to Providus Bank Plc (“ProvidusBank” or “the Bank”) reflects its growing brand...
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FIRS generates N66bn from stamp duty in five months
The Federal Inland Revenue Service (FIRS) has said it remitted N66 billion as stamp duty revenue into the federation account...
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FG may force DSTV to charge per view
The Federal Government has disclosed plans to force the Digital Satellite Television, owned by MultiChoice, a South Africa-based cable service...
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AXA Mansard records N21b gross premium
Despite the challenging operating environment, AXA Mansard Insurance Plc, in its unaudited financial report 2020, has announced a Gross Written...
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Aviation workers vow to resist airport concession
Fault N1.7b consultation fee award Aviation workers yesterday rejected the planned concession of the big four airports in Lagos,...
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Stocks shed N198bn as Cadbury, BUA Cement lead losers
The nation’s stock market closed on a negative on its last trading day in June as 34 firms, led by...
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Fixed income securities make N334.4b
ABOUT 8,469,257 million contributors, including workers and retirees, have earned N334.46 billion from fixed income securities, The Nation has learnt This...
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Conoil Records N1.9 Billion Profit, Recommends 200 kobo Dividend
Conoil Plc, a total energy provider, has reported a revenue of N139.8 billion for the year ended December 31, 2019,...
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Agusto & Co affirms the ‘A+’ rating assigned to Nigeria Mortgage Refinance Company Plc.
The rating expires on 30 June 2021. Agusto & Co affirms the ‘A+’ rating assigned to Nigeria Mortgage Refinance Company Plc (“NMRC”...
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Discos: 40% of Electricity Users Don’t Pay Bills
Electricity distribution companies (Discos) in Nigeria have said that over 40 per cent of the country’s citizens who use their...
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Equities regain vigour as index rises by 0.12 per cent
Following price gains recorded by most blue-chip stocks, the bulls upstaged the bears at the reopening of transactions yesterday, causing...
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