Ten Banks Spent N542.8bn On Customers’ Deposits In Q1, 2023   With the Monetary Policy Rate (MPR) currently at 18 per cent, a total of 10 banks spent N542.8billion on customers’ deposits in first quarter (Q1) ended March 31, 2023, an increase of 71.83 per cent...

Nigeria Either Diversifies or Sink - RMAFC Boss The Chairman of the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), Mr Mohammed Bello Shehu, has said Nigeria's over-reliance on oil earnings is not sustainable. Speaking at the maiden edition of Economic Confidential Public Lecture cum Book Presentation...

NCAA Speaks on Max Air Incident, Assures of Aviation Safety  The Nigeria Civil Aviation Authority (NCAA) has confirmed that Max Air NGL1649, a B737 aircraft with registration 5N-MBD, lost some tyres which caused the well-reported incident on Sunday. The flight departed from Yola for the Nnamdi...

2023 Hajj: NAHCON, NNPC Strike Deal On Aviation Fuel Supply   The National Hajj Commission of Nigeria (NAHCON) has said it has reached an agreement with the Nigerian National Petroleum Company (NNPC) for availability of ‘Jet A’ fuel for seamless transportation of pilgrims to Saudi Arabia. Chairman...

Spending On Petrol May Rise To N8trn After Subsidy Removal   Petrol consumers may pay about N8.4trn for Premium Motor Spirit, popularly called petrol, between July and December 2023 once the Federal Government stops subsidy on PMS in June, latest findings and industry data showed. This represents...

NGX: Market Capitalisation Drop By N1.6trn In April   Despite some very impressive 2022 corporate earnings and dividend payout to shareholders of quoted companies, investigations has revealed that market capitalisation of the Nigerian Exchange Limited (NGX) fell N1.580 trillion at the end of transactions in April. Although...