Foreign Reserves Rose By $554.7m In July – CBN
The Central Bank of Nigeria (CBN) has disclosed that foreign reserves appreciated by $554.7 million or 1.8 per cent in…
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TSA: FG Discontinues $793.2m Suit Against 7 Commercial Banks
The federal government yesterday filed a notice of discontinuance of the suit it filed against seven commercial banks seeking the…
Total To Boost Nigeria’s Oil Output By 200,000 bpd Next Year
Total oil yesterday said that it would boost Nigeria’s daily oil production by 200,000 barrels from 2018. Managing director of…
Annuity Funds Hit N170bn As 9 Insurers Resume Business
Annuity Funds have risen to N170 billion from about N145 billion it recorded in June 2016, with over 34,312 annuitants…
Dangote Cement Trades 418m Shares As Stock Market Rebounds With 2.43%
Dangote Cement Plc traded 417.76 million shares yesterday as the Nigerian stock market rebounded with a gain of 2.43 per…
Zenith Bank, 2 Others Emerge Best Performing Stocks In July
Zenith Bank Plc, Ecobank Transactional Incorporated Plc, and Guaranty Trust Bank Plc (GTBank) lead 13 others to emerge as best…
Oando Declares N4.6bn PAT In H1 2017
Oando Plc said it has achieved a profit- after- tax of N4.6 billion in its half year result for the…
Oil price hits $50 per barrel
Barely a few hours after the Joint OPEC-Non-OPEC Ministerial Monitoring Committee, JMMC, met in St. Petersburg, Russia, for its fourth…
Citing Economic Headwinds, CBN Holds Interest Rate At 14%
The Central Bank of Nigeria (CBN) yesterday retained the nation’s monetary interest rate at 14 per cent, citing headwinds confronting…
Nigeria Losing N8trn Annually From Gold Alone – RMAFC
Acting chairman of the Revenue Mobilisation and Fiscal Commission, Shettima Umar Abba-Gana has said it is estimated that Nigeria is…