A panel set up by minister of finance, Kemi Adeosun, to probe the allegations of corruption levelled against Mounir Gwarzo, suspended director-general of the Securities…
View More Dismiss Gwarzo’s, asks him to refund N104m severance package- Panel recommendsCategory: Business
Nigeria’s stocks among world’s best-performers
Nigeria’s stocks have been rated among the world’s best-performers in the past four months. Bloomberg reported on Monday that the good performance was as a…
View More Nigeria’s stocks among world’s best-performersOil prices getting higher, hit $80
Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as…
View More Oil prices getting higher, hit $80‘FIRS generated N4 trillion taxes in 2017’
The Federal Inland Revenue Service (FIRS) collected record N4 trillion taxes last year, representing 82.38 per cent of government set target of N4.89 trillion. The…
View More ‘FIRS generated N4 trillion taxes in 2017’Paternity leave for Access bank male staff
Access Bank Plc., has urged male employees of the bank to take advantage of its parental leave policy that extends paid benefits to all mothers…
View More Paternity leave for Access bank male staffVolatile stock price predicted
Mr Ambrose Omordion, a capital market analyst, on Monday predicted that the Nigerian Stock Exchange (NSE) would likely experience price volatility this week due to…
View More Volatile stock price predictedBitcoin, others in focus
In spite of its dizzying rise, Bitcoin is not the most lucrative cryptocurrency in a universe that counts 1,400 rivals. According to AFP, bitcoin is…
View More Bitcoin, others in focus9mobile sale in jeopardy over new court order
Hopes that the sale of 9mobile, Nigeria’s fourth largest operator, would be concluded soon have become shaky following a court order on Friday. The federal…
View More 9mobile sale in jeopardy over new court orderDollar bulls back in action as Gold dips
The dollar jumped to a fresh weekly high against a basket of major currencies on Tuesday amid market optimism over the US federal reserve raising interest rates…
View More Dollar bulls back in action as Gold dips254 firms struggles to buy Nigerian crude
About 254 indigenous and foreign owned entities submitted bids for the sale and purchase of the Federal Government equity crude under the 2018/2019 crude oil…
View More 254 firms struggles to buy Nigerian crudeForeign reserves peak at $40bn
The nation’s foreign reserves currently stand at $40.4 billion highest level since October 2014. This represents an increase of about $1 billion between December 2017…
View More Foreign reserves peak at $40bn34 ships with petrol, others expected
Thirty four ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin Can Island Ports in Lagos from…
View More 34 ships with petrol, others expectedFuel scarcity: Buhari government looting economy, says PDP
The Peoples Democratic Party (PDP) has accused the President Muhammadu Buhari-led Ministry of Petroleum Resources of using fuel crisis in the country to loot the…
View More Fuel scarcity: Buhari government looting economy, says PDPSelling of petrol at 145 no longer feasible, may sell above N175, says Kachikwu
The Minister of State for Petroleum, Ibe Kachikwu, said yesterday that the perennial petrol scarcity and price instability would only stop when the Federal Government…
View More Selling of petrol at 145 no longer feasible, may sell above N175, says KachikwuStock market All-share index appreciates by 1.3 per cent
Equity transactions on the Nigerian Stock Exchange (NSE) rebounded yesterday, as virtually all the blue chip companies appreciated in price, causing the All-share index to…
View More Stock market All-share index appreciates by 1.3 per centNew Abuja airport’s terminal to gulp another $400m
Minister of State for Aviation Hadi Sirika yesterday said the new Nnamdi Azikiwe International Airport terminal would cost additional $400million to be completed. Sirika who…
View More New Abuja airport’s terminal to gulp another $400mRevealed: FG, States Share N5.64 Trillion in 2017
The Federal Ministry of Finance,said it distributed about N5.64trillion revenue generated in 2017 to the three tiers of government, namely federal, state and local governments…
View More Revealed: FG, States Share N5.64 Trillion in 201710 modular refineries ready soon – Osinbajo
Vice President Yemi Osinbajo has confirmed that 10 modular refineries were at advanced stages of development in the Niger Delta. According to his Special Assistant…
View More 10 modular refineries ready soon – OsinbajoNigeria’s trade balance increases from deficit in 2016 – Presidency
Presidential Spokesman, Mr Femi Adesina says that Nigeria’s trade balance increased from deficit in 2016. Adesina, the Special Adviser on Media and Publicity, made this…
View More Nigeria’s trade balance increases from deficit in 2016 – PresidencyPower sector loses N540b to gas, water, transmission
Nigeria’s electricity sector lost more than N540 billion to series of constraints that beset its operations in 2017, which made it difficult for the operators…
View More Power sector loses N540b to gas, water, transmissionNSE listed among best five performing stock exchanges
S&P Dow Jones Indices has listed the Nigerian Stock Exchange (NSE) as one of the best five stock exchanges globally. CNNMoney reports that other stock…
View More NSE listed among best five performing stock exchangesAfDB sign $253m donor MoU with France
The Africa Development Bank (AfDB) has signed a concessional donor loan agreement with France to the tune of $ 253 million as support for the…
View More AfDB sign $253m donor MoU with FranceNEPZA licenses three new free trade zones
The Managing Director of Nigeria Export Processing Zone Authority (NEPZA), Hon. Emmanuel Jime, has disclosed that the Authority has licensed three new Free Trade Zones…
View More NEPZA licenses three new free trade zonesPower: Transmission hits 5,222 megawatts
The ministry of power says the Transmission Company of Nigeria (TCN) successfully transmitted 5,222 megawatts of power to the national grid, the highest transmission in…
View More Power: Transmission hits 5,222 megawatts