NSE suspends trading in shares of six Nigerian companies
The NSE also names the six companies and their offence.
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.”
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.
Illicit financial flows include tax evasion, avoidance – FIRS
African governments’ losses from IFFs now stand at $80 billion per annum.
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.”
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.
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.
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.
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.
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.
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.
19 firms line up to acquire Afam power, Yola DISCo
Seven bids received for Afam; 12 for Yola.
FG, states, local govts share N742 billion in August
The figure indicated a N27.04 billion increase when compared to the N714.84 that was shared in July.
Naira depreciates marginally against dollar at investors’ window
The Nigerian currency traded at N364, weaker than N363.72 posted on Tuesday.
NSE: Investors move 172.19m shares worth N2.05 billion
The All-Share Index, which opened at 33,114.44, lost 151.17 basis points to close at 32,963.27.
Port concessionaires invest over N200 billion in 10 years – says Shippers’ Council
The council says investments have exceeded the N50 billion mark planned in the concession agreement.
U.S. has most to lose from trade war, China would benefit – ECB
The ECB estimated U.S. growth would be cut by more than 2 percentage points.
Nigeria risks slipping into another recession, MPC warns, suggests solutions
MPC said external reserves dropped from $45 billion at the end of July 2018 to about $44 billion on September 20, 2018.
MPC retains lending rate at 14% for 13th consecutive time
The committee is also concerned about the rising level of non-performing loans in the banking system.
Untold story of the titanic battle between LADOL, SAMSUNG over local content
LADOL alleges fraud, and violation of Nigerian local content laws