Stock Market Investors Records a N7 billion Loss in One Day.
The market capitalization of the Nigerian Exchange Limited had days of increasing movement, but investors lost N7 billion at the…
Month: March 2023
NGX Encourages Youth Investment Culture
As it commemorates the 2023 iteration of “World Money Week,” Nigerian Exchange Limited claims it has maintained its promotion of…
Reps Implore the FG to Fix the Facilities at Abuja Airport
The Nnamdi Azikiwe International Airport in Abuja has malfunctioning facilities that need to be fixed, according to a request from…
US Issues $274 million in Housing Investments from Banks
The $274 million long-term financing for the housing industry in Nigeria and other West African nations has been closed, according…
CBN To Flood Banks With Old Naira Notes
This decision is anticipated to put an end to months of hardships and suffering endured by Nigerians as a result…
E-payment Issues Put Pressure on the Bank’s Tech Resources
The lack of petrol prevented people from queuing, but the lack of cash drove the Central Bank of Nigeria to…
TEF-funded Entrepreneurs Generate $2.3 billion in Revenue.
African entrepreneurs that have received training and assistance from the Tony Elumelu Foundation have earned $2.3 billion. This information was…
NCDMB to Host Fourth Oil and Gas Fair
The fourth Nigerian Oil and Gas Opportunity Fair will feature stakeholders emphasizing the prospects in the nation’s oil and gas…
CITN Promotes a Tax-paying Culture in Schools.
At the grand finale of the Lagos State All Secondary Schools Tax Quiz Competition Program, which was sponsored by a…
Naira Scarcity Gets Worse As MPC Raises Interest Rate to 18%
The scarcity of Naira notes has continued to bite harder on Nigerians despite the Central Bank of Nigeria (CBN) announcement…
LAPO Microfinance Bank Rewards Clients
As part of its raffle draw promotion, Lapo Microfinance Bank has given cash rewards to its customers.Lapo stated during the…
Federal High Court Rules That CAC Has No Power To Manage Religious Organisations
In a ruling issued by the Federal High Court in Abuja, it was said that some sections of the Companies…
GSE Composite Index plunge 18.78 Points after Trading
The stock market had two decliners and one advancer, resulting in a closing price that was an 11-day low.The benchmark…
Why PE firm Helios Disposed of Telkom Kenya Stake
One of the reasons Helios Investment Partners decided to begin its withdrawal from the troubled telecoms company in 2021 was…
KCB adds 2,500 Staff on Congo Unit Buyout
After the purchase of a majority interest in the Trust Merchant Bank (TMB) of the Democratic Republic of the Congo…
Investors Purchase N2.61trn FG Bonds in Q1 2023 as Yield Fall Below Inflation Rate
In the first quarter of 2023, domestic investors bought N2.61 trillion worth of FGN Bonds, of which N1.89 trillion was…
Norrenberger Completes Acquiring 60% of Infrastructure Bank’s Stock.
According to the release, Alhaji Ibrahim Aliyu, Chairman of the Norrenberger Group, said the company will use the purchase to…
FG Removes 5% Call and Data Tax
According to Pantami, the telecom industry has already paid taxes, levies, and fees in 41 different categories. The Federal Government…
NEXIM Bank and NIWA Increase Regional Trade.
The release of navigational charts for the lower River Niger in Abuja, according to the Nigeria Export-Import Bank, has boosted…
Kuda Promotes Professional Women
This year’s International Women’s Day will be celebrated with a month-long series of events, according to Kuda Microfinance Bank, which…
Investors Make N10 billion as the Market Recovers.
The Nigerian Exchange Limited’s downward trend came to an end on Tuesday as the market recovered and investors gained N10…
Petrol Price Increased By 54.76% In One Year – NBS
The average retail price of a litre of gasoline rose from N170.42 in February 2022 to N263.76 in February 2023,…
Emefiele Spits Fire, Threatens Errant Banks’ Shareholders
Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN), has issued a stern warning to misbehaving shareholders of…
Credit Suisse Collapse Burns Saudi Investors
The collapse of Credit Suisse also destroyed billions of dollars in investments made by the Olayan family in Saudi Arabia…
CBN Raises Interest Rate To 18%, Retains Other Parameters
The Central Bank of Nigeria’s (CBN) policy-setting committee increased the monetary policy rate (MPR), which measures interest rates, from 17.5…
Nigeria Pensions: Is it for Everyone?
Pension is necessary for everyone, but eligibility for pensions often depends on various factors. These factors includes age, employment status,…
Kenya Power now Bets on Goodwill for Dollar Electricity Bill Payments
The industry regulator stated it would not let Kenya Power to bill consumers in dollars and euros, so the company…
Nigeria, Japan trade hits $10b
The yearly commerce between Nigeria and Japan is $10 billion, and it is anticipated that this figure will climb as…
Head of NNPCL’s Oil Trading Division is a French/Swiss National.
Mr. Jean-Marc Codier, a French-Swiss national and former vice president of the Abu Dhabi National Oil Company (ADNOC), has been…
Top 10 Richest People in Africa – Forbes.
It’s worth noting that the path to wealth is not always straightforward, and many of the richest people faced challenges…