Business

25 Firms Suffer Decline, Stock Investors Lose N270bn       Investors in the Nigerian stock market lost N270bn last week as 25 equities recorded price declines. The Nigerian...

FG Targets $70m Profit From Crude Supply To Indonesia     The Nigerian National Petroleum Corporation (NNPC) through its subsidiary, Duke Oil, has sealed a pact to...

Travellers To Access $4,000 As CBN Boosts Forex Supplies   Nigerians travelling abroad can access a maximum amount of $4,000 foreign exchange from the banks following...

Dangote Cement Issues N50bn Bonds For Projects Expansion       Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of N50 billion Series 1...

With 28 Firms Gain, Stock Market Rises Slightly     The Nigerian stock market rose slightly on Wednesday, paring some of the N340bn loss recorded on Tuesday. The...

Rise In Oil Price Continues, Inches Closer To $75pb     The price of crude oil crept higher yesterday, almost hitting the $75 per barrel mark as...

Naira Weakens To 4-Year Low As Dollar Sells For N502/$1   Nigeria’s currency weakened to a four-year low in the parallel market after the central bank’s...

Emirates Airline Incurs $5.5bn Loss       Emirates Airline plunged into a $5.5 billion annual loss — its first in more than three decades — after the...

Investors Lose N340bn On NGX In A Single Day       Trading at the domestic bourse opened the week on a bearish mood with the market capitalisation...

Buhari Warns Against Delay As NLNG Train 7 $10bn Investment Begins       President Muhammadu Buhari has inaugurated the construction of the Nigeria Liquefied Natural Gas train...

CBN Seeks To Slash Importation Bill By 35%       The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said efforts are ongoing...

Gambian Central Bank Wants CBN to Fix her Currrency Bug. The Central Bank of Gambia (CBG)has appealed to Nigeria’s Central Bank (CBN) in fixing the...

World Bank Outlines steps for Nigeria's Economic Revovery The World Bank has outlined faster steps for Nigeria's economic recovery apart from taking other measures to...

Despite CBN’s Defence Measures, Naira Tumbles By 51.95%       The value of the naira to the dollar fell from 196.99 in December 2015 to 410 in...

Nigerian Crudes Struggle For Buyers As India Cuts Purchases – Report       Nigerian crude variants are now seeking other buyers in Asia and Europe as India’s...

Forex Scarcity: Airlines Worried As Operational Cost Rises       There is no end in sight to the operational challenges confronting domestic airlines following the seemingly unending...

36 Firms Delisted From Stock Market In Five Years       A total of 36 companies have delisted from the Nigerian stock market between May 2016 and...

Investors Gain N230bn As Stock Market Rises Further       Investors gained N230bn last week as the Nigerian stock market saw more equities record price appreciation. The Nigerian...

Nigeria Recorded Over $2.48bn Export To South Africa In 2020         Nigeria has exported commodities not less than $2.48 billion (R6billion) within the last 24 months,...

Petrol Price Regulation Causing Mass Poverty, Stagnation – Fed Govt       The continued regulation of the pump price of Premium Motor Spirit, popularly called petrol, is...