Business

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NAHCO Plc has announced a final dividend payment of N0.41 kobo per 50 kobo ordinary share for the financial year ended 31 December 2021. This dividend payment will be subject to shareholders’ approval at the Annual General Meeting (AGM) and appropriate withholding tax. According to the disclosure filed with the Exchange (NGX), shareholders are to […]

Airline operators in Nigeria are shutting down operations indefinitely from Monday due to the increase in the price of aviation fuel.  This was communicated to the Minister of Aviation, Hadi Sirika, in a letter signed by the President of Airline Operators of Nigeria (AON), Abdulmunaf Yunusa Sarina.  Mr Sarina bemoaned the sporadic increase in the […]

The stock market extended its gaining streak on Friday, closing the week in green, following investors’ interest in some consumer goods stocks. Specifically, the market capitalisation gained N53 billion to close at N27.459 trillion against N27.406 trillion on Thursday. Similarly, the All-Share Index increased by 99.08 points to close at 50,935.03 from 50,835.95 posted on […]

The Central Bank of Nigeria (CBN) has announced that the eNaira’s next update would support DSTV renewals, recharge card purchases, air travel ticket payments, among others. This was disclosed by Yusuf Abdul Jelil, eNaira project representative, at an event for the sensitisation and activation of e-Naira Wallet organised by the CBN in collaboration with Oshodi […]

The Nigeria Deposit Insurance Corporation (NDIC) says it will commence the claims verification of depositors of the three Micro-finance Banks (MFBs) whose licences were revoked by the Central Bank of Nigeria (CBN). The NDIC said on Thursday in its official Twitter handle and website, that the exercise would take place between May 9 and 20. […]

THE Federal Operations Unit, Zone A, of Nigeria Customs Service, says it intercepted 7,259 bags of 50kg of foreign parboiled rice which is equivalent to 12 trucks in April. The service said 12 suspects had so far been arrested by the unit in connection with the seizure of different contrabands and others. Addressing journalists at […]

The Organisation of Petroleum Exporting Countries on Thursday raised the crude oil production quota approved for Nigeria again, as it increased it from 1.753 million barrels per day in May 2022 to 1.772 million barrels per day in June. OPEC had earlier raised Nigeria’s oil production quota from the 1.735 million barrels per day target […]

As a business continually driving values for its stakeholders, Dangote Cement is to empower stakeholders in the value chain of Palm Kernel Shell (PKS) supply as part of its strategies to shore up and sustain its availability as a waste that is co-processed in the cement kiln in order to recover energy.  This, the cement […]

The naira on Thursday depreciated at the Investors and Exporters window exchanging at N419 to the dollar, a 0.24 per cent depreciation, weaker than N418 it traded on Wednesday. The open indicative rate closed at N417.40 to the dollar on Thursday. An exchange rate of N444 to the dollar was the highest rate recorded within […]

Clearing agents have again abandoned vehicle clearance at the Tincan Island Port, Lagos State, due to confusion over the unresolved issue of the 15% National Automotive Council (NAC) Levy. The action, which will worsen the congestion problem at the ports, appears to be the escalation of the dispute between the clearing agents and the Nigeria […]


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