Nigeria
Nigeria to migrate fixed line network to 10-digit number
Although, fixed lines represent only 0.13 per cent of the total telephone subscription in Nigeria, there are, however, plans that...
Read more
Afreximbank, others launch $1.5b fund to support African economies
THE African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, partners with the International Islamic Trade Finance Corporation (ITFC), the...
Read more
Chevron Nigeria gets new chairman/MD
Chevron Nigeria Limited has appointed Mr Richard Kennedy to the position of chairman and managing director, effective November 1, 2020....
Read more
Bulls sustain dominance as index rises further by N4b
The bulls sustained their hold on the equities sector of the Nigerian Stock Exchange (NSE), as more blue-chip stocks appreciated...
Read more
Firms expect borrowing, inflation rates to rise – CBN
The Central Bank of Nigeria has said the firms that participated in its latest business expectations survey expect borrowing and...
Read more
Linkage Assurance Grows Assets to N32.9bn in Q3
Underwriting firm, Linkage Assurance Plc, said it grew its total assets to N32.9 billion at the end of the third...
Read more
Consumers lament outrageous billing despite NERC capping
Despite a regulation capping the limit to which distribution companies (DisCos) can charge electricity consumers who are not metered, overbilling...
Read more
Expect Massive COVID-19 Infections In 2 Weeks – FG
States received N50bn to fight coronavirus-PTF says 65% of Nigerian returnees evading tests Govt to establish vaccine production company The...
Read more
FG seeks fresh $1.2bn loan from Brazil
The Federal Government is seeking a $1.2bn external borrowing from China to finance agricultural programmes in the 2021 budget. A...
Read more
Fidelity Bank Posts N21.3bn Profit in Nine Months
Fidelity Bank Plc sustained its impressive financial performance with a strong third quarter results for the year 2020 released on...
Read more
W’Bank Projects $2bn Drop in Nigeria’s Diaspora Remittances
The World Bank has predicted that inflow of Diaspora remittance to Nigeria will drop by $2 billion in 2020 to...
Read more
Oil price rises 2% after falling to $36
The international oil benchmark, Brent crude, gained nearly two per cent on Monday, shaking off earlier losses, as the United...
Read more
Nigeria generated N424.71bn VAT – NBS
The National Bureau of Statistics on Monday said N424.71bn was generated as VAT in the third quarter of the year....
Read more
Local airlines’ debt burden hits N22b
Minister of Aviation, Hadi Sirika, yesterday, disclosed that the local airlines’ total debt burden to regulatory agencies stood at N22...
Read more
Below 40% of 5,120km pipeline operational in Nigeria, says NNPC
Nigerian National Petroleum Corporation (NNPC), has revealed that only 38 per cent of the over 5,120 kilometre owned by the...
Read more
Dangote Sugar Refinery Grows Nine-month’s Profit by 81% to N27bn
Dangote Sugar Refinery (DSR) Plc has grown its profit after tax for the nine months ended September 30, 2020, by...
Read more
Stock market gains N2.7tn in two months
Equity trading on the Nigerian Stock Exchange recorded a gain of N2.75tn in the last two months (September and October...
Read moreFinally, Payment of Revised Electricity Tariffs Resumes
The payment of the revised electricity tariffs took off yesterday with the federal government urging Nigerians to prepare for further...
Read more
Custodian Investment grows PBT to N7.3bn
Custodian Investment Plc, a non-bank financial institution quoted on the Nigerian Stock Exchange, has announced its result for the nine-month...
Read more
WTO Job: Can Okonjo-Iweala trump the US obstacle?
Like a flicker in the middle of the night, the overwhelming recommendations of Dr. Ngozi Okonjo-Iweala for the Director-General of...
Read more
Ikeja Electric begins rollout of 106,000 meters
Ikeja Electric has commenced the rollout of over 106,000 prepaid meters to customers across different locations in its network. A...
Read more
Nigerian Breweries to pay N1.9b divined on Q3 earnings
THE board of directors of Nigerian Breweries (NB) Plc has earmarked about N1.9 billion for distribution to shareholders as interim...
Read more
Jaiz Bank Explains Proposed N3.3bn Capital Raising, Denies Allegation of Board Crisis
The Managing Director/Chief Executive, Jaiz Bank Plc, Mr. Hassan Usman yesterday disclosed ongoing plans to raise an additional equity of...
Read more
Foreign portfolio investments drop by N178.7b in Q3
FOREIGN portfolio transactions in the Nigerian markets declined by N178.66billion to N510.25 billion by third quarter 2020 as foreign investors...
Read more
Anticipated gains push NSE index further by 6.39 per cent
Anticipation of improved corporate performance triggered bargain-hunting on the equities sector of the Nigerian Stock Exchange (NSE) last week, as...
Read more
Powered by Agusto & Co.