SEC seeks policy support to drive $1tn economy
The Securities and Exchange Commission (SEC) has called for stronger policy support to help drive Nigeria’s ambition of reaching a…
Day: December 18, 2024
NGX gains N78bn as MRS, Wapic lead
The Nigerian Exchange (NGX) saw a positive trading session on December 18, 2024, with the equity market gaining N78 billion…
$1 trn economy is necessity for prosperity, resilience of Nigeria — SEC DG
The Securities and Exchange Commission (SEC) has emphasized that achieving a $1 trillion economy is essential for Nigeria’s prosperity and…
Senate Proposes Ban on Dollar Salaries and Foreign Currency Transactions
The Nigerian Senate has introduced a bill to amend the Central Bank of Nigeria Act, 2007, prohibiting the use of…
Hedge Funds Turn to Macro Strategies Amid Market Volatility in 2025
Hedge fund investors are prioritizing macro strategies for 2025, driven by anticipated political and economic turbulence under the incoming U.S.…
PenCom Ensures Pension and Insurance Coverage for Over 38,000 Employers
The National Pension Commission (PenCom) has revealed that over 38,000 employers secured pension and insurance coverage for their workers in…
Social dialogue crucial for economic development – ILO
The International Labour Organisation (ILO) has emphasized the critical role of social dialogue in addressing global labor, economic, and social…
As bitcoin soars, luxury brands consider accepting crypto payments
The recent surge in Bitcoin’s value has sparked interest among luxury brands to explore cryptocurrency as a payment option, aiming…
Sterling Bank champions African Cinema at 2024 S16 Film Festival
Sterling Bank has underscored its commitment to Africa’s creative economy by sponsoring the 2024 S16 Film Festival, a premier platform…
Leadway Assurance Plays Transformative Role in SMEs
Leadway Assurance has reaffirmed its commitment to supporting Small and Medium Enterprises (SMEs) by offering more than risk underwriting, positioning…
UBA to Expand SMEs Lending, Invest in Digital Technology with N239.4bn Rights Issue
United Bank for Africa (UBA) Plc has announced plans to utilize the net proceeds of its ongoing N239.4 billion rights…
Lagos State partners with Access Bank to develop 704 housing units
The Lagos State government and Access Bank have signed an MoU to build 704 two-bedroom apartments in Odo-Nla, Ikorodu, as…
ICPC Recovers N30 Billion and $966900 in Cash Over One Year
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) announced the recovery of N29.7 billion and $966,900 in foreign…
Naira closes flat across FX markets
The naira remained stable across Nigeria’s foreign exchange markets on Tuesday as dollar demand eased slightly. At the Electronic Foreign…
Foreign portfolio investment in the stock market rises 180.9%
Foreign Portfolio Investments (FPIs) in the Nigerian stock market surged by 180.95% in the first ten months of 2024, reaching…