The Nigerian equities market recorded its first loss in 2025 as investors shed N152 billion at the close of trading on Tuesday. This followed the dip in the share prices of stocks like VERITASKAP, FTN COCOA, and RT BRISCOE...

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Guaranty Trust Holding Company (GTCO) Plc has announced that it raised N209.41 billion through a public offer in the first phase of its recapitalization exercise. This is even as the financial institution disclosed that the second phase of its...

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The Director General of Nigeria Employers’ Consultative Association (NECA), Adewale Oyerinde, has declared that all the 36 states of the federation have no justification for not paying the new N70, 000 minimum wage. Oyerinde stated this when he appeared...

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The National Association of Telecommunications Subscribers (NATCOMS) has issued a strong plea to telecom operators in Nigeria, urging them to explore capital market funding instead of imposing a proposed tariff hike of up to 100%. Speaking on Monday via...

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Guaranty Trust Holding Company (GTCO) Plc has announced it raised N209.41 billion through a public offer in the first phase of its recapitalization exercise. This is even as the financial institution disclosed that the second phase of its recapitalisation...

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The Nigerian equities market kickstarted the week with N38 billion profit for investors on the trading floor of the Nigerian Exchange Group (NGX) on Monday, January 6, 2025. This follows a surge in the share prices of stocks like...

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Investors in the Nigerian equities market enjoyed a bullish trading session in the last few days of 2024 and the early days of 2025 raking in a profit of N1.253 trillion on the trading floor of the Nigerian Xchange...

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The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, said on Friday that 1,000 former staff of the apex bank left voluntarily with payment of full benefits. He stated this during an investigative hearing put together...

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The Nigerian equities market sustained the bullish run in the New Year as investors gained N274 billion at the close of trading on Friday. This followed a surge in the share prices of stocks like NCR, LEARN AFRICA, and...

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Telecommunication operators in Nigeria have demanded a 100% tariff increase to ensure the industry’s sustainability. This development was announced by the Chief Executive Officer of MTN Nigeria, Mr. Karl Toriola while speaking during an interview on Arise TV on...

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The headline figure derived from the Stanbic IBTC Purchasing Managers’ Index survey shows there were tentative signs of improvement in the Nigerian private sector during the final month of 2024. Overall business conditions improved as new orders increased for...

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The Bauchi State Chamber of Commerce, Industry, Mines and Agriculture (BACCIMA) has insisted that the proposed tax reforms by the President Bola Ahmed Tinubu led Federal Government is anti-north. The Chamber therefore declared that it is not in support...

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The Nigerian equities market opened trading in the New Year with a gain of N154 billion for investors on Thursday. This followed a surge in the share prices of stocks like MANSARD, NCR, and CORNERST amongst others on the...

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The Nigerian National Petroleum Company (NNPC) Ltd has extended an invitation to former President Olusegun Obasanjo to embark on a tour of the rehabilitated Port Harcourt Refinery, urging him to witness firsthand the progress made under its new management....

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Former President Olusegun Obasanjo has revealed how the Nigerian National Petroleum Company Limited (NNPC Ltd) misled his successor, Late Umaru Musa Yar’Adua into rejecting a $750 million offer from Aliko Dangote, chairman of Dangote Group, to manage the Port...

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The Managing Director of Financial Derivatives Company Limited, Bismarck Rewane, has faulted President Bola Tinubu’s 15% inflation target for 2025 as “aspirational” and “bullish”. The expert however projected that inflation could reduce from approximately 35% to somewhere like 27%...

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The Nigerian Customs Service (NCS), Area 2 Command, Onne, in Rivers State, generated N634 billion in revenue in the outgoing year. The figure exceeded its initial target of N618 billion by 10.3 percent. Additionally, the command seized illicit goods,...

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The Nigerian Customs Service (NCS), Area 2 Command, Onne, in Rivers State, generated N634 billion in revenue in the outgoing year. The figure exceeded its initial target of N618 billion by 10.3 percent. Additionally, the command seized illicit goods,...

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The Nigerian Electricity Regulatory Commission (NERC) has issued a revised Key Performance Indicators (KPIs) to electricity distribution companies (DisCos) operating in the country in a bid to enhance operational efficiency and accountability. This is an addendum to its Order...

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The Nigerian equities market closed the year in red as investors lost N136 billion at the close of trading on Tuesday. This follows a dip in the share prices of stocks like ETERNA, UNION DICON, and CHAMPION BREWERIES amongst...

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The Minister of State for Petroleum Resources (Oil), has disclosed that the federal government is planning to achieve a target of three million barrels per day (bpd) in crude oil production by 2025. This would be made possible with...

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The Nigerian equities market began the week with a massive N977 billion profit for investors on Monday, December 30, 2024 on the trading floor of the Nigerian Exchange Group (NGX). This follows a surge in the share prices of...

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Telecommunication companies under the aegis of The Association of Licensed Telecommunications Operators of Nigeria (ALTON) have warned that its members may begin to shed services amid the clamour for an upward review of tariffs in the sector. The association...

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President Bola Tinubu has expressed joy at the resumption of operations at the Warri Refining and Petrochemical Company (WRPC) in Delta State. The Nigerian National Petroleum Company Limited (NNPC Ltd) on Monday confirmed the resumption of operations at the...

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Despite the holiday-shortened trading week due to the Christmas festivities, the Nigerian equities market still maintained its bullish run raking in a profit of N609.27 billion for investors on the trading floor of the Nigerian Xchange (NGX). This follows...

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The Nigerian Communications Commission (NCC) has approved the disconnection of Exchange Telecommunications Limited from the MTN Nigeria network over the non-payment of interconnect charges. The NCC Director of Public Affairs, Reuben Muoka, disclosed this in a public notice on...

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The Nigeria Civil Aviation Authority (NCAA) said on Friday airlines operating in the country cancelled 190 local flights in two months. The Acting Director-General of NCAA, Chris Najomo, disclosed this at an interactive session with airlines Chief Executive Officers...

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Chairman, Access Holding Company Plc, Mr Aigboje Aig-Imuokhuede, has commended the digital innovation efforts of the Nigerian Exchange Group following the successful N351bn Rights Issue completed to comply with the regulatory directive of the Central Bank of Nigeria. According...

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Investors in the Nigerian equities market lost N31 billion at the close of trading on Friday. Trading resumed at the capital market after the Christmas holiday on Friday. The loss followed the dip in the share prices of stocks...

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Nigeria Employers’ Consultative Association (NECA) has raised an alarm that the Lagos State is sending a wrong message to investors over the recent sealing of three factories in the state for extracting large quantities of groundwater without proper authorisation....

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