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Nigerian Stock Market Down By N25bn On Profit-taking

On Thursday, the Nigerian stock market returned to a negative trajectory as investors continued to profit in order to boost capital gains going down by N25bn. As bargain hunters continued to take profits from gains recorded last week, the Nigerian...

Oil Prices Rises To $56 On US Stimulus Prospects

Oil prices increased on Wednesday for a second consecutive day, as the market expects the new administration of the United States to 'act high' in the next COVID-19 relief package. e for a second consecutive day on Wednesday, as the...

Telcos Submit 43 Million NINs To NIMC For Verification

About 43 million national identity numbers have been sent to the National Identity Management Commission for authentication by telecommunication firms in order to have them registered with their respective Subscriber Recognition Modules. Also, as today (January 19, 2021) was the...

Nigerian Stock Market Extends Gain With 0.11 Index Rise

The Nigerian stock market extended a bullish run to three consecutive sessions yesterday after sustained bargain-hunting on the shares of most blue-chip stocks, as there was a rise in the All-Share Index (ASI) by 0.11 percent. At the end of...

SanwoOlu To Woo 100 British Investors

In order to attract foreign investment to Nigeria and Lagos in particular, Lagos State Governor Babajide Sanwo-Olu has been invited to make a presentation to over 100 British investors, including policy makers. On Sunday, a statement said the governor will...

Access Bank Gets Sustainability Certification

Access Bank PLC was invited as the sustainability pioneer in Africa to participate in the Sustainability Certification under the Sustainability Standards and Certification Programme (SSCI). The credential audit process saw Access Bank emerge under the SSCI program with the highest...

Nigeria’s Inflation Soars To 15.75%, Highest Since 2017

The inflation rate in Nigeria is now at 15.75 per cent, the highest since 2017. This is according to data released by the Statistics Bureau. Inflation in December stood at 15.75 percent, compared to 14.89 percentin November, marking the 16th month...

Lagos State Targets N991.03 Billion Revenue In 2021

Despite acknowledging that Rekindled Hope's optimistic and audacious budget was unveiled in the middle of the global economic downturn triggered by the COVID-19 pandemic, the Lagos State Government maintains that its overall revenue goal of N991.03 billion is extremely...

Federal Government Threatens Companies Violating Expatriate Quota Policy

The Federal Government has vowed to blacklist firms that do not cooperate with the country's expatriate policies. A special permission given to international or local businesses to employ foreigners to work in Nigeria is the Nigerian Expatriate Company Permit and...

CBN Sets Two Billion Naira Capital For Mobile Money Operators

The central bank of Nigeria (CBN)has fixed N2 billion as the minimum capital base for Mobile Money Operators (MMOs) in the country. This was disclosed in a circular signed by the bankers’ bank director, Payments System Management Department, Musa Jimoh. The Mobile...
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Latest News

Gunmen Kill LGA Chairman In Taraba

Gunmen killed Salihu Dovo, the chairman of the Ardo-Kola Local Government Region of Taraba District. His murder preceded his abduction...