BoI Disbursed N19.7bn To 3,000 Enterprises In South-West       The Bank of Industry has said it disbursed N19.7bn to over 3,000 enterprises in the South-West in the past three years from its own funds. The Managing Director, BoI, Mr Olukayode Pitan, said this during the official opening...

Banking, Insurance Stocks Drag Down Market By N83bn       The Nigerian stock market resumed the week on a bearish note as banking and insurance stocks triggered an N83.13bn loss at the end of trading on Monday. The All-Share Index of Nigerian Exchange Limited dropped by 0.38 per...

Nigeria Imported Used Cars Worth N185bn In Q3, 2021     Nigeria Foreign Trade in Goods Statistics for Quarter Three, 2021has revealed that the country imported used vehicles worth N185.4bn. The Statistician-General, Mr Simon Harry who disclosed this yesterday said Nigeria’s total merchandise trade rose to N13.3 trillion...

Investors Lose N598bn As Large-cap Stocks Decline     The Nigerian stock market declined by N598bn at the end of last week as some large-cap stocks recorded price losses. The NGX All-Share Index depreciated by 2.63 per cent to close the week at 42,167.91 basis points from 43,308.29bps...

Lagos Pays Retirees N34.12bn Under Contributory Pension Scheme       The Lagos State Governor, Babajide Sanwo-Olu, has said the state has paid N34.12bn to retirees under the Contributory Scheme since the inception of his administration. Sanwo-Olu said this during the presentation of retirement bond certificates to the 90th...

In 10 Months, Direct Remittances Drops By 62.4% To $1.96bn       Latest data by Central Bank of Nigeria (CBN) has revealed that total direct remittances from Nigerians in Diaspora dropped by 62,4 per cent to $1.96 billion in 10 months of 2021 from $5.21billion it recorded...