Nigeria’s equities market reversed Thursday’s bearish trend to close the week’s trading sessions on Friday positive in a very competitive buy-in and sell-off session that impacted on the local bourse’s broad performance. Data from the Nigerian Exchange Group (NGX) on the trading session showed that the benchmark All-Share Index (ASI) traded 0.29% higher to close […]
….says Savings Bonds’ allotments hit N5.06bn in five months The Nigerian Exchange Limited (NGX) has charged Nigeria’s investing public, especially retail investors, to explore the immense investment returns and other benefits of the Federal Government of Nigeria’s (FGN’s) debt instruments to improve their socioeconomic well-being on a sustainable basis. The Divisional Head of Capital Markets […]
….amid AON’s opposition to project, subsisting court order In what appears a confirmation of the outgoing President Muhammadu Buhari’s administration to walk its talk on the national carrier project, a Nigeria Air aircraft, which was earlier sighted early today at Addis Ababa Bole International Airport, Ethiopia, has reportedly landed at the Nnamdi Azikiwe International Airport, […]
The Nigerian National Petroleum Company Limited (NNPCL) has announced its signing of a series of agreements concerning Oil Mining License (OML) 130 with major oil exploration and production (E&P) companies in furtherance of its sustained efforts to improve Nigeria’s oil output on a sustainable basis. The company stated through its official Twitter account that the […]
Nigeria’s currency, the Naira, sustained its depreciative streak in exchange value against the US dollar on Thursday at the parallel market, trading at an average exchange rate of N765/$1, representing 0.26% dip in value when compared to the N763/$1 it exchanged at in previous day’s trading session. Some FX dealers in the Federal Capital Territory […]
With just less than one week to the end of his eight-year tenure, President Muhammadu Buhari has written a letter to the National Assembly, seeking the Senate’s approval for the payment of sundry judgment debts in the sum of $566,754,584.31, £98,526,012.00, and N226 billion The requested funds are the monies which the Federal Government owed […]
Trading on the Nigerian Exchange (NGX) floor maintained a bullish trend for the third consecutive day this week on Wednesday amid bullish bargaining with investors gaining N167 billion, thereby driving up the broad market performance Available data from the Nigerian Exchange Group (NGX), the market’s supervisory entity, showed that the All-Share Index (ASI) grew by […]
The Lagos State Government has announced the raising of N134.8 billion in long-tenure bonds to finance infrastructure projects in electricity and other key sectors in the state The State Governor, Babajide Sanwo-Olu, who made the disclosure late Tuesday via his official Twitter account, expressed optimism that the investment would boost the short- and long-term development […]
The Central Bank of Nigeria (CBN) has revoked the licences of 132 Microfinance Banks (MFBs), three four Primary Mortgage Banks (PMBs) and two other finance companies in furtherance of its regulatory roles in the nation’s financial system. The revocation of the licensed MFBs and other financial institutions (OFIs) licences was contained in a gazetted circular […]
The President of African Development Bank (AfDB), Dr. Akinwumi Adesida, has decried the lack of adequate financing for tackling climate change in Africa, saying that paucity of funds is “choking” the continent. Adesina, who made this remark on Monday while addressing journalists at a media lunch organized to kick off the bank’s 2023 Annual Meetings […]