Nigeria’s economic growth rose to an annual rate of 2.55% in the three months to the end of December, its highest quarterly…
News
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Losses in banking stocks – GUARANTY (-3.8%), ZENITH (-3.8%) and ACCESS (-6.4%) – dragged the All-Share Index down 127bps to 27,041.03 points. Consequently, YTD return plunged to…
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Africa Finance Corporation (AFC) is investing $63 million to build and operate a 60 megawatt (MW) wind farm in Djibouti, the Lagos-based…
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BusinessEconomyFinanceNews
Banks compromising forex, money laundry act by accepting cash deposit of $400,000
By omoh Gabriel Indication emerged weekend that some Nigeria banks managing directors are in active connivance with money launderers, political expose persons…
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EconomyMaritimeNews
FG plans Bill to ban plastics, to eliminate land-based Marine litter sources in 5 years
The National Assembly and the Federal Ministry of Environment are putting the finishing touches to a bill meant to prohibit the production…
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As part of commitment to deepening Ease of Doing Business reforms, the Edo State Government will inaugurate a Small Claims Court, which…
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The Nigeria Deposit Insurance Corporation (NDIC), says it has liquidated 427 financial institutions as at December 2019. Mr John Abiodun, the Assistant…
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BusinessFinanceNewsStock Market
Bears tighten hold on Nigerian stock market, Naira remains stable across board
The downtrend in the Nigerian Stock market persisted during the outgoing week, as sustained sell-offs in LAWUNION (-36.5%), MANSARD (-10.0%) and FORTE…
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Central Bank of Nigeria (CBN) has said that it recovered on behalf of customers over N60 billion excessive charges imposed on them…
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In a clear show of its resilience and market leadership, Zenith Bank has announced an impressive result for the year ended December…
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World Bank Group said in a report that the off-grid solar sector has grown rapidly over the past decade and is now…
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NewsTech
Hitch Nigeria, 11 others African EdTech Companies named as First Fellows at Centre for Innovative Teaching and Learning in ICT
HITCH, Nigeriaan educational video platform that provides underserved African schools with curated, high quality educational content is one of the first cohort…
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The Federal Government has called on the United States of America to consider the long standing relationship between the two countries and…
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The Nigerian Shippers’ Council (NSC) and the Nigeria Customs Service (NCS) are collaborating to provide a single-window platform that would ensure regulatory…
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NewsOil and Gas
Nigerian Businessman Aliyu Abubakar to stand trial in Eni, Shell oil graft case in Italy
An Italian Judge has ordered Alhaji Aliyu Abubakar, a Nigerian businessman involved in the controversial Eni and Shell OPL-245 offshore oilfield deal,…