OML 118: NNPC, SNEPCo, others sign 20-year deep water agreement
The Nigerian National Petroleum Corporation (NNPC) and its Production Sharing Contract (PSC) partners have executed agreements to renew Oil Mining...
CBN’s MPC retains MPR at 11.5%, holds other parameters constant
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), on Tuesday, retained the Monetary Policy Ratio at...
GCR upgrades Nova Merchant Bank’s rating
Global Credit Rating has upgraded NOVA Merchant Bank’s Long Term Issuer Rating from BBB- to BBB with a stable...
UBA Group appoints Caroline Anyanwu as Board Member
United Bank for Africa (UBA), the leading pan-African financial services institution, today announced the appointment of Mrs. Caroline Anyanwu...
FirstBank bags hat-trick of awards at Global Banking and Finance Awards 2021
First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has been awarded the 2021 ‘’Retail Banking...
NGX drops further by N301bn on losses by blue chips
Major blue chips posted price depreciation on the Nigerian Exchange (NGX) on Wednesday, forcing the market capitalisation to drop by...
NOVA Merchant Bank Bond reaffirmed as ‘A’ Rated
In recognition of the strong underlying fundamentals driving its business, Datapro reaffirmed an “A” rating on NOVA Merchant Bank's...
Dangote Cement restates commitment to closing demand-supply gap
Following the surge in demand for cement products in the country, Dangote Cement Plc has restated commitment in meeting the...
S&P: FBNH, FirstBank Boards’ changes ‘ensured stability’
S&P Global Ratings said changes to the boards of First Bank of Nigeria Limited and FBN Holdings (FBNH) Plc, recently...
Breweries, bottling, beverages generate highest amount as Company Income Tax increases by N97.05bn
The National Bureau of Statistics (NBS) says N392.77 billion was generated as Company Income Tax (CIT) in Quarter One, 2021...
NGX: Key indices improve further by 0.18%
Key indicators of the domestic equities market increased further on Tuesday by 0.18 per cent, amid demands for Dangote Cement....
Senate: MDAs yet to remit over N3trn, accuses agencies of ‘involvement in illegalities relating to expenditure of funds’
Ministries, Departments and Agencies (MDAs) are yet to remit over N3 trillion to the Consolidated Revenue Fund (CRF) of the...
NGX market capitalisation loses N39bn, as Mobil Oil delists
Trading on the Nigerian Exchange (NGX) closed on Friday with the market capitalisation dropping by N39 billion while the index...
CBN extends ‘Naira 4 dollar’ incentive for diaspora remittance
The Central Bank of Nigeria (CBN) has announced an extension to its 'Naira 4 dollar' incentive to encourage diaspora remittances...
NGX: BOC Gases leads losers’ chart as indices drop further by 0.81%
Key indices of the Nigerian Exchange (NGX) dropped further by 0.81 per cent on Thursday to extend bearish transactions to...
Heirs Oil & Gas announces CEO, Board Appointments
Heirs Oil & Gas (HHOG), the leading African integrated energy company, has announced the appointment of Osayande Igiehon as Chief...
Bears dominate trading on NGX, capitalisation down by N193bn
The bears were dominant on the Nigerian Exchange (NGX) Ltd., on Wednesday with market capitalisation declining further by N193 billion....
Airtel Nigeria appoints Surendran as CEO
Airtel Nigeria, a telecommunication company, on Wednesday, announced the appointment of Mr C Surendran as Managing Director and Chief Executive...
NGX resumes May with N17bn loss
Activities on the nation’s bourse resumed the week and month on Tuesday with a loss of N17 billion following sell...
NERC approves N215.68bn for Ikeja, Eko DisCos’ upgrades
The Nigerian Electricity Regulatory Commission (NERC) has given approval to Ikeja Electric Plc to invest the sum of N121.92 billion...
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