NIGERIA: Daily Parallel Market Exchange Rate (Jan 18, 2017)

Parallel market exchange rate between the Naira and three of the world's major...


NAHCO Aviance Plc Appoints New Chairman And Non-Executive Director

The board of directors of Nigerian Aviation Handling Company Plc (NAHCO Aviance), has announced the appointment of Arc Usman...


Why Union Bank Investor, Atlas Mara,  Wants To Go Private. 

Strategic Investors in Union Bank of Nigeria,  Atlas Mara has said that it is weighing options to go private....




Implications Of The CBN Circular on Virtual Currencies (VC) Operations In Nigeria

The Central Bank of Nigeria (CBN) yesterday released a circular concerning Virtual Currency (VC) operations in Nigeria. While the...


Why Revised Short Selling and Market Making Rules Will Boost Capital Market Activities

At the 2016 Review/2017 Outlook briefing by NSE DG Oscar Onyeama, he stated that short selling was now open...



NSIA & Guarantco Establishes InfraCredit, Nigeria’s First Credit Guaranty Corporation

The Nigeria Sovereign Investment Authority (NSIA) and GuarantCo, have announced the establishment of an infrastructure credit enhancement facility in Nigeria...


South African CEOs Ditch Nigeria, Sees China, UK, US as Most Important – PWC Report 

South African CEOs have named China (36%), the UK (31%), the US (25%) and India (22%) as the most...


Here Is What Osinbajo Told The People Of Gbaramatu Kingdom 

Vice President of the Federal Republic of Nigeria, His Excellency, Prof Yemi Osinbajo, SAN, GCON, started a series of...


How George Soros Lost $1 Billion Dollars

Billionaire hedge fund manager, George Soros best known for breaking the Bank of England in 1992, was unable to...


Activist Group Explains Why They Want Govt To Raise Taxes On Local Tobacco Manufacturers

An Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) has requested for an increase in import duty to 120%....


This State Governor Has Exempted Lower Income Earners From Paying Taxes

Nairametrics| The Cross-river state governor, Ben Ayade has disclosed at the State Executive Council Chambers, Calabar after the signing...


On Record: Kemi Adeosun Says “Black Market Will Collapse Soon” 

The Minister of Finance,  Kemi Adeosun has said that the black market, where most Nigerians buy and sell forex,...



Nnewi Based Ibeto Group, Says They Sacked 2000 Staff Due To “Cheap Chinese Batteries”. 

Nigerian onwed and Nnewi based battery manufacturing company, the Ibeto Group, is claiming that dumping of cheap Chinese batteries...



PZ Wilmar Stakes $80m In Crude Palm Oil Refinery In Nigeria. 

The News Agency of Nigeria is reporting that PZ Wilmar Limited, has staked about $80 million on its crude...


Securities and Exchange Commission Pays  N30billion In Unclaimed Dividends To Investors

Nigeria’s Security and Exchange Commission on Monday, claimed that it had paid over N30billion from Unclaimed dividends to investors....


TCN Gets N40billion Allocation In 2017 Budget Proposal

Transmission Company of Nigeria (TCN), has gotten the allocation of a total of N40 billion by the Federal Government...