Investors Gain N1.18tn on Oil, Insurance Boost
The Nigerian Exchange closed on a positive note on Wednesday, as buying interest in insurance and oil and gas stocks drove a broad-based rally, resulting in a market capitalisation gain of N1.18tn, the largest single-day rise recorded so...
FG Raises N4bn from June Savings Bond - DMO
The Federal Government of Nigeria has raised a total of N4.01bn from its June 2025 Savings Bond issuance, according to the allotment results released by the Debt Management Office on Wednesday.
The offer, which ran from June...
USSD Debt: Telcos to Gain Direct Access to Funds
Telecom subscribers, banks, and network operators have agreed to a new billing framework that allows telecom companies direct access to revenue generated from USSD services.
The arrangement, approved by the Nigerian Communications Commission (NCC) and the Central...
NASS Recovers N86m, Probes 13 Oil Firms Over $457m Unremitted Funds
The House of Representatives Public Accounts Committee has warned 13 non-compliant oil companies to appear before it to answer questions in the ongoing probe of non-remittance of money due to the Federal Government, or...
FAAC: FG, States, LGs Share N1.659tn Revenue for May
The Federation Account Allocation Committee (FAAC) has distributed a total of N1.659 trillion among the three tiers of government for May 2025.
This was disclosed in a communiqué issued on Wednesday after the June meeting chaired by...
Land Grabbing: Trouble Looms at 12 Crescent FHA, FHA Estate in Apo/Guzape
Tension is building up around the 12 Crescent of FHA estate in Apo/Guzape, in Abuja, Federal Capital Territory, following the activities of land grabbers in the area.
The matter which is in court has...
