External Reserves Drop to $32.66billion, Down 30% From February 2014

Latest data on the central bank website on Tuesday showed that reserves fell to $32,661,641,916 as at Feb. 16, down 1.2 percent from $33,041,...

NIPCO Confirms Deal With Mobil Is Nearly Complete

Mobil Nigeria Plc has revealed that the transfer of its shares to NIPCO Plc will soon be completed. The Managing Director of NIPCO, Mr. Venkataraman...
Treasury bills

How to bid for this week’s Treasury Bills sale

The Central Bank of Nigeria (CBN) is scheduled to hold a Treasury Bills (T-Bills) Primary Market Auction (PMA) on 18th October, 2018.
Ahmed kuru AMCON

AMCON to expose new debtors

AMCON is preparing to release another list of debtors.

Revision: Foreign Investments Into Nigeria Jumps 46.5% In Second Quarter of 2016

Latest revision shows investment into Nigeria is picking up

T-A-K-E-O-V-E-R: SAB Miller (Owners of Int Breweries) Just Made A Bid To Acquire Heineken...

Bloomberg just reported SABMiller Plc (SAB) has approached the owners of Heineken NV (HEIA) about an offer for the smaller brewer, to help defend...

Is The Banking Committe Finally Giving Up?

The Banking Committee in Nigeria have threatened to withdraw from funding the payment of school fees abroad, Thisday reports. The Central Bank have pledge to...

Adeosun: FG To Introduce Economic Stimulus By Paying Contractors N350 billion

The two-day National Economic Council (NEC) retreat at the conference hall of the Presidential Villa, has ended. The retreat was chaired by Vice President Yemi...
Inaugural ABC Media parley

ABC Seeks Increased Collaboration with Government

The American Business Council recently held an FMCG media parley at the American Guest Quarters, Lagos to rub minds with the media on how...
Jide Okuntola - GTBank

GTBank appoints a new Executive Director

Guaranty Trust Bank Plc's Board of Directors has approved the appointment of Mr Jide Okuntola as an Executive Director in the tier-1 bank.

Here is The Impact of Latest NLNG Gas Pipeline Explosion

Nairametrics| Nigerians woke up on Thursday to the news of yet another gas explosion. This time it affected the Nigeria Liquefied Natural Gas Ltd (NLNG). According...

Nigeria is out of recession as economy grows by 0.55% in Q2 2017

Nigeria is out of recession!!! Official report of the Second quarter 2017 GDP from the National Bureau of Statistics (NBS) show the Nigerian economy grew...

CCNN announces merger plans with Kalambaina Cement

CCNN has announced a proposed merger with BUA Cement.
Nigerian Stock Exchange

Bears return as NSE closes in the red

The bears returned to the Nigerian Stock Exchange as the All Share Index closed at 35,311.36 basis points, down 0.32%. Year to date, the...
Problems with Nigeria's banking sector

If your bank is on this CBN list, your money is safe

CBN has released the list of banks operating in Nigeria, as at the 30th of September, 2018.

Official: Oando Announces 1 For 4 Rights Issue @N22 Per Share

Oando Nigeria Plc announced plans to raise $300 million (N48,779,834,048) via a rights issue, starting from Nov. 24 and closing December 19 2014.  Shareholders who...

Konga CEO explains recent cost cutting measures

E-commerce firm Konga has reportedly downsized about 60% of its work force.  The company has also stopped the pay on delivery option and warehousing...
MTN Nigeria

NCC to transfer Visafone ‘resources’ to MTN

NCC has begun the process for the transfer of the license of Visafone Communications Limited to the new owner and digital mobile operator.
Unilever Nigeria

Unilever releases 9-month financial result, PAT increase by 90%

Unilever Nigeria Plc has released its financial results for the nine months ended 30 September 2018
Purchasing Managers' Index, Manufacturing sector - biscuit industry

PMI remains positive for 19 consecutive months

CBN said the country's PMI continued to grow for the nineteenth consecutive month in October.

Naira gains for the second straight day on the black market

Nigeria's naira firmed more than 2 percent on the parallel market on Thursday as individuals sold dollars after a peaceful presidential poll in Africa's...

African Currencies Under Pressure Ahead Of Likely U.S. Rate Hike

Most African currencies are likely to take a hit on the expected U.S. Federal Reserve rate hike. NIGERIA The naira should trade within the present range...

The 10 major stories trending in Nigeria right now

Nigeria, our beloved country is never short of stories to ponder on and argue about. When we think we have heard enough of one political, business,...

Malabu Oil Loot: UK set to refund Nigeria’s $85m

The Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN has revealed that the United Kingdom has given the final clearance for...
Caverton Group

Caverton confirms mega Chevron contract has taken off

Caverton Helicopters, a subsidiary of Caverton Offshore Support Group Plc, has commenced its Chevron logistics support contract by taking the first official flights to...

Foreign investors dump Lagos for Abuja as Capital Importation drops to $5.5 billion

The sum of $5.51 billion was the value of total capital imported into Nigeria in Q2 2018.

FG’s Policies Are Ineffectual- NLC

NLC Chairman, Ayuba Wabba criticizes the policy direction of the government, labeling it as ineffectual in solving the economic crisis and detrimental to the living conditions of the average worker.

Kemi Adeosun’s resignation stirs controversy long after she flees Nigeria

Mrs Adeosun's resignation and the matter underlying it have continued to generate controversy in Nigeria.

Buhari Just Made A Bold Promise About Power He Probably Won’t Keep

  President Buhari made the above statement at the Economic retreat which began today in Abuja. He also posted the comments via his twitter handle.
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