Oando Just Gave This Excuse For Not Releasing Its 2015 FY Results

Oil and Gas Giant, Oando Plc has yet again failed to keep its promise of not releasing its 2015 FY results earlier set of...

Reports: Most of The 1000 Sacked Ecobank Staff Are From Former Oceanic Bank

Reports reaching Nairametrics suggest Ecobank may have sacked 1000 staff. Media reports suggest 1,040 staff were affected but we believe it will be close to...

GE West Africa Appoints Efundoyin Akinyanju As CEO

General Electric (GE) has appointed Efundoyin Akinyanju as Chief Executive Officer GE Oil & Gas for West and Central Africa. In this role, she will...

GSK Nigeria Has Moved One Step Closer Towards Spinning Off Ribena & Lucozade Boost

GlaxoSmithKline Consumer Nigeria Plc has announced that its Board of Directors have approved the binding offer to sell its drinks...
Diamond bank

Diamond Bank Lays-Off 200 Workers

Diamond Bank last weekend sacked 200 members of its workforce thereby adding them into the unemployment market. The bank says it is currently rightsizing with...

Gas Flaring: EIA Ranks Nigeria Fifth In The World

The U.S State Energy Information Administration (EIA) has disclosed that Nigeria remained one of the top five gas flaring nations in the world. The EIA...
stock exchange - buying and selling

Federal Government Plans to Inject N6.5b Into Capital Market

Chairman, Senate Committee on Capital Market, Senator Isiaka Adeleke has disclosed that plans are on by the Federal Government to inject N6.5 billion into...

FTSE Russell Sets To Kick Nigeria Out Of Its Frontier Status

Nigerian equities are in for a rough time, as FTSE Russell announced on Wednesday that it will assess the status of Nigerian stocks in...

Onitsha Named Dirtiest City In The World; Kaduna and Aba Listed In Top 10

An article on CNN Wednesday reports that three Nigerian cities top the ranking as the world's most polluted cities. The article was based on...

Dump! Dump! Dump! Investors Jilt Bank Stocks

It appears a dumping competition is on for banking stocks as the "flexible exchange rate" euphoria begins to wane. The announcement last week by...

Trade Between Nigeria And South Africa Jerks Up To N1.3 Trillion

South African High Commissioner to Nigeria, Louis Mnguni, has revealed that the volume of trade between Nigeria and South Africa rose to N1.3 trillion...

NIGERIA: Exchange Rate Today (1/6/2016)

    S/N PARALLEL BUY SELL 1 NAIRA/DOLLAR 345 350 2 NAIRA/EURO 384 387 3 NAIRA/POUND 502 507              

Nigerian Stocks: Summary of Trading Today (01/06/2016)

Nigerian stocks closed trading on a negative note as the all share index dropped -2.72%. Market capitalization at the close of trading was N9,242,303,024,132.50. Highlights of...

Sterling Bank, Leap Africa Team Up To Empower Entrepreneurs

Sterling Bank in partnership with Leap Africa, would use capacity building to empower entrepreneurs at the 11th edition of the CEOs Forum. Executive Director, Finance...

Customs Says Fixing Official Duty Rates Is The Function Of CBN

The Nigerian Customs Service has refuted reports that it will begin to use the rate of N285 to the dollar for the calculation of...

Jaiz Bank Appoints Usman As MD, Posts N794.2 Million Profit

Board of Directors of Jaiz Bank on Tuesday, appointed Hassan Usman as substantive Managing Director to run the affairs of the bank subject to...

Lagosians To Enjoy Water Through Distribution Kiosk System

In its drive to produce portable drinking water to its residents, Lagos State Government on Tuesday announced that it will soon introduce the Water...

Mixed Vibes From Buhari Sends Nigerian Stocks To Its Largest Single Day Drop In...

The Nigerian Stock Exchange closed trading on the last day of May with a massive 4.26% loss to record its biggest one day loss...

Nigeria Ranked 7th Country With The Most Slaves In The World

Reuters| Nearly 46 million people around the world are living as slaves, forced to work in factories, mines and farms, sold for sex, trapped...

Arrest Any Ex-Governor, Minister With Diplomatic/Official Passport C-G Orders

Any former political office holders and retired public servants who are still in possession of the nation’s diplomatic passports will be arrested. The newly appointed...

Fashola Says No Going Back On Hike In Electricity Tariff

Minister of Power, Works and Housing, Babatunde Fashola on Tuesday, said there no going back on the 45 percent increase in electricity tariff. Fashola stated...
Nigerian stock exchange - nairametrics

Nigerian Stocks: Summary of Trading Today (31/5/2016)

Nigerian stocks closed trading on a negative note as the all share index dropped -4.26%. Market capitalization at the close of trading was N9,500,897,098,944.70. Highlights of...

This Nigerian Tops The List As The Next OPEC Secretary- General

Mohammed Barkindo is likely to be chosen as the next Secretary-General of the Organization of Petroleum Exporting Countries (OPEC). Barkindo was Group Managing Director (GMD)...

DMO Boss Says Our Foreign Exchange Reserves Will Soon Recover

Director-General, Debt Management Office (DMO), Dr. Abraham Nwankwo has assured Nigerians that naira and foreign exchange reserves will recover in the years ahead as...

BOOM: Nigeria Records First Negative Quarterly Balance of Trade Since 2008

The National Bureau of Statistics released its 2016 First Quarter Balance of Trade report revealing Nigeria had a negative trade balance of N184.1 billion....

Russian Company To Construct 4,800MW Nuclear Plant Worth $80 Billion

The Federal Government will commence the construction of a nuclear plant worth $80 billion. The plant will be constructed and at the point of completion,...
Lagos-Ibadan Expressway, Lagos-Ibadan Expressway closure, Reconstruction of Lagos-Ibadan Expressway, Postponement of Lagos-Ibadan Expressway

FG To Commence Production Of Cement For Road Construction -Minister

Minister of Science and Technology Dr Ogbonnaya Onu, on Monday said that the Federal Government is currently conducting a research on how...

This Is The Reason Why Buhari Will Visit The Niger Delta Region On Thursday

President Muhammadu Buhari will on Thursday, launch the Ogoni land clean-up exercise. The area had heavily been polluted by oil spills thereby destroying the aquatic...

How Per Capita Income Of A Country Is Calculated

Per capita income measures the average income earned per person in a given area (city, region, country, etc.) in a specified year. It is...

[DEAL] Vono Products Merges With Vitafoam Plc

The merger between Vitafoam Nigeria Plc and Vono Products Plc has been completed. The Nigerian Stock Exchange (NSE) has delisted the entire shares of Vono...