Stock Investors Lose N304bn In One Week   The All-Share Index and market capitalisation depreciated by 1.08 per cent to close the week at 51,355.74 as the market capitalisation shed N304bn to close the week at N27.963 tn. The year-to-date returns...

Transaction Errors: 4.6million Customers Groan, Demand N137bn From Banks   Six Deposit Banks in Nigeria received 4,595,628 million complaints from their customers within a period of one year with the total amount of refund being claimed hitting N137.62bn. This was disclosed in...

Insurance Claims Now N1.5trn - NAICOM   Insurance companies paid N1.5trn claims in six years as businesses increased. The biggest advertisement needed to promote insurance patronage is prompt claims settlement according to industry experts. The Nigerian underwriting companies have so far paid N1.5tn...

USA Budgets $5.7m To Support Nigeria   The United States of America plans to assist Nigeria with $5.7m to manage elections. This was according to the Congressional Budget Justification for Foreign Operations document for Fiscal Year 2024 obtained by our correspondent. Economic Confidential...

Nigeria’s Indebtedness To World Bank Hits N6trn   Nigeria’s borrowing from the World Bank has risen by 121.46 per cent under the regime of President Muhammadu Buhari. Economic Confidential learnt that the total debt owed to the World Bank Group by Nigeria...

NNPC: Where Are Our Refineries after 8 years?   The funds we have been spending on subsidies could buy us brand new refineries off the shelf. The NNPC awarded homongous contracts for the rehabilitation or refurbishment of our four national refineries, and...