CATEGORY: BUSINESS NEWS


Forex Gains Helps Nigerian Banks Get Out Of Recession

The third quarter GDP report released by the National Bureau of Statistics showed Nigeria’s financial sector reported a real...


Nigeria’s Trade Sector Falls Into Recession for the First Time

Data from the National Bureau of Statistics reveals that the Trade sector fell into a recession for the first...


This Sector Recorded The Worst GDP Contraction In 2016

The National Bureau of Statistics released its third quarter GDP numbers on Monday showing Nigeria’s real growth contracted by...


Recessions Continues, As Nigeria Records Real GDP Growth of -2.24% In 3rd Quarter of 2016 (See report)

The National Bureau of Statistics has reported that Nigeria’s real GDP contracted by as much as 2.24% in the...


Federal Government Negotiating Free Trade Agreements and Examining the ECOWAS CET

Federal Government Negotiating Free Trade Agreements, Updating Trade Policies and Examining the ECOWAS CET These were made known by...


NFF Says Nigerian Clubs Raked In N5 billion From Transfer Fees In 10 Months

Nigerian Football clubs made a whopping N5 billion in the first 10 months of 2016 from proceeds of transfers...


U- Turn – FMDQ Bows To Pressure, Lifts Suspension on FX Closing Rate 48 Hours After

The FMDQ-OTC, where money market instruments including forex are traded over the counter has reversed itself on its suspension...



Federal Palace Declares N5.5 billion Loss After Tax

Tourist Company of Nigeria, the owners of Federal Palace Hotels has declared a N5.5 billion loss after tax for...


Standard Chartered Makes Official Statement After N2 billion Fine

Standard Chartered Bank was fined a whopping N2 billion by the CBN on Wednesday after the Apex Bank accused...


Scarcity Of Dollars Hits Parallel Market As CBN Unleashes SSS On BDCs

In another twist in the drama called Nigerian flexible exchange rate market, parallel market operators offered to buy dollars...


CBN Gives Companies Deadline Of November 28, 2016 To Submit Originals Of CCIs

Commercial Banks have started issuing out instruction to companies with Capital Importation Certificates (CCI) to submit it for migration...


CBN Warns Illegal Money Transfer Operators In This New Circular

The Central Bank has issued a new circular warning Illegal Money Transfer Operators to stop facilitating illegal transfer of...


Tuesday Madness: Exchange Rate Experiences Volatility At The Interbank

The Nigerian Interbank Market did the unthinkable today! The exchange rate opened at N305, depreciated to as low as...


FX Policy Under Threat As Banks Shun Interbank Market

Sources Reveal Some Banks Are Now Openly Buying & Selling FX Above Interbank Rates This was after banks learnt...


Hot Money Is Back: Foreign Investments Into Nigeria Up 75% QoQ

  The National Bureau of Statistics has released its 2016 third quarter capital importation report revealing that the┬átotal value...


@ToluOgunlesi : Govt. Is Strengthening Its Role As ‘Publisher’ To Better Communicate

Government is going back to its role as Publisher The Nigerian Government Is Building A World Class Website That...


You No Longer Need Lawyers & Accountants To Register A Company, Its DIY- CAC

The Registrar of the Corporate Affairs Commission Bello Mahmud has announced that you no longer need accountant or lawyers...


Senate Is Accusing Volkswagen of Lying About Its Vehicle Assembly Plants

The Nigerian Senate has announced plans to investigate Volkswagen Automobile Group, accusing the company of not assembling vehicles in...


Morgan Capital Confirms Suspension From NSE Trading System

Morgan Capital has announced that its Online Stock Broking Platform iTrade is shut down following the company’s suspension from...