Stakeholders To FG - Take Urgent Steps To Halt Nigeria’s Rising Debt As the national debt stock rapidly increases, some business stakeholders are advising the government to take steps to halt its rise. The stakeholders who spoke with the News Agency of Nigeria (NAN) advised the...

N431.9bn Recorded By Nigerian stocks, Intensifies Strong Corporate Results Nigerian stocks advanced by (1.64 percent) N431.9 billion on Friday, the fastest rate seen in weeks as investors splurged big cash on equities after many companies reported stronger-than-expected first-quarter earnings. Airtel Africa, FCMB Group and Nestle led...

Telecom Giant (MTN Nigeria) Generates N471bn in Three Months MTN Nigeria has reported 22.2% growth in revenue for Q1 2022, amid fall in subscriber base, as regulatory restriction on new SIM sales and activations continue to impact the telco’s operation. In its Unaudited Results for Q1...

NNPC, FIRS, 2 Others Generate Over N28trn in 3yrs The Federal government of Nigeria between 2017 and 2019 received a credit alert of N28.02 trillion from four agencies. The revenue earned was disclosed by the Nigeria Extractive Industries Transparency Initiative (NEITI) in its Fiscal Allocation and...

FAAC: N725.5bn March Revenue Shared By FG, States, LGAs The Federation Account Allocation Committee (FAAC) report reveals that N725.571 billion for March, 2022 revenue has been shared by federal, states and local governments. This revenue disbursement comprised distributable statutory revenue of N521.169bn and distributable Value Added...

Nigeria’s Private Sector Receives N1.18tn New Loans in Q1 2022 The Nigerian banking sector has been encouraged by the Central Bank Of Nigeria to continue injecting funds into the real sector of the economy in order to promote growth and ensure recovery from the recession...