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Business
SEC approves take over of 10m shares of Ensure Insurance
A wholly owned subsidiary of Allianz SE, Societe Fonciere Europeenne B.V., has been given the approval to fully acquire 10 million…
FG reduces cost of business registration to N5,000
The amount charged by the Corporate Affairs Commission (CAC) to register a business in Nigeria has now been reduced from N10,000…
NSE listing: MTN likely to scrap Nigerian IPO after CBN, FG fines
The management of MTN Group Limited is considering cancelling its much-awaited listing on the Nigerian Stock Exchange (NSE) via an…
CBN Manufacturing Index Growth Rate Slows in September
The Central Bank of Nigeria (CBN) has released its Manufacturing Purchasing Manager’s Index (PMI) for the month of September.…
NNPC declares N18bn Trading Surplus in May, supplies 1.2b litres of fuel
A trading surplus of N18.12 billion was achieved for the month of May 2018 by the Nigerian National Petroleum Corporation (NNPC),…
Textile workers join nationwide strike by NLC
Despite the depressed state of the textile industry, workers in Chellco Kaduna, Lagos and other factories on Thursday joined…
FG, States, LGs share N741.84b revenue in August
The federal, states and local governments on Wednesday shared a total of N741.84 billion revenue in August. The revenue generated…
CBN to revoke operating licences of 154 microfinance banks, 28 others
The Central Bank of Nigeria(CBN) on Wednesday gave a notification to revoke the operating licences of 182 other financial…
Nigeria’s foreign reserves drop to $44.8b
...as analysts fault CBN's weekly defend of the naira
Sequel to its almost weekly defend of the naira against the dollar and…
North Eastern states in total blackout as power supply dips to 2006MW
The power supply from the Nigeria Electricity Supply Industry ( NESI ) at the weekend dropped to 83,570.30mwh (2006mw), according…