The naira appreciated from near a month low on speculation it will be supported as stronger oil prices outweighed an increase in petrol import orders. The currency strengthened 0.3 per cent to 157.85 per dollar on the interbank market as of 5:48 ...
The National Union of Petroleum and Natural Gas Workers (NUPENG) has put its planned strike on hold following the intervention of government and all other stakeholders in the industry, a statement issued by the Nigerian National Petroleum Corporation (...
Transactions on the floor of the Nigerian stock market yesterday sustained bullish rally as investors continued to take position in the blue chip companies. Consequently, the market capitalisation of equities appreciated by N43 billion as market ...
Economic growth in Nigeria declined marginally in 2011 compared to 2010, data from the National Bureau of Statistics (NBS) have shown. Data from the NBS yesterday indicate that the economy, measured by the Real Gross Domestic Product (GDP), grew by 7.3...
The Federal Government on Monday in Abuja set up two committees that would improve the flow of trade and investment to the country. They are: ‘Doing Business and Competitiveness’ and ‘Investor Care’ committees. Speaking while in...
Some market operators have called on the regulators of the nation’s bourse to expedite action in their efforts to appoint market makers as further delay might negatively affect the much awaited rebound of the equity market. A market maker is a de...
Following liquidity crisis in the nation’s capital market which is negatively impacting on the both production and service sectors of the economy, the Nigerian Stock Exchange (NSE) has said that the upcoming World Economic Forum (WEF) on Africa w...
Trading activities on the floor of the Nigerian Stock Exchange at the close of trading on Friday sustained a bullish rally as investors renewed interest in blue chip companies. Consequently, the NSE All-Share Index appreciated by 358....
The country’s Small and Medium Enterprises (SMEs) like their counterparts in other emerging economies are perceived as a high risk segment of the market for banks when it comes to lending. Unstable macroeconomic policies further make banks to be ...
Mr. Titi Omo-Ettu, the President of the Association of Telecommunications Companies of Nigeria (ATCON), in this interview with CHIMA AKWAJA, proffers suggestions on how to implement broadband regime, the new ICT policy and what government should ...
To ensure rapid development of the state’s economy key sectors, the Ekiti State Government will soon go into partnership with Keystone Bank. Education, health care, industrial development, tourism, women empowerment and agriculture among other se...
Enterprise Bank’s continued relationship with Union Bank UK Plc as an offshore partner is based on the fact that it makes a lot of business sense to deal with an institution with vast understanding of the local business environment, Ahmed Kuru, M...
The Executive Vice Chairman of the Nigerian Communications Commission, Dr. Eugene Juwah spoke to journalists on the recent transformation taking place in the nation’s telecommunication industry. NGOZI OBOH who attended the meeting reports. It is...
The Nigerian Stock Exchange (NSE) indices dropped by 1.1 per cent on Friday as a result of price losses by some blue chips. The News Agency of Nigeria (NAN) reports that the All-Share Index (ASI), which opened at 21,181.41, depreciated by 231.4 p...
The scarcity of aviation fuel also called JET AI which started penultimate week has persisted causing airlines to cancel, delay or reschedule their flights. The scarcity and high price of the product has been a source of concern to airlines and the Nig...