In Five Years, DBN Disbursed N334bn To MSMEs
The Managing Director/Chief Executive, Development Bank of Nigeria (DBN), Dr. Tony Okpanachi, has said the bank disbursed N334 billion to 135,000 Micro Small and Medium Enterprises (MSMEs) between 2017 and 2020 which...
SEC Initiates Measures To Tackle Fraud, Unclaimed Dividends
The Securities and Exchange Commission (SEC) is planning to provide capital market participants with unique identifiers in order to reduce fraud and the quantum of unclaimed dividends, a statement by the commission...
Oil, Gas Stocks Gain N355.8bn In Four Months
The unprecedented bull run recorded in the country’s stock market that resulted in over an N5 trillion increase in market capitalisation, coupled with the surge in global crude oil prices, impacted positively...
Investors Target $14.16bn Investments From FAAN’s Aviation Conference
As the Federal Government works toward increasing the aviation sector’s contribution to the Gross Domestic Product (GDP) from $1.7bn annually to $14.16bn in the next 20 years, stakeholders in the sector, industry...
Nigeria’s Foreign Reserves Drop To $39.5bn
Nigeria’s foreign reserves stood at $38.483bn by May 31, 2022, declining by five per cent from $40.521bn reported by end of December 2021, according to the calculations of reserves movements on the Central Bank...
FG Spent N1.5trn On Petrol Imports In Q1, 2022
The National Bureau of Statistics (NBS) has disclosed that Nigeria spent N1.51tn on the imports of premium motor spirit, also known as petrol, in the first quarter of 2022.
This was 25.54...
