Nigeria
Nov FG bonds oversubscribed by N102.35bn
The FGN bond auction by the Debt Management Office which took place on Wednesday was oversubscribed by N102.35bn. The DMO...
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NSE gets recognition for CSR
The Nigerian Stock Exchange says it has received the ‘Best Corporate Social Responsibility Initiative’ and the ‘Capital Market In-House Team...
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Brazil Proposes $1bn Support for Nigeria’s Agribusiness
Brazil said it has set aside $100 million for the promotion of agribusiness finance in Nigeria and is ready to...
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AfDB seals $250m deal for region’s trade financing
African Development Bank (AfDB), in its push to facilitate inter and intra Africa trade, and reduction of trade financing gap...
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Stock market shrugs off bearish sentiment, gains N41bn
The equities market has shrugged off bearish sentiments, gaining N23bn on Tuesday and N18bn on Wednesday as 24 stocks climbed,...
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N1tr wasted on constituency projects, says Buhari
President Muhammadu Buhari yesterday said N1 trillion had been spent on constituency projects in 10 years with no direct bearing...
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NNPC spends N1bn daily, petrol subsidy hits N19.37/litre
Data obtained from the Petroleum Products Pricing Regulatory Agency on Tuesday showed that the Nigerian National Petroleum Corporation was subsidising...
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Complaints over banking fraud, ‘agressive’ charges, others hit 1,612
Despite public outcry, the spate of inexplicable charges associated with banking in the country remain on the upswing, as a...
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Electricity: Govt’s N1.5tn intervention ineffective, unsustainable says AfDB
Government’s intervention in Nigeria’s power sector has not only been ineffective but also unsustainable, the African Development Bank has said....
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Samsung Galaxy Fold launched in Nigeria
The revolutionary Samsung Galaxy Fold has been launched in Nigeria. The Galaxy Fold is infused with an integration of tablet...
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NPA earmarks N202 billion for 2020 operations
The Nigerian Ports Authority (NPA), has proposed and defended a budget of N202 billion it intends to spend for the...
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Every investor wants to put money in Nigeria — ExxonMobil boss
There is no investor who does not want to invest in Nigeria’s oil and gas sector, the Chairman and Managing...
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Taking Advantage of Bear Market
It is less than two months to the end of 2019 and the Nigerian equities market is on its way...
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AMCON Takes over Ex-minister’s Assets Over N1bn Debt
Following the order of Hon. Justice Chuka Austine Obiozor of the Federal High Court, Lagos, the Asset Management Corporation of...
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Nigerian Banks’ N43.7tn Total Assets Low, Says Soludo
A former Central Bank of Nigeria (CBN) governor, Prof. Chukwuma Soludo, has said that the total size of Nigerian banks’...
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Untamed food prices dash hopes of Central Bank’s rate cut
Any remaining hopes of an interest rate cut by the Central Bank of Nigeria (CBN) in the near term have...
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Inflation rate rises to 11.61% in October – NBS
Inflation rate rose by 11.61 percent in October 2019, being 0.36 percentage points higher than the 11.24 percent recorded in...
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FG, oil firms owe NDDC N1.27tn, $73m — N’Assembly
The National Assembly has said it is set to invite some Federal Government officials and 17 local and international oil...
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Court stops Mastercard from issuing national identity cards
Justice R.M. Aikawa of the Federal High Court in Lagos has told Mastercard and its agents to stop issuing the...
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The irony of going cashless to grow economy
Recently, the Central Bank of Nigeria announced a new policy on cash-based transactions that stipulates a cash handling charge on...
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BOI proposes 1 digit interest rate on vessel financing
The Managing Director of the Bank of Industry (BOI), Olukayode Pitan, has advised the management of the Nigerian Maritime Administration...
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Market reverses previous gains as index plummets by N188 billion
Transactions on the equities sector of the Nigerian Stock Exchange (NSE), reversed past positive trading sentiment to reopen on a...
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Consolidated Hallmark posts 46% rise in PAT
Consolidated Hallmark Insurance Plc, one of the leading underwriting firms in Nigeria, has posted a profit after-tax (PAT) of N519.6...
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CBN injects $341.75m, CNY14.7m as interventions
The Central Bank of Nigeria (CBN) has intervened in the Retail Secondary Market Intervention Sales (SMIS) with $341.75 million and...
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Sanwo-Olu in China, Seeks Collaboration for Lagos Development
Barely three months after his trip to Japan with President Muhammadu Buhari for the 7th Tokyo International Conference on African Development,...
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