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...

Ogun Assembly Blacklisted Pat Utomi for Shady Deals - Amosun Former Ogun State Governor, Senator Ibikunle Amosun, yesterday, said the reason renowned Professor of Political Economy, Pat Utomi, posted some snide remarks about him on X was because he refused to feed his entitlement mentality...

FG Moves N150bn Business Loan Disbursement to September The Federal Government has shifted the start of the N150 billion loan disbursement for manufacturers and micro, small, and medium enterprises until September. The Minister of Industry, Trade, and Investment, Dr Doris Uzoka-Anite, confirmed this during a meeting...

CBN Reveals $343m Decline in External Reserves Nigeria’s foreign exchange reserves dipped by $342.97m to $36.53bn in nine days, data from the Central Bank of Nigeria on Sunday showed. The decline in the country’s foreign exchange reserves comes amid the recent sale of $876.26m to meet...

Nigeria and Equitorial Guinea have expressed a desire to strengthening their economic cooperation in order to further their shared interests.