NGX Loses N93bn as Global Equity Market Declines   The Nigerian equity market shed N93bn on Monday, mirroring the broader global market decline. The All-Share Index and market capitalisation fell by 0.17 per cent to 97,582.41 points and N55.40tn. The day’s trading saw 9,738 transactions totalling N6.217bn, with...

Top Ten Importers of Dangote Refinery Petroleum Products The United States of America, Spain, France, South Korea, Angola, Togo, Guinea, Belgium, Israel, and Singapore, have been listed as the top 10 importers of petroleum products from Nigeria’s $20 billion Dangote Refinery. However, the products that...

Banking Stocks on NGX Lost N1.6tn Banking stocks listed on the Nigerian Exchange have lost about N1.62tn in their market capitalisation since the Central Bank of Nigeria directed the banks in the country to recapitalise. In late March, the Central Bank of Nigeria directed Deposit Money...

NELFUND Releases N2bn Student Loan: BUK, Unimaid Get Lion's Share of 71% In a major boost to higher education accessibility in Nigeria, the Federal government has disbursed over ₦2 billion in student loans to over 20,000 students across six universities in the country. Economic Confidential reports...

Kaduna Electric Disconnects Kaduna State Government House Over Debt of N2.9 Billion • No Payments for Electricity Consumed in Seven Months In a dramatic move that underscores growing tensions between utility providers and state governments, Kaduna Electric has cut off electricity supply to the Kaduna State...

According to Wale Edun, the Minister of Finance and Coordinating Minister of the Economy, 41 African countries are set for stronger economic growth in 2024.