In One Week, Stock Market Investors Gain N2.7trn The Nigerian stock market recorded an impressive start in the first trading week of 2024, with investors gaining N2.7 trillion from their investment in the Nigerian Exchange Limited, NGX. Accordingly, the benchmark index,...

FX Liquidity Conditions To Remain Tight Amid $33bn Reserve Level   Despite Nigeria’s FX reserves starting the year on a positive note, economic analysts have said they expect FX liquidity conditions to remain tight pending receipt of expected FX inflows. According to...

Naira Scarcity: Nigerians Groan Over Prices Of Food, Medicines   Amid soothing promises by the Federal Government to make the economy better, Nigerians seem to experience the opposite. For starters, the naira scarcity horror that dampened yuletide fun has continued in the...

Military To Spend N5.8bn On Electricity Charges, Despite Payment Default   The three branches of armed forces have proposed to spend N5,817,782,952 in 2024 to pay electricity charges. The amount is despite the military fingered among the government agencies that occasionally owed...

EFCC To Splash Out N1bn on Local Travels, N413m on Vehicles The Economic and Financial Crimes Commission (EFCC) has planned to spend N1,055,633,61 billion on local travels, analysis of the 2024 budget has shown. The commission also budgeted N113.4m on training...

$2bn Debt: Airlines Get $62m As CBN Repays Banks The Central Bank of Nigeria (CBN) has paid $2bn to clear a part of its backlog of matured foreign exchange obligations to the Deposit Money Banks. Reports have put CBN’s forward contract...