Sell pressures in the Banking stocks – GUARANTY (-3.7%), STANBIC (-5.2%) and FBNH (-2.4%) – dragged the benchmark index 67bps lower to…
Business News Report
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The Charge d’ Affairs and Deputy Chief of Missions United States (US) Embassy in Abuja, David Young, has applauded the Edo State…
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African Development Bank (AfDB) and the Tony Elumelu Foundation have signed a Letter of Intent to accelerate youth entrepreneurship across Africa. The…
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Monetary Policy Committee of the Central Bank of Nigeria, CBN, on Tuesday reduced the Monetary Policy Rate from 14 per cent to…
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Two Nigerian companies have won awards at the ongoing Africa CEO forum in Kigali. They are Access Bank and Kobo 360. According…
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Enugu Chambers of Commerce and Industry has urged the federal government to consider signing the African Free Trade Agreement. Mr Emeka Okereke,…
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9mobile, has affirmed its commitment to enabling the growth of enterprises in Nigeria, in recognition of their pivotal role in driving economic…
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Indication emerged that the Federal Government of Nigeria plans to increase Value Added Tax by 50 per cent to pay the new…
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Zenith Bank’s financial result for the year ended December 31, 2018 has reaffirmed its market leadership as Nigeria’s most profitable financial institution.…
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Nigerian Breweries (NB) and CrossBoundary Energy have signed Heineken’s first solar project in Africa, the first of its kind for Nigeria. It…
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Ecobank Nigeria in its avowed commitment to deepen financial inclusion has launched an Ecobankpay zone at the Amu market, Mushin Lagos. The…
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Oil and GasNews
Nigeria aims to cut joint venture oil stake to 40% as NNPC issues 2019-2020 crude for product tender
Nigeria plans to cut its stake in joint venture oil assets with multinational oil companies to 40 percent this year, its budget…
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European authorities on Wednesday fined Google 1.5 billion euros for antitrust violations in the online advertising market, continuing its efforts to rein…
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The Federal Government of Nigeria will auction by subscription N100 billion worth of bonds on March 27, 2019. The Debt Management Office…
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Federal Government has restated its commitment to prompt and effective service delivery, especially in its Ministries, Departments and Agencies (MDAs), saying it…