Thursday, April 23, 2026
OPEC meets to see over need for oil cuts extension as Nigeria considers output cap soon
OPEC and its allies indicated that they’ll wait a bit longer to see if further action is required in their...
Read moreDetailsInvestors’ profit booking sell-offs in Dangote Cement dip Nigeria equities index 0.05%
A raft of investors' profit booking on Wednesday's price gains by Nigeria's most capitalised company, Dangote Cement plc, saw sell-offs...
Read moreDetailsRising cost of funds, tight liquidity put interest earnings outlook on edge for Nigerian banks
Despite the recovery in the Nigerian economy, as indicated by Q2 2017 gross domestic product growth numbers, earnings prospect for...
Read moreDetailsNigeria’s ease of doing business policy faces fresh hurdle as Customs places ‘red alert’ at ports, borders
Government policy on ease of doing business at the ports faced fresh hurdles Thursday following a red alert placed by...
Read moreDetailsPower minister data show only 65.7% of electricity generated in Nigeria gets distributed
Although the Nigerian power sector has witnessed increased generation in recent times, the actual power distributed to homes and businesses...
Read moreDetailsBanks back Dangote’s cash, shares bid for South Africa’s PPC
Dangote Cement Plc, has firmly put forward its takeover bid of PPC as it has written to the cement maker...
Read moreDetailsOil traders empty key crude storage hub amid OPEC production cuts
Oil traders are emptying one of the world’s largest crude storage facilities, located near the southernmost tip of Africa, as...
Read moreDetailsBig-ticket borrowers of over N1bn choke out SMEs, account for 81% of Nigerian banks’ loan portfolio
The Nigerian money market remains characterized by excessive concentration of credit per obligors and per sectors, as big ticket borrowers...
Read moreDetailsDangote Cement lifts Nigeria’s equities index 1.0% after three days of consecutive losses
The Nigerian equities market rebounded Wednesday after three days of consecutive losses as uptick in Dangote Cement (DANGCEM) helped push...
Read moreDetailsNigeria to beef up daily oil production by 200,000b in 2018 from Egina project as NNPC accelerates local capacity devt
Nigeria’s Egina oil project would add about 200,000 barrels of oil to the nation’s daily crude production when completed in...
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