Business

Chairman, Dangote Group of Companies, Alhaji Aliko Dangote, is to spend $250 million on the production of rice and sugarcane...

FG dissolves NNPC Board

President Muhammadu Buhari on Friday in Abuja dissolved the board of the Nigerian National Petroleum Corporation (NNPC). This is contained...

RMAFC recovers N474m unremitted excise duty from Guinness

Guinness tops losers’ chart as NSE moves 335.41m shares worth N9.02bn

Investors at the Nigerian Stock Exchange (NSE) on Friday staked N9.02 billion on 335.41 million shares transacted in 3,462 deals....

NPA orders rehabilitation of Apapa, Tin-Can Ports’ roads

The Managing Director of Nigerian Ports Authority (NPA), Alhaji Sanusi Lamido, has ordered the rehabilitation of roads linking Apapa and...

CBN links cashless policy to increased electronic banking risks

N8b CBN scam: Allegation of bias against judge stalls trial

Trial of some bank officials in the N8 billion Central Bank of Nigeria (CBN) mutilated currency scam was on Friday...

Dangote, six foreign firms raise funds from capital market to begin gold, coal mining

June 25, 2015

The Nigeria Mining Cadastre Office (MCO) says that Dangote Group and six foreign companies are currently raising funds from the...

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

Business

Forte Oil tops price losers’ chart as NSE market indicators nosedive further by 0.44%

June 25, 2015

Transactions on the Nigerian Stock Exchange (NSE) on Thursday maintained the downward trend with the market indices recording further depreciation...

Buhari appoints AGF

June 25, 2015

President Muhammadu Buhari on Thursday approved the appointment of Alhaji Ahmed Idris as the Accountant General of the Federation (AGF)....

Glo is fastest-growing network, says Bureau of Statistics

June 24, 2015

The National Bureau of Statistics (NBS) has identified Nigeria’s telecommunications carrier, Globacom, as the fastest-growing operator in Nigeria in the...

Buhari orders distribution of 150 trucks of seized rice to Nigerians

Importers of rice, cement to stop accessing forex from banks, says CBN

June 24, 2015

The Central Bank of Nigeria (CBN) says importers of rice, cement and other products will no longer access Foreign Exchange...

FAAC: FG, states, LGs share N409.3bn for May

June 24, 2015

Temporary reprieve came the way of indebted states on Tuesday as the Permanent Secretary, Ministry of Finance, Mrs Anastasia Nwaobia,...

Trillions of dollars investment to change power sector

June 23, 2015

The renewable-energy boom is here. Trillions of dollars will be invested over the next 25 years, driving some of the...

Nigerian stock market extends loss by 0.40%

Business

NSE market indicators record marginal decrease

June 23, 2015

Activities at the Nigerian Stock Exchange (NSE) on Tuesday recorded a marginal decrease with the market capitalisation dropping by 0.01...

Electricity consumers kick against tariff review as power generation hits 4,000 megawatts

June 23, 2015

Electricity consumers in the Federal Capital Territory (FCT), Abuja on Tuesday kicked against the planned review of tariff by the...

Customers besiege banks for BVN few days to deadline

Bank customers on Monday besieged their banks to collect their Bank Verification Number (BVN), a week to the deadline of...

Accountant arraigned for allegedly stealing N25m from NNPC

An accountant, Sarah Suowari, 39, has been arraigned before a High Court in Yenagoa, Bayelsa State charged with stealing N25...

Business

Trading closed upbeat on NSE, as market indices record 0.38 per cent growth

Transactions at the Nigerian Stock Exchange (NSE) resumed for the week on Monday on a positive trend with the market...

Terminal operators increase dockworkers’ wages

The Seaports Terminal Operators Association of Nigeria (STOAN) have signed an agreement with the Maritime Workers Union of Nigeria (MWUN)...

World’s largest cruise ship takes to the water in France

June 19, 2015

The hulking shell of the world's largest cruise ship slid into the waters off western France on Friday, with workers...

Zenith Bank remains investors’ toast as NSE moves 390.53m shares worth N4.86bn