The stock market started the week with a loss of N163bn in market capitalisation at the close of trading on the floor of the Nigerian Stock Exchange on Monday. A total of 33 losers emerged, with Ecobank Transnational Incorporated Plc, Nigerian Breweries Plc, Nigerian Aviation...

The decision of the Federal Ministry of Finance to shut the Nigerian Economic Reconstruction Fund (NERFUND) may have put the organisation’s N7 billion loan disbursed to various customers in jeopardy. The amount, as learnt, represented outstanding loans which were being repaid before the organisation was...

The governments of Lagos and Kebbi States have signed a joint venture agreement for the establishment of a modern and commercially viable rice mill complex aimed at increasing Nigeria’s capacity to grow and produce rice for local consumption and enhancing the country’s food sufficiency. The...

The Senate Committee on Communications has accused some top Federal Government officials of short-changing the country by the reduction of the fine imposed on MTN Nigeria for operational misconduct by the Nigerian Communications Commission. In a letter entitled: ‘Re: Settlement between NCC and MTN over...

Deposit Money Banks have asked customers to submit bids ahead of the start of new interbank foreign exchange trading today. The Central Bank of Nigeria had on Wednesday announced plans to begin market-driven trading of the naira to alleviate chronic foreign exchange shortages. Banks asking customers...

  President Muhammadu Buhari on Sunday returned to Nigeria after spending 14 days in London, United Kingdom. In a short interaction at the airport, Buhari challenged one of the State House correspondents, who asked him about his state of health, to a wrestling contest. “You know I...