Market Cap Profit Rises to N1.8tn in July - NGX The market capitalisation of the Nigerian Exchange Limited grew by N1.8tn in July following earnings and dividends declared by listed companies. The positive trend of the market was further driven by insider dealings among companies, as...

NCC to Block Stolen SIMs in Five Minutes The Nigerian Communications Commission has proposed that the time taken to block the Subscribers Identity Module of a reported stolen phone should be reduced from 30 minutes to five minutes. This was disclosed during the three-day public inquiries...

Nigeria Lost 167.2m External Reserves as Naira Falls Further The Central Bank of Nigeria recent data shows that Nigeria's external reserves lost $167.2m in July, as the naira fell further to the dollar. The report on movement of external reserves revealed that the reserves which ended...

Palliatives: Sanwo-olu Slashes Bus Fares by 50 Percent By Juliet Agoyi The Lagos State Government has slashed the cost of transportation on all its transport systems by 50 per cent as a palliative measure to cushion the effect of fuel subsidy removal. The state governor, Babajide Sanwo-Olu,...

We'll Energise MSMEs with N125bn - Tinubu President Bola Ahmed Tinubu has announced plan to energise the micro, small and medium-sized enterprises (MSMEs) with 125 billion naira as part of measures to strengthen the informal sector and make it more productive. Addressing the nation in a...

Petrol Price Rises By 20% Globally   Price of petrol may to rise further as international market data revealed that the commodity has gained 20 per cent. At the beginning of 2023, Brent crude traded around $78 per barrel. However, last week, the international benchmark hit $83...