NIP Transactions Hit N20trn In May - NIBSS       Nigerians transacted over N20tn instant payment transactions in May according to the Nigeria Inter-Bank Settlement System. Transaction in May was 0.15 per cent higher than for April. Instant payment transactions in May also showed a spending recovery from...

Nigeria’s Offshore Rig Counts Hit 12 In May As Demand Recovers         International Association of Drilling Contractors (IADC), Nigeria chapter, has hinted at slight market recovery going by the rig counts, stressing the need for prioritisation of training and retraining of members to meet industry’s standards. It,...

Stock Market Sheds N812bn In May       The rally witnessed in the equities market in April was halted in May as rising yields in the fixed income securities market reduced demand by investors. Owing to this, the market, which gained N418 billion in April, depreciated further by...

How We Enrolled 210,000 Nigerians On ICT Courses With 600 Interventions – Dr Pantami       Agencies under the Ministry of Communication and Digital Economy has enrolled over 210,000 Nigerians on Information and Communication Technology Courses and undertaken over 600 interventions to build the capacity of citizens...

NGX Begins May With N17bn Loss Activities on the nation’s bourse resumed the week and month on Tuesday with a loss of N17 billion following sell pressure on Lafarge Africa and MTN Nigeria Communications (MTNN). Specifically, the market capitalisation shed N17 billion or 0.08 per cent...

Economy Contracted In May - CBN Report   Economic activities in manufacturing, production, new others and other indices contracted in May after recording at least 36 months of consecutive growth. The statistics department of the Central Bank of Nigeria disclosed this in its Purchasing Managers Index survey...