Zenith Bank, Access, FBN Holdings, 7 others receive highest FX from CBN
The Central Bank of Nigeria (CBN) recently held a Retail Dutch Auction System (RDAS) to address the growing demand for…
Day: August 12, 2024
Equities market records 0.87% growth in 1 week, investors gain N481bn
The Nigerian equities market experienced a positive turnaround, with the All-Share Index (ASI) rising by 0.87% week-on-week. Investors gained about…
Popoola commends FCMB’s digital approach in N110.9bn public offer
The Group CEO of Nigeria Exchange Group (NGX), Temi Popoola, commended FCMB Group for its digital innovation in their ongoing…
Currency devaluation threatens NGX’s leadership as Africa’s top stock market
The Nigerian Exchange Limited (NGX) started 2024 with strong performance, recording a 26.43% year-to-date return by the end of January,…
Arthur Eze’s Oranto Petroleum signs oil deal in Venezuela
Atlas Oranto Petroleum International Limited (AOPI) has expanded its global footprint by signing an oil prospecting agreement in Venezuela. The…
Nigeria’s financial struggle persists as Niger, Togo, others fail to defray $14.19m Q1 electricity debt
Nigeria is facing increasing financial strain as international customers failed to pay $14.19 million for electricity supplied in the first…
Lack of BVN stalls 18% Heritage Bank’s depositors from reimbursement – NDIC
The Nigeria Deposit Insurance Corporation (NDIC) has announced that 82.36% of insured deposits belonging to customers of the defunct Heritage…
Minister writes UK over Heathrow slot for Air Peace to avoid diplomatic row
Festus Keyamo, Nigeria’s Minister of Aviation and Aerospace Development, has lodged a formal complaint with his British counterpart over the…
Barbican Capital sues First Bank for wrongly stating shareholding
Barbican Capital Limited, the largest shareholder of FBN Holdings, has filed a lawsuit against the bank to address a contentious…
Nigeria’s debt service-to-revenue may return to 98% in 2 years, economist warns
Economist Paul Alaje criticized the Nigerian government’s simultaneous removal of petroleum subsidies and devaluation of the naira, calling these actions…
NDIC pays N5m to Heritage Bank’s depositors
The Nigeria Deposit Insurance Corporation (NDIC) has successfully disbursed N5 million each to 82.36% of Heritage Bank’s insured depositors. However,…
NASENI launches app for CNG conversion
The National Agency for Science and Engineering Infrastructure (NASENI) has introduced the MY-CNG App to facilitate the conversion of e-hailing…
NiMet’s air quality monitoring network in deplorable state
A recent audit conducted by the Nigerian Meteorological Agency (NiMet) has found its air quality monitoring stations in a dire…