Latest Nigeria Business News
The Nigerian stock market slid by N352bn on Monday, as equities capitalisation dropped to N12.353bn from N12.705bn recorded on Friday. A total of 490.164 million shares worth N5.265bn exchanged hands in 5,558 deals. The NSE ASI dropped to 35,844.00 basis points from 36,864.71 basis points. The equities market commenced the week on a negative note, […]
The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has urged the Dangote Group to expedite work on its crude oil refinery to enable it to come on stream before the end of 2019. Kachikwu stated this on Monday in Lagos during his visit to the site of the Dangote refinery. Earlier, the President/Chief […]
Dangote Cement Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In the financials released on the floor of the Nigerian Stock Exchange indicated that the increase in sales volume showed a growing capture of Pan-African market […]
The Ministry of Finance; Central Bank of Nigeria, CBN; Nigeria Stock Exchange, NSE and other financial institutions have endorsed planned by the National Assembly to demutualize the nation’s capital market. A bill for an Act to facilitate the development of Nigeria’s capital market by enabling the conversion and re-registration of the Nigerian Stock Exchange from a […]
Two Pakistani Nationals and importers of consumables have been apprehended by the Standards Organisation of Nigeria Enforcement team while changing manufacturing and expiry dates of already expired imported Fruit Juice at a Warehouse located on 6, Burma Road, Apapa, Lagos. The cartel allegedly brought in the consignments under false declaration as different products to deceive […]
Activities on the floor of the Nigerian stock exchange has closed for today on a negative note. Today being the first day of trading after the weekend as well as the last day of trading for the most things of July, saw the market closing with a 2.77 per cent loss. The market capitalisation which […]
The Federal Government is set to improve on the experiences of the 2017 Budget preparation process by using the Government Integrated Financial Management Information System (GIFMIS) in preparing the 2018 edition. Mr Ben Akabueze, Director General, Budget Office of the Federation, said this in Abuja at the opening of a three-day training for over 4,250 […]
The Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Dakuku Peterside, has praised the Rivers State chapter of the All Progressives Congress for conducting a rancour-free non-elective congress and electing delegates for the forthcoming party’s national convention. Peterside, in a statement on Sunday by its media team, said the Minister of Transportation, […]
The Ondo State chapter of the Peoples Democratic Party has expelled four members of the Ali Modu Sherif’s faction of the party for allegedly frustrating the reconciliation process going on in the party. Among those expelled was the state chairman of the Sheriff’s faction, Mr. Biyi Poroye. Others, who were sent packing from the party, […]
Three members of the All Progressives Congress, including a lawmaker in the Lagos State House of Assembly, Wasiu Sanni, have urged the Lagos State High Court in Ikeja to expel the party’s National Legal Adviser, Dr. Muiz Banire (SAN), over alleged anti-party activities. Sanni, who is the current Deputy Speaker of the Lagos State House […]