Rising inflation is making equities market unattractive to investors, especially at a time when the bearish run on the floor has remained unabated, Uthman Salami writes Nigeria’s equity market, in recent times, has been in the eye of the storm. At the beginning of the year, equity market was on a bullish run. But things have […]

The Airline Operators of Nigeria has expressed displeasure at the numerous issues in the aviation industry, saying that the Federal Airports Authority of Nigeria is responsible for the flight delays and cancellations. They said the inadequacy of critical infrastructure at the airport was responsible for the numerous flight delays in the country. This was disclosed […]

Amid the global economic downturn and difficulties in the local economy, Nigerians have turned to Konga Yakata as a fitting avenue to shop at affordable prices without breaking the bank this season. A statement issued by the e-commerce platform, Konga said that its Konga Yakata, Black Friday sale, was regarded as the biggest sale of […]

Oil marketers, on Thursday, issued a stern warning to the public, asking them to expect to buy petrol at ‘any price’. Marketers, under the aegis of the Independent Petroleum Marketers Association of Nigeria,  that the Nigerian National Petroleum Company Limited refused to give its members products, and that they bought at N205 from third parties. […]

Nigeria’s excess crude account has declined by 89 per cent in the last eight years, moving from $4.1bn in November 2014 to $472,513 in the same period of 2022. According to a statement by the Ministry of Finance, Budget and National Planning, which was seen on Wednesday, the ECA’s balance as at November 23, 2022, […]

The Governor, Central Bank of Nigeria, Dr. Godwin Emefiele, will address stakeholders on economic and financial markets development on the economic outlook for the coming year. A statement said Emefiele would speak at the Annual Banker’s dinner of the Chartered Institute of Bankers of Nigeria which would hold in Lagos The event is themed ‘The […]

The Governor of the Central Bank of Nigeria, Godwin Emefiele has said that it would work with law enforcement agencies like the Economic and Financial Crimes Commission and the Independent Corrupt Practices and Other Related Offences Commission, to complicate and track large withdrawals. He said this while briefing the press after the launch the new Naira […]

Dangote Sugar refinery plc has said that it is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master Plan. President, the Dangote Group, Aliko Dangote, announced this while speaking at the flag off ceremony of the 2022/2023 Crushing Season and Outgrower Scheme Awards in Numan, Adamawa […]

Long queues surfaced in Lagos on Tuesday as motorists spent hours at filling stations while waiting to buy the product. The situation was worse in Ikosi-Ketu, Arepo area of New Lagos, Obalende, Maryland and Iju-shaga in Lagos State. Commuters lamented the hike in prices of transportation fares in the state on Monday and Tuesday, as […]

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has announced that the President, Major General Muhammadu Buhari, will unveil the new naira notes during the weekly Federal Executive Council at the Presidential Villa on Wednesday. He also said the new notes would go into circulation before the December 15, 2022 date earlier stated […]