Analysis and Data

Oil rig used to illustrate the story.

How poor disclosure, delayed passage of PIB mar Nigeria’s oil licencing exercise

The integrity and transparency of the exercise continue to generate ripples among stakeholders.

President Muhammadu Buhari signing the agreement establishing the African Continental Free Trade Area (AfCFTA), on behalf of Nigeria

ANALYSIS: How new African trade agreement Buhari signed will impact Nigeria

The Nigerian leader signed the AfCFTA pact on Sunday, after initially declining assent for months.

AIRTEL office used to illustrate the story. [PHOTO CREDIT: Stackpreneur]

SEC approves Airtel Africa’s secondary listing on NSE

The listing of Airtel Africa on the nation’s bourse would now be on July 8.


NSE market indices open July with 1.18 per cent loss

The market capitalisation which opened at N13.206 trillion shed N156 billion to close at N13.050 trillion.

NCC Headquarters used to illustrate the story.

Active telecoms subscribers decreased by 72,782 in April – NCC

The active subscribers decreased from 173,713,842 in March to 173,641,060 in April.


NSE maintain bearish trend despite listing of Ellah Lakes additional shares

The market capitalisation dropped by N40 billion to close at N13.192 trillion against N13.232 trillion achieved on Friday.

Nigeria Stock Exchange

NSE: Market capitalisation sheds N48 billion amid profit taking

The All-Share Index lost 109.94 points to close at 30,322.19 compared with 30,527.01 achieved on Friday.

Google, Amazon, Facebook, others to be affected in international tax reform

The current system is based on the fiction of treating the various affiliates of multinationals as if they were independent of each other.

Nigerian Stock Exchange (NSE)

Eid-el-Fitri: NSE market indices down by 0.45 per cent

The market capitalisation shed N62 billion to close at N13.622 trillion compared with N13.684 trillion achieved on Friday.

Naira Notes

Naira exchanges at N359.4 to dollar at parallel market

The Pound Sterling and the Euro closed at N465 and N404, respectively.

President Muhammadu Buhari [Pix: Daily Post Nigeria]

ANALYSIS: How Buhari failed to solve Nigeria’s energy crisis in his first term

“A significant let down by Mr Buhari is the cold shoulder the President gave the passage of the Petroleum Industry Governance Bill.”

Dollar and Naira bills [Photo credit: NairaFX]

Naira sells at N360.72 to dollar at investors’ window

The naira closed at N306.9 to the dollar at the official CBN window.

Babatunde Fowler, FIRS Chairman

FIRS to impose VAT on online transactions, says Fowler

FIRS says it hopes to generate between N750 billion and N1 trillion from the clampdown on those who failed to embrace the government’s amnesty.


Why Jumia listed on NYSE – CEO

The company also denied allegations of fraud levelled against it.


Bears persist on NSE, indices down by 0.22 per cent

The market capitalisation closed lower at N10.678 trillion against N10.701 trillion recorded on Monday.


NSE: Market capitalisation opens the week with N6 billion loss

The All-Share Index which opened at 29,212.00 lost 15.13 points or 0.05 per cent to close at 29,196.87.

Dollar Bills

CBN injects $271.83million, CNY41.14million in retail FOREX market

Wholesale, SMEs, Invisibles get $205 million.

Nigeria Stock Exchange

NSE market indices down by 0.22 per cent ahead of Easter holidays

Investors’ wealth reduced by N24 billion as market capitalisation closed lower at N11.079 trillion against N11.103 trillion recorded on Friday.

Nigeria Stock Exchange

Stock Exchange reopens on downward trend

The market capitalisation, which opened at N11.672 trillion, lost N34 billion to close at N11.638 trillion.

Central bank of Nigeria (CBN)

CBN slashes lending rate

The decision was reached at the monetary policy committee meeting of the CBN on Tuesday.

Oil rig used to illustrate the story.

Oil prices rise amid supply cuts

Brent crude oil futures were at 67.48 dollars per barrel at 0747 GMT, up 27 cents, or 0.4 per cent, from their last close.

L-R: Minister of Trade and Industry of Rwanda, Soraya Hakuziyaremye; Globacom’s Executive Vice Chairman, Mrs Bella Disu; Ethiopian President, Sahle-Work Zewde, Togolese President,Faure Gnassingbé; and President of Africa CEO Forum, Amir Ben Yahmed, at the 2019 Africa CEO Forum in Kigali, Rwanda, on Monday.

Africa CEO Forum: Rwanda’s Kagame, Nigeria’s Disu call for collaboration on digitalization of Africa

Organisers describe the annual Africa CEO Forum as the foremost international meeting for African CEOs and investors. The gathering, now in its seventh edition, is holding between 25 and 26 March 2019 in Kigali, Rwanda.


Stock Exchange: Market capitalisation dips by N36 billion

The market capitalisation closed lower at N11.576 trillion from the N11.612 trillion recorded on Friday.

Tony Elumelu

UBA hinges future performance on cost efficiency, improved asset quality

UBA says it is a unique pan-African franchise with diversified risk and earnings across fast growing African economies.

Nigeria Stock Exchange

Mixed earnings: Stock Exchange indicators maintain negative outlook

The market capitalisation nosedive by N120 billion to close at N11.677 trillion against N11.797 trillion on Monday.