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SEC to set up special units as unclaimed dividends hit N215bn
The Securities and Exchange Commission (SEC) is launching a special unit and developing a mobile application to…
Consumer Goods Companies report reduced margins in the first half of 2024, blame…
In the first half of 2024, consumer goods companies listed on the Nigerian Stock Exchange (NGX) reported a…
5,000MW power generation shameful, says minister
Minister of Power, Adebayo Adelabu, expressed strong discontent with Nigeria's current electricity generation…
NUPRC sued in 70 cases this year – Official
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has been involved in over 70 legal cases this year…
GTB confirms hackers attempt to compromise website
Guaranty Trust Bank Plc (GTBank) has confirmed an isolated incident involving an attempt to compromise its website…
Equity market extends loss to fourth consecutive day
The Nigerian equity market continued its downward trend on Thursday, marking the fourth consecutive session of…
Multi-billion naira Jauri Inland Dry Port to come on mainstream soon – Zulum
Governor Babagana Zulum of Borno State has reaffirmed the government's dedication to advancing the Jauri Inland…
Dangote Refinery Denies Setting Petrol Price at N600 per Litre
The Dangote Refinery has dismissed claims that it has set the price of Premium Motor Spirit (PMS), commonly known…
Chinese firm to invest $50m in tin, others in Nasarawa
Nizhong Mining Company, a Chinese firm, has announced plans to invest $50 million in the exploration and…
Senate to get bill for CBN’s N30trn Ways & Means liquidation
A bill aimed at liquidating the Central Bank of Nigeria’s (CBN) outstanding N30 trillion Ways and Means advances…
FG Approves Implementation of Zero Duty, VAT Exemption on Selected Food Items
The Nigerian federal government has approved a regulation implementing a Zero percent Duty Rate and Value Added…
MTN-MUSON Scholarship Program Opens for Music Talents
The MTN Foundation, in collaboration with the Musical Society of Nigeria (MUSON), has announced the opening of…
63 illegal refineries seized in one week – NNPC
The Nigerian National Petroleum Company Limited (NNPC) has discovered and confiscated 63 illegal refineries in the…
Coronation Merchant Bank Appoints Abiagam Acting Managing Director/CEO
Coronation Merchant Bank, a leading investment bank in Nigeria, has appointed Paul Abiagam as its Acting Managing…
70% Windfall Tax Burdensome, Ill-Timed – Bank Directors
The Bank Directors Association of Nigeria has expressed strong concerns about the recent imposition of a 70%…
Nigeria’s economy growing, recorded $55 billion non-oil export in 2023 – Wale Edun…
Finance Minister Wale Edun has assured Nigerians of economic progress under President Bola Tinubu, revealing that…
Goldman Sachs’s filing reveals $418 million in spot Bitcoin ETF holdings
Goldman Sachs disclosed a $418.65 million stake in U.S. spot Bitcoin exchange-traded funds (ETFs) in its latest…
Julius Berger’s share price climbs by 34.02% in two weeks
Julius Berger closed trading on August 13, 2024, at N130.00 per share, continuing a notable upward trend.
The…
AfDB Calls for Increased Private Sector Engagement in Climate Finance
At a recent conference in Kampala, Uganda, the African Development Bank emphasized the critical need for greater…
At N4.54tn, FGN Bonds, Sukuk Listings Out-pace Corporates on NGX
In the first seven months of 2024, Federal Government of Nigeria (FGN) Bonds and Sukuk listed on the Nigerian…
Nigeria’s International Payments Up 31%, Letters of Credit Outlay Down 63.3%
Nigeria's overseas payments increased by about 31% from January to May 2024, reaching $3.31 billion. This rise is…
Olam Agri Commits N6.5bn to Sustainable Social Investment in Nigeria
Olam Agri has launched a significant expansion of its Corporate Responsibility and Sustainability (CR&S)…
Credit to Private Sector Increased by 38% YoY in June
Credit to Nigeria's private sector saw a significant increase of 38% year-on-year in June 2024, reaching N73.12…
Fear fades in US stocks, but history shows quick return to calm unlikely
Last week, U.S. stocks experienced significant volatility, but the market is now calming down. The Cboe Volatility…
Futures rise as PPI set to kick off data deluge
Futures for major U.S. stock indexes increased on Tuesday as investors awaited producer price data, which could…
US small business sentiment near 2-1/2-year high
U.S. small-business confidence rose to its highest level in nearly 2.5 years in July, indicating that concerns…
Naira rises to N1,580/$ in parallel market
The Naira gained value in the parallel market, reaching N1,580 per dollar, up from N1,585 per dollar last weekend.…
Alleged 5.4bn shares: CBN, FBN Holdings ask court to dismiss Barbican Capital’s…
The Central Bank of Nigeria (CBN) and FBN Holdings Plc are asking a Federal High Court in Lagos to dismiss a…
DMO offers two new FGN bonds
The Debt Management Office (DMO) has launched two new Federal Government of Nigeria (FGN) savings bonds for…
Nigeria’s fiscal deficit drops 29% to N2.82trn
Nigeria’s budget deficit decreased by 29% in the first quarter of 2024, falling to N2.83 trillion from N3.96…