26 C
Lagos, Nigeria
Monday, December 17, 2018

CBN set to reach deal in $8.1bn MTN dispute

Central Bank of Nigeria (CBN) is on the verge of an agreement over a $8.1 billion dispute with South African telecoms firm MTN, its...

Teleology takes over troubled Nigeria telecomms firm 9mobile

Teleology has formally taken over control of Nigeria’s troubled telecommunication company, 9mobile, by appointing a new board of directors, headed by 54-year-old Nasiru Ado...

South Africa’s Sun International close to exiting Nigeria

South Africa’s Sun International expects an investigation into a shareholder dispute at its Nigerian operation to be completed shortly, paving the way for the...

Investors lose N220bn in one day at Nigerian stock market

Investors in Nigeria’s stock market lost a total of N220 billion on Monday due to the losses recorded by 22 firms listed on the...

33 stocks on NSE record price loss

Thirty-three stocks recorded price losses, while 13 posted price appreciation on the Nigerian Stock Exchange (NSE), the News Agency of Nigeria (NAN) reports. Negative sentiments...

CBN pumps $210m into foreign exchange market

The Central Bank of Nigeria (CBN) has pumped $210 into the market to boost the inter-bank foreign exchange. The bank again on Tuesday offered the...

Active mobile lines in Nigeria hit 149m in March

The Nigerian Communications Commission (NCC) says active mobile phone lines in the country rose from the 148 million in February to 149 million in...

Oil boom for Nigeria as prices hit $73.79 a barrel

An improvement in Nigeria’s oil earnings is on course as prices held firm on Friday near three-year highs reached earlier this week as ongoing...

CBN injects another $210 million into forex market

The Central Bank of Nigeria (CBN) says it has again injected $210 million into the foreign exchange (forex) market in continuation of its intervention...

Experts predict high inflation rate in coming months

Two financial experts on Monday said that the 2018 single-digit inflation target of the Central Bank of Nigeria (CBN) would not be feasible, due...

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Pastor kills 9-month-old girl, two women

The police have arrested a pastor in Afam, Rivers State, for allegedly killing a nine-month-old girl and two women who are members of his...

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