Investors in the nation’s stock market lost a total of N365bn in the last three days of trading in February. The equities market opened the month with a market value of N11.424tn, which rose to N12.200tn on February 15. The market capitalisation, however, declined in the second half of the month by N371bn, 98.8 per […]
Joint Admissions and Matriculation Board, JAMB, has registered over 1.8 million candidates for this year’s Unified Tertiary Matriculation Examination, UTME. We are prepared for 2019 UTME – JAMB Head, Media and Information of the board, Fabian Benjamin, disclosed this in an interview with News Agency of Nigeria in Lagos, yesterday. Registration of candidates for all […]
The son of former Military Head of State, Mohammed Abacha, has dragged the Federal Government, Shell Petroleum Nigeria and others to the Appeal Court as the battle over Malabu Oil rages. In a notice of appeal filed at the Court of Appeal, Abacha is seeking an order of the appellate court to compel the Federal […]
The naira could inch up next week as uncertainty eases for foreign investors, following the conclusion of the presidential and National Assembly elections, traders had said. Nigerian and Kenyan currencies are seen firming against the United States dollar in the coming week, while Zambia’s kwacha is likely to recoup losses and the Ugandan shilling is […]
The Nigerian banking stocks slumped the most since June 2016 a day after the re-election of President Muhammadu Buhari, as some investors showed disappointment at the defeat of his market-friendly opponent. An index of Nigeria’s 10 largest banking stocks dropped by 4.6 per cent at the end of trading on the floor of the Nigerian […]
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over its $1.3 billion acquisition of Nigerian offshore oilfield OPL 245 in 2011. Shell said in a statement on its website that it had been informed by the Dutch Public Prosecutor’s Office (DPP) that it had nearly concluded its investigation and is preparing to prosecute […]
The 11 Nigerian electricity distribution companies (DisCos) supplied 79,850 prepaid meters in 2018, despite a 4.6 million metering gap in the country. This is contained in the recently released 2018 fourth quarter power sector report of the National Bureau of Statistics (NBS). According to the report, the total number of electricity consumers with prepaid meters […]
Africa’s biggest mobile phone operator MTN Group expects to increase profits by as much as 90 percent in 2018, as the company continues to recover from a regulatory fine in Nigeria. Founded with the South African government’s help after the end of apartheid in 1994, MTN is touted as one of South Africa’s biggest corporate […]
Yields on Nigeria’s most liquid 10-year bond fell 40 basis point to 13.9 percent on Thursday as uncertainty eases for foreign investors following the conclusion of national elections, traders said. Yields on the benchmark 2028 paper, which is most traded, have been falling with investors locking in attractive rates. The bond dropped to 14.3 percent […]
THERE are indications that some Resident Electoral Commissioners, RECs, and National Commissioners of Independent National Electoral Commission, INEC, will resign their appointments following alleged intimidation, harassment and threat to life by security agencies during the February 23 presidential and National Assembly elections. INEC, APC, INEC boss, Prof Mahmood Yakubu States electoral commissioners and national commissioners […]