At the close of the week, the domestic equities market performed negatively as investors took profits in UAC-PROP (-13.0%), CAP (-9.8%) and ARBICO (-9.7%). Consequently, the...
The Lagos Chamber of Commerce & Industry (LCCI) has said that a significant fraction of businesses, precisely 81%, have been ‘severely’ affected by the COVID-19 lockdown...
The Federal Government has impounded Flair Aviation aircraft for violating the ban on commercial flight into Nigeria following the outbreak of coronavirus. The aircraft is owned...
The African Centre for Global Entrepreneurial Leadership (ACGEL) has said it is partnering with the National Directorate of Employment NDE to create 60,000 jobs for Nigerians...
The Honourable Minister of Federal Capital Territory Administration (FCT), Mallam Muhammad Musa Bello, has commended the leadership of the Nigerian National Petroleum Corporation (NNPC) for rallying...
Nigeria’s cocoa mid-crop output is expected to be weak as measures to curb the spread of the coronavirus hindered farmers and exporters, creating a backlog of...
The Nigerian Stock Exchange (NSE) on Friday listed FBNQuest Merchant Bank N5 billion three-year 10.50 per cent bond on the bourse. The listing was commemorated with...
The African Export-Import Bank (Afreximbank) vaulted market uncertainties caused by COVID-19 pandemic to successfully conclude a dual-currency Syndicated Loan, raising the equivalent of US$907.5 million, comprised of...
Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and...
Banks and other financial institutions paid Value Added Tax (VAT) worth N5.42 billion in the first quarter of 2020, National Bureau of Statistics (NBS) has said....
Oil demand is still set for a record fall in 2020, the International Energy Agency (IEA) said but it trimmed its forecast for the drop citing...
MTN Group, South Africa’s largest mobile operator by subscribers stuck to its medium-term forecast on Thursday, despite the coronvirus pandemic, as it posted higher core earnings...
World’s largest social media company, Facebook is designing a massive underwater cable around Nigeria and other African countries, bringing high-speed connectivity to the continent’s 1.3 billion...
Although the Coronavirus pandemic has affected lives and livelihoods of Nigerians in different ways, it, however, offers an opportunity for the Nigerian people and government to...
The domestic equities market extended yesterday’s gain as the All-Share Index (ASI) rose 77bps to close at 23,892.92 points due to buying interest in DANGCEM (+1.7%), NESTLE (+4.0%) and GUARANTY (+2.6%). Consequently,...