Business

The cryptocurrency market has suffered massive losses as cryptocurrencies overall have lost nearly $800 billion in market value in the past month, according to data site CoinMarketCap.  The domino effect in the crypto market began when the United States Federal Reserve raised its interest rates last week, negatively affecting the stock markets, then stablecoin terraUSD […]

Bullish sentiment returned to the Nigerian stock market on Wednesday, following investors’ interest in MTN Nigeria. Specifically, the market capitalisation garnered N556.93 billion or 1.99 per cent to close at N28.735 trillion from N27.928 trillion on Tuesday. Also, the All-Share Index advanced by 1,033.04 points or 1.99  per cent to close at 52,838.45 against 51,805.41 […]

Bullish sentiment returned to the Nigerian stock market on Wednesday, following investors’ interest in MTN Nigeria. Specifically, the market capitalisation garnered N556.93 billion or 1.99 per cent to close at N28.735 trillion from N27.928 trillion on Tuesday. Also, the All-Share Index advanced by 1,033.04 points or 1.99  per cent to close at 52,838.45 against 51,805.41 […]

D.E. Osiagor of the Federal High Court, Lagos Division, the Asset Management Corporation of Nigeria (AMCON) has taken over assets belonging to Aeroland Travels Limited, and its directors over an indebtedness of N1.8 billion. It would be recalled that Justice Osiagor gave the ruling on February 7, 2022, and in compliance to the enforcement order […]

The Securities and Exchange Commission (SEC) has proposed some guidelines that will allow capital market operators and investors to digitize all of their processes. The requirements are contained in the Minimum Operating Standards for Information Technology for capital market operators recently exposed to the public, released by the SEC. The commission argued that rules establishing […]

Fidelity Bank Plc has approved a dividend of 35 kobo to be paid to its shareholders for the full-year period ended December 2021. This was passed as a resolution at the recently concluded 34th Annual General Meeting held on Thursday, May 5, 2022. This information was disclosed in a notice signed by the company’s secretary, […]

The House of Representatives on Monday held a stakeholders meeting to resolve the crisis trailing the aviation fuel price increase, with the Nigerian National Petroleum Company Limited and domestic airline operators reaching a deal. It was agreed that the NNPC would supply Jet-A1 to marketers nominated by airline operators for a period of three months […]

The Airline Operators of Nigeria, the umbrella body for domestic airlines, on Sunday cancelled its decision to halt flight services across the country beginning today (Monday). But before the AON announced the cancellation of its earlier decision, five of its members had already declared that they would not join in the plan to suspend flights […]

Aviation workers have insisted that they are commencing a two-day warning strike on Monday (today) over poor welfare emanating from their employers. The Secretary General of the National Union of Air Transport Employees, Ocheme Aba, in a chat with our correspondent in Lagos on Sunday, said that there was no going back on the planned […]

Most filling stations in Abuja and neighbouring states of Nasarawa and Niger that dispensed Premium Motor Spirit, popularly called petrol, on Sunday were greeted with long queues. It was observed that many other outlets were shut as they claimed not to have products to dispense, a development that led to the crowding of the filling […]


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