Business

The naira depreciated further at the parallel market on Monday as it lost N0.5 to exchange at N242.5 to the...

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

Sell pressure: Investors’ net worth drops further by 0.84%

Transactions at the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a negative note with investors' net...

CBN links cashless policy to increased electronic banking risks

‘Nigeria’s external reserves drop to $30.04bn’

The Central Bank of Nigeria (CBN) said that the nation's foreign reserves fell to $30.04 billion as at November 26....

Ambassador 1-4
L-R: Minister of Solid Minerals Development, Dr Kayode Fayemi, with the Australian High Commissioner to Nigeria, Mr Jonathan Richardson, during a courtesy visit by the High Commissioner to his office in Abujaon Friday.

Fayemi: FG to understudy Australian mining sector

The Federal Government would understudy the Australian mining sector in a bid to reposition the country’s solid mineral sector, Minister...

Shell resumes oil export from Forcados Export Terminal, lifts Force Majeure

UN rewards SPDC JV Afam VI Power Plant for reducing carbon emissions

The Afam VI Power Plant in Rivers State has been recognised and rewarded by the United Nations for reducing carbon...

Dangote to build 500mw power plant for Kano, N7bn hospital ready in 2016

by Ibrahim Ahmadu

The pan-African conglomerate, the Dangote Group, has concluded preliminary arrangements to inject 500mw of electricity into the national grid for...

RMAFC recovers N474m unremitted excise duty from Guinness

Capital market indicators down by 0.29%

November 27, 2015

The market indices of the Nigerian Stock Exchange (NSE) on Friday dropped by 0.29 per cent, due to profit taking....

Toyota leads global car sales in October, outsells VW in 4th month

by Freedom Reporter

November 27, 2015

Toyota Motor Corp., outsold Volkswagen AG for the fourth straight month in October to remain world's top-selling automaker so far...

Petrol: Apapa traffic gridlock will continue until scarcity abates, says NUPENG

November 26, 2015

The National Union of Petroleum and Natural Gas (NUPENG) has declared that the traffic gridlock in Apapa axis, Lagos will...

Oil spillage: Court orders Mobil, NNPC to pay N81.9bn in damages to Akwa Ibom communities

Mobil leads losers’ chart as Stock Exchange moves 167.48m shares valued N2.32bn

November 26, 2015

Investors at the Nigerian Stock Exchange (NSE), on Thursday bought and sold 167.47 million shares worth N2.32 billion transacted in...

Immigration generated N19. 4bn in 10 months

by Ibrahim Ahmadu

November 26, 2015

The Comptroller-General of the Nigeria Immigration Service (NIS), Mr Martins Abeshi, says the service generated N19. 4 billion between January...

FEC okays N718.6m mobile security scanner for Lagos Port

Tin-Can Island Customs generates N24.4bn in 24 days

Assistant Comptroller-General of Customs in charge of Zone A, Lagos, Mr Eporwei Edike, on Wednesday, commended the Tin-Can Island Port...

MPR slash: NSE market indices rise by 0.53%

Transactions on the Nigerian Stock Exchange (NSE) on Wednesday reacted positively to the reduction of the Monetary Policy Rate (MPR)...

FG approves restructuring of NCAA to improve safety

Aviation

NCAA suspends Ascon Oil, four other marketers from supplying aviation fuel

The Nigerian Civil Aviation Authority (NCAA) has directed five oil marketing companies to stop supplying aviation fuel, known as Jet...

Power generation: Egbin station hits 1,100 megawatts output

Power generation from Egbin power plant in Lagos State has increased to 1,100 megawatts from 813 megawatts in October. A...

Petrol sells for N200 per litre as motorists decry sale of adulterated fuel in Oyo, Ogbomoso

by Freedom Reporter

From Bode Durojaiye,Oyo. Some petrol dealers in Oyo and Ogbomoso are now selling adulterated product mixed with water and diesel...

ITF: Attempts to blacklist Chukkas-Onaeko will fail, says Agenda for New Nigeria

by Roland Edwards

Agenda for New Nigeria (ANN), a watchdog and non-profit making organisation, has described as defeatist and poorly conceived, attempts by...

Financial experts predict boost in capital market as Monetary Policy Committee cuts CRR, MPR to 20%, 11%

November 24, 2015

The Monetary Policy Committee (MPC) has slashed the Cash Reserve Requirement (CRR) from 25 to 20 per cent and the...

No bank has capital adequacy problem, says Emefiele

November 24, 2015

Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, said that no bank in the country had any...

NSE market capitalisation dips further by N75bn