Stock Market Closes Big with 29.52% Gain in Q3 The Nigerian Stock Exchange (NGX) All-Share Index appreciated by 29.52% to close at 66,382.14 index points in the third quarter of 2023. This development has pushed the market to its 15-year high on the back of strong...

DMO Offers FGN Bonds With 12% Interest The Debt Management Office (DMO) has initiated the subscription process for two-year and three-year Federal Government of Nigeria bonds for October with an interest rate of up to 12%. This announcement was made in a statement on the DMO’s...

Tech: FG to Equip 3m Nigerians, Plans $5bn for ICT Firms  The Federal Government is set to equip three million Nigerians with tech skills over the next four years. It set a plan to help startups raise their yearly funding rounds to $5bn by 2027, and...

BUA Reduces Cement Price To N3,500 Per Bag   BUA Group has announced a reduction of ex-factory cement price to N3,500 per bag. The current ex-factory price is N4,650, while it is being sold. The current ex-factory price is N4,650, while it is being sold at N5,000...

CBN Generates N532.5bn From Treasury Bills Sales   The Central Bank of Nigeria (CBN) conducted three rounds of Nigerian Treasury Bills (NTBs) auctions worth N532.5 billion in September, analysis of the primary market auction sheets showed. The breakdown showed offer of N203.2 billion on only the 364-day...

How Increased Exports Will Strengthen Naira – NEPC Boss   The Executive Director of the Nigerian Export Promotion Council (NEPC) Dr Ezra Yakusak, said increased exports would stop the free fall of the naira against the dollar and also improve the country’s economy. Dr Yakusak stated this...