NAICOM dissociates itself from trending Ponzi scheme, warns Nigerians

The scheme promises to double donations in less than 25 minutes.


NSE market capitalisation extends loss by N12 billion

The All-Share Index, which opened at 32,417.70, lost 35.12 points or 0.11 per cent to close at 32,382.58.

International Monetary Fund (IMF)

IMF reviews Nigeria’s growth projection downwards

The IMF also projected Nigeria’s inflation rate to rise to an average of 13.5 per cent in 2019.

Oil rig

PIB: How Nigeria can avoid Venezuela’s experience

The long delay in the passage of the PIB is setting Nigeria on the highway to replicating Venezuela’s oily crisis that is well documented says Business Editor, Bassey Udo in this analysis.

Ahmed Kuru, Managing Director, Asset Management Corporation of Nigeria (AMCON)

Why airline businesses fail in Nigeria – AMCON chief

Airlines need stiffer regulations to succeed, he said.


NSE market indicators drop marginally by 0.08%

The All-Share Index dipped by 27.26 points to close at 32,417.70 compared with 32,444.96 achieved on Monday.

Rice paddy, Jega

RIFAN urges farmers in Katsina to repay ABP loans

No fewer than 56,000 farmers in 36 local government areas of Katsina State secured the ABP loans.

Central bank of Nigeria (CBN)

CBN liquidates another bank over liquidity problem

“The bank was closed because the shareholders of the bank have been unable to recapitalise it.”

Dangote Cement targets 2019 for listing on London Stock Exchange

The company’s president, Aliko Dangote made this known in London on Monday.


How courts can help AMCON recover N5.4 trillion debts – Onnoghen, Bulkachuwa

“AMCON currently has over 3,000 cases pending at the Federal High Court.”


Insurance stocks top losers’ table in September

Universal Insurance emerged the worst performing stock for the month.


NSE suspends trading in shares of six Nigerian companies

The NSE also names the six companies and their offence.

NDIC building

Non-performing Loans: Finance Minister wants bank chiefs, directors investigated, prosecuted

“The spate of non-performing loans in the banking industry has become very worrisome.”

Nigerian Stock Exchange Trading floor [Photo:]

NSE market indices dip further by 0.12% amid price losses

The All-Share Index, which opened at 32,423.57 lost 40.42 points to close lower at 32,383.15 amid price losses.

FIRS Headquarters

Illicit financial flows include tax evasion, avoidance – FIRS

African governments’ losses from IFFs now stand at $80 billion per annum.

Ibe Kachikwu Minister of State for Petroleum Photo:

All refineries to be fully functional before 2019 ending – Kachukwu

“It would be sad if by the end of 2019 we are still importing fuel from abroad.”

Babatunde Fowler, FIRS Chairman

FIRS recovers N3.63 billion from Illicit Financial Flows

The Service says it uncovered 114 companies that claimed they were not aware of lands allocated to them in Abuja.


NSE: Investors move 151.346 million shares worth N1.51billion

The All-Share Index, which opened at 32,454.03, lost 30.46 basis points to close at 32,423.57.

The World Bank

World Bank forecasts 2.7% growth for sub-Saharan Africa in 2018

The World Bank’s 2018 projection represents a slight increase from 2.3 per cent in 2017.

Nigeria Labour Congress (NLC)

ANALYSIS: Intrigues involved in new minimum wage for Nigerian workers

Economic experts weigh in on the unending battle over the years to arrive at a living wage for Nigerian workers.

Nigeria Stock Exchange

NSE transactions reopen on bearish trend

The All-Share depreciated by 54.72 points to close at 32,711.65 against the 32,766.37 achieved on Friday.

Oil barge used to illustrate the story. [Photo credit: Myanmar Business Today]

Oil races toward $85 as Iran sanctions loom

With oil prices soaring, there are concerns over their inflationary effect on demand growth.

Benedict Peters

Aiteo Founder, Benedict Peters, Wins Forbes Oil & Gas Leader of the Year Award, 2018

Aiteo says it is currently the highest producing indigenous oil E&P company in Nigeria.

Tanker used to illustrate the story.

Oil marketers demand payment of N650 billion debt from FG

The marketers say the inability of federal government to pay the debt has resulted in massive job losses in the oil and gas industry.

Nigerian Stock Exchange Trading floor [Photo:]

NSE: Trading close on bearish trend, market indicators drop 0.61%

Nestle led the price losers’ table with a loss of N62.50 to close at N1, 432. 50 per share.