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NSE Facilitates N11tn Securities Investment in 10 Years

NSE Soars Highest For The First Time Since April 7, 2015

The Nigerian Stock Exchange (NSE) performance indicators have continued on an upward trajectory with the All Share Index (ASI) posting a growth of 2.54 percent on Tuesday to cross the 35,000 points. The ASI specifically...

Total blackout imminent as Nigeria’s electricity generation drops to 2,775mw

Nigeria’s power generation has dropped from the 4,500 Megawatts (MW) recorded in June, to 2,775.8MW on July 24, 2017.The Nigerian Electricity System Operator, an arm of the Transmission Company of Nigeria (TCN), which made...

SEC wields big stick, sanctions firms listed as tax evaders

The Securities and Exchange Commission (SEC) has urged Capital Market Operators (CMOs) and Public Limited Company (PLCs) to comply with the new rule on taxpayers on Voluntary Assets and Income Declaration Scheme (VAIDS), by...

Bill on stock market restructuring passes second reading

A bill seeking to allow the re-registration and conversion of the Nigerian Stock Exchange from a company limited by guarantee to a public limited company by shares passed the second reading at the Senate...

CBN cautions Nigeria’s Economic recovery gains can reverse

The Central Bank of Nigeria (CBN) has warned that Nigeria’s fragile growth risks falling back into recession. Addressing reporters at the end of the bi-monthly Monetary Policy Committee Meeting in Abuja yesterday, CBN Governor Godwin...

FG tolose N57.5b daily as Nigeria agrees to cut oil output

Nigeria is set to run into more budget deficit as there could be a daily loss of N57.5b following the nation’s voluntary agreement with the Organisation of Petroleum Exporting Countries (OPEC) to cut oil...

Naira Gains On The Dollar At Black Market

The Naira on Monday regained strength against the dollar at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency gained one point to exchange at N365 to the dollar at the...

CBN blames dwindling economy on slide in crude oil prices, under-investment

The Central Bank of Nigeria (CBN) has again attributed current economic crises to a mix of external factors like slide in crude oil prices, and internal factors such as under-investment in domestic productive sector. The...

World Bank To Rank Nigerian States On Ease Of Doing Business

Nigeria’s 36 states and the Federal Capital Territory (FCT) will be ranked based on an assessment of the ease of doing business within each location for the period 2014-2018. This was disclosed in a presentation...

Latest NCC Report shows Nigerians loves 9mobile, port in droves to Network

The NCC’s “Incoming and Outgoing Porting Activities of Mobile Network Operators Report” for the month of May 2017, showed that 9mobile led the other four telecom operators in the Mobile Number Portability activities for...

Nigerians criticize Senate for asking CBN to give dollars at N200 for pilgrimage

The Nigerian Senate was heavily criticised by Nigerians on Thursday for asking the federal government to direct the Central Bank of Nigeria, CBN, to supply dollars at N200 to those going on pilgrimage either...

Nigeria partially out of recession – Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said the country is partially out of recession “to an extent.” “We are out, we’re out to an extent and we hope that the figures will reflect...

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