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Investors Gain N199bn as Market Sustains Positive Momentum
The Nigerian Stock Exchange (NSE) All-Share Index (ASI) rose further by 1.10 per cent to close at 34,225.22 as the...
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The Review of the BOFIA 2020 by Agusto & Co.
The “Banks and Other Financial Institutions Act” 2020 (“BOFIA 2020” or “ the New Act”) was signed into law by...
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Headline inflation hits 14.89 per cent
Nigeria’s headline inflation has risen for the 15th month to hit14.89 in November, the Consumers Price Index (CPI) released by...
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‘Vehicle prices to increase next year’
The prices of vehicles imported into Nigeria will increase significantly from next year once the Fuel Grade and Vehicle Emission...
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China approves loan for $2.6bn AKK gas pipeline
China has approved and will disburse its 85 per cent loan required to fund the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project,...
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World Bank approves $1.5b loan to aid Nigeria’s forex liquidity position
The World Bank, yesterday, enhanced Nigeria’s foreign exchange liquidity position with the approval of the Covid-19 Budget Support credit promised...
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OPEC, IEA lower oil demand forecast for 2021
The Organisation of the Petroleum Exporting Countries (OPEC) has lowered its oil demand forecast for 2021 again, according to the...
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FG orders telcos to block SIMs without NINs December 30
After December 30, all Subscriber Identification Modules that are not registered with valid National Identification Numbers on the network of...
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No break until we pass 2021 budget, say Reps
The House of Representatives has said the National Assembly will have to wait to pass the 2021 Appropriation Bill before...
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FG: Consumers’ Protection, Market Factors Will Decide Petrol Price
The federal government has said that the policy choice it adopted in the deregulation of Nigeria’s downstream petroleum sector was...
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Marketers refuse to obey N5 reduction in petrol price
Oil marketers, on Monday, failed to adjust the pump prices of Premium Motor Spirit (petrol) at their filling stations to...
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External reserves dip by $269.47m in five weeks
The country’s foreign reserves fell by $269.47m in five weeks, the latest figures obtained from the Central Bank of Nigeria...
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Fed Govt, ASUU cancel meeting on strike
A truce meeting between the Federal Government and the leadership of the Academic Staff Union of Universities (ASUU) was cancelled...
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All-Share Index Rises 1.7% as Market Rebounds
The bulls came back strong yesterday to open the stock market on a positive note after depreciating last week. Last...
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BREAKING: Google, YouTube, Gmail crash
The Google-owned family of apps have crashed for thousands of users worldwide. This includes Gmail, Google Drive, Google Sheets and...
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CBN: Falling back on interventions to pull economy from recession
For one unprepared for battle, the booming sound of artillery fire would be enough for one to beat a retreat...
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Lagos begins construction of 9km drainage
It was a moment of joy for residents of Agbado Okeodo, Mosan Okunola in Ayobo Ipaja Local Council Development Area...
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Airlines face new threat as COVID-19 second wave spreads
Aviation experts have expressed worry that Nigeria could soon be hit by the second wave of the COVID-19 pandemic following...
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InfraCo Africa Invests $27m in InfraCredit to Finance Infrastructure
InfraCredit, a specialised local currency infrastructure credit guarantee institution, has announced the completion of a $27 million equity investment by...
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Forex interventions give false hope on naira, says IMF
REGULAR foreign exchange (forex) interventions in Nigeria and other emerging economies create false sense of security and hope on the...
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Banks’ non-performing loans now N1.17tn – NBS
Non-performing loans in the Nigerian banking sector fell by N42.4bn in three months, latest figures from the National Bureau of...
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Underwriter gets shareholders’ approval to raise authorised share capital to N20bn
AIICO Insurance Plc has gotten the approval of its shareholders to increase its authorised share capital from N18 billion to...
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High food prices’ll persist for months, say farmers
The high cost of food items across the country will linger for months due to the effects of insecurity and...
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Whereabouts of ‘600’ pupils unknown as nation slides into ‘uncertainty’
• Masari Orders Shutdown Of Boarding Schools • Actual Number Of Abducted, Missing Students Uncertain — Police • Buhari Condemns...
Read moreSanwo-Olu tests positive for COVID-19
It has been confirmed that Lagos State Governor Babajide Sanwo-Olu has tested positive for Covid-19. The confirmation, according to a...
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