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5 Abia Lawmakers defect to APC in readiness for APC Mega...

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JANUARY 9, 2018 - Five Members of the Abia State House of Assembly has defected to the All Progressive Congress(APC) from both PDP and...

Nigeria ranked 8th Cheapest place to buy Petrol

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JANUARY 9, 2018 - With a pump price of N145 ($0.40) per litre, Nigeria has been ranked as the eighth cheapest place in the...

Afreximbank taps Islamic finance to support Africa trade

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SYDNEY, JANUARY 9, 2018 - The African Export-Import Bank (Afreximbank) has raised around $260 million via three sharia-compliant facilities to support small- and medium-sized...

Union Bank raises $163 million via share sale to boost buffers

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LAGOS, JANUARY 9, 2018 - Nigeria’s Union Bank has raised 49.7 billion naira ($163 mln)through a rights issued which it said was 120 percent...

Equities hit N14tr amid widespread rally

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LAGOS, JANUARY 9, 2018 - Investors in Nigerian equities pocketed N330 billion in net capital gains yesterday at the Nigerian Stock Exchange (NSE) as...

Dangote Cement, Mobil lift NSE’s indices, as market cap hits N14tr...

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JANUARY 9, 2018 - Investors’ expectations that the rally witnessed in the stock market in 2017 would be sustained this year heightened yesterday, as...

Nigeria’s Foreign reserves rise to $40.4 billion

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ABUJA, JANUARY 9, 2018 - Foreign reserves have hit a three-year high at $40.4 billion, data from the Central Bank of Nigeria (CBN) have...

Subscribers beg NCC to end unsolicited messages

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LAGOS, JANUARY 8, 2018 - The National Association of Telecommunications Subscribers (NATCOMS) on Monday urged the Nigerian Communications Commission (NCC) to address unsolicited text...

Flour Mills to open application for N39.9b rights issue

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LAGOS, JANUARY 8, 2018 - Flour Mills of Nigeria Plc has rounded off pre-offer processes and signed off documentation for its N39.9 billion rights...

NSE begins direct flow of information to stock market

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LAGOS, JANUARY 8, 2018 - The Nigerian Stock Exchange ( NSE ) has launched the auto-flow mechanism in its trading engine. This allows companies...