Business Credit to Private Sector Increased by 38% YoY in June Aug 14, 2024 0 Credit to Nigeria's private sector saw a significant increase of 38% year-on-year in June 2024, reaching N73.12!-->…
Trade PTML Becomes Major Transshipment Hub to Europe, Receives First RoRo Ship from… Aug 14, 2024 0 PTML Nigeria, the largest Ro/Ro multipurpose port terminal in West Africa, has achieved a significant milestone by!-->…
Local Fear fades in US stocks, but history shows quick return to calm unlikely Aug 13, 2024 0 Last week, U.S. stocks experienced significant volatility, but the market is now calming down. The Cboe Volatility!-->…
Local Futures rise as PPI set to kick off data deluge Aug 13, 2024 0 Futures for major U.S. stock indexes increased on Tuesday as investors awaited producer price data, which could!-->…
Business US small business sentiment near 2-1/2-year high Aug 13, 2024 0 U.S. small-business confidence rose to its highest level in nearly 2.5 years in July, indicating that concerns!-->…
Business US shale companies produce more crude using fewer rigs Aug 13, 2024 0 U.S. shale producers are increasing oil output by enhancing drilling efficiency without additional spending, as!-->…
Currency Naira rises to N1,580/$ in parallel market Aug 13, 2024 0 The Naira gained value in the parallel market, reaching N1,580 per dollar, up from N1,585 per dollar last weekend.!-->…
Business Alleged 5.4bn shares: CBN, FBN Holdings ask court to dismiss Barbican Capital’s… Aug 13, 2024 0 The Central Bank of Nigeria (CBN) and FBN Holdings Plc are asking a Federal High Court in Lagos to dismiss a!-->…
Business DMO offers two new FGN bonds Aug 13, 2024 0 The Debt Management Office (DMO) has launched two new Federal Government of Nigeria (FGN) savings bonds for!-->…
Business Equity market begins week with N404bn loss Aug 13, 2024 0 The Nigerian equity market ended the first trading day of the week with a decline, as the All Share Index fell by!-->…
Business Nigeria’s fiscal deficit drops 29% to N2.82trn Aug 13, 2024 0 Nigeria’s budget deficit decreased by 29% in the first quarter of 2024, falling to N2.83 trillion from N3.96!-->…
Banking Providus Bank pays Unity price for national dreams Aug 13, 2024 0 Providus Bank is set to acquire Unity Bank, a financially troubled but strategically important bank, following!-->…
Energy Q2: Demand for crude oil by local refineries rises to 597,700 bpd Aug 13, 2024 0 However, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has only managed to secure 177,777 bpd from!-->…
Business Air Peace: FG writes UK, threatens to bar British carriers from Lagos, Abuja… Aug 13, 2024 0 Nigeria's Minister of Aviation and Aerospace Development, Festus Keyamo, has escalated the issue of Air Peace's!-->…
Business Inflation: 67% of MSMEs report decline in demand for their products and services –… Aug 13, 2024 0 A new report by Price Waterhouse Coopers shows that 67% of Nigerian Micro, Small, and Medium Enterprises (MSMEs)!-->…
Local We’re raising capital for expansion, SME support –Umeoji, Zenith Bank CEO Aug 13, 2024 0 Zenith Bank Plc plans to raise N290 billion through its current offer to boost its operations across Africa and!-->…
Business Nigeria’s crude oil production now 1.3mbpd – OPEC Aug 13, 2024 0 Nigeria's average daily crude oil production saw a minor increase to 1.307 million barrels per day in July, as per!-->…
Business Zenith Bank, Access, FBN Holdings, 7 others receive highest FX from CBN Aug 12, 2024 0 The Central Bank of Nigeria (CBN) recently held a Retail Dutch Auction System (RDAS) to address the growing demand!-->…
Stock Equities market records 0.87% growth in 1 week, investors gain N481bn Aug 12, 2024 0 The Nigerian equities market experienced a positive turnaround, with the All-Share Index (ASI) rising by 0.87%!-->…
Business Popoola commends FCMB’s digital approach in N110.9bn public offer Aug 12, 2024 0 The Group CEO of Nigeria Exchange Group (NGX), Temi Popoola, commended FCMB Group for its digital innovation in!-->…
Business Currency devaluation threatens NGX’s leadership as Africa’s top stock market Aug 12, 2024 0 The Nigerian Exchange Limited (NGX) started 2024 with strong performance, recording a 26.43% year-to-date return!-->…
Business Arthur Eze’s Oranto Petroleum signs oil deal in Venezuela Aug 12, 2024 0 Atlas Oranto Petroleum International Limited (AOPI) has expanded its global footprint by signing an oil!-->…
Energy Nigeria’s financial struggle persists as Niger, Togo, others fail to defray… Aug 12, 2024 0 Nigeria is facing increasing financial strain as international customers failed to pay $14.19 million for!-->…
Banking Lack of BVN stalls 18% Heritage Bank’s depositors from reimbursement – NDIC Aug 12, 2024 0 The Nigeria Deposit Insurance Corporation (NDIC) has announced that 82.36% of insured deposits belonging to!-->…
Business Minister writes UK over Heathrow slot for Air Peace to avoid diplomatic row Aug 12, 2024 0 Festus Keyamo, Nigeria's Minister of Aviation and Aerospace Development, has lodged a formal complaint with his!-->…
Business Barbican Capital sues First Bank for wrongly stating shareholding Aug 12, 2024 0 Barbican Capital Limited, the largest shareholder of FBN Holdings, has filed a lawsuit against the bank to address!-->…
Finance Nigeria’s debt service-to-revenue may return to 98% in 2 years, economist warns Aug 12, 2024 0 Economist Paul Alaje criticized the Nigerian government’s simultaneous removal of petroleum subsidies and!-->…
Banking NDIC pays N5m to Heritage Bank’s depositors Aug 12, 2024 0 The Nigeria Deposit Insurance Corporation (NDIC) has successfully disbursed N5 million each to 82.36% of Heritage!-->…
Technology NASENI launches app for CNG conversion Aug 12, 2024 0 The National Agency for Science and Engineering Infrastructure (NASENI) has introduced the MY-CNG App to!-->…
Business NiMet’s air quality monitoring network in deplorable state Aug 12, 2024 0 A recent audit conducted by the Nigerian Meteorological Agency (NiMet) has found its air quality monitoring!-->…