The Nigerian Stock Exchange on Wednesday lifted the suspension it placed on trading in the shares of R.T Briscoe Nigeria Plc. The NSE said it placed a suspension on the shares of R.T Briscoe and 10 other companies for failing to file their financial statements. In a statement signed by the Head, Listings Regulation Department, […]

Fidelity Bank Plc says it has handed over a well-equipped, state-of-the-art kitchen/catering laboratory for the use of students at the Girls Correctional Home, Idi-Araba, Lagos. The bank described the project as a clear demonstration of its unwavering support towards enhancing the lives and wellbeing of under-privileged members of the society. The bank’s Managing Director/Chief Executive […]

Shell Petroleum Development Company of Nigeria Limited has said it has deployed state-of-the-art high definition cameras for quick detection of and response to crude oil spills from its facilities. The oil major said that the cameras would also help in tracking vandalism of the SPDC joint venture assets. The SPDC’s General Manager, Igo Weli, disclosed […]

Investors’ participation in the nation’s stock market has dropped by 29.5 per cent year-on-year, data from the Nigerian Stock Exchange, has shown. The NSE in its monthly market report, said the total transactions executed on the trading floor dropped to N1.32tn in January to August from N1.88tn in the corresponding period of 2018. Foreign transactions […]

Most of the major players in the downstream sector of the nation’s oil and gas sector saw their profits tumble in the first six months of this year, as they lamented that their margins “are eroding”. An analysis of the financial statements of the oil marketing companies listed on the Nigerian Stock Exchange showed that […]

Experts and stakeholders have picked holes in the implementation of the Central Bank of Nigeria’s cashless policy, with the imposition of charges on cash deposits and withdrawals. Some experts, who spoke to our correspondents in separate telephone interviews on Wednesday, said that the charges were unnecessary as they added to the burden that customers already […]

The Central Bank of Nigeria has said currency in circulation moved to N2.02tn in August from N2tn the apex bank reported in July this year. The apex bank data showed N2.24tn in February was the highest currency in circulation this year, while the figure reported in July was the lowest currency in circulation. According to […]

The Nigerian National Petroleum Corporation says the country’s crude oil production is poised for an increased output of 35,000 barrels per day. This is following the resolution of the dispute among Shell Petroleum Development Company, Belema Oil and host communities on OML 25 in Kula Kingdom, Rivers State. NNPC’s Group General Manager, Group Public Affairs, […]

The international oil benchmark, Brent crude, dropped sharply on Tuesday, following Monday’s surge that sent shock waves around the world. Brent, against which Nigeria’s crude oil is price, surged by nearly 20 per cent on Monday after attacks on Saudi Arabia’s oil infrastructure cut more than half of the country’s production. It rose as much […]

The Central Bank of Nigeria on Tuesday said that the nationwide implementation of the cashless policy will begin by March 2020. The apex bank said this in a circular to all Deposit Money Banks in the country. It said that implementation of the policy would signal the imposition of charges on deposits in addition to […]