CBN TO ACCELERATE FINANCIAL INCLUSION WITH RURAL BANKS

As part of efforts to promote financial inclusion and enhance access to financial services for low income earners and the unbanked, the Central Bank...

IBETO CEMENT ACQUIRES U.S. OIL FIRM

Ibeto Cement Company Limited has announced its acquisition of Century Petroleum Corporation, a United States (U.S.) publicly traded petroleum exploration and production company. The company...

IMF SEEKS UNIFIED EXCHANGE RATE REGIME

The International Monetary Fund (IMF) has welcomed the stability recorded in Nigeria’s foreign exchange market, just as it urged the Central Bank of Nigeria...

INVESTORS’ WEALTH PLUMMETS BY N6 BILLION ON PROFIT TAKING

Transactions on the equity sector of the Nigerian Stock Exchange (NSE) closed on a downward note Wednesday, following price losses suffered by majority of...

NB, GLOBACOM, DANGOTE GROUP, OTHERS IDENTIFIED AS PIONEERS OF AFRICAN INTEGRATION

Nigerian Breweries, Globacom, Dangote Group, have been identified as part of the six African companies pioneering African integration. Other companies involved in the amalgamation of...

SEC LIFTS OANDO SHARES TECHNICAL SUSPENSION

The shares of Oando Plc rose 10 per cent yesterday on the first full trading day after the Nigerian Stock Exchange (NSE) lifted the...

NIGERIA STOCKS DROP TO 3-MONTH LOW AFTER BUHARI EYES RE-ELECTION

Nigerian stocks dropped to a three-month low after President Muhammadu Buhari said he would seek re-election in 2019, ending months of speculation about his...

NIGERIAN STOCKS IN NEGATIVE PERFORMANCE, RECORDS N150 BILLION LOST

Activities opened on the Nigerian Stock Exchange (NSE) on Monday in the negative as the market capitalisation lost N150 billion and volume depreciated...

SOUTH AFRICAN GLASSMAKER CONSOL EYES STOCK MARKET RETURN

South African glassmaker Consol intends to float on the Johannesburg bourse, it said on Thursday, a deal that could fetch around $2 billion and...

UAC NIGERIA PLANS N20 BILLION BOND SALE FOR REAL ESTATE UNIT

Nigerian conglomerate UAC plans to raise N20 billion ($65.4 million) this year through a bond sale to refinance short-term borrowings at its real estate...