First in New Year, Capital Market Records N638bn Loss The market capitalisation of the Nigerian Exchange Limited depreciated for the first time in the New Year. At the close of trading on Wednesday, the eight-day rally in the market was halted as the market cap dipped...

World Bank Projects 2.3% Growth in Global Trade by 2024 Global trade is projected to pick up to 2.3 percent in 2024 after lagging behind global growth in 2023. This reflects a partial normalisation of trade patterns following exceptional weakness last year. The World Bank’s latest Global...

CBN Appoints New Executives for Polaris, Union, Keystone Banks The Central Bank of Nigeria has appointed new executive directors to oversee the operations of Polaris, Union, and Keystone banks, just few hours after dissolving their board of directors. The apex bank, in a statement signed by...

'Cement Prices To Remain High In 2024'   A new report by Cardinal Stone has revealed that cement prices in 2024 will remain high despite a slash in prices from BUA cement in October last year. The report titled “Nigeria Cement Rebounding from a Tumultuous Year” noted...

NNPC To Supply Four Crude Oil Cargoes to $20bn Dangote Refinery   The Nigerian National Petroleum Company Ltd (NNPCL) has scheduled to supply four crude oil cargoes, (four million barrels), under its February programme to the $20 billion Dangote refinery. The four cargoes are expected to increase...

Banks Loan Portfolio Rises by 44.2% to N32.47trn   Leading Deposit Money Banks quoted in the Nigerian Exchange Limited (NGX) have grown their loan portfolio by 44.23 percent in the nine months ended September 30, 2023. The banks include: Zenith Bank Plc, FBN Holdings Plc, Access Bank...