25 C
Abuja
Saturday, August 8, 2020

Seplat Suffers N49.8bn Loss Amid Oil Price Crash

Seplat Suffers N49.8bn Loss Amid Oil Price Crash     One of the nation’s indigenous independent oil companies, Seplat Petroleum Development Company Plc, posted a loss of...

Loans: China Can Seize Assets If Nigeria Defaults, Says Amaechi

Loans: China Can Seize Assets If Nigeria Defaults, Says Amaechi     The Minister of Transportation, Mr. Rotimi Amaechi, has said if Nigeria defaults on loans repayment,...

CBN’s Ban On Forex For Import Boosts Interest In Fish, Maize Farming

CBN’s Ban On Forex For Import Boosts Interest In Fish, Maize Farming     In furtherance of government’s efforts to drive Nigeria towards food sufficiency, Agribusiness firm,...

Dangote Cement rakes in N162.9bn profits in 6 months

Dangote Cement rakes in N162.9bn profits in 6 months ……as Winners emerge in consumer promo   Africa’s largest cement producer, Dangote Cement plc has announced a Profit...

Power Crisis Deepens As NBET Fails To Pay Gencos N181.39bn

Power Crisis Deepens As NBET Fails To Pay Gencos N181.39bn     The liquidity crisis in the nation’s power sector has taken a turn for the worse...

Naira Dips To N472/$ As Forex Scarcity Worsens

Naira Dips To N472/$ As Forex Scarcity Worsens     The naira on Tuesday traded at N472 to a dollar at the parallel market as foreign exchange...

NNPC Strikes $1.5bn Oil-for-loan Deal With Traders

NNPC Strikes $1.5bn Oil-for-loan Deal With Traders   The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by...

Equity Market Lose N70bn, Sell-off Persists

Equity Market Lose N70bn, Sell-off Persists     The Nigerian bourse on Tuesday closed lower to reverse the previous day gain as bears regained their grip following...

African Air Traffic Dips By 98% As IATA Projects Recovery By 2024

African Air Traffic Dips By 98% As IATA Projects Recovery By 2024   The International Air Transport Association (IATA) Tuesday released an updated global passenger forecast...

Stamp Duty: Why landlords can’t increase rent, by FIRS

Stamp Duty: Why landlords can’t increase rent, by FIRS There is no basis for rent increment in relation to the stamp duty payable on tenancy...

Banks’ Foreign Assets Rose By 10.2% On Naira Adjustment

Banks’ Foreign Assets Rose By 10.2% On Naira Adjustment     The net foreign assets of banks rose by 10.2 per cent in the first quarter of...

Banks’ Non-performing Loans Hit N1.2trn – CBN

Banks’ Non-performing Loans Hit N1.2trn – CBN     Banks’ non-performing loans stood at N1.2tn as of the end of June according to figures obtained from the...

Stock Market Gains N186bn On Blue-chip Firms

Stock Market Gains N186bn On Blue-chip Firms     Equity trading on the floor of the Nigerian Stock Exchange on Monday closed on the positive note with...

CBN’s Maize Ban: Food Producers Face Struggles Amid Growth

CBN’s Maize Ban: Food Producers Face Struggles Amid Growth   The Central Bank of Nigeria (CBN) has banned maize importation, raising prospects of potential shortages in...

‘Nigeria Can Boost Forex Earnings Through Export Of Spices’

'Nigeria Can Boost Forex Earnings Through Export Of Spices'     Nigeria has been urged to capitalise on and explore its comparative edge in spices by supporting...

Stamp duty palliatives for tenants Underway- Nami

Stamp duty palliatives for tenants Underway- Nami Executive Chairman, Federal Inland Revenue Service (FIRS), Mr. Muhammad Nami, has assured tenants across the country that the...

Naira Weakens Further Despite CBN’s Intervention

Naira Weakens Further Despite CBN’s Intervention     Naira depreciated to new lows across many markets as continuing Central Bank of Nigeria (CBN)’s intervention failed to stem...

With N73bn Gain, Equity Market Halts Downturn

With N73bn Gain, Equity Market Halts Downturn     The NSE All-Share Index and Market Capitalisation both appreciated by 0.58 per cent to close the week at...

In Six Months, Dangote Cement Rakes In N162.9bn Profits

In Six Months, Dangote Cement Rakes In N162.9bn Profits   Africa’s largest cement producer, Dangote Cement Plc, has announced a Profit Before Tax (PBT) of N162.90...

NNPC Officials Stole 48m Barrels Of Oil – Firm

NNPC Officials Stole 48m Barrels Of Oil – Firm     An oil trading firm, Samano Sa De CV, has written a letter to the Group Managing...
Live Covid-19