E-Payment Hit Monthly All-Time High Of N33trn In August   Data released by the Nigeria Inter-Bank Settlement Systems (NIBSS) has revealed that transactions worth N33.2 trillion were performed electronically in August through the NIBSS Instant Payment platform (NIP). The latest figure brings...

Stock Investors Lose N189bn In One Week   Investors lost N189bn at the end of trading on the floor of the Nigerian Exchange Limited last week. The NGX All-Share Index and market capitalisation of equities listed on the NGX depreciated by 0.7...

Despite Ukraine War, Nigeria’s Russian Imports Increase By 143%   Amid the attacks on Ukraine, Nigeria has increased its imports from Russia by 143.21 per cent, according to the foreign trade report of the National Bureau of Statistics for the second...

We Lose $700m Monthly To Oil Theft - NNPC   The Nigerian National Petroleum Company Limited (NNPCL) says it loses 470,000 bpd amounting to $700m monthly to the activities of oil thieves. The Group General Manager, Crude Oil Marketing Department, Rose Eshiett,...

NIMASA Seeks Location For N50bn Floating Dock   The Nigerian Maritime Administration and Safety Agency (NIMASA) says the agency is yet to get a location for the N50bn floating dock. The Director-General, NIMASA, Dr Bashir Jamoh, said no one has started or...

Insurance Sector Records 17.28% Growth In Q2, 2022   The insurance sector grew by 17.28 per cent in the second quarter of 2022, according to figures obtained from the National Bureau of Statics’ Gross Domestic Product report for the period. The NBS...