Markets
Ecobank to Raise $300m from International Debt Market
Ecobank Transnational Incorporated (ETI) has disclosed plan to raise $300 million senior notes from the international debt capital market. The...
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Petrol price may hit N190 as oil nears $60
The upturn in global oil prices last week has again brought to the fore marketers’ concerns over the non-implementation of...
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Cryptocurrency blockage: Fighting a lost battle
On February 1, 2021, the billionaire Tesla boss, Elon Musk, added #bitcoin to his Twitter and hoped cryptocurrencies would get...
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SEC Releases Rule on Registration for Nominee Function
The Securities and Exchange Commission (SEC) has released new rules for firms operating as nominees.The new rules require all persons...
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FG targets N189.5bn from marginal oilfield bid round
The Federal Government is expecting to generate at least $500m in revenue (N189.5bn) from the ongoing marginal field bid round,...
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Experts kick as CBN orders closure of crypto accounts
The Central Bank has ordered banks and other financial institutions to identify persons and entities operating crypto currency exchanges and...
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Stallion Motor Unveils Nigeria’s First Electric Car in Abuja
Stallions Motors has launched Nigeria’s first electric car in Abuja at an elaborate ceremony held yesterday at the Sheraton Hotel....
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BUA Cement profit leaps by 16.34%
BUA Cement Plc has witnessed an increase in its earnings for the full-year ended December 2020. This is according to...
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Investors lose N110bn as stock market extends decline
Investors in the equities market lost N110bn on Thursday as 25 firms saw their share prices drop at the end...
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Repositioning Airline Business in Nigeria
When Nigeria’s largest carrier, Air Peace set a continental record with an order for 30 brand new Embraer 195-E2 aircraft...
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Neimeth Excites Shareholders with N114 Million Dividend Payment
Neimeth International Pharmaceuticals Plc has resumed the payment of dividend following improved results posted for the year ended September 30,...
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Oil price nears $59, OPEC+ optimistic about recovery
The international oil benchmark, Brent crude, rose further on Wednesday, trading near $59 per barrel. Oil prices were boosted by...
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Reps grill DPR, summon NNPC, CBN over $20bn oil theft
The House of Representatives has continued its investigation of diverted and stolen crude oil in Nigeria valued at $20m, with...
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FG, World Bank begin process to rebase Nigeria’s GDP
The Federal Government in collaboration with the World Bank have commenced the process to rebase Nigeria’s Gross Domestic Product. Experts...
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Market sustains bearish as index dips further by 0.10%
Trading at the Nigerian Stock Exchange (NSE) sustained a sliding profile yesterday, as more blue-chip stocks depreciated in price, causing...
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CBN cancels commodity exchange privatisation, invests N50 billion
In the next 90 days, the Nigerian Commodity Exchange (NCX) will be repositioned to boost production of farmers. This will...
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Zenith Bank Retains Nigeria’s Most Valuable Banking Brand Position
Zenith Bank Plc. has again emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500...
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Forex crisis, major nightmare facing manufacturers, says MAN
The acute shortage of foreign exchange in Nigeria is a major operational nightmare facing manufacturers in the country, the Manufacturers...
Read moreEcobank 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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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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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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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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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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