Business

A Federal High Court in Lagos on Wednesday revoked the recent increase in electricity tariff announced by the Nigerian...

NSE indices drop further by 0.15%, as Forte Oil tops activity chart

Forte Oil leads losers’ chart on NSE

Forte Oil on Wednesday, for the second consecutive day, led the losers' chart on the Nigerian Stock Exchange (NSE),...

Naira dips further against dollar

The Naira on Wednesday dipped further against the dollar at the parallel market. It lost 4 points to exchange...

Electricity: Shiroro to generate 600mw

by Roland Edwards

The Shiroro Hydro Power Station (SHPS) says it has expended about N2.4 billion for the repairs of its four...

Nigeria in full support of regional framework to fight piracy, says Peterside

by Freedom Reporter

Nigeria has expressed its support for any regional initiative geared towards eliminating the scourge of piracy and maritime crimes...

NPA concessions Terminal B, Warri Old Port

FG appoints Hadiza Usman as MD, Nigerian Ports Authority

July 12, 2016

The Federal Government, on Tuesday, appointed Ms Hadiza Usman as Managing Director of Nigerian Ports Authority (NPA). The information...

NCC remits N70bn into Federation Account

by Ibrahim Ahmadu

The Nigerian Communications Commission (NCC) says it remitted N70 billion into the Federation Account in the last one year....

Adeosun: Insurance sector denying economy 1.5 % GDP growth yearly

Minister of Finance, Mrs Kemi Adeosun, lamented on Monday that the under-performance of the insurance sector was denying the...

DMO to sell bonds worth N120bn on July 13

The Debt Management Office (DMO) on Monday said it would raise N120 billion worth of bonds on July 13....

Amaechi, Ogbeh, other ministers in London for investment drive

by Freedom Reporter

No fewer than five ministers are in London for the Nigeria Trade and Investment Road Show holding from July...

Ex-PENGASSAN spokesman: This is not a good time for strike

by Roland Edwards

Former National Public Relations Officer, PENGASSAN, Mr Oluwaseyi Gambo, on Monday, called for peaceful resolution to the current impasse...

NSE moves 587.74m shares worth N13.62bn in bearish trading

Profit warning: Lafarge Africa shares drop further by 5.03%

The shares of Lafarge Africa on Monday depreciated further by N3.20 or 5.03 per cent to lead the losers'...

Bank customers stranded as ATMs fail to dispense cash

by Femi Adewale

July 9, 2016

Customers of several banks in the Badagry area of Lagos State, were left stranded on Saturday as all the Automated...

Money laundering: Court admits ex-Skye Bank Chairman, MD to N50m bail each

Skye Bank shares drop further by 8.42%

Skye Bank’s shares on Friday on the Nigerian Stock Exchange (NSE) dropped further by 8.42 per cent, following investors...

We will resolve oil workers’ issues, says Kachikwu

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has assured that all issues raised by oil workers’ unions...

Aviation

Kenya Airways lays off 80 workers amid losses

by Freedom Reporter

Kenya Airways on Friday laid off 80 of its staff in the first phase of a major restructuring as...

IATF2021: Afreximbank, NNPC sign $1.04bn facility for oil exploration

NNPC: Kachikwu hands over to Baru, pledges support

by Ibrahim Ahmadu

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has pledged to support the new Group Managing Director (GMD)...

Investors exchanged 61.99bn shares worth N312.21bn in first half of 2016

July 7, 2016

Investors on the Nigerian Stock Exchange (NSE) in the first half of 2016 traded a turnover of 61.99 billion...

Dangote: Nigeria’s economy will bounce back soon

July 7, 2016

President of Dangote Group, Aliko Dangote, has assured that “there will be light at the end of the tunnel...

Heritage Bank announces N1.5bn profit for 2015