As Interbank Market Gets $541m, Reserves Rebound To N42bn   The nation’s foreign exchange reserves, at the weekend, halted a four-month decline, adding $477 million, accumulated in three trading days, to settle at $42.07 billion. The accretion has been widely attributed to the trickles of the recently...

FG Records N1.1tn 8months Deficit In 2018 Budget   Between January and August, the Federal Government recorded a fiscal deficit of N1.14tn in its operations, figures obtained from the Budget Office of the Federation have revealed. The 2018 budget which was signed by President Muhammadu Buhari had...

Yobe Proposes N91.6bn Budget For 2019 Fiscal Year   Yobe State Governor, Ibrahim Gaidam, has announced N91,647,597,000 as the total amount of money projected to be spent by his administration in 2019 to spur the state to greater socio-economic progress. Gaidam gave the figure yesterday at the...

Banks Investments Decline Due To Tumbled Stocks   Investment in the banks listed on the Nigerian Stock Exchange declined on Monday as the shares tumbled by 0.9 per cent due to profit-taking and sell-offs witnessed in Guaranty Trust Bank Plc and United Bank for Africa Plc. The...

Incessant Sell-offs Drag Market Index 1.18% Lower   Persistent sell-offs witnessed in the nation’s stock market last week dragged the All-Share Index lower by 1.18 per cent. The market capitalisation dropped from N11.676tn recorded on Thursday to N11.565tn on Friday, while the ASI shed 305.9 basis points...

Zenith Bank Trades Off N14.5bn Shares In A Day   Speculations of a possible entry of a new investor, big enough to acquire a seat on the board of Zenith Bank Plc, became stronger yesterday, with another quantum of transactions executed on the shares of the...