Afreximbank Revenue Now $1.47bn   The gross income of the pan-African multilateral financial institution, African Export-Import Bank, has risen to $1.47bn in the first half of 2024, compared to $1.12bn at the close of 2023. This was disclosed in a statement following the release of its consolidated...

Nigeria-Germany Trade Volume Hit $3bn In 2023   The Consulate-General of the Federal Republic of Germany in Lagos, Weert Borner, has said that the trade volume between Nigeria and Germany rose to $3bn in 2023 with Nigeria benefiting more from the trade pact. He added that crude...

In Six Days, Equity Market Loses N1.6trn The Nigerian Stock Exchange extended its bearish trend to the sixth consecutive trading session, losing N1.6tn during this period. The All Share Index fell by 1.36 per cent, closing at 95,781.68 points, down from the previous close of 97,100.31...

Report Reveals Nigeria Owes NNPC $4.9bn Fuel Debt The Federal Government owes the Nigerian National Petroleum Company Limited, almost half of what it plans to collect in revenues this year for the petrol subsidy it reintroduced in August last year, Bloomberg reported on Monday. The report...

Stock Market Slumps, Investors Lose N847bn Investors lost N847 billion in the stock market last week due to the negative impact of profit taking and selloffs on the Nigerian Exchange Limited. Consequently, the NGX market capitalisation, which represents the total value of investment on the Exchange,...

Transcorp's Expenses Rise to N21.2bn in H1 Transnational Corporation (Transcorp) Plc says its operating expenses increased by 50 percent to N21.2 billion in the first half (H1) of 2024. In a statement highlighting the H1 2024 report on Monday, Transcorp said the surge in operating expenses...