Arik Shareholders React to Planned Takeover of Airline Shareholders of Nigeria’s largest carrier, Arik Air have described as unfortunate the alleged plan by the federal government...
UK Defends £200m Aid Budget for Nigeria The United Kingdom’s Department for International Development has defended its £200m ($258m) aid budget for Nigeria, even as the...
Fitch Affirms Nigeria at ‘B+’, Negative Outlook Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating at ‘B+’ with a negative outlook. Reuters on Thursday...
Power Generation Drops by 248MW in 24 Hours A total of 16 hydro, gas and steam power stations recorded various degrees of reduction in the quantum...
Ethiopian Airlines Moves to Take Over Arik Indications have emerged that Ethiopian Airlines may acquire Arik Air, which is currently being managed by the Asset Management...
Union Bank’s N50bn Rights Issue Receives SEC’s Approval Union Bank has received approvals from the Securities and Exchange Commission to move forward on raising the N50bn...
NSE Suspends Trading on Avon Crowncaps’ Shares The Nigerian Stock Exchange has suspended trading on the shares of Avon Crowncaps & Containers (Nigeria) Plc from August...
Naira to Extend Gain Against Dollar The naira is expected to extend further its gain against the United States dollar owing to weak demand and increased...
NNPC Cooperative Members Lament Fraud, Delayed Loans Some members of the Nigerian National Petroleum Corporation Cooperative Multipurpose Society Limited have expressed dissatisfaction over delay in getting...
NDIC boosts capacity building initiative The Nigeria Deposit Insurance Corporation says 46 members of staff have graduated from the Chartered Banker/Master in Business Administration Programme at...