Trading at the Nigerian Exchange (NGX) closed positive on Thursday amidst buy-interests and sell-offs as bulls dominated the session, thereby boosting the broad market’s value. At the end of the day’s trading session, the All Share Index (ASI) appreciated by 1.05% to close at 54,413.21 points while the market capitalization grew by N441 billion to […]
The Securities and Exchange Commission (SEC) Nigeria has expressed optimism that the passage of the Investments and Securities Bill (ISB) 2023 and its signing later by the President will create new investment opportunities in the nation’s capital market and improve its contributions to the Gross Domestic Product (GDP) The commission’s Director-General, Mr. Lamido Yuguda, pointed […]
Trading at the Nigerian Exchange (NGX) closed positive on Wednesday amidst buy-interests and sell-offs as bulls dominated the session, thereby driving up the broad market’s value At the end of the day’s trading session, the equities market’s All Share Index (ASI) appreciated by 0.90% to close at 53,603.8 points while the market capitalization grew by […]
The Nigerian Communications Commission (NCC) has reported that Nigeria’s active telecommunications services subscriptions across the Mobile Network Operators’ (MNOs’) networks increase by 15% year-on-year to N226.8 million in February this year. The active mobile subscriptions report by commission showed that the four major MNOs’, namely MTN, Globacom, Airtel and 9mobile, subscriptions rose by 29 million […]
The Central Bank of Nigeria (CBN) has released an exposure draft of regulatory guidelines for change of operating licence for banks and Other Financial Institutions (OFIs) in the country. In a circular issued on 28th March and signed by its Director, Financial Policy and Regulation Department, Chibuzo Efobi, the apex indicated that the guidelines were […]
….projects 2.2% yearly growth for global economy The World Bank Group has highlighted some policy actions for Nigeria and other countries to prioritize in their development plans to avert growth slowdown in the years ahead as the global economy’s “speed limit”, the maximum long-term rate at which it can grow without sparking inflation, is set […]
….As Buhari Tasks Firm On Protection Of Environment The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday spudded the Ebenyi-1 oil well located in Obi Local Government area of Nasarawa State as part of the Federal Government’s drive for oil and gas exploration and production in the frontier basins across the country. In his […]
The Nigerian Meteorological Agency (NiMet) and the Central Bank of Nigeria (CBN) have signed a Memorandum of Understanding (MoU) for the purposes of improving agricultural productivity in food and by implication, ensure food security in the country. The terms of the agreement indicated that farmers would receive weather forecasts through the meteorological agency to guide […]
The Nigerian Communications Commission (NCC) has restated its commitment to consulting stakeholders on issues affecting telecommunication services deployments and developments, in line with its culture of inclusiveness, collaboration and partnership as predicated in its strategic focus. The Executive Vice Chairman (EVC) of the Commission, Prof. Garba Danbatta, gave the assurance when a delegation of Food […]
The Naira recorded marginal gain in its exchange rate against the US dollar on Tuesday at the parallel market, to trade at an average rate of N745/S1 from the N746/$1 it traded on Monday. Some FX dealers in the parallel market linked the local currency’s gain to prospect of improved business activities in the economy […]