Investors Lose N71.44bn As Banking, Oil Stocks Decline   Investors in the equities market of the Nigerian Exchange Limited recorded a loss of N71.44bn at the end of the trading session on Thursday as oil and gas and banking stocks fell. The NGX All-Share Index fell to...

NDIC Pays 535,815 Closed Banks’ Depositors N11.76bn   The Nigeria Deposit Insurance Corporation has said that 467 banks have either been liquidated or undergoing the process of complete liquidation by the corporation. The Chairman, NDIC, Mrs Ronke Sokefun, said this on Thursday during the 2021 NDIC retreat...

Nigeria’s Exports To Hit $112bn By 2030 - Report   A new research by Standard Chartered has projected that global exports will almost double from $17.4tn to $29.7tn over the next decade, with Nigeria topping the volume for Africa. At 9.7 per cent yearly growth rate, the...

Nigerians In Diaspora Spent $2.94bn To Send $34.8bn – Report   Nigerians in Diaspora spent $2.94bn to send $34.8bn to Nigerian between 2020 and 2021, World Bank reports have revealed. The reports showed that cost of sending remittance costs into Nigeria hit at least N1.22tn ($2.94bn) in...

CBN Disburses N41.2bn To Cut Wheat Imports   The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the bank has disbursed N41.2bn under its intervention schemes to cut wheat production. Speaking after the Monetary Policy Committee meeting in Abuja on Tuesday, he said, “The...

Fed Govt November Bonds Oversubscribed By N117.15bn – DMO   The Federal Government’s bonds for November worth N150bn, which were auctioned on November 17, were oversubscribed by N117.15bn, the Debt Management Office has said. The DMO said the total subscription received from investors was N267.15bn, with only...