Naira appreciates 0.03% in Investors’ Forex Window

Continued intervention of the Central Bank of Nigeria (CBN) spurred the Naira to appreciate 0.03 per cent at the Investors and Exporters (I&E) foreign exchange window. The local currency exchanged N363.54 against the dollar in the I&E Forex window, having opened at N363.44 and traded high at N364.50. A total of $97.13 million was transacted More...

by Felix OLOYEDE | Published 1 week ago
By Felix OLOYEDE On Wednesday, November 7th, 2018
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Equity Market rebounds, posts 0.33% gain

Nigerian Stock Exchanging in trading session Gains recorded in medium and large capitalized stocks lifted the Nigerian Stock Exchange (NSE) on Tuesday, helping it to reverse Monday’s loss. The Equity Market gained More...

By Felix OLOYEDE On Tuesday, November 6th, 2018
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Zenith Bank aims for the heights

… pre-tax profit up 10% to N167.3bn By OKEYONYENWEAKU From a one flat accommodation in a remote corner of Lagos 28 years ago, Zenith Bank has achieved the improbable. The bank with a meagre asset base of $4million More...

By Felix OLOYEDE On Tuesday, November 6th, 2018
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SAHCO sets to float public offer

Skyway Aviation Handling Company, SAHCO Plc, has concluded arrangement to float an Initial Public Offering, IPO, of about N1.9 billion, the first in the capital market after four years of primary market lull. Parties More...

By Felix OLOYEDE On Tuesday, November 6th, 2018
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Nigeria resumes export of hibiscus to Mexico

hibiscus The Nigeria Agricultural Quarantine Service (NAQS) said that Nigeria would resume the export of hibiscus, popularly known as Zobo, to Mexico. Dr Vincent Isegbe, the Coordinating Director, NAQS, disclosed More...

By Felix OLOYEDE On Tuesday, November 6th, 2018
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Zenith Bank aims for the heights

Peter Amangbo, GMD/CEO, Zenith Bank … pre-tax profit up 10% to N167.3bn By OKEY ONYENWEAKU From a one flat accommodation in a remote corner of Lagos 28 years ago, Zenith Bank has achieved the improbable. The bank More...

By Felix OLOYEDE On Tuesday, November 6th, 2018
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Fidelity Bank, Zenith Bank, others drive NSE’s Q3 growth

Nnamdi Okonkwo, CEO, Fidelity Bank Plc Low prices of equities in the financial services sector and improved third quarter results by some banks fuelled a robust performance of the Nigerian Stock Exchange (NSE) in More...

By Felix OLOYEDE On Monday, November 5th, 2018
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Dangote vehicle plant enters expansion drive

Dangote Sinotruk West Africa Limited, a budding automobile company, has entered another phase in its expansion drive. The company has said that it was increasing its local input into the assembling plant to up to More...

By Felix OLOYEDE On Monday, November 5th, 2018
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Minimum wage: NURTW threatens to join national strike

NURTW members marching during Workers’ Day celebration The Chairman of the Lagos State Branch of the Nigeria Union of Road Transport Workers (NURTW), Alhaji Tajudeen Agbede, announced on Monday that the union More...