The Bank of England on Tuesday unveiled new designs of British banknotes featuring the image of new monarch King Charles III. News reports on the monetary measure indicate that the new £5, £10, £20 and £50 notes will be printed only to replace worn-out currency or to meet any increase in demand, so bank notes […]
Airline Operators of Nigeria (AON) on Tuesday expressed serious concern over impending Jet A1 (aviation fuel) scarcity, saying the ugly situation may threaten flight services during the Yuletide season and New Year festivities nationwide. The operators, in a statement signed by its spokesman, Prof. Obiora Okonkwo, said there were already signals that the scarcity is […]
Trading activities on the floor of the Nigerian Exchange (NGX) closed Tuesday on a negative note with market capitalization dipping by N1 billion, as bears regained hold on the bourse. As expected, the All Share Index (ASI) closed at 49.316.29 points, even as market breadth closed negative despite the fact that UPDCREIT led 11 gainers. […]
The Securities and Exchange Commission (SEC) Nigeria has approved the regulations for listing on the Nigerian Exchange’s Technology Board. The NGX, intends to use the Technology Board, which is a specialized listing and capital-raising platform for technology-based businesses, to promote investments in African and indigenous technology-oriented businesses, give these businesses more prominence, and grow the […]
African leaders and the United States government have underscored the need for increased investment and prioritization of nutrition across the African continent. The African Development Bank (AfDB), through the African Leaders for Nutrition, the Nutrition CEO Council and the African Union Commission, convened a high-level discussion on 12 December, on the sidelines of the U.S.-African […]
….as Kerosene price rises 145.68% year-on-year The National Bureau of Statistics (NBS) has reported that the average retail price paid by consumers for Premium Motor Spirit (Petrol) for November 2022 was N202.48, indicating a 29.81% increase when compared to the value recorded in November 2021 (N167.60). The Bureau, in its latest ‘Premium Motor Spirit […]
The Minister of Communications and Digital Economy, Prof. Isa Pantami, has met with representatives of Space Exploration Technologies Corporation (Space X), the World Bank Group and Google Corporation to seek their support for the Federal Government’s efforts in the development of Nigeria’s digital economy. While the minister’s meeting with the World Bank and Google were […]
The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Mr. Lamido Yuguda, has reiterated the commitment of the executive management of the commission to continue to create awareness, impart knowledge and engender public participation on issues relating to fintech, sustainable finance, financial inclusion and non-interest financing in the country. Yuguda explained that the effort to […]
Trading activities on the floor of the Nigerian Exchange (NGX) closed on Monday on a positive note with the market capitalization growing by N53 billion as bulls regained control of the bourse. Available data from the market regulators on the day’s trading session showed that the All Share Index (ASI) increased by 0.20% to close […]
The National Bureau of Statistics (NBS) on Monday reported that Federal Government raked in N810.19 billion from Company Income Tax (CIT) in the third quarter (Q3) of this year. The Bureau, in its CIT Report for the Third Quarter 2022, disclosed that the accruals in the quarter represented a growth rate of 13.41% on a […]