Business

Investors at the Nigerian equity market obtained N135 billion at the close of trade on Friday. This follows the surge in stock prices such as Abbeybds, UPDC, and NNFM, among others, on the trading floor. After five hours of trading in the capital market, the capitalization of equity increased to ₦ 66.2 trillion from ₦ 66.1 trillion posted by Bourse …

Investors in the Nigerian equity market lost N31 billion at the close of trade on Thursday. This follows a decrease in stock prices such as John Holt, Chams, and NSLTech, among others, on the trading floor. After five hours of trading in the capital market, the capitalization of equity fell to ₦ 66.11 trillion from ₦ 66.14 trillion posted by …

On Thursday, the Federal High Court, Abuja, was improved May 8 for an assessment in a lawsuit filed by Multichoice Nigeria Limited on Federal Competition and the Consumer Protection Commission (FCCPC). The company is trying to stop FCCPC sanctions for increasing the new DSTV and GOTV subscription. Hakim James Omotosho set the date after the legal counsel for Multichoice, Moyosore …

Nigerian National Petroleum Company (NNPC) Limited has announced its readiness to the capital market with the initial public offering (IPO) now in the final stage. Financial Relations Officers and Corporate Investor (CFIO), Mr. Olugbenga Oluwaniyi, revealed this at a consultative meeting with partners at NNPC Towers, Abuja, on Thursday. He said the move was in line with the provisions of …

International Monetary Funds (IMF) on Thursday urged the Nigerian government to accompany economic stabilization policies with social welfare programs targeted to support the most vulnerable population in the country. IMF Communication Director, Julie Kozack, made a call during a routine press conference at the IMF headquarters in Washington, DC. Kozack acknowledged the challenges faced by many Nigerians and emphasized the …

The federal government has suspended the implementation of annual fees imposed on public companies by the Financial Reporting Council (FRC). This follows the opposition by industrial stakeholders. Minister of Trade and Investment, Dr. Jumoke Oduwole, revealed this at the Minister’s consultative meeting on the annual contribution of the Financial Reporting Council for the Public Interest Company on Wednesday in Abuja. …

Nigeria Customs Service (NCS) has begun implementation of two years of exemption for the import duty and value added tax (VAT) for the main pharmaceutical raw materials. This step is expected to be translated into a cheaper pharmaceutical product in this country. National public relations officer for NCS, Abdullahi Maiwada, revealed this in a statement on Wednesday in Abuja. Maiwada, …

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also obeys your commands. I want to come with you to …

ArcelorMittal Liberia says it welcomes User-Operator framework suggested in the Third Amendment to its MDA. Monrovia, Liberia, March 25, 2025 – As part of its commitment to a shared railway model, ArcelorMittal Liberia says it has endorsed the User-Operator framework proposed in the Third Amendment to its Mineral Development Agreement (MDA) with the Government of Liberia. This model, which is …

Don’t act so surprised, Your Highness. You weren’t on any mercy mission this time. Several transmissions were beamed to this ship by Rebel spies. I want to know what happened to the plans they sent you. In my experience, there is no such thing as luck. Partially, but it also obeys your commands. I want to come with you to …