Wigwe: Access Holdings’ Stock Price Drops by 6.26% on NGX The stock price of Access Holdings Plc on the Nigerian Exchange Limited (NGX) yesterday, dropped by 6.26 per cent or N1.55 per share amid the news of the death of the company’s Group Managing Director,...

EU Companies Account for Over 130,000 Jobs in Nigeria, Study Reveals According to a recent study by Commercium Africa, more than 230 European Union (EU) companies currently operating in Nigeria account for over 130,000 jobs in the country. The study commissioned by the EU also showed...

FG to Probe DisCos Over Non-performance The Federal Government has declared on Monday that the power distribution companies will lose 50 per cent of their operating expenditures over non-performance after a careful probe. It made this known through the Nigerian Electricity Regulatory Commission (NERC) at the...

Naira Drops to N1,534 per Dollar In the official foreign exchange market, naira fell to an new all-time-low as it sells for N1,534 per Dollar on Monday. This shows a loss of 3.93 per cent fall or N58 from the N1,476.13/$ the national currency closed last...

Port Harcourt Refinery Receives 475,000 Barrels of Crude Oil Shell Petroleum Development Company of Nigeria Limited says it has completed the supply of over 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited (PHRC), through its Bonny Oil & Gas Terminal (BOGT). This,...

Frequent FX Rate Adjustment, 48.5% Customs Duty Increasing Production Cost The recent 48.5 percent hike in customs duty by the Central Bank of Nigeria (CBN), through the upward adjustment of the exchange rate for calculating import duties, is expected to push up production costs for...