Analysis and Data

Nigeria’s internet users are 94 million in August – NCC

561,000 users dumped MTN in August.


Naira firms against dollar

The currency gained 9.97 points to exchange at N310.24 from N320.21 it recorded on Tuesday.

A Bureau De Change, BDCs, operator

Naira suffers severe loss in all market segments

The naira also closed at N445, N559 and N484 to the dollar, Pound Sterling and the Euro at the parallel market.


Naira strengthens against dollar

At the parallel market, the Nigerian currency gained one point to exchange at N435.

Naira soars at inter-bank market

At the Bureau De Change segment of the market, the naira exchanged at N407, N520 and N450 against N407, N525 and N450 it posted on Thursday.


Banks’ sanction deals heavy blow on Naira, dips further against dollar

Dollar exchanged for about N400.

Lagos tax agency seals Protea Hotel over failure to remit N11m tax proceeds

The hotel owners say they will sue LIRS for the embarrassment.

Text message phone

Nigeria’s inactive telephone lines increase to 67 million

Of the 217,150,404 connected lines, only 149,818,906 numbers were active.


Naira suffers further loss against dollar

Traders at the market are hope the naira will rebound in the coming weeks.


Naira dips against dollar

Traders at the market said that the demand for the greenback was still on the high side.

Why kerosene sells for N200 per litre — NUPENG

NUPENG says at present, NNPC was the only importer of kerosene and is using private depots to sell the product.

Naira extends depreciation at parallel market

The Nigerian currency exchanged at N380 to the dollar, from the N378 it traded on Friday.

South Africa’s petrol price to drop by 7.4% in August

The price of wholesale diesel will also go down by 6.3 per cent, the government says


Naira in stability contest against dollar

The naira also depreciated further at the official interbank rate as it exchanged at N330.12 to the dollar.

Naira stable against dollar as CBN meets over economy

The CBN had on July 22 issued circular mandating DMBs to sell foreign currency proceeds from international money transfers to BDCs.

Tony Attah takes over from Omotowa as NLNG MD  

Mr. Attah was Managing Director of Shell Nigeria Exploration and Production Company.

Skye Bank shares drop further by 8.42%

A breakdown of the activity chart on the Exchange showed that investors sold 21.59 million shares of Skye Bank valued at N18.79 million.

Total Health Trust wins 2016 Nigeria Health Care Awards

The annual Nigeria Healthcare Excellence Awards are designed to recognise recognize the rapid growth of the healthcare sector .

19 northern Nigerian states set to establish new bank

The NNDC says it has already put modalities in place to realize the plan.


NSE market indices drop further by 2.72%, amid pressure on investors

Traded shares volume closed higher with an exchange of 352.29 million shares valued at N3.85 billion transacted in 5,024 deals.

Dr. Dakuku Peterside, NIMASA Boss

NIMASA to undergo major reforms – Dakuku Peterside

Mr. Peterside says the agency under his leadership will change the narrative from the negative perception of corruption, inefficiency and abandonment of its core mandate.

EFCC re-arraigns Fred Ajudua for alleged $1m Scam

Mr. Ajudua allegedly defrauded General Bamaiyi

Diamond Bank Headquarters Photo: Business News

Diamond Bank declares N217 billion gross earnings in 2015

The bank’s profit before tax dropped to N7.1 billion from N28.10 billion in 2014, a decrease of 74.8 per cent.


NSE market capitalisation rebounds by N20 billion

All-Share Index rose by 58.76 points to close at 24,823.86​.​

ANALYSIS: The immediate task before reconstituted NEITI board

Nigeria faces the sanctions from global EITI.