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Investors’ wealth increases as stock market gains N50 billion

Investors’ in the Nigerian stock market recorded a N50bn increase in their wealth on Wednesday as the market extended its bullish run into the second consecutive day after the rebound on Tuesday.
Nigeria Stock Exchange

Stock market: Foreign investors pulled out N44 billion in September

Following sell pressure in the Nigerian stock market arising from growing political tension and security challenges in the country, foreign investors pulled out about N43. 78 billion from the local bourse last September.
Udoma Udo Udoma, minister of budget and national planning

Federal government signs $21 million deal with Japan for rehabilitation of Lagos transmission substation

The federal government has signed a grant aid project with Japan for emergency rehabilitation and reinforcement of the Lagos electricity transmission substation.

NSE suspends the shares trading of Unity Bank, five others

The Nigerian Stock Exchange (NSE) has suspended trading on the shares of Unity Bank Plc and five other publicly quoted companies.
Luis Caputo

Argentina’s Luis Caputo quits as central bank chief amid IMF bailout talks

The president of Argentina's central bank has resigned amid negotiations with the International Monetary Fund (IMF) to bail the South American country out of its volatile economic crisis.
Emergency personnel and police respond to reports of an active shooter situation near Fountain Square, Thursday, Sept. 6, 2018, in downtown Cincinnati. (AP Photo-John Minchillo) The Associated Press

Shooting at bank in Ohio kills four people, including gunman

A shooting at a bank in the US state of Ohio has killed four people, including the gunman, police have said.
Bolivar - Getty

Venezuela’s bolivar currency worthless, inflation hits 1 million per cent

The economy of Venezuela, an oil exporter like Nigeria, has gone fully bonkers. Inflation projected to hit 14,000 percent this year, has been reset by the International Monetary Fund to a mind-boggling one million percent.

Federal government compels shippers to open disbursement accounts with foreign principals

In keeping with Article 4 of United Nations Conference on Trade and Development (UNCTAD) minimum standards for shipping agents all over the world, the Federal Government has now compelled all shipping agencies to open Disbursement Accounts (DAs) from where they will carry out operational costs for their multinational principals overseas.

Naira depreciates against dollar at parallel market

The Naira on Monday depreciated against the dollar at the parallel market in Lagos, the News Agency of Nigeria (NAN) reports.

Russian rouble climbs as Brent rises to $70

The Russian rouble rallied to multi-month peaks on Wednesday after the price of Brent crude rose to 70 dollars per barrel.

Recent Stories

Lagos lawyer and human rights activist, Femi Falana

Femi Falana advises EFCC to stop sealing up suspects’ assets

Senior lawyer Femi Falana advises Economic and Financial Crimes Commission (EFCC) to stop sealing up assets belonging to suspects of financial crimes

Electoral Bill: Don’t override Buhari’s veto – Solomon Adeola

Lagos APC Senator Solomon Adeola kicks against any attempt to override President Muhammadu Buhari’s veto on the Electoral (Amendment) Bill 2018
Israeli security forces and emergency personnel work at the scene of what the Israeli army said was a shooting attack, near the Israeli settlement of Ofra in the occupied West Bank [Ammar Awad-Reuters]

Six Israeli settlers wounded in drive-by shooting in West Bank

At least six Jewish settlers wounded in drive-by shooting in occupied West Bank
[File] Nigeria's Senate leader, Bukola Saraki, announces that he would stand to become the main opposition candidate in 2019's presidential elections in Abuja, Nigeria, August 30, 2018. REUTERS-Afolabi Sotunde

Bukola Saraki: How PDP will defeat APC in 2019

Senate President Bukola Saraki says People’s Democratic Party (PDP) has all it takes to win next year’s general elections
John Owan-Enoh

John Owan-Enoh: APC will sweep polls in Cross River

Cross River governorship candidate John Owan-Enoh says the party will sweep polls in 2019 general elections in the state