28 C
Lagos, Nigeria
Tuesday, February 20, 2018

UBA, Transcorp Top Stocks Market Volume In 2017

Transnational Corporation of Nigeria (Transcorp) and United Bank of Africa (UBA) topped the Nigerian stocks market total volume transactions in the year 2017. Analysis on...

My ministry got N31bn of N192bn budget in 2017 – Amaechi

The Federal Government said on Monday that it had implemented 16.55 per cent of the capital component of the 2017 budget of Ministry of...

FG has released N1.2trn for capital vote –Adeosun

The Minister of Finance, Mrs Kemi Adeosun, has disclosed that funds so far released by the Federal Government for capital projects in the current fiscal...

Ambode Inherited N468.471bn External Debt – LASG

The Administration of Governor Akinwunmi Ambode inherited external debt profile of N468.471 billion, says Lagos State Commissioner for Finance, Akinyemi Ashade. Ashade, who was giving...

Tin Can Customs Generate N262.3bn In 11 Months

The Tin Can Island Command of the Nigeria Customs Service (NCS) said it generated N262.3 billion revenue between January and November. Mr Uche Ejesieme, the...

As CBN settles matured obligation, external reserves dip by $67m

Nigeria’s external reserves dropped to $30.298 billion as at March 30, 2017 following settlement of matured obligations, mainly foreign exchange (FX) forwards, by the...

Inflation rate drops for the first time in 15 months

For the first time in 15 months, the Consumer Price Index (CPI), which measures the rate of inflation, dropped to 17.78 per cent (year-on-year)...

Analysts expect forex to slip as CBN injects another $221m

As part of efforts to sustain its defense of the naira, the Central Bank of Nigeria (CBN) on Thursday sold $221,371,218.04 to banks in...

Standard Bank Group appoints Sola David-Borha CEO, Rest of Africa

Sola David-Borha has been appointed as Chief Executive, Africa, Standard Bank Group. She has resigned her position as Chief Executive of Stanbic IBTC Holdings PLC,...

N30b unclaimed dividend paid to investors

Investors get N30b unclaimed dividends as SEC extends free registration period Over N30 Billion has so far been paid to investors in the Nigerian capital...

$300m diaspora bond out in March-Adeosun

The Minister of Finance, Mrs Kemi Adeosun, yesterday said the $300 million Diaspora bond approved by the National Assembly would be rolled out in...

Nigerians Vent Frustrations On President Buhari as Costs Soar

With Christmas just weeks away, Dolapo Beckley was among a throng of shoppers haggling at a market in Nigeria's commercial capital Lagos, where the...

FEC approves executors for $1bn Euro bond

…Gazettes board of trustees to  manage Ogoni cleanup funds From Juliana Taiwo-Obalonye and Uche Usim, Abuja The Federal Executive Council (FEC) has approved the appointments of transaction...

Court bans Zuckerberg, Gates-backed schools

Uganda’s High Court on Friday ordered the closure of a chain of low-cost private schools backed by Microsoft and Facebook founders Bill Gates and...

Dollar rises on US rate bets, Asia markets struggle

The dollar rose in Asia Tuesday as the chances of an interest rate hike were further boosted, while most stock markets recovered from early...

Nigeria spends N1trn on 4 food imports annually – FG

Massive importation of food, especially, rice, wheat, sugar and fish, has continued to bleed the nation’s economy, with the four items accounting for a whopping...

MTN sets for listing on NSE

MTN Nigeria said it would take immediate steps to ensure the listing of its shares on The Nigerian Stock Exchange (NSE) as "soon as...

CBN finally free naira, Interbank forex to be determined by market forces

Following the pressure mounted by the financial markets and analysts on the Central Bank of Nigeria (CBN) to allow the naira to be truly...

Concerns over Nigerian banks drag Atlas Mara shares to record low

Shares in Atlas Mara, a company founded by ex-Barclays chief executive Bob Diamond to buy African banks, fell to a record low on Wednesday...

N760bn injected into stock market in three days by investors

The unveiling of the new foreign exchange guidelines for the country by the Central Bank of Nigeria has prompted stock investors to pump huge...