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Business and Economy
Foreign Reserves: CBN not contemplating devaluation of currency
The Governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, says the bank is not contemplating devaluation of currency following the drop in...
Banking sector gross credit grows by N2trn in 7 months – Emefiele
The Central Bank of Nigeria (CBN) says the Banking Sector Gross Credit has grown by two trillion naira in seven months.
The CBN Governor, Mr...
NSE: Market capitalisation sustains growth with N19bn
The market capitalisation of the Nigerian Stock Exchange (NSE) on Friday improved by N19 billion following gains by some blue chips.
Specifically, the market capitalisation...
Petroleum marketers threaten to down tools
Independent Marketers Association of Nigeria, IPMAN, Cross River State Chapter, has threatened to down tools over the alleged non-supply of kerosene to the...
NSE All-Share Index rebounds by 0.45%, amid renewed buying interest
Transactions on the nation’s bourse closed northward on Thursday with the market indices appreciating by 0.45 per cent after dropping for two consecutive days.
Speficially,...
Court gives EFCC nod to freeze N136m linked to army chief, Hakeem Otiki, in Fidelity Bank
Abuja, Jan. 22, 2020 (NAN) The Federal High Court, Abuja, on Wednesday, gave the EFCC the go-ahead to temporarily freeze the sum of $376,...
Katsina Govt. to spend N401m monthly on minimum wage
Katsina State Government says payment of the new minimum wage to workers in the state would cost it additional N401 million monthly.The state’s Commissioner...
NSE: Market indicators sustain downtrend by 0.02%
The Nigerian equities market sustained negative trend on Wednesday with the market indices dropping marginally by 0.02 per cent.
Speficially, the All-Share Index dipped 4.55...
UK-Africa Investment Summit scales up investment for Africa’s clean energy transformation
The British High Commissioner, Catriona Laing, says UK-Africa Investment Summit has scaled up investment for Africa’s clean energy transformation.
Laing said in a statement on...
Dangote Cement share buyback to be completed in 12 months — Official
Dangote Cement shareholders on Wednesday unanimously endorsed the company’s share buyback plans to be completed in 12 months.
The shareholders gave the approval at the...
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