Customs, Firm Sign $3.2bn Digitisation Deal, FG Targets $176bn Revenue
The Nigeria Customs Service and a consortium, Trade Modernisation Project Limited, signed a concession agreement worth $3.2bn. This is to…
Category: Local
Seven Communities Benefit From Ogun Resettlement Scheme-Nigeria.
The Ogun State government has said that seven communities in Agbara/Igbesa, Ado-Odo/Ota Local Government Area of Ogun State have received…
U.S. Stocks Rise As Yields Hit Two-Week Low; Copper Falls
Stocks on Wall Street rose on Thursday as U.S. Treasury yields fell to a two-week low, while copper was at…
15.64 Million Litres Of petrol Smuggled Out Of Nigeria Daily – Report
About 15.64 million litres of petrol are smuggled out of Nigeria daily. Nigerian petroleum products retail at an average 3.7…
MTNN, OANDO Lead Giners By Value, With NGX Market Cap Up By N130 Billion.
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 47…
Drinksdirect.ng And Cane Integrated Investment Ltd On Empowering Women And Young Adults In Collaboration with Stanbic IBTC
Empowerment program by Cane and drinksdirect.ng
Crypto Focus: Why SNX Is Up Over 100% Despite Market Crash
SNX, the native token that powers the Synthetix Decentralized Finance protocol, has surged in value in what is a defiance…
Tesla Under Pressure To Boost Wages To Attract Workers To German Plant
Electric carmaker Tesla (TSLA.O) is having to raise wages to attract employees to its new manufacturing plant outside Berlin. A…
Crypto Fears Now Materialising, Central Bank Body BIS Says
Recent implosions in the cryptocurrency markets indicate that long-warned-about dangers of decentralised digital money are now materialising, the Bank for…
CardinalStone Securities Limited Executes The Largest Block Deal In The Nigerian Capital Market
CardinalStone Securities Limited is pleased to announce the execution of the sale of 27,336,952,296 ordinary shares of Union Bank of…
Nigeria’s Sovereign Investment Authority (NSIA) Plans Takeover Of Power Plants
Reports indicate that Nigeria’s Sovereign Investment Authority (NSIA) is planning a takeover of underperforming government assets such as power plants.…
FG Inaugurates Committee To End Agro Exports Rejection- Nigeria.
Minister of Industry, Trade and Investment, Otunba Adeniyi Adebayo,inaugurated a committee to examine and end rejection of Nigeria agro produce…
Debt Management Office Says Subscriptions For FGN Bonds Rose From N100 Million To Over N1 Billion In Months- Nigeria.
The Debt Management Office (DMO) stated that subscription to FGN savings bonds has increased from about N100 million to over…
Domestic Foreign Transactions On Nigerian Exchange Hits N1.506trillion In 5 Months
The total value of domestic and foreign transactions on Nigerian Exchange Limited (NGX) for the first five months of the…
Odu’a Investment Company Declares N418.4 Million Dividend Payment To Shareholders
Odu’a Investment Company Limited has approved to pay its shareholders N418.4 million as final dividends for the 2021 financial year.…
Investors Lose N247.62 Billion In Two Top Nigerian Banks Year-To-Date As Sell Pressure Intensifies
Sell pressure witnessed on shares of the top two Nigerian banks in market capitalisation Zenith Bank Plc and GTCO Plc…
The NGX Continues Bullish Run As Market Cap Grows By Over N150 Billion
The NGX closed on a positive note amidst sell-offs and buy-interests as the benchmark All-Share Index (ASI) appreciated by 56…
Recession Fear Stalks Oil, Copper And Stocks.
Global markets fell as investors worried that further rises in interest rates to quell decades-high inflation would tip economies into…
Lunch With Billionaire Businessman, Warren Buffet Goes For $19 Million
Lunch with billionaire businessman, Warren Buffett became this year’s most expensive item at the auction for GLIDE. This a charity…
Central Bank Of Nigeria To Spend $1.7Billion To Clear FX Backlogs By September-IMF
The World Bank has stated that Nigeria’s external reserves expect to decline. As a result, the Central Bank of Nigeria…
Fuel Scarcity: Petrol Now Sold For N185/Litre In Lagos, Ogun States.
Fuel scarcity has worsened across Lagos, Ogun States, as filling stations now sell Premium Motor Spirit (PMS); popularly known as…
Nigeria Rallies Support For $13bn Trans-Saharan Gas Pipeline
The Federal Government charged all parties Nigeria, Niger and Algeria involved in the construction of the $13bn Trans-Saharan Gas Pipeline.…
Scarcity Hits Lagos, Abuja, Fuel Sells N180/litre As NNPC Cuts Supplies- Nigeria.
Fuel queues hit major cities of Lagos, Abuja and Ogun on Monday, forcing motorists to spend hours at filling stations.…
Bauchi Uncovers 6,418 Ghost Workers, Saves N1bn Monthly- Nigeria.
Bauchi State government says that it has removed no fewer than 6,418 ghost workers from its payroll. Since the inception…
Debt Servicing Doubles, Hits N896bn In Three Months– Report
Nigeria’s debt servicing bill has increased by 109% to N896.56bn, findings. As a result, the country has also spent N3.83tn…
MarketAxess, Tradeweb And Bloomberg Plan Joint EU Bond Price Feed.
MarketAxess, Tradeweb and Bloomberg said o they were exploring a single price feed for corporate and government bond. The EU…
Nigerian Airlines, Others To Lose $700m In 2022 – IATA
The International Air Transport Association (IATA) has said that Nigerian airlines and others across Africa will lose $700 million. This…
Prestige Assurance Sees N10.5bn Gross Premium In Q3’22- Nigeria.
Prestige Assurance Plc. has projected to achieve N10.500 billion gross premium written for the third quarter ending September 2022. The…
Cost Of 12.5kg Cooking Gas Hits N9,400 In May 2022, Highest In 3 Years
The cost of purchasing a 12.5kg cylinder of household cooking gas in Nigeria has increased from N7,000 in September 2021…
AIICO Insurance Declares Dividend Of 2 Kobo Per Share For Year Ended December 2021
AIICO Insurance Plc has declared a dividend of 2 kobos per share amounting to N732 million. This is regarding and…