Finance

The Platform for Collaboration on Tax (PCT) – a joint initiative of the IMF, OECD, UN and World Bank Group – is…

The local bourse started the week on a positive note following gains in NESTLE (+4.7%), OKOMUOIL (+10.0%) and FBNH (+1.9%) thus pulling the benchmark index up 12bps to…

Shareholders of Transcorp Hotels Plc have unanimously approved the company’s plan to raise the sum of N9.9 billion through a rights issue.…

Despite four consecutive losses during the week, the Nigerian Equities market closed on a bullish note as buying interest in AIRTELAF (+10.0%),…

The Central Bank of Nigeria (CBN) has said that it has disbursed over N49 billion out of N50 billion targeted facility for…

Nigeria needs to deepen economic reforms and boost government revenues in order to have a sustained recovery after a coronavirus-induced oil price…

FCMB Group and AIICO Insurance have notified the Nigerian Stock Exchange (NSE) and the investing public of discussions for sale of 96…

Ecobank has extended its zero charge fee for digital money transfers below N5,000 till the end of September this year. In addition…

IFC, a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited…

Deputy Governor Central Bank of Nigeria (CBN) Aishah Ahmad has said that 17 banks submitted requests to restructure over 32,000 loans for…

Profit-taking in MTNN (-0.4%), ZENITH (-1.5%) and FBNH (-0.9%) dragged the benchmark index 12bps lower to close at 24,625.24 points. As a result, market capitalisation declined ₦15.6bn to ₦12.8tn while…

The gap between the bullish mood among investors and the huge uncertainties about the extent and speed of the economic recovery from…

Aviation unions have threatened to shut down the Nigerian Airspace Management Authority ,NAMA, operations if the agency goes ahead with its planned…

Losses in the equities market were extended into the third consecutive trading session as sell-offs in SEPLAT (-10.0%), NIGERIAN BREWERIES (-3.6%) and INTBREW (-9.9%) dragged the benchmark…

Sub-Saharan Africa’s gross domestic product is expected to shrink by 3.2% this year due to the impact of the COVID-19 pandemic, the…