The World Bank has ranked Nigeria 169 out of 189 countries in its latest report on the ease of doing business globally.…
Category:
Finance
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BusinessEconomyFinanceNewsStock Market
NSE market capitalisation loses N88bn to third quarter results sentiments
The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday dropped further by N88 billion due to poor third quarter results…
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BusinessEconomyFinanceNews
Financial Reporting Council suspends Atedo Peterside, three directors of Stanbic IBTC
*Accuses bank of issuing misleading financial statements *Orders withdrawal of 2013, 2014 accounts *Stanbic IBTC debunks accusations The Financial Reporting Council (FRC)…
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PZ Cussons Nigeria Plc on Tuesday approved final dividend of N2.42 billion, representing a payment of 61 kobo per share to all…
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The market indicators of the Nigerian Stock Exchange (NSE) recorded further appreciation on Tuesday improving by 0.20 per cent as a result…
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BusinessEconomyFinanceNews
NDIC pays N6.8bn insured deposits to 528,277 depositors of closed banks — MD
The Nigeria Deposit Insurance Corporation (NDIC) says it has paid out a cumulative N6.831 billion insured deposits to 528,277 depositors of 49…
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The Central Bank of Nigeria (CBN) has said that 32 million active bank accounts have yet to be enrolled on the Biometric…
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Lazard Ltd. hired former Nigerian Finance Minister Ngozi Okonjo-Iweala as a senior adviser after the government of Goodluck Jonathan was voted out…
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The Association of Bureaux De Change Operators of Nigeria (ABCON) yesterday suspended Director of Amazon BDC, Mr. Nwokenta Kingsley, arrested last week…
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A Nigerian, Dr Benedict Oramah, yesterday formally assumed office as the new President of Afreximbank, in Cairo. Oramah, who was elected president…
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Some capital market operators, on Monday blamed the Nigerian Stock Exchange (NSE) for the dismal performance of some listed stocks in recent…
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President Muhammadu Buhari said yesterday in Paris, France that he opposed a further weakening of the naira and openly endorsed the Central…
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BusinessEconomyFinanceNewsOil and Gas
ExxonMobil pumps first oil production at Erha North Phase 2 Project
ExxonMobil Corporation on Wednesday announced the pumping of first oil by its subsidiary, Esso Exploration and Production Nigeria Limited, ahead of schedule…
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—Long list of MDAs account provided by CBN —interbank money market frozen — Law makers support FG — Calabar Teaching hospital expresses…
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BusinessEconomyFinanceNews
Foreign suppliers shut credit lines to Nigerian businesses, CBN accuses operators of round-tripping
By Omoh Gabriel, Business Editor *Hotels saddled with large amounts of idle foreign cash *Quality of loan assets in banking system at…