Analysis and Data

L-R Non Executive Director, Mr. Bismarck Rewane; Vice-Chairman and President, Diageo Africa, Mr John O’Keffe; Company Secretary, Mr. Rotimi Odusola; Chairman, Mr. Babatunde Savage, all of Guinness Nigeria Plc at the Extra Ordinary General Meeting of the company which held at the Oriental Hotel, Lagos on Tuesday

After recording N2 billion loss, Guinness Nigeria to offer N40 billion Rights issue

In 2015, Guiness Nigeria posted a Profit After Tax of N7.7 billion.


2016: Difficult year for Nigeria’s capital market

The total transactions at the nation’s bourse decreased significantly by 32.44 per cent.

NNPC-Towers (1)

Nigeria’s state-oil firm, NNPC, lost N418.97 billion in 21 months – Report

Nigeria’s crude oil production dropped by about 27.2 per cent between January 2015 and September 2016.

Naira Notes

Naira stabilises at N485 per dollar at parallel market

The Pound Sterling and the Euro closed at N602 and N515, respectively.

Dollar and Naira bills [Photo credit: NairaFX]

Naira defies recovery efforts, falls to 485 per dollar

As the holidays approach, the naira is fast losing strength.


Nigeria, others lost $16.3 trillion in 32 years to financial leakages, trade mis-invoicing – Report

The report captured details between 1980 and 2012.

Photo credit: Bloomberg

Oil hits $55.33 high in buying rush after OPEC agreement

Brent crude rose to hit 55.33 dollars, its highest since July 2015.

Nigerian Stock Exchange Trading floor [Photo:]

Nigerian stock market appreciates marginally by 0.01 per cent

The market capitalisation, which opened at N8.855 trillion, rose by one billion or 0.01 per cent to close at N8.856 trillion.

Dollar and Naira bills [Photo credit: NairaFX]

Naira appreciates marginally at interbank market

The Naira continued to nosedive at the parallel market, closing at N480 to a dollar.

Photo credit: Bloomberg

OPEC 1.2 million barrel oil cut to commence January

The resolution was taken at the 171st meeting of the group held in Vienna, Austria.


Why we proposed, then reversed plans to hike data price – NCC

The NCC said it took the decision to set a minimum pricing template to encourage small operators and new entrants.


ANALYSIS: Niger Delta bomb attacks: The search for motives

Whatever the motive, the Niger Delta will, in the end, turn out to be the major victim for a future compromised.


Manufacturers, Nigerian students abroad, others get $867 million Forex – CBN

Raw materials sector received the highest allotment, getting access to foreign exchange valued at $355.7 million.

Dollar and Naira bills [Photo credit: NairaFX]

Naira gains against dollar at interbank market

The rate remains volatile at the parallel market amid government clampdown.


Nigerian Stock Exchange: All-share Index, Market Capitalisation dip Monday

Mobil Oil topped the losers’ chart with a loss of N4.99 to close at N190.01 per share.

Minister of Finance, Kemi Adeosun

Finance Ministry moves to recover N450 billion unremitted operating surpluses from MDAs

The ministry said preliminary findings by the committee have shown huge under-remittance of over N450 billion between 2010 and 2015.


Nigeria Stock Exchange All-Share Index, market capitalisation drop

Forte Oil led with a loss of N10.18 to close at N94.32 per share.

Bureau De Change

To force exchange rate down, Nigeria clamps down on money changers

Dozens of money changers have since Wednesday been arrested by officials of the State Security Service, SSS, in Lagos and Abuja.


‘Why Nigerians now prefer to keep money at home instead of in banks’

A bank customer says she prefers to keep her money at home to escape banks’ ever increasing charges.

NNPC-Towers (1)

NNPC denies plans to further hike fuel price

NNPC had raised its price from N141 to N145 per litre of petrol.

FILE PHOTO: Thousands of young Nigerians jostled for 11 job positions in UNTH Enugu, South East Nigeria

700,000 Nigerians apply for 500 FIRS jobs

Among the applicants were 2,000 graduates who had first class.

Bureau De Change

Naira stabilises at N304.75/$ at interbank market

A expert said speculators take advantage of the movement of the naira to manipulate the market.


‘How cloud accounting software can help small, medium businesses’

One benefit of online accounting software is access to financial information wherever you are.

Oando Service Station 2

Oando posts N35.9 billion post-tax loss, 26 per cent revenue increase

he loss after tax, which stood at about N47.6 billion last year decreased by 25 per cent.

Naira notes

Naira records marginal appreciation against dollar

The currency exchanged at N468 to the dollar as against N470 it traded on Friday.