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FG To Commence Port Harcourt-Bonny-Maiduguri Rail Project

The Minister of Transportation, Rotimi Amaechi , on Thursday assured that the federal government would commence work on Port Harcourt-Bonny-Maiduguri railway project on completion of the Lagos-Ibadan standard gauge. The Minister, who gave this hint in Ibadan, Oyo State, during an inspection tour on the Lagos-Ibadan railway project to ascertain the level of work done […]

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Nigeria, Others Require $1.2Trn For Citizens’ Social Protection – ILO

The International Labour Organisation (ILO) on Thursday said that to guarantee at least basic income security and access to essential health care for all in 2020 alone, developing countries should invest approximately US$1.2 trillion, representing on average 3.8 per cent of their GDP. The global labour organization in its latest Policy brief, noted that since […]

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Investors Lose N4Bn As Bulls’ Hold On Market Weakens

Nigeria’s capital market trading session ended sluggishly on Tuesday with the market capitalisation dipping by N4 billion to N13.354 trillion as against preceding day’s bullish trend which pushed the capitalization value to N13.358 trillion. At the close of the day’s trading session, the Nigerian Stock Exchange’s (NSE’s) All-Share Index (ASI) dropped by 0.03 percent to […]

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COVID-19: SEC Committee Donates Infrared Thermometers To Enugu Govt

The Capital Market Support Committee on COVID-19 (CMSCC) on Friday donated 150 units of infrared thermometer to Enugu State Government for the prevention of COVID-19 pandemic infections in schools. The items were presented by the leader of the committee, Chief Patrick Ezeagu, to the Deputy Governor, Mrs. Cecelia Ezeilo, at the Government House, Enugu. Ezeagu, […]

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FMDQ Securities Approves Mixta Real Estate, CardinalStone Partners’ Commercial Papers

FMDQ Securities Exchange Limited (“FMDQ Exchange” or “the Exchange”), has approved the quotation of the Mixta Real Estate PLC N2.39bn Series 28 Commercial Paper under its N20.00bn Commercial Paper Issuance Programme and the CardinalStone Partners Limited N5.00bn Series 1 Commercial Paper under its N10.00bn Commercial Paper Issuance Programme on its platform. The approval of the […]

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Nigeria’s Equity Market Upbeat, As Investors Gain N37Bn

Trading on the Nigerian Stock Exchange (NSE) floor ended positively on Friday as investors gained N37 billion following price appreciation in some blue chips. At the close of the day’s trading, the market capitalisation rose by 0.28 per cent to close at N13.350 trillion, up from the N13.313 trillion it closed the previous day. As […]

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Utomi, Oramah, Others Rate Global Trading System Unfair To Africa

Most Chief Executive Officers (CEOs) in Sub-Saharan Africa (SSA) believe that as currently structured the global trading system remains unfair to Africa and explicitly called for a fairer system governing global trade that will support developing countries The corporate leaders’ verdict on the global trading system was given in a survey of 200 CEOs commissioned […]

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Nigeria’s Debt Stock Up N31.009Trn Amid Borrowing Spree

The Debt Management Office (DMO) on Wednesday reported an increase of N2.38 trillion in Nigeria’s public debt stock in three months (April-June 2020) thereby pushing the nation’s debt stock to N31.009 trillion or $85.897 billion at the end of half year 2020. At the end of the first quarter, the total public debt stock, comprising […]

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Nigeria Should Improve Liquidity, Capital Inflows For Growth – Teriba

Nigeria’s leading economist and public finance analyst, Dr. Ayo Teriba, has urged the federal government to explore the opportunities availed by the current liquidity glut globally occasioned by the COVID-19 pandemic to attract capital flows to the economy. The option, he said, would help to stabilize the national currency exchange rate, increase domestic liquidity and […]

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Nigeria’s Capital Market Traded Volume Dipped 45.46% On Friday

The volume of shares traded on the Nigerian Stock Exchange (NSE) on Friday dropped by 45.46 per cent as investors traded 137.05 million shares worth N920.53 million in 2,869 deals. In the previous day trading session, 251.29 million shares valued at N1.58 billion exchanged in 2,954 deals. Despite the drop in volume f traded shares, […]