Business

Bank Directors Intervene In Naira Notes Scarcity

Directors of banks, under the auspices of the Bank Directors Association of Nigeria (BDAN) said, it working to free up the bottlenecks that led to the unavailability of Naira notes in the country, while empathising with bank customers who...

Independent Marketers Begins Sale of Petrol at N172/Litre

The Independent Petroleum Marketers at the tank farm in the Ijegun Egba Satelite area of Lagos have started selling petrol at N172 per litre. This was part of the Federal Government’s directive at tackling the nation’s petrol shortage with independent...

Equity Deals Drop In Week 6 Trading

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A total turnover of 944.293 million shares worth N22.710 billion in 18,615 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 3.789 billion shares valued at N27.500 billion that...

DMO Reopens Four Bonds Estimated at N360bn For Auction

The Debt Management Office (DMO) has listed four bonds valued at N360 billion for auction. Announcing the bond auction on behalf of the Federal Government, the DMO listed the first offer as a February 2028 FGN bond, valued at N90...

UBA Among Top 10 Performing Brands In 2022 – Media Research

The United Bank for Africa (UBA) ranked among the top leading brands in 2022, according to a survey published by a media research outfit, Plexus Media. Brands in Nigeria experienced a lot of challenges in the survey year amid a...

Investment Experts Express Confidence in Nigeria’s Equities Market Despite Election Outcomes

Head of Investment Research, Parthian Securities, Oluwaseun Dosunmu has expressed confidence in the Nigerian equities market notwithstanding the uncertainties surrounding the 2023 elections. According to him, the equities market dominated by domestic investors would remain resilient this year despite the...

MTN Posts N2trn Revenue, Proposes N203.5bn Final Dividend

MTN Nigeria Communications Plc reported revenue in excess of the N2 trillion mark for 2022, a bumper year during which turnover swelled by one-fifth and bottom-line by about the same rate, its audited earnings report showed on Wednesday. The feat...

Integral Comm Celebrates Lovers On Valentine’s Day

Nigeria’s ICT solutions and products giants, Integral Communications Nigeria Limited, has concluded plans to celebrate lovers at the forthcoming Valentine’s Day on February 14, 2023. The General Manager of the company, Mr. Ifeanyi Nihe, in a statement, said that the...

NCC May Become Hub For Supply of SIM Cards to West African Countries

The Nigerian Communications Commission (NCC) has disclosed that Nigeria has been able to locally produce over 100 million Subscriber Identity Module (SIM) cards in the last year. NCC’s Head of Financing and Stakeholders Engagement Team, Aderonke Sola-Ogunsola, made the disclosure...

New Airlines’ Emergence Jerks up NCAA’s Surveillance Costs

The deregulation of the aviation industry by the Federal Government in 1980 paved way for the establishment of many airlines. The development ended the dominating power of Nigeria Airways at the time, after which private airlines such as Okada,...