Latest Nigeria Business News
The Securities and Exchange Commission (SEC) on Wednesday said financial innovation vital for the conception and delivery of a dynamic industrial society. Its Acting Director-General, Ms. Mary Uduk, who spoke at the opening ceremony of a two-day international capital market conference in Lagos, also stressed the need to continuously embrace innovation in market operations and […]
Access Bank has released its first earnings report after its merger with Diamond Bank, showing 62 per cent growth in profit before tax in the first six months of this year. The board has approved payment of N8.89 billion as interim dividend to shareholders, equivalent 25kobo per share. Key extracts of the audited report and […]
The Central Bank of Nigeria has urged financial technology companies, payment service providers and deposit money banks to maintain standards as they offer payment solutions to their customers. The Director, Payment Systems Management Department, CBN, Mr Samuel Okojere, spoke in Lagos during the corporate launch of Xpress Payment Solutions Limited, according to a statement. Okojere, […]
Power distribution companies often reject about 90 per cent of the quantum of energy that is allocated to them whenever there is rainfall in their areas of operation; data obtained from the Transmission Company of Nigeria have shown. It was also observed that most Discos hardly take the electricity load allocated to them in the […]
The nation’s stock market witnessed a rebound on Wednesday as investors gained N51.5bn on the back of price appreciation in May and Baker Nigeria Plc and 18 other stocks. At the end of trading on the floor of the Nigerian Stock Exchange on Wednesday, the market capitalisation of equities increased from N13.158tn to N13.209tn. The […]
The Secretary-General of the Organisation of the Petroleum Exporting Countries, Mohammed Barkindo, has commended the Nigerian National Petroleum Corporation for its ongoing reforms aimed at changing the fortunes of the corporation. Barkindo commended the national oil firm after inspecting its pavilion at the ongoing 24th World Energy Congress in Abu Dhabi, United Arab Emirates. The […]
The News Agency of Nigeria reports that the growth is due to bargain hunting by investors on some middle and large capitalised equities. Specifically, the All Share Index rose by 105.95 or 0.39 per cent to close at 27,153.53, against 27,047.58 recorded on Tuesday. Also, the market capitalisation inched up by N52 billion or 0.39 per cent […]
The First batch of 84 Nigerians evacuated from South Africa is expected to arrive in Nigeria on Wednesday at 2.pm local time via the Murtala Mohammed International Lagos in company of officials of the Ministry of Foreign Affairs. The Ministry of Foreign Affairs, which disclosed this in an update made available to newsmen in Abuja […]
The PEPC has acceded to the request by President Muhamadu Buari for the striking out of a witness statement written by former Aviation Minister, Osita Chidoka, in support of the petition by Atiku Abubakar and the PDP. Chidoka served as the National Collation Officer of the PDP during the last presidential election and testified as […]
The return of Nigerians trapped in xenophobic attacks in South Africa has been delayed for over five hours on account of Immigration hurdles posed by South African government, Chairman Nigerian Diaspora Commission, Mrs Abike Dabiri – Erewa , has disclosed. Speaking in an interview at the cargo wing of the Lagos International airport, she said […]