CBN extends its support for Skyebank to 2018 after N100bn bailout         

CBN extends its support for Skyebank to 2018 after N100bn bailout         

The Central Bank of Nigeria (CBN) has extended financial support for Skyebank till next year. The  bank in a statement, said it was still...


Windfall as UBA “buys back” 2 billion shares worth N20.1 billion

Windfall as UBA “buys back” 2 billion shares worth N20.1 billion

In a notice sent to the Nigerian Stock Exchange, UBA announced the cancellation of 2,080,194, 955 shares held by staff under the Staff Share...


Etisalat Nigeria explains the concept behind name change

Etisalat Nigeria explains the concept behind name change

Etisalat Nigeria is now 9mobile Lagos, Nigeria; July 18, 2016: Emerging Markets Telecommunication Services Limited (EMTS), which previously traded as ‘Etisalat Nigeria’ wishes to...



All the major economic news from Nigeria in 5 minutes – 18/7/2017

All the major economic news from Nigeria in 5 minutes – 18/7/2017

Summary of the top business, economic and political news in Nigeria today.   Acting President Yemi Osinbajo has pledged to grant tax relief for...


Nigerian Stocks: Summary Of Trading (18/07/2017)

Nigerian Stocks: Summary Of Trading (18/07/2017)

Daily performance of the Nigerian Stock Exchange for the trading day ended 18th July 2017. Nigerian stocks closed trading on a positive note as the...


PS Nutrac now grows crops without soil in Nigeria

PS Nutrac now grows crops without soil in Nigeria

PS Nutraceutical International Limited (PS Nutrac) now grows crops without using soil. PS Nutrac deploys several technologies including hydroponics (plants in water), aquaponics (using...


FG to raise $1 million venture capital for the creative Industry

FG to raise $1 million venture capital for the creative Industry

At the two-day creative industry financing conference in Lagos on Monday; the Minister of Information and Culture, Lai Mohammed, disclosed that the federal government...


ChapelHill Denham launches first series N200 billion Nigeria infrastructure debt fund

ChapelHill Denham launches first series N200 billion Nigeria infrastructure debt fund

ChapelHill Denham yesterday launched the first series of its N200 billion Nigeria Infrastructure Debt Fund (NIDF). The fund is reputed as the first-ever listed...


These 8 female bank directors are leading the way in boards full of men

These 8 female bank directors are leading the way in boards full of men

The great...


FG, NDDC to create more jobs in Niger Delta through agriculture

FG, NDDC to create more jobs in Niger Delta through agriculture

The federal government recently reiterated its plan to create more opportunities for youth in the Niger Delta through resuscitating the abandoned rice mill in...


This free ‘legal clinic’ for Startups and SMEs is holding in Lagos Soon

This free ‘legal clinic’ for Startups and SMEs is holding in Lagos Soon

On Thursday, July 27, 2017 at Villa Toscana, Oniru, Lekki, Okhai Akhigbe & Co. (OAC)—a Lagos-based legal services firm—will be hosting small- and medium-size...


ALERT: Wema Bank reports N1.2 billion profit  (2017 6 Months)

ALERT: Wema Bank reports N1.2 billion profit (2017 6 Months)

Wema Bank Plc released its Unaudited IFRS Results for the six months ended 30 June 2017 ; See below   Interest income N’m 2017...


Official: Debt service was 44% of FG revenue for May 2017

Official: Debt service was 44% of FG revenue for May 2017

In the recently published May 2017 Central Bank Monthly report, Nigeria earned a total revenue of about N185.6 billion the lowest monthly collection since...


AMCON CEO, Kuru, admits failure to recover debts and meet its obligations to CBN

AMCON CEO, Kuru, admits failure to recover debts and meet its obligations to CBN

The Managing Director and Chief Executive Officer of AMCON, Ahmed Kuru has admitted that the corporation which he heads has failed in its recent...


Aba traders “export 1 million pairs of shoes weekly”

Aba traders “export 1 million pairs of shoes weekly”

A recent report reveals traders from Aba export a whopping 1 million pairs of shoes every week to West African countries. Aba is the...


NSE launches new system to counter market fraud    

NSE launches new system to counter market fraud    

Participants in illegal trading on the Nigerian Stock Exchange (NSE) will be forced to turn a new leaf, as the exchange has installed technology...


ICE3X exchange introduces Naira-Ethereum  Trading

ICE3X exchange introduces Naira-Ethereum Trading

ICE3X, a cryptocurrency exchange based in South Africa has announced direct Naira Ethereum trading. This means customers will no longer have to convert their...


All the major economic news from Nigeria in 5 minutes – 17/7/2017

All the major economic news from Nigeria in 5 minutes – 17/7/2017

Summary of the top business, economic and political news in Nigeria today.   The Minister of Agriculture and Rural Development, Chief Audu Ogbeh, has...


Inflation rate, rise and fall explained

Inflation rate, rise and fall explained

This article is written to help explain the confusion that arises with the characterization of inflation rate as a rise of fall. Whenever the...


Nigerian Stocks: Summary Of Trading (17/07/2017)

Nigerian Stocks: Summary Of Trading (17/07/2017)

Daily performance of the Nigerian Stock Exchange for the trading day ended 17th July 2017. Nigerian stocks closed trading on a positive note as the...


List of Dividends announced so far in 2017 (Updated July 17, 2017)

List of Dividends announced so far in 2017 (Updated July 17, 2017)

Nairametrics| As audited accounts start to trickle in companies will propose dividend payments to their shareholders as recommended by their respective board of directors....


Inflation rate declines in 5th consecutive month to 16.10%

Inflation rate declines in 5th consecutive month to 16.10%

Nigeria’s inflation rate rose by 16.1% for the month of June 2017 compared to 16.5% in the month of May 2017. This is the...


The impending fork that’s crashing bitcoin prices explained

The impending fork that’s crashing bitcoin prices explained

The Fork in simple ‘English’ is a technical term used to describe an option to choose between an update to the application code that...


Nigeria’s Historical Monthly Inflation Rate Data (Updated July 2017)

Nigeria’s Historical Monthly Inflation Rate Data (Updated July 2017)

This data includes inflation rate for every month from January...


Are these CBN policies the reason for the scarcity of N100 notes?

Are these CBN policies the reason for the scarcity of N100 notes?

The scarcity of N100 notes across the country could be linked to a series of CBN policies. In an interview with the News Agency...


8 stock market terms you can add to your knowledge this week

8 stock market terms you can add to your knowledge this week

There are many Nigerians who are interested in participating in the stock market, trading shares and making profits. For many, though, their inability to...


These 5 banks are likely to declare interim dividends this month

These 5 banks are likely to declare interim dividends this month

We are well into the earnings season which is the period when listed companies publish interim and audited accounts for the period ended June...


MRS Oil Plc Chairman Sayyu Dantata resigns

MRS Oil Plc Chairman Sayyu Dantata resigns

In a notice sent to the Nigerian Stock Exchange (NSE), the management of MRS Oil Plc informed the investing public of the resignation of...


Difference between Clean and Dirty Price of a Bond

Difference between Clean and Dirty Price of a Bond

In fixed income markets, traders think of bonds in terms of clean and dirty prices, and this is how bond prices are quoted. Clean...


U-Turn: Nigeria will keep on borrowing – Adeosun

U-Turn: Nigeria will keep on borrowing – Adeosun

In what seems to be a conflicting statement, the Minister of Finance, Mrs Kemi Adeosun remarked that Nigeria would continue on its borrowing spree....