Banks, 18 Others, Fined N125m For Late Filings   At least eight banks and 18 other listed companies have been fined N125m for failing to file their 2022 audited financial statements and quarterly reports for the first half of 2023 as required by Nigerian Exchange. The affected...

Food Imports Rise By 122% As Deficit Hits N4.9trn   Despite continuous government efforts to shore up food production in Nigeria through various intervention programmes, the country recorded foods trade deficit worth N4.92 trillion between 2018 and 2022. Available data shows that Nigeria is not growing enough...

NCC Generates N55bn from SIM Card Importation Ban The Nigerian Communications Commission (NCC) says the ban on the importation of whole-body SIM cards raked in over N55 billion for local manufacturers. Umar Danbatta, executive vice-chairman (EVC) of NCC, disclosed this at the second edition of the...

Power: REA Installs 103 Solar mini-grid, Connects 46,661 Households  The Rural Electrification Agency has stated that 46,661 households in off-grid communities now have electricity through its Nigeria Electrification Project (NEP). In a statement yesterday, REA stated that the feat was made possible through 103 solar mini-grids...

CBN Questions JP Morgan's $3.7bn Estimate of Net Reserves, Faults Claim The Central Bank of Nigeria has faulted the recent $3.7bn estimate of the bank’s financial accounts by JP Morgan, saying it was “out of context”, and assured that there was no cause for panic. CBN...

Investors Gain N422bn in Three Days Trading - NGX The Nigerian Exchange Limited, NGX, has sustained bullish trend yesterday as investors gained N422 billion from the three days trading with market capitalisation surging to N35.844 trillion from N35.422 trillion closed last week Friday. In similar manner,...