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Editors Pick

Analysts See Better Stock Market Performance This Week

After the decline seen in the Nigerian stock market last week, analysts have predicted a better market performance this week. They said the low-price levels of most stocks were likely to drive demand by investors, while boosting market performance. The Nigerian Stock Exchange All Share Index...

Oando Returns to Profitability, Reports N4.1bn Profit in Q1

Prospects of Oando Plc’s shareholders receiving dividend soon have brightened as the indigenous energy group has bounced back into profitability for the first quarter (Q1) ended March 31, 2016. The company ended December 31, 2015 with a loss of N49.689 billion, which is a reduction...

Consumers Groan as Price of Cooking Gas Increases

The price of Liquefied Petroleum Gas (LPG), otherwise called cooking gas has increased in the last few weeks in Lagos, Abuja and many other states due to supply hitches. It was observed that the cost of 12.5kg LPG was N4, 200 in Shomolu and adjourning...

Niger Delta Avengers Resumes Hostilities, Bombs Oil Facilities

The relative peace that attended the federal government’s offer of dialogue-for-peace initiative to the militant group in the Niger Delta, the Niger Delta Avengers (NDA), snapped at the weekend as the group resumed hostilities breaching major crude oil pipelines in parts of Delta State. The...

Banks in Competitive FX Trading as Demand for School Fees, Others Shrink

Trading on the recently introduced Nigeria Interbank Foreign Exchange (NIFEX) has revealed huge volume of activities by both commercial and merchant banks with competition among the financial institutions heightening as they seek to satisfy their clients. The returns on forex utilisation and source of funds...

NCC Enforces Ban on Unsolicited Messages, Calls

Following a directive to telecommunications service providers by the Nigerian Communications Commission, the operators on Friday activated the ‘Do not disturb’ facility, which gives subscribers the freedom to choose what messages to receive from the various networks. With this directive, the NCC said that it...