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Naira To Trade At N410/$1 As CBN Adopts NAFEX Rate

The Central Bank of Nigeria (CBN), has officially adopted the Nigerian autonomous foreign exchange (NAFEX) rate weakening the naira by 8 percent to N410.25/$1. The...

FMDQ Admits BUA Cement N115B Bond, Largest On Debt Capital Market

FMDQ Securities Exchange Limited has announced the admission for listing the BUA Cement Plc N115 billion series 1 fixed rate senior unsecured bond under...

FG May Legalize Artisanal Oil, Gas Refiners In Sectoral Reforms

  The federal Government has pledged to legally mainstream the mini/modular refineries otherwise called illegal refiners into the country’s oil refinery processes and programmes with...

Afreximbank Closes $1.3B Bond Issuance

African Export-Import Bank (Afreximbank), has successfully closed a 1.3 billion dollar dual tenor bond issuance, its largest-ever transaction in the international debt capital markets. The...

Sovereign Trust Insurance Announces N510M Profit Before Tax In Q1

  Sovereign Trust Insurance Plc has announced a Profit Before Tax (PBT) of N510 million for the first quarter of 2021. A statement made available by...

0.05% Drop In April Inflation, NBS Says

  The National Bureau of Statistics (NBS), says inflation rate reduced by 0.05 percent in April 'compared to what obtained in March’. It said while inflation...

Investors Set To Revamp Akwa Ibom Quality Ceramics Coy With N900m –CEO

Mr Uwemedimo Utip, an investment consultant, announced that plans were underway to revamp Quality Ceramics Limited at the cost of N900 million. Quality Ceramics Limited...

NGX Resumes Trading After Sallah Break, Records N25B Growth

  Trading resumed on the Nigerian Exchange (NGX) on Friday after the public holdiays to mark the Eid-el-Fitr celebration with a growth of N25 billion. Speficially,...

Shell Pipeline Spills 276 Barrels Of Crude In April -Report

The 14-inch crude trunk line operated by Shell Petroleum Development Company (SPDC) in the Niger Delta region spilled 276 barrels of crude oil in...

Dangote Sugar Posts N11.95B Profit In Q1

Dangote Sugar Refinery Plc has reported a profit before tax of N11.95 billion for the first quarter ended March 31, 2021. The profit before tax...

Experts Celebrate CBN Extension Of Naira4Dollar Scheme

  Experts on Thursday commended the Central Bank of Nigeria (CBN) for extending the Naira4Dollar scheme expected to close on May 8. The experts gave the...

Nestlé Records N87.3B Revenue In Q1

Nestlé Nigeria Plc says it recorded revenue of N87.3 billion in its financial results for the first quarter of 2021, ending 31 March 2021. This...

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Democracy Day Bombshell: That You Are President Doesn’t Mean You Can Cajole Me To Disregard Nigerian Constitution, Ortom Tells Buhari …Says No Grazing Route...

Benue State governor, Samuel Ortom, has said it was erroneous for some persons to think that he was an enemy to President...

Senate Breaks Silence On Twitter Ban, Says Nigeria Needs Twitter

The Senate on Friday broke its silence on the Federal Government ban on microblogging platform, Twitter, saying Nigeria needs the social media...

Biden ‘Extremely Sympathetic’ In Harry Dunn Case – British PM

U.S President Joe Biden is actively engaged and extremely sympathetic in the case of teenage motorcyclist Harry Dunn killed in an accident,...

June 12: We’re Battle-Ready, Won’t Allow #ENDSARS Experience -Police

The police say it will not fold its arms and watch any protest, under whatever guise, in the state to degenerate to...

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