FG spends N1.243tn Monthly As Fuel Subsidy Hits N600/Litre – Operators
The amount spent as subsidy by the Federal Government on every litre of Premium Motor Spirit; popularly called petrol, consumed…
Category: Local
Firm Invests N24bn In Edo Integrated Farm
Saro Group of Companies has invested not less than N24bn in an integrated farm in Edo State; in a concerted…
Nigeria’s Bitcoin P2P Surge By 25% In 180 Days Amid Falling Naira
Despite government rules limiting crypto trades within financial institutions to protect citizens and monitor the technology’s growth. Many Nigerians have…
Naira Falls At Official Market Despite Slight Improvement In FX Supply
The exchange rate between the naira and the US dollar closed at N420.25/$1 at the Investors and Exporters (I&E) window.…
Wema Bank Launches Innovation Challenge For Kids
Wema Bank Plc has unveiled its Kids’ innovation challenge aimed at encouraging children. This, however, It teaches them to ideate…
Analysis: Food Export Bans, From India To Argentina, Risk Fueling Inflation.
It only took 24 hours last month for Prime Minister Narendra Modi’s government in India. The world’s second-largest producer of…
Banking Body Urges Decisive Wave Of Global Rate Hikes To Stem Inflation.
The world’s central bank umbrella body, the Bank for International Settlements (BIS), has bawl for interest rates to be uplift;…
Telecom Firms’ Operating Costs Rise by N265bn – Nigerian Communications Commission.
The operating costs of telecommunication companies in Nigeria rose from N1.4tn in 2020 to N1.66tn in 2021. This shows an…
China Approves ICBC-Goldman Joint Venture To Offer Wealth Services
Industrial and Commercial Bank of China (601398.SS), (1398.HK) (ICBC) said its wealth management joint venture with Goldman Sachs Group Inc…
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…
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…