Market Closes Flat After Bearish Trend   The Nigerian Exchange Limited closed flat on Wednesday following days of bearish trading. At the end of the trading, the All-Share index settled at 51,953.41 points. Consequently, year-to-date returns came in at 1.37 per cent...

FG Approves N23bn for Maintenance of Third Mainland Bridge, Others   The Federal Government has approved the sum of N23.33bn for surface maintenance of the Third Mainland Bridge, Lagos State, as well as the augmentation of the contract sum for the...

NGX Slams N11.7m Fine On Four Companies Over Default Filings   For failing to file their financial statement after the regulatory due date, the Nigerian Exchange Limited (NGX) has fined about four companies listed on its main board. According to the Exchange’s...

AMCON Bars Arik Air Founder From Entering Airline’s Premises   A little drama unfolded at the Murtala Muhammed International Airport in Lagos on Tuesday, when the management of Arik Air prevented the chairman/founder of the airline, Chief Johnson Arumemi-Ikhide, from accessing...

Public Debt Stock Increased By 4.96% To N46.25trn In Q4, 2022   The country’s total public debt stock increased by 4.96 per cent to N46.25 trillion ($103.11 billion) in the fourth quarter of last year (Q4 2022) compared to N44.06 trillion...

Gas Flaring: FG Imposes N22bn Fine On Oil Firms   The Federal Government will impose $49m (N22bn) fine on oil and gas firms operating onshore for flaring 24b Standard Cubic Feet of gas valued at about N40b ($86m) between January and...