Access Bank, Diamond Bank shareholders approve merger
The merger is expected to produce the largest banking group in Africa based on its number of customers with more than 29 million customers.
Central Bank of Nigeria blocks forex for textile importation
The restriction starts immediately and affects all forms of textile and garment importation.
NSE: Market indices maintain upward growth, up by 0.95 per cent
The market capitalisation inched N113 billion to close at N11.981 trillion against N11.868 trillion on Friday.
World Bank GEM Project: Group wants EFCC to probe alleged diversion of $35mn
The group accused the minister of diverting funds and engaging in a series of abuses the anti-graft agency should look into as a matter of urgency.
Oil prices rise on trade deal hopes, OPEC supply cuts
Hopes of an end to the trade spat between the two world’s biggest economies added support to a market that has been rallying for the past two months on cuts to production.
Nigeria’s foreign trade volume increases by 39% – NBS
The trade value for 2017 stood at N23.16 trillion.
Court stops computer professional council from forcefully registering members
The judge says the Computer Professionals Registration Council of Nigeria Act (Control and Supervisory Regulation) 2010 did not expect it to be engaging in trivialities.
Nigeria controls $48bn new oil, gas projects in Africa — Baru
Experts see Africa as bright prospects for Africa’s energy industry.
Presidential election result: Nigeria Stock market loses N196 billion
The All-Share Index lost 525.54 points or 1.63 per cent to close at 31,728.70 when compared with 32,244.24 recorded on Wednesday.
Qatar Airways suspends plan for new flights to Africa due to boycott
In 2018 the airline reported a 69-million-dollar loss in the 12 months until the end of March 2018.
Naira appreciates marginally against dollar at parallel market
The Nigerian currency gained N1 to exchange at N358 to the dollar at parallel market.
Dangote sells 23.54 metric tonnes of cement across Africa
The Company says it also dominated the Nigerian cement market in 2018.
How to make poultry products affordable in Nigeria
A poultry farmer advises people to produce feeds for the birds.
FIRS grants 30-day reprieve to wealthy Nigerian tax defaulters
He urged taxpayers to register their companies with their e-mails and telephone numbers.
Oil prices fall as U.S. crude output hits record 12m bpd
America is the only country to ever reach that level of production.
Nigeria orders oil multinationals to pay nearly $20 billion in taxes
Reuters news agency reported Thursday that the move could deter investment in Africa’s largest economy.
Nigeria’s VAT collection rose 8.96% in 2018 fourth quarter — NBS
The manufacturing sector generated the highest amount with N28.82 billion.
NSE: Trading sways southward, down by 0.14 per cent
The All-Share Index lost 45.40 points to close at 32,568.65 compared with 32,614.05 recorded on Wednesday.
Alleged Breach of Contract: UK court ‘grants Nigeria’s request to appeal $6.59bn damages’
The dispute started over a contract signed between the Nigerian government and a company in 2010.
$55 million alleged non-remittance: Agip knows fate April 20
The Nigerian government is accusing the oil company of under-declaring the volume of crude oil it shipped out of the country.
Why European Commission included Nigeria among 23 ‘dirty money’ blacklist
Six African countries are on the new list, namely Libya, Tunisia, Ethiopia, Botswana, Ghana, and Nigeria.