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…
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…
Debt Management Office Says Subscriptions For FGN Bonds Rose From N100 Million To…
The Debt Management Office (DMO) stated that subscription to FGN savings bonds has increased from about N100…
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…
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…
Neveah Limited Issues N5.7 Billion Series 3, Series 4 Commercial Paper Programme
Neveah Limited has announced the quotation of its Series 3 and Series 4 Commercial Paper Issuances on the FMDQ…
Investors Lose N247.62 Billion In Two Top Nigerian Banks Year-To-Date As Sell…
Sell pressure witnessed on shares of the top two Nigerian banks in market capitalisation Zenith Bank Plc and GTCO…
Wema Bank Stock Gains 340% In 6 Months
The NGX Banking index is designed to provide an investable benchmark to capture the performance of the banking…
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)…
Canada’s Inflation Jumps 7.7% In May, The Highest Since January 1983
Canada’s annual inflation rate skyrocketed to 7.7% in May 2022, the highest since January 1983.This was disclosed…
Samsung Australia Fined $9.7 Mln Over False Water-Resistance Claims.
Australia's competition regulator said on Thursday a court ordered the local unit of Samsung Electronics…
Recession Fear Stalks Oil, Copper And Stocks.
Global markets fell as investors worried that further rises in interest rates to quell decades-high inflation…
Telegram Hits 700 Million Users, Launches Premium Subscription-Based Service.
Telegram has stated that it is able to reach a 700 million monthly active users milestone from personal…
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…
Despite Falling Below $20,000, Over 50% Of Bitcoin Addresses Are Still In Profit.
Data from on-chain analytics firm, Glassnode, reveals that more than half of Bitcoin wallet addresses existing are…
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…
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…
Stock Investors Lose N767bn In One Week
Investors lost N767bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The market…
States To Lose N19bn In Oil, Gas Revenues In 2022 – World Bank.
The World Bank has said that Nigerian states will likely lose N18.8bn in oil and gas revenues in 2022. As…
FG, World Bank, AFD To Spend $575m On Rural Roads
The Federal Government has signed a tripartite agreement with the World Bank and the French Development Agency.…
Airfares Surge By 52% Over Forex, Jet-A1 Crisis
The National Bureau of Statistics data says that in the past 12 months. The average airfare paid by passengers on…
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);…
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…
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…
Manufacturers Reduce Investment By 61%, Borrowing Cost Hits 22%
Nigerian manufacturers reduced their investments in the economy by 61% between 2018 and 2021. This from economic…
Russian Rouble Firms To 7-Year High Past 53 Vs Dollar In Moscow Trade.
The rouble jumped on Wednesday to its strongest mark in seven years against the dollar and euro. Supported by…
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…
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…
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…
UK Inflation Hits 40-Year Record, Highest In G7
Soaring food prices pushed British consumer price inflation to a 40-year high of 9.1% last month. The highest rate…