Dangote Petroleum Refinery is sourcing between 30% and 40% of its crude oil from overseas despite Nigeria producing about 1.6...
MTN Group is considering banking licences in selected African markets as the telecommunications giant moves deeper into lending and seeks...
Zenith Bank Plc has outlined strategies to accelerate Nigeria’s non-oil export growth with increased local processing, stronger trade financing and...
The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, traded at N1,400 on...
Fidelity Bank Plc came under renewed selling pressure on Monday after its share price declined 6 percent, making it one...
The Dollar to Naira exchange rate in Nigeria’s black market, also known as the parallel market, remained stable on Tuesday,...
First HoldCo Plc Chairman Olufemi Otedola has continued his aggressive accumulation of shares in the financial services group after a...
Red Star Express Plc rebounded strongly on the Nigerian Exchange (NGX) on Monday, rising 9.86 percent to emerge as the...
The NEWGOLD Exchange Traded Fund (ETF) emerged as the standout performer in the exchange-traded fund segment on Monday after gaining...
Retention of Benchmark Interest Rate Reasonable — Utomi A professor of Political Economy and management expert, Pat Utomi, has said the retention of the Monetary Policy...
CBN to Fine Banks for Paying Counterfeit Banknotes The Central Bank of Nigeria has imposed a penal fee of N1m on each branch of Deposit Money...
Andela Raises Another $100 Million Andela, one of Africa’s leading start-ups, has raised another $100 million in a round led by Generation Investment. Andela, which was...
Venezuela Breaks Diplomatic Ties With U.S. Venezuelan President Nicolas Maduro said Wednesday that the United States had attempted to stage a coup in the country. Venezuelan...
Atiku’s Forex Policy Won’t Work – Emefiele The governor of the Central Bank of Nigeria, Godwin Emefiele, has warned that the suggested foreign exchange policy of...
Polaris Bank: AMCON in Search of Investors The Asset Management Corporation of Nigeria is in search of new management for Polaris Bank, the new commercial bank...
FG Signs $100m Agreement for Warri Port The Federal Government on Tuesday signed a concession agreement with Ocean & Cargo Terminal Services Limited for Terminal B...
CBN Keeps Interest Rate at 14% The Monetary Policy Committee left interest rate unchanged on Tuesday following two consecutive rises in consumer prices and concerns over...
Nigeria’s Production Rises Most Among OPEC in December Nigeria’s crude oil production rose the most among the Organisation of Petroleum Exporting Countries in December. OPEC, in...
Forex Restriction Aids Foreign Reserves – Audu Ogbeh The foreign exchange restriction imposed on 42 items has helped ease pressure on the national foreign reserves, according...
