N130bn USSD Debt: Telcos Threaten Court Action Against Banks   Telcommunications operators (Telcos) under the aegis of the Association of Licensed Telecoms Operators of Nigeria (ALTON), have threatened to drag Nigerian banks to court over the unpaid Unstructured Supplementary Service Data...

How States Obtained N26.31bn Excess Crude Account Loans   State governments have acquired about N26.31bn loans from the Excess Crude Account facility, which is meant for implementing development and infrastructural projects. Findings showed that a total of about N183.1bn excess crude account...

Investors Record N409bn Gain on NGX   Equities market investors gained N409bn in the past week as the Nigerian Exchange Limited (NGX) saw a marginal increase in trading activities with the All-Share Index rising by 1.12 per cent week-on-week to reach...

'Naira Under Pressure, Nigeria May Seek Dollar Loan'   The International Monetary Fund (IMF) has said the naira is currently under pressure and Nigeria is free to seek loan from the Fund to stabilise the currency if it considers a good...

Foreign Investments in Manufacturing Hit $861m   Total inflow of foreign investments into the Nigeria’s manufacturing sector increased by 88.17 percent year-on-year (YoY) to $861.16 million in the first half of 2023 (H1’23) from $457.66 million in the corresponding period of...

In 6 Months, Nigeria Exports Raw Cashew Worth N146.1bn   Nigeria exported N146.1bn worth of raw cashew in the first half of 2023, a report by the National Bureau of Statistics (NBS) has disclosed. The report titled Foreign Trade in Goods Statistics...