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...

Equity Investors Gains N77bn Amidst Easter Celebration Trading on the Nigerian stock market yesterday closed positive by gaining N77billion, hence, sustaining a five-day bullish trend amidst Easter celebration. Yesterday, being the last trading day of the week as the federal government declared Friday, (Good Friday) April...

FG To Finance 2022 Budget Deficit With New Borrowing  President Muhammadu Buhari has written to the House of Representatives seeking an increase in the 2022 budget deficit to be financed through borrowing from the domestic market. According to our correspondent, Buhari said this in a letter...

REPS- Failing To Modernize E-Customs Costs Nigeria, $8.810 Billion Yearly According to the Nigerian House of Representatives, a lack of custom modernization projects by the Nigerian Custom Service has led to a loss of $8.810 billion in revenue each year. Rep. Leke Abejide, Chair of the House...

Queue To End In A Few Days, Says NNPC- Fuel Scarcity The Nigerian National Petroleum Corporation Limited has assured Nigerians that the company had placed significant orders of over 2.1 billion litres of methanol-free petroleum to ensure that the long queues of petroleum end in...