Naira Rises to N1,580/$ in Parallel Market   The Naira yesterday appreciated to N1, 580 per dollar in the parallel market from N1,610 per dollar last week Friday. But, the Naira yesterday depreciated to N1,611.4 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM. Data from...

Senate to SEC: Uncover Unclaimed Dividend Owners The Senate Committee on Capital Market, the Security and Exchange Commission (SEC) and stakeholders in the capital market on Monday agreed to evolve practicable strategies to address the issue of unclaimed dividends in the country. The agreement was reached...

NAMA Suspends 800% Hike on Navigational Charges   The Nigerian Airspace Management Agency (NAMA) has suspended its earlier announced increase in navigational charges by 800 per cent based on the directive of the Minister of Aviation and Aerospace Development, Festus Keyamo. It disclosed this in a statement...

Fuel Queues Persist as Depots Ration Fuel   Many filling stations were shut in several states as the queues for Premium Motor Spirit, popularly called petrol, continued on Monday while depots rationed the volumes of PMS released to marketers. In Abuja, Niger and Nasarawa states, several filling...

New Listing on NGX Boosts Market Cap by N105bn   The new listing of 2,418,099,300 ordinary shares of 50 Kobo each per share of Notore Chemical Industries Plc on the daily official list of the Nigerian Exchange(NGX) boosted the market capitalisation of the local bourse to...

Operators Blame Forex as Vehicle Import Crashes by 61%   The importation of vehicles into Nigeria dropped from 28,024 units in the first quarter of 2023 to 10,991 units in the same quarter of 2024, representing a 60.8 per cent decrease, a document by the Nigerian...