News Reports

Nigeria Stock Exchange

How businesses fared on Nigeria Stock Exchange last week

The top losers in the market in the week were Jaupul Oil, Fidelity Bank, Unity Bank, African Prudential and Regency Alliance Insurance Plc.


Amidst anti-corruption war, BVN, bank customers reduce across Nigeria

Several reasons were given for the reduction in bank accounts.

PANAMA PAPERS: Law firm, Mossack Fonseca, shuts operation

The law firm says it will shut down its remaining offices by the end of the month.

Fayemi faults lawmakers over Ajaokuta concession

The minister and the lawmakers have been at loggerheads over the status of the moribund factory.

NNPC Headquarters, Abuja

Oil prices jump, Brent hits approximately $70

OPEC and other producers have cut output to reduce a global crude glut.


Transcorp Hotels appoints new chairman

The new chairman has over 27 years experience in banking and finance industry.

AfDB to support Nigeria’s power sector recovery programme

The bank’s support in will be in three areas, namely operational and technical intervention, governance issues and policy

CBN delays monetary policy meeting

The meeting is coming after Senate confirmation of the committee’s new members.

Korea to partner African Development Bank on technology development – Deputy PM

A delegation of AfDB ld by its president in on a tour of South Korea.

AFREXIMBANK, South African firm to invest $1billion to expand trade in Africa

An MoU was signed between the two partners in Cairo, Egypt on Monday.

Nigeria consumer council sets new guidelines to protect e-commerce consumers

The council meets with some e-commerce representatives.

CBN, others brainstorm on new bank customers target

An official says that the North-west is the most ‘financially excluded’ zone with an exclusion rate of 70 per cent.

Samsung Headquarters

Senate probes Samsung’s alleged abuse of Nigeria’s financial policy

A lawmaker laments that Nigeria’s economy “is bleeding”.


FEC approves proposed agreement on African free trade

The AfCFTA is a negotiated rules-based system that sets trade standards.

Nigeria Immigration generates N38.5 billion, $29.9 million in 2017 – Official

The NIS made a total payment of N38.531 billion in the year under review.

Cooking gas price drops by 20 per cent in 2018 – NBS

Adamawa, Yobe and Borno states had the highest average prices for the refilling of a 5kg cylinder.

Nigeria’s Inflation drops to 14.3 per cent – NBS

The NBS reported that the inflation rate slowed for the 13th consecutive month.

Food index price down by 1.33 per cent in February, says NBS

The is the 13th consecutive disinflation since January 2017.

Average prices of petrol, diesel decreased in February 2018 – NBS

Plateau state had the highest average price per litre of petrol in February 2018 at N206.82.


Google to ban Bitcoin, other cryptocurrencies adverts

Facebook had taken a similar decision against cryptocurrencies.

NERC permits new operators to supply meters

The new class of operators in the power sector are called Meter Asset Providers (MAPs).

Patience Oniha

Nigerian govt to auction N70 billion bonds March 21

Nigeria issues sovereign bonds monthly to support the local bond
market, create a benchmark for corporate issuance and fund its budget

Nigerian Senate

Senate backtracks, to consider confirmation of CBN, MPC nominees

The MPC meeting did not hold in January 22 and 23, 2018, as a number of nominated members are yet to be confirmed.

Azura Edo Power Plant

Blackout looms as debts threaten GENCOs’ operations

GENCOs have in recent time raised alarm over liquidity concerns.

Impose 100% excise duty on alcoholic beverages, tobacco, IMF urges Buhari

The global body specifically recommends excise duty imposed at N1,500 per 200 cigarettes