Business

NSE All-Share Index Crosses 45,000 Mark

Price of Some blue chips on the Nigerian Stock Exchange on Friday rallied with GT Bank hitting all-time high of N54.71 per share. The News Agency of Nigeria reports that…

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CBN orders banks to open 7.6m new savings accounts

The Central Bank of Nigeria ( CBN ) has ordered all Deposit Money Banks (DMBs) and Microfinance banks to open 7,608,180 new savings accounts to meet its financial Inclusion target….

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Foreign reserves rise to $40.4 billion

Foreign reserves have hit a three-year high at $40.4 billion, data from the Central Bank of Nigeria (CBN) have shown. The figure indicated an increase of about $1 billion between…

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NNPC restores Escravos-Lagos pipeline, resumes gas supply

The Nigerian National Petroleum Corporation (NNPC) on Monday said the Escravos-Lagos Pipeline (ELP), which got burnt by a fire, had been restored. A statement in Abuja by the NNPC spokesman,…

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10 Modular Refineries In Progress In Niger-Delta – Nigeria’s Osinbajo Reveals

Vice President Yemi Osinbajo has confirmed that 10 modular refineries were at advanced stages of development in the Niger Delta. According to his Special Assistant on Media and Publicity, Mr…

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Bitcoins, others like Ponzi scheme, India’s finance ministry warns investors

India’s finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like “Ponzi schemes.” The ministry in a statement…

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Dangote: BUA lies on claims to mines ownership

THE management of Dangote Industries Limited has again rejected BUA Group’s claim to being the rightful owner of Mining Lease No 2541. Dangote, in a statement yesterday, said its reaction…

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CBN tasks investors on job, wealth creation

The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has urged the private sector to support the Federal Government’s efforts at creating jobs and stimulating growth of the…

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Fuel queues resurface in Sokoto, Lagos, Ogun

With the current situation in some filling stations across the country, the assurance from the management of Nigerian National Petroleum Corporation, NNPC last week that there will be enough petroleum…

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Dangote Partners With Jumia To Sell Cement Online

In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management of Dangote Cement Plc has signed a pact with the…

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