Don't Miss


Latest News

  • Investors dump banking stock as equity loses N311bn

    Investors in the equity market of the Nigerian Stock Exchange (NSE) rushed to dump shares of the banking sector following the deadlock discussions with Etisalat Nigeria to restructure over $1.2 billion (N541 billion) loan, leading the market...

    • Posted June 23, 2017
    • 0
  • Oil price hits 7-month low at $45.5

    A renewed slump in oil prices to seven-month lows dragged down world stocks and long-term bond yields on Wednesday, as bets that global inflation and interest rates will stay lower for even longer began to build again....

    • Posted June 23, 2017
    • 0
  • SEC commends DMO, CBN, PENCOM on N100bn Sukuk offering

    The Securities and Exchange Commission (SEC) has commended the Debt Management Office (DMO) on arrangements to issue the maiden N100.0 billion Sukuk in the Nigerian Capital Market. In a statement by SEC said the offer is, “a...

    • Posted June 23, 2017
    • 0
  • NCX: BPE gives Lead Capital 60-day deadline

    The Bureau of Public Enterprises (BPE) has given Lead Capital Consortium a 60-day deadline to conclude the strategic equity investment by the National Sovereign Investment Authority (NSIA) into the Nigeria Commodity Exchange (NCX). The Director-General, Mr. Alex...

    • Posted June 23, 2017
    • 0
  • Nigeria loses N140bn weekly to Apapa gridlock – Dangote

    The President, Dangote Group, Aliko Dangote, has lauded the decision of the Federal Government to reconstruct the failed Apapa Wharf Road as its grim state serves as both an embarrassment to the country and a huge loss...

    • Posted June 22, 2017
    • 0
  • Shell studying Nigeria strategy, not quitting – MD

    Nigeria’s oldest energy company, Shell, has said it is reviewing its Nigeria strategy but that it does not involve quitting the country. The Country Chair of Shell Companies in Nigeria, Osagie Okunbor, said in a video post...

    • Posted June 22, 2017
    • 0
  • Power: FG to release fresh N701bn lifeline

    The Federal Government said yesterday that it would soon release a fresh N701bn intervention fund to the Nigeria Bulk Electricity Trading (NBET) Plc in order to enhance the power sector value chain. Acting President Yemi Osinbajo said...

    • Posted June 22, 2017
    • 0
  • IBEDC urges NERC to deregulate meter ownership

    The management of Ibadan Electricity Distribution Company (IBEDC), on Tuesday urged the Nigerian Electricity Regulatory Commission (NERC) to deregulate the ownership of electricity meters in the country. Ms Angela Olanrewaju, Head, Corporate Communications Unit of the company,...

    • Posted June 21, 2017
    • 1
  • Shell Nigeria considers investment in gas project in Niger Delta

    Shell is considering whether to invest in a gas project in Nigeria’s southern Niger Delta energy hub, the managing director of the local unit said on Tuesday. Nigeria has the world’s ninth largest proven gas reserves, at...

    • Posted June 21, 2017
    • 0
  • Banks take over Etisalat after debt talks fail

    Etisalat has been instructed to transfer its 45 per cent stake in Etisalat Nigeria to a loan trustee after debt restructuring talks with lenders failed, the company said on Tuesday. The Abu Dhabi telecoms company said in...

    • Posted June 21, 2017
    • 0
  • CBN to sell $100 million at forex market auction

    Nigeria’s central bank plans to sell $100 million at a special foreign currency auction on Monday, the bank said as part of its efforts to improve dollar liquidity and reduce pressure on the local naira currency. In...

    • Posted June 20, 2017
    • 0
  • How cost of diesel fell by N25/litre – NNPC

    Improvement in supply and remodelling of the product distribution has led to the crash of the price of Automotive Gas Oil (AGO), also known as diesel by about 42 per cent nationwide, the Nigerian National Petroleum Corporation...

    • Posted June 20, 2017
    • 0
  • FG peace moves crashes pipeline vandalism by 12% – NNPC

    The Nigerian National Petroleum Corporation (NNPC) says it has recorded 12.77 per cent reduction in downstream pipeline vandalism following the extensive engagement with oil and gas community stakeholders embarked upon by the federal government and the corporation....

    • Posted June 20, 2017
    • 0
  • World Bank to assist Nigeria strengthen fiscal sustainability plan

    The World Bank Group is set to assist state governments in Nigeria to improve their fiscal sustainability by strengthening and consolidating the Fiscal Sustainability Plan. The development was confirmed in a statement issued on Friday by the...

    • Posted June 18, 2017
    • 0