Nigeria
NG Clearing gets SEC’s nod for CCP clearing house
The Securities and Exchange Commission (SEC) has granted NG Clearing Limited approval-in-principle to launch clearing and settlement of Exchange traded...
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40 per cent of bank deposits in dollars
HIGH networth Nigerians now prefer to save their cash in dollars, a report has shown. The Coronation Research in a...
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‘Digital assets classification will protect investors’
Securities and Exchange Commission (SEC) has said recent guidelines on Digital Assets, Classification and Treatment is aimed at boosting investors’...
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Experts want SEC, CBN clear directive on cryptocurrency in Nigeria
Financial experts have stressed the need for the Securities and Exchange Commission (SEC), and Central Bank of Nigeria (CBN) to...
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Sustained bargain-hunting push index further by 0.39%
Sustained appetite in the shares of most highly capitalised stocks lifted transactions on the equity sector of the Nigerian Stock...
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Why we shelved strike – Labour
Organised Labour represented by the Nigeria Labour Congress and Trade Union Congress has given reasons for shelving its planned nationwide...
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NLNG Targets 350,000 Metric Tons LPG by December
The Nigeria Liquefied Natural Gas (NLNG) Limited has said it is set to achieve the production of 350,000 metric tons...
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We’ve not been informed of tariff hike suspension – Discos
Power distribution companies said on Monday that they had not received any directive from the Nigerian Electricity Regulatory Commission on...
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Nigeria far from financial inclusion target – CBN Report
A report by the Central Bank of Nigeria and the Enhancing Financial Innovation & Access has said that Nigeria is...
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Shareholders approve PZ’s sale of land to WAMCO
Shareholders of PZ Cussons Nigeria Plc have unanimously approved the resolutions authorizing their directors to, on behalf of the company,...
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PFAs invest N7.43tr in Fed Govt securites in Q2
OF the pension fund assets worth N11.09 trillion recorded by Pension Fund Administration (PFAs) in the Second Quarter of the...
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Strike Averted as FG, Labour Reach Compromise on Palliative
The nationwide strike by organised labour scheduled to commence today will not happen as the unions and the federal government...
Read moreCBN moves to forestall food shortages amid COVID-19
The Central Bank of Nigeria (CBN), has embarked on a large scale food production in some states, to ensure food...
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Unity Bank targets N4.96bn gross earnings in Q4
Unity Bank Plc has said it is targeting to realise N4.98bn gross earnings for the fourth quarter of 2020. The...
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90% of port transactions will be done online by March 2021, says Bello
The Executive Secretary, Nigerian Shippers’ Council (NSC), Hassan Bello, in this interview with SULAIMON SALAU and ADAKU ONYENUCHEYA, highlights the...
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Stock market extends weekly gains by N390bn
The Nigerian equity market extended its weekly gains by N390bn last week. The Nigerian Stock Exchange All-Share Index and market...
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Non-performing loans rise by N50bn on increased lending
Banks’ non-performing loans rose by N50bn to N1.17tn as of the end of August from N1.12tn as of the end...
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Price Hike: Will Labour Still Go ahead with the Strike?
The die is cast as the leadership of the organised labour mobilises their members and civil society allies for a...
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Fresh World Bank, AfDB, IDB loans may raise Nigeria’s debt to N31.7tn
Fresh loan disbursements expected from the World Bank, African Development Bank and Islamic Development Bank may raise Nigeria’s total public...
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FMDQ Turnover Sheds N4.5tn in August
Investments at the Fixed Income and Currency (FIC) markets suffered a setback in the month of August as investors reduced...
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It’s Not in NNPC’s Interest to Remain Sole Importer of Petrol, Says Mele Kyari
The Nigerian National Petroleum Corporation (NNPC), has said that it was not in the national oil company’s interest to remain...
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2023: Jega, 33 others lead PRP advisory committee
Ahead of the 2023 general elections, the People’s Redemption Party (PRP) has constituted a 34-member policy advisory council to lead...
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UK to Nigeria: We Determine Who Gets Our Visa
The United Kingdom has responded to the Nigerian government’s condemnation of its threat to impose a visa ban on perpetrators...
Read moreLabour Adamant, Intensifies Mobilisation for Strike Monday
•FG obtains fresh restraining order as Ngige warns against lawlessness •Strike will worsen economy, governors tell labour •HoS directs civil...
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COVID-19: Second wave looms amid lax safety protocols
With 125 additional new cases as at last Thursday, the number of confirmed cases of Coronavirus (COVID-19) disease in Nigeria...
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