Equity market: Investors’ negative sentiment persists
Business
Business

Equity market: Investors’ negative sentiment persists

Ademola Yakubu - August 19, 2019

By Peter Egwuatu INVESTORS’ negative sentiment continued in the equity market on the Nigerian Stock Exchange, NSE, despite the N0.30kobo interim dividend declared by Guaranty Trust Bank…

Buhari reacts to Financial Times article condemning order to CBN
Business
Business

Buhari reacts to Financial Times article condemning order to CBN

Webby - August 18, 2019

The Presidency has described as untrue the Financial Times report suggesting that Nigeria has placed restrictions on importation of agricultural products into the country. Buhari had ordered…

Nigerian Stock Market ends week in red
Business
10 views
Business
10 views

Nigerian Stock Market ends week in red

Webby - August 16, 2019

The Nigerian Stock Exchange (NSE) ended Friday’s trading session in negative territory. The All-Share Index closed at 26,925.29 basis points, down 0.47%. Year to date, the index…

CBN releases new guidelines to banks
Business
8 views
Business
8 views

CBN releases new guidelines to banks

Webby - August 15, 2019

The Central Bank of Nigeria (CBN) says it has released guidelines for the disbursement of lower denominations of the Naira through microfinance banks (MFBs) across the country.…

SEC to protect investors against high charges
Business
3 views
Business
3 views

SEC to protect investors against high charges

Webby - August 15, 2019

The Acting Director-General of the Securities and Exchange Commission (SEC), Mary Uduk has expressed the commitment of the Commission to protect investors from high charges in the…

Breaking : Communities shutdown flow stations in Delta
Business
6 views
Business
6 views

Breaking : Communities shutdown flow stations in Delta

Ademola Yakubu - August 15, 2019

By Jimitota OnoyumeNigeria loses about 79,000 barrels of oil as host communities to Jones Creek,Odidi and Batan flow stations shut down the station operated by NPDC/ Neconde…

SEC reaffirms commitment to investor protection
Business
5 views
Business
5 views

SEC reaffirms commitment to investor protection

Webby - August 15, 2019

By Chioma Obinagwam The Nigeria’s Securities and Exchange Commission (SEC) has restated its determination to ensure that investors in the Capital market are adequately protected in all…

Access Bank introduces loan for smartphone purchase
Business
5 views
Business
5 views

Access Bank introduces loan for smartphone purchase

Ademola Yakubu - August 14, 2019

Lagos – Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses online and deepen financial inclusion.…

Fidelity Bank meets CBN deadline as LDR hits 80%
Business
10 views
Business
10 views

Fidelity Bank meets CBN deadline as LDR hits 80%

Webby - August 13, 2019

As the deadline set by the Central Bank of Nigeria (CBN) for the commencement of the new directive on Loan to Deposit Ratio (LDR) is fast approaching,…

Nigerians spend N730 billion on sports betting annually
Business
7 views
Business
7 views

Nigerians spend N730 billion on sports betting annually

Webby - August 13, 2019

Nigerians spend over 730 billion Naira annually on sports betting and at least two billion naira is generated daily, recent research data shows. Data also revealed that…

Naira weakens further as oil price crashes
Business
6 views
Business
6 views

Naira weakens further as oil price crashes

Webby - August 13, 2019

aiNaira weakened to 364 per dollar at the weekend from N363.50 the previous day as falling oil prices tightened liquidity on the currency market, traders said. Pressure…

SEC warns Nigerians against Ponzi schemes
Business
6 views
Business
6 views

SEC warns Nigerians against Ponzi schemes

Webby - August 13, 2019

The Securities and Exchange Commission have warned Nigerians to desist from investing their money in investment schemes being operated by persons or organisations that were not registered…

Tax evasion: Union Bank, Ecobank risk losing branches
Business
4 views
Business
4 views

Tax evasion: Union Bank, Ecobank risk losing branches

Webby - August 10, 2019

Union Bank and Ecobank risk losing all their branches in Akwa Ibom after they were shut down with their operations placed on hold over allegations of tax…

World Bank commitment to Nigeria hits $11bn — country director
Business
4 views
Business
4 views

World Bank commitment to Nigeria hits $11bn — country director

Webby - August 9, 2019

The country director, World Bank Group, Rachid Benmessaoud, says the bank’s net commitment to Nigeria over the years is about $11 billion. He made the statement at…

DMO dissatisfied with retail investor participation in debt market
Business
8 views
Business
8 views

DMO dissatisfied with retail investor participation in debt market

Webby - August 7, 2019

The Debt Management Office (DMO), has expressed dissatisfaction with individual investors’ patronage of bonds, saying a lot needed to be done to attract more investors into the…

Point of sale transactions record hits N634bn in Q1 2019
Business
10 views
Business
10 views

Point of sale transactions record hits N634bn in Q1 2019

Webby - August 7, 2019

The value of transactions through point of sales (PoS) channels nationwide stood at N633.804 billion between January and March 2019, figures compiled from the Nigeria Interbank Settlement…

Nigeria’s external reserves slip below $45bn
Business
8 views
Business
8 views

Nigeria’s external reserves slip below $45bn

Webby - August 7, 2019

Nigeria’s external reserves have continued to drop in recent weeks and slipped below $45 billion. According to data obtained from the Central Bank of Nigeria (CBN), the…

Nigeria is on the way to becoming global food basket, says Osinbajo
Business
7 views
Business
7 views

Nigeria is on the way to becoming global food basket, says Osinbajo

Ademola Yakubu - August 6, 2019

In line with its commitment to develop a thriving agro-industrial sector, the Federal Government will welcome partnerships and initiatives that would make Nigeria actualize its potential of…

Shareholders speak on SEC’s effort to streamline share transmission process
Business
4 views
Business
4 views

Shareholders speak on SEC’s effort to streamline share transmission process

Ademola Yakubu - August 5, 2019

Shareholders speak on SEC’s effort to streamline share transmission process Over time, investors in the Nigerian capital market have been complaining about the cumbersome process of taking…

N300bn fine: MTN drags FIRS to court
Business
5 views
Business
5 views

N300bn fine: MTN drags FIRS to court

Webby - August 3, 2019

Telecommunication giants, MTN Nigeria, has asked a tax tribunal to quash the decision to pay corporate tax on the N330 billion fine for SIM infraction slammed on…