Latest Nigeria Business News
The nation’s stock market shed a further N15bn on Thursday as losses in stocks, led by Ecobank Transnational Incorporated, dragged the market lower. The market capitalisation of equities listed on the Nigerian Stock Exchange dropped from N13.198tn on Wednesday to N13.153tn on Thursday. The All-Share Index declined by 0.11 per cent to 27,052.93 basis points […]
The Securities and Exchange Commission has announced that the second Capital Market Committee meeting in 2019 has been scheduled to hold in Lagos next week. SEC said in a statement that while the key stakeholders in the capital market would meet on August 22, members of the media would be briefed on August 23 on […]
BANKS are in a race to beat the September 30 deadline given by Central Bank of Nigeria (CBN) to implement the 60 per cent minimum Loan to Deposit Ratio (LDR) policy. They are scrambling for credible borrowers, The Nation learnt on Thursday. The apex bank had mandated banks to give out 60 per cent of […]
THE House of Representatives on Thursday summoned the Group Managing Director, Nigeria National Petroleum Corporation (NNPC), Mele Kolo Kyari, Director-General, Department of the State Security Service (DSS),Yusuf Bichi, the Governor of the Central Bank of Nigeria, Godwin Emefiele and the Comptroller-General, Nigeria Customs Service (NCS), Col Ali Hameed (rtd). According to the lawmakers, they are […]
FIFTEEEN ships conveying petroleum products and other commodities have berthed at Apapa and Tin-Can Island ports in Lagos, the Nigerian Ports Authority (NPA) has said. Excerpts from the NPA daily publication, Shipping Position, a copy of which was sighted yesterday in Lagos revealed that the vessels were waiting to berth with their consignments at the […]
Polaris Bank says it has introduced a quick credit solution called Polaris Salary Advance that requires no collateral to access. A statement from the bank said this was in line with its commitment to creating innovative financial solutions. It stated, “Polaris Salary Advance is a customer-led product that enables employees to get up to 50 […]
Crude oil prices tumbled further in early trading on Thursday, after a brief stabilisation overnight crumbled under a new wave of recession fears. The international oil benchmark, Brent crude, was down $1.09 or 1.8 per cent to $58.39 per barrel, according to Investing.com. By 8:45 AM ET (1245 GMT), the US West Texas Intermediate, had […]
Thirteen persons have been rescued and two are still missing in a boat accident that occurred at Irewe in Ojo on Tuesday night, the Lagos State Emergency Management Agency (LASEMA) said yesterday. The accident, which occurred around 6:30pm after a collision between two speedboats, left three passengers dead. According to reports, one of the boats […]
POLICE in Yobe State have confirmed the arrest of one Sunday Japhet, who has criticised President Muhammadu Buhari and Vice President Yemi Osinbajo and Inspector General of Police (IGP) as evil men, who are leading the country. Inspector Japhet, a Mobile Policeman had on August 9, taken to his Facebook page to attack Buhari’s government […]
Over 40 million Nigerians are denied access to telecommunication services due to the inability of tele communication firms to spread their services to rural areas, Executive Vice Chairman of Nigeria Communication Commission (NCC), Prof. Umar Garba Dambatta, has stated. Dambatta canvassed the need of a new techno-paradigm shift in the communication sector to find solution […]