5 injured as Atlanta-bound carrier makes emergency landing in Lagos

Delta Air Lines flight 55 which left the Murtala Muhammed International Airport Lagos at about 10.50pm on Tuesday enroute Atlanta, Georgia, USA, made an...

NUPENG suspends 15-day industrial action ultimatum

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) yesterday suspended the 15-day ultimatum issued to the Federal Government over unresolved labour issues. The...

Coca-Cola faces market sale challenges in Nigeria, Russia

Coca-Cola HBC (CCHBC) is currently facing challenges in Nigeria, Russia and some main markets as its sales hit ($8.016 billion) 6.5 billion EUR. It was...
CBN hq

CBN tightens up rules on dividend payment by banks

The Central Bank of Nigeria (CBN) has tightened its rules in regard to the payment of dividend by banks and Discount Houses. In a letter...

CBN seeks more powers to revoke banks’ licences

The Nigeria's Central Bank (CBN) has said that it needs more powers to be able to revoke the licences of erring banks and also...
CBN hq

CBN pensioners threaten to embark on hunger strike

The Central Bank of Nigeria (CBN) Pensioners has threatened to embark, on hunger strike if their Pension and medical allowances are not reviewed before...

Reps begin probe on alleged $21 billion crude oil loss

An ad-hoc committee of the House of Representatives yesterday, launched a probe into alleged loss of crude oil in Nigeria worth $21 billion. The House...

Nigeria’s inflation rate drops to 15.13 pct in January

The Consumer Price Index (CPI) which measures inflation rate crashed to 15.13% in January 2018 from December’s rate of 15.37%, National Bureau of Statistics...

‘Nigerians are not aware they have the ability of Bill Gates...

Chairman of the board of the Nigerian Communications Commission (NCC), Senator Olabiyi Durojaiye, has said that many Nigerians do not know they have the...

MAN raises alarm over threat to ₦420 billion spirit, wine industry

The Distillers and Blenders Association of Nigeria (DIBAN), a Sub-Sectoral Group of Manufacturers Association of Nigeria (MAN), has raised the alarm over the threat...

MTN in talks with FG to list on the Nigerian Stock...

As part of an agreement it reached with the Federal Government, MTN Nigeria has said it is planning to list on the Nigerian Stock...

CBN lifts FX market with $210 million

In its desire to ensure the availability of forex and also meet customers’ requests in various segments of the market, the Central Bank of...

FG raises ₦253 billion from longer term Treasury bills

The Federal Government raised ₦252.88 billion ($827 million) at a treasury bill auction on Wednesday as investors piled demand into the higher yielding one-year...

Oil falls on strong dollar, stalling rally that opened 2018

Oil prices fell on Friday as the dollar surged following strong U.S. jobs numbers, though compliance with output cuts by OPEC and rising global...

NSE signs MoU with ASHON on futures, others

The Association of Stockbroking Houses of Nigeria (ASHON) has signed a Memorandum of Understanding (MOU) with The Nigerian Stock Exchange (NSE), strengthening preparation for...
newstage.com.ng

ANALYSIS-Trump ‘energy dominance’ policy pits Washington against Moscow

Last July, U.S. President Donald Trump stood beside his Polish counterpart, Andrzej Duda, in Warsaw and promised to help wean the nation off Russian...

Book Review: Little Birds and Ordinary People

Recent Nigerian memoirs that aren’t at the same time hackneyed hagiographies are very hard to come by indeed. The pleasure of encountering Little Birds...

ANALYSIS-iPhone addiction may be a virtue, not a vice for investors

Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction...
ECB

ANALYSIS-Bond markets look beyond easy ECB money to first rate rise

The timing of a European Central Bank rate rise is fast taking over as the main driver of borrowing costs in the euro area...

Africa development body, funds see opportunity in mining infrastructure

With some mining companies increasingly reluctant to own outright the infrastructure that keeps their projects going, an African development institution is linking up with...

Oxfam condemns staff over sex reports in earthquake-hit Haiti

Oxfam, one of Britain's biggest charities, on Friday condemned the behaviour of some former staff in Haiti after a newspaper report said aid workers...

85,000 displaced in 10 weeks of raging violence in Yemen: UN

The UN said Friday that surging violence across Yemen had pushed some 85,000 people from their homes in the past 10 weeks, with hundreds...

Buhari signs executive order to improve local content in procurement

President Muhammadu Buhari, yesterday, signed Executive Order 5 to improve local content in public procurement with science, engineering and technology components, the Presidency has...

Guinea holds first local elections since military rule

Guinea began voting Sunday in the first local elections since the end of the era of military dictatorship following eight years of delays. The municipal...

Israel warns African migrants to leave or face jail

Israel began warning thousands of African migrants Sunday that they must leave by the end of March, officials said, under a plan that could...

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