Nigerian Stock Market Surges by N704bn   The Nigerian equity market gained N704bn in six days, pushing the market capitalisation above N60tn. At Monday’s close, investors gained N330bn, and market capitalisation hit N60.6tn, with 740.89 million shares worth N16.88bn traded in 10,430 deals. This represented a 39...

'Dangote Refinery Received $1bn Loan from NNPCL'   The Nigerian National Petroleum Company Limited (NNPCL) has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also stated that the...

MAAUN Gets NUC Approval to Commence Medicine, Architecture and Other Academic Programmes The Maryam Abacha American University of Nigeria (MAAUN) in Kano has celebrated a significant achievement as it received official approval from the National Universities Commission (NUC) to commence Medicine, Architecture and other Academic...

CBN Clarifies Validity of Old Naira Notes, Dismisses December 31 Deadline   The Central Bank of Nigeria (CBN) has observed the misinformation regarding the validity of the old #1000, #500, and #200 banknotes currently in circulation. In line with the Bank’s previous clarifications and to offer further...

Fact-Check: No Inheritance Tax in Tinubu's Tax Reform Bill, Says PRNigeria PRNigeria has debunked claims that inheritance tax has been introduced into President Bola Ahmed Tinubu’s Tax Reform Bill to target Muslims. The assertion, which gained traction on social media platforms, particularly WhatsApp, was based...

Nigeria’s Money supply Jumps 48% to N107.7trn in 2024 - CBN Nigeria’s broad Money Supply (M²) increased by 48.3 percent year-on-year, YoY, to N107.7 trillion in October 2024, from N72.6 trillion in the corresponding period of 2023. According to the Central Bank of Nigeria, CBN, Money...