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  • SERAP urges FG to resist powerful oil companies

    A civil society organisation, Socio-Economic Rights and Accountability Project (SERAP), has urged the federal government to stand up to powerful oil companies that have continued to abuse the human rights of the people of the Niger Delta...

    • Posted June 14, 2016
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  • Nigerian equities recorded highest returns on investment in May

    The Nigerian equities market fetched investors the highest returns in the month of May, 2016 globally despite the economic headwinds, THISDAY checks have revealed. The market has been bearish, recording a year-to-date decline of 4.9 per cent...

    • Posted June 14, 2016
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  • Stocks plunge further amidst bleak economic outlook

    Global Markets: Global markets traded mostly in positive territory for the first two sessions of the past week following sustained uptick in oil prices, a positive European data (GDP grew 1.7% y/y in Q1’2016) and comments from...

    • Posted June 13, 2016
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  • FG generates N586.17bn from taxes in 90 days

    The Federal Government generated a total sum of N586.17bn as tax revenue through the Federal Inland Revenue Service in the first quarter of this year, a document showing the fiscal position of government has shown. An analysis...

    • Posted June 13, 2016
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  • Local firms pay more for gas than foreign buyers

    Nigerian firms pay about 200 per cent more for gas to power their operations than importers of the product and manufacturers using gas in other countries, an investigation by SUNDAY PUNCH has shown. Specifically, local manufacturers say...

    • Posted June 13, 2016
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  • States agree to new conditions for future bailout funds

    A conditional Budget Support Facility to provide financial relief to state governments is being finalised by the federal government, the Ministry of Finance has said. A statement from the ministry of finance on Saturday, explained that the...

    • Posted June 13, 2016
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  • Naira to fall further ahead of new forex policy

    The naira is expected to drop further against the United States dollar at the parallel market in the coming days as the Central Bank of Nigeria moves to release details of its new flexible exchange rate policy....

    • Posted June 12, 2016
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  • GTBank wins African Banker Award

    Guaranty Trust Bank has been adjudged the most innovative bank in Africa at the recently held African Banker Awards. The depository, which is the only one in Nigeria that was honoured at this year’s event, also has...

    • Posted June 12, 2016
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  • Petrol sales dropped 40% since price adjustment to N145 – MOMAN

    Following the recent adjustment of the price of petrol to N145 per litre by the federal government, sales of the product have drastically reduced by about as much as 40 per cent, according to the Chairman, Major...

    • Posted June 12, 2016
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  • AfDB approves $150m credit for UBA

    The Board of Directors of the African Development Bank Group (AfDB) through its private sector window has approved a $150 million Line of Credit (LOC) to United Bank for Africa (UBA) Plc. This was disclosed yesterday by...

    • Posted June 11, 2016
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  • NNPC pays N56bn to federation account

    The Nigerian National Petroleum Corporation (NNPC) said it paid N56.22 billion into the Federation Account in April, 2016. This is contained in the corporation’s Monthly Financial Report released in Abuja yesterday. “NNPC transferred N56.22 billion to the...

    • Posted June 11, 2016
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  • Flexible forex: CBN meets Bankers’ Committee

    As details of the flexible foreign exchange policy promised by the Central Bank of Nigeria (CBN) are being awaited, the naira further slumped yesterday, exchanging at N372 to the US dollar. But the Bankers’ Committee has allayed...

    • Posted June 11, 2016
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  • Oil slump, opportunity for economic restructuring, says minister

    The Federal Government has acknowledged that Nigeria has been rendered helpless by the crude oil industry and its price volatility. The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, stated this during the national conference of...

    • Posted June 11, 2016
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  • NSE records first gain of N64bn this week

    The market capitalisation of the Nigerian Stock Exchange appreciated by N64bn at the close of trading on the Exchange’s floor on Thursday with Unity Bank Plc, Nestle Nigeria Plc and Total Nigeria Plc emerging as the top...

    • Posted June 11, 2016
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