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...

Buhari To Inaugurate Dangote Refinery May 22   The Dangote Refinery established by Africa’s richest man, Aliko Dangote, is scheduled to be inaugurated on May 22. According to presidential aide, Bashir Ahmad, the inauguration Will be done by President Muhammadu Buhari. In a tweet on his handle, Ahmad...

CBN To Issue Guidelines On Contactless Payment System   The Central Bank of Nigeria (CBN) has revealed that it is set to issue guidelines to promote safe and efficient use of contactless payments across the country. This, according to the apex bank is part of its...

NUPRC Vows Support For Indigenous Oil, Gas Coys With Right Policies The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has reinstated its support indigenous oil and companies with the right policies and regulations to grow. NUPRC Commission Chief Executive (CCE), Mr. Gbenga Komolafe, stated this when he...

Senate Says Govt Agencies, Military Owe Electricity Firms   The Federal Government has said that the cost of electricity consumption in Nigeria is among the cheapest and most defaulted by consumers in the world. This came as the Chairman of the Senate Committee on Power, Senator Gabriel...

How Naira Crisis, Elections Affected 2023 Revenue - NGX The Nigerian Exchange Group (NGX) has said the last general elections and the naira redesign policy of the Central Bank of Nigeria impacted its top-line revenue negatively. It said this resulted in a 20.5 per cent decline...