Bullish Trend: Investors Gain N186bn in Market Capitalisation  The Nigerian Exchange Limited recorded a bullish trading session on Wednesday, as investors gained N186bn in market capitalisation, driven by buying interest in major consumer goods, banking, and oil and gas stocks. At the session’s close, the All-Share...

FG Approves Two Power Projects in Oyo The Federal Government has approved two major energy projects in Oyo State aimed at fortifying the national grid and addressing persistent power challenges. A statement by the media aide to the Minister of Power, Bolaji Tunji, disclosed that the...

Reps to Probe Customs, FMF Remittance to RMRDC The House of Representatives has resolved to probe the irregularities in the remittance of a two per cent surcharge on imports to the Raw Materials Research and Development Council by the Nigeria Customs Service and the Federal...

Rice Devt Council Bill Passes Second Reading - Senate The Senate on Wednesday passed through second reading a bill seeking to establish the National Rice Development Council to reposition the sub-sector in the agriculture value chain. Titled “A Bill for an Act to establish the National...

Naira Stable at ₦1,630/$ in Black Market Amid Lingering Forex Pressures ‎The naira remained stable on Wednesday in the parallel foreign exchange market, maintaining the same rate recorded at the close of trading on Tuesday. ‎A source at the Abuja black market told Economic Confidential that...

Equity Market Rebounds as Investors Gain N315bn  The Nigerian Stock Exchange witnessed a significant rebound at the close of Tuesday’s trading session, with a remarkable N315bn gain in market capitalisation. The market closed at N68.4tn, driven largely by key players such as Oando, Chellarams, and Transcorp,...