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Sunday, July 21, 2019

Power Grid Collapse Persists, Drops Twice In Two Months

Power Grid Collapse Persists, Drops Twice In Two Months Nigeria’s electricity grid is still witnessing system collapse as it recorded total failure twice in the...

On Losing Spree, Stocks Hits One-Month Low

On Losing Spree, Stocks Hits One-Month Low   Trading on the floor of the Nigerian Stock Exchange extended losses into the sixth consecutive session as sustained...

Federation Account: How They Share N727bn in February, 2012

The Economic Confidential magazine provides here the distribution of a total sum of N727billion being the statutory and VAT allocations shared to all tiers...
NBS National Bureau of Statistics

Q3 2018 Capital Importation Value Stood at $2.855bn

Q3 2018 Capital Importation Value Stood at $2.855bn The total value of capital importation into Nigeria stood at $2,855.21 million in the third quarter of...

FAAC Distributes N370.8bn for November 2015

Yusuf An-Nuphawi The Federation Account Allocation Committee shared the sum of N369.882bn (three hundred and sixty-nine billion, eight hundred and eighty-two million naira) among the...

Federation Account: How they share N627bn in May 2011

Federation Account: How they share N627bn in May 2011   The Economic Confidential magazine provides here the distribution of a total sum of N627.3...

FAAC Table: The Sharing of N514bn to FG, States, LGCs in February 2017

FAAC Table: The Sharing of N514bn to FG, States, LGCs in February 2017 The Federation Account Allocation Committee (FAAC) shared a total sum of N514bn...

Market Capitalisation Nosedive As Equities Shed N86bn

The Nigerian Stock Exchange market capitalisation has dipped to N13.080 trillion from N13.166 trillion as the equities market shed N86 billion. A total of 316.122...

GTBank Recommends N8.8bn Interim Dividend, Posts N109bn Profit

GTBank Recommends N8.8bn Interim Dividend, Posts N109bn Profit Guaranty Trust Bank Plc wednesday released its audited financial results for the half year(H1) ended June 30,...

As MTN, Diamond Bank Shares Plunge Over Fine, Investors Lose N99bn

As MTN, Diamond Bank Shares Plunge Over Fine, Investors Lose N99bn The market capitalization of the Nigerian Stock exchange (NSE) fell by N99.4bn to N12.8tn...

FG kick-starts 2018 Budget preparation

Barely 24 hours after signing the 2017 Appropriation Bill into law, Acting President Yemi Osinbajo, has flagged off preparatory activities for the 2018 Budget...

Federation Account: Table of Allocation of N289bn Disbursed in May 2016

Federation Account: Table of Allocation of N289bn Disbursed in May 2016 A total sum of N289bn was disbursed to Federal, States and Local Government Councils...

FBN, Zenith, Fidelity Stocks Lead Trading On NSE

FBN, Zenith, Fidelity Stocks Lead Trading On NSE   FBN Holdings Plc, Zenith International Bank Plc and Fidelity Bank Plc (measured by volume) emerged as the...

Nigeria’s Debt Hits N19tn

The Debt Management Office (DMO) Monday revealed that Nigeria’s total debt stock increased to N19.15 trillion at the end of first quarter 2017, from...

Treasury Bills: N361bn Subscription Raises Market Liquidity

Treasury Bills: N361bn Subscription Raises Market Liquidity   The Treasury Bills (T-bills) has recorded improved performance for the second consecutive week as market liquidity and buying...

Nigeria’s export earnings up by 2.8%.

Nigeria’s export earnings up by 2.8%. Africa’s largest economy, Nigeria is said to have earned $16.2 billion, a 2.8% increase in export earnings in the...

Stock Market Sheds N175bn, Starts March In Loss

Stock Market Sheds N175bn, Starts March In Loss The Nigerian stock market recorded a decline of N175bn on the first day of the new month...

World Bank Denies Disagreeing With Adeosun On Foreign Borrowings

The World Bank Group, has denied that the Bank disagreed with the Minister of Finance, Mrs. Kemi Adeosun, over the borrowings by the Nigerian...

Fitch Rates Nigeria’s $300m Diaspora Bond ‘B+(EXP)’

Fitch Ratings has assigned Nigeria’s $300m Diaspora Bond ‘B+(EXP)’ indicating that the relative stability in the foreign exchange market with reversal of the slide...

NDIC’s Premium Contribution Pool Exceeds N1tr

NDIC’s Premium Contribution Pool Exceeds N1tr   Premium contributions by insured financial institutions in the country, under the supervision of the Nigeria Deposit Insurance Corporation (NDIC)...