admin

Benchmark Yield on FGN Bond Dips to 18.8% Ahead of Auction The average yield on Federal Government of Nigeria (FGN) bonds declined by six basis points to close the previous week at 18.77% ahead of Debt Management Office (DMO) auction. Trading activities in the secondary market has remained subdued amidst rising inflation and higher interest […]

Guinness Nigeria Climbs by 38% as Investors Weigh ‘Next Action’ Since notice of Diageo deal to exit Nigeria, Guinness Nigeria Plc has seen its market value climbing, crossing more than N153 billion in the stock exchange as of Friday’s close. Guinness Nigeria Plc has become expensive on the trading floor of the Nigerian Exchange after […]

Tier-2 Banks’ Market Value Falls below N2 Trillion As banks leaders continue to designing plans on how to meet new capital deadline in less than two years, the stock market value of Tier-2 bank slide below N2 trillion on Friday, according to data obtained from the Nigerian Exchange. Analysts said quoted company face risk of […]

Champion Breweries Gains 33% after Shares Transfer Deal Champion Breweries Plc recorded more than 32% gain after the company ownership transfer deal. According to data from the Nigerian Exchange, the local brewer stock market price increased by 32.54% in three days, from N2.95 to N3.91 per share on Friday. In sum, Champion breweries Plc value […]

2026 World Cup: Super Eagles’ Qualification not Impossible — Adepoju Ex-International, Mutiu Adepoju says nothing is impossible, and Nigeria’s Super Eagles can still qualify for the 2026 World Cup with determination, hard work and seriousness. Adepoju told the News Agency on Sunday that the players needed resilience, as there was no magic but to win […]

Efforts Underway to Tackle Airport Touts – Keyamo The Minister of Aviation and Aerospace Development, Festus Keyamo says the Federal Government is making efforts to tackle the menace of tours and extortionists at the nation’s airports. The minister, who made this known on his verified X account (@fkeyamo) on Sunday, expressed sadness over prevalence of […]

Kano State Government has issued a notice of eviction to Aminu Bayero to quit the Nasarawa Palace where he has been staying after his dethronement as emir of Kano. The government said the palace, which it described as a ‘’ cemetery/graveyard with a part serving as ‘a guest house for very important visitors,’’ was unsafe […]

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has explained why it has not submitted a new revenue formula to President Bola Ahmed Tinubu. Its Chairman Mohammed Bello Shehu told newsmen that it had become necessary to adapt to the prevailing socio-economic conditions and the need for a thorough scientific analysis before proceeding. Shehu noted […]

Dangote Group has accused International Oil Companies (IOCs) operating in the country of deliberately sabotaging Dangote Refinery’s plan to roll out petrol into the market. According to the company, the IOCs are doing this to ensure that the country remains dependent on petrol imports perpetually. It added that they have employed underhand tactics in crude […]

Politics is said to be holding down the takeoff of the Onitsha River Port after it has been commissioned three times since 1983; BusinessDay report. The port, described as a potential cash cow for Nigeria if it becomes operational, may be needing N16 billion to dredge the channels. Since Nigeria’s independence in 1960, shipping activities […]

In a bid to strengthen tax compliance, the Federal Government has filed a six-count charge against Well Property Development Company Limited for tax evasion. The Federal Inland Revenue Service filed the suit on behalf of the government, accusing the company of understating tax returns, false declaration of earnings, and failing to deduct and remit taxes. […]

Festus Keyamo, minister of aviation and aerospace development, says agencies involved in extortion and begging in Nigeria’s airports are outside the ministry’s control. In a post on X on Sunday, Keyamo said he has been collaborating with other ministers who are responsible for these agencies to find a solution to curb the menace. The minister’s […]