Equity Market Closes Bearish with N208bn  The Nigerian Exchange shed N208bn in market capitalisation, closing bearish on Wednesday. At the end of the day’s trading session, the market capitalization stood at N59tn. At the same time, the All-Share Index dropped by 343.31 points, representing a 0.35...

FG Says Nigeria-China Trade Volumes Highest In Africa, Hit $22.6bn in 2023 Vice President Kashim Shettima has revealed that Nigeria-China trade relations reached $22.6bn in 2023, making it one of the highest trade volumes between China and any African country. Shettima’s spokesman, Stanley Nkwocha, disclosed this...

Senate Intervenes as FG's Debt to Egbin Power Rises N1.6tn The Senate Committee on Privatisation has pledged to address the N1.6tn debt owed to Egbin Power Plc by the Federal Government. The Chief Executive Officer of Egbin Power Plc, Mokhtar Bounour, earlier disclosed in March that...

FG Eyes $1.27bn Investment from BRICS Countries, Says Shettima Vice President Kashim Shettima has disclosed that Nigeria attracted $1.27bn in foreign capital from BRICS countries by June 2024, marking a significant rise from the $438.72m recorded during the same period in 2023. The BRICS bloc comprises...

Dangote Refinery: NNPCL Reacts as Marketers Set to Boycott PH Refinery PMS Price The Nigerian National Petroleum Company Limited has denied speculations that it will sell higher than Dangote Refinery, saying it has not started selling its products to other oil marketers from its Port...

Reps to Question CBN, Banks over Unverified POS Operators The House of Representatives resolved to invite the Governor of the Central Bank of Nigeria, Olayemi Cardoso, and the Chief Executive Officers of commercial banks to appear before it to propose solutions to the challenges posed...