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.
Naira Gains N15 in Parallel Market
The Naira yesterday appreciated to N1, 580 per dollar in the parallel market from N1,595 per dollar on Wednesday.
Similarly, the Naira yesterday appreciated to N1,570 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that...
Otedola backs Tinubu’s Windfall tax, Blasts Bank Chiefs for Owning Private Jets
Dear Members of the Press,
I am writing to express my strong support for the implementation of a windfall tax in Nigeria and to highlight the critical role this measure plays in fostering a...
