MTN, other stocks lift market capitalisation by N196bn gain
Renewed demand for MTN Nigeria, alongside Zenith Bank and FBN Holdings, among other leading stocks, on Tuesday, pulled the Nigerian Exchange Ltd.(NGX) market capitalisation up […]
BUSINESS
Naira rebounds, gains N28.15 against dollar
The Naira on Tuesday closed the month of April on a good footing as it gained N28.15 at the official market, trading at N1,390.96 […]
2024 Q1: MTN hits 78m subscribers, up 1.3%
MTN Nigeria says its total subscribers increased by 1.3 per cent to 77.7 million, as at March 31, 2024, from 76.7 million recorded in […]
Sugar: Dangote targets 700,000MT domestic production by 2029
Chairman, Dangote Sugar Refinery Plc, Alhaji Aliko Dangote, has unveiled the company’s target of producing 700,000 metric tonnes of refined sugar in the next […]
Fuel queues will be cleared by May 1, says NNPCL
The Nigerian National Petroleum Company Ltd. has assured Nigerians that the ongoing fuel scarcity and queues will be cleared out Wednesday, May 1. Chief […]
BIRS to commence collection of presumptive tax from operators in informal sector
By TYAV SAM TYAV, Makurdi Determined to improve its revenue profile, the Benue State Internal Revenue Service (BIRS), is now set to commence the […]
NUPRC opens bid for 17 marginal oil fields – Komolafe
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said it has begun the conduct of fresh bid round for marginal oil fields in Nigeria. […]
Divestments: Shell assets estimated at 4.96 billion barrels oil reserve – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said the Shell Petroleum Development Company of Nigeria Limited (SPDC) assets being considered for divestments have […]
Naira slides by 6% against dollar at official market
The Naira on Monday further depreciated at the official market, trading at N1,419.11 to the dollar. Data from the official trading platform of the […]
Transcorp Hotels’ expansion plans boost investor confidence; reports N42bn revenue in 2023
Transcorp Hotels Plc (“Company”), the hospitality subsidiary of one of Africa’s leading, listed companies, Transnational Corporation Plc (Transcorp Group, Monday April 29, 2024 held […]
Investment: Tinubu woos Samsung with conducive environment
President Bola Tinubu has assured Samsung group and other genuine investors of a conducive business environment in Nigeria’s economic sector. The President said this […]
Nigeria secures $600m Danish shipping seaport infrastructure investment
President Bola Tinubu has secured a 600 million U.S. dollar Danish shipping and logistics company, A.P Moller-Maersk, investment for Nigeria’s seaport infrastructure. This investment […]
Prices of foodstuff drop in Adamawa, Borno, Yobe
Prices of some foodstuffs have recorded a drop in Adamawa, Borno and Yobe states. A survey of the prices conducted by NAN in some […]
How Uganda’s fight against cattle raiders is dividing Karamoja people
By SAMUEL MEYERSON – A four-year outbreak of violent raids for livestock in the Karamoja region of north-eastern Uganda, is finally subsiding – the result […]
Indomie clears air on price reduction in spite inflation
The recent drop in the cost of indomie noodles is due to noticeable improvement in the country’s economy in recent times and not linked […]
Investors on Nigerian bourse lose N784bn
Over the course of the week, investors on the Nigerian Exchange Ltd. (NGX) equities market lost a total of N784 billion, week-on-week. Specifically, the […]
NCP approves recommendations to reposition BOA
By DAVID IORJA, Abuja – The National Council on Privatisation (NCP) has given its nod to the recommendations aimed at repositioning the Bank of […]
Food prices rise in March 2024 – NBS
The National Bureau of Statistics (NBS) says prices of beef, rice, beans, white garri, yam, and other food items increased in March 2024. The […]
ABCON warns against Naira speculation, vows unified market
The Association of Bureau De Change Operators of Nigeria (ABCON) has warned economic saboteurs speculating and hoarding the Naira to desist from such act. […]
Investors lose N9bn on profit-taking in stock market
The equities market declined on Friday, with profit-taking in stocks such as Zenith Bank, Guaranty Trust Holding Company (GTCO), Wema Bank, Nigerian Breweries, and […]