Business

Banking, Insurance Stocks Drop As Market Sheds Nearly N20bn           Equity investors in the Nigerian Exchange Limited lost N19.51bn on Monday as the market capitalisation slid...

DPR Shuts 11 Illegal Gas Plants, Petrol Stations In Abuja             The Department of Petroleum Resources (DPR) has sealed 11 illegal gas plants as well as...

Oil Benchmark Dispute Delays MTEF/FSP Consideration In Senate           The disagreement between the leadership of the Senate and the joint Senate committees that worked on the...

It’s Compulsory For Nigerians To Accept e-naira - CBN           The Central Bank of Nigeria says the e-naira which is set to be launched on October...

AbokiFX: BDCs Halt Exchange Rate Publication, Naira Slides Further             The naira defied all interventions and continued sliding against other currencies, exchanging 580 to the dollar...

Dangote Says Sugar Master Plan Can Save $700m Yearly           The Chairman of the Dangote Sugar Refinery Plc, Aliko Dangote, has stated that the National Sugar...

NNPC Records Crude Oil, Gas Sales of $219.75m in May The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas...

Fed Govt Records N817.35bn Trade In Agricultural Goods In Q2, 2021           The Federal Government recorded N817.35 billion trade in agricultural goods in the second quarter...

Amid Dividend Announcements, Investors Gain N11.46bn             The Nigerian Exchange Limited’s equities market gained N11.46bn at the end of the week as dividend announcements renewed investors’...

Fed Govt Plans $2,300 GDP Per Capita By December           The Federal Government has said that it expects Nigeria’s Gross Domestic Product per capita to rise...

Customers Scam Banks With Fake Visas, Tickets For Forex             The Central Bank of Nigeria has vowed to engage financial crime fighting agencies to pursue fraudsters...

Naira Depreciation Threatens Economy’s Outlook - LCCI           The continuing depreciation of the naira is affecting business activities and threatening Nigeria’s corporate outlook with wide implications...

SEC Commences 100% Custody Requirement in CIS In a bid to further protect investors and deepen the capital market, the Securities and Exchange Commission has...

Naira Declines Further, Exchanges For 570/$           The naira continued its downward trend after exchanging to the dollar for 570 on Thursday. A week earlier, the naira...

Capitalisation Down By N30bn As NGX Revises Gains             Transactions on the floor of Nigerian Exchange Limited (NGX) reversed gains to close on a downturn yesterday...

'High Crude Oil Prices To Linger'           The Bank of America has stated that the price of the international crude oil benchmark, Brent, could hit $100...

Firms Imported Gas From US, Algeria In August – PPPRA             Of the 85,264.8 Metric Tonnes of Liquefied Petroleum Gas consumed in the country in August,...

Jaiz Bank Wins Global Most Improved Islamic Bank Award Jaiz Bank Plc, Nigeria’s premier non-interest bank has been announced the Most Improved Islamic Bank 2021...

‘Nigeria Imports $20bn Machineries, Others From Taiwan Yearly’             Nigeria spends about $20 billion on imports of machinery, chemicals and other goods from Taiwan annually. The...

CBN Set To Establish Nigerian International Financial Centre             Nigeria is to establish the Nigerian International Financial Centre (NIFC) modelled after New York, London and Singapore...