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Opening the week, the local equities closed negative as the benchmark Index fell 0.38% to settle at 103,047.23 points. Profit taking in Tier-1 banking tickers, GTCO (-4.17%), FBNH...
World Bank Group has said that increased private consumption and declining inflation are supporting an economic rebound in Sub-Saharan Africa. However, the recovery remains fragile due...
International Monetary Fund has said in Blog post that private credit market, in which specialised non-bank financial institutions such as investment funds lend to corporate borrowers,...
Nigeria’s central bank has barred commercial lenders from accepting foreign currency-denominated collateral to grant Naira loans, a move that could protect the banking system against a...
NNPC Ltd is said to be owing around $3 billion to fuel traders for imported petrol, three sources told Reuters, as the tumbling Naira currency and...
Federal Competition and Consumer Protection Commission (FCCPC) at the weekend expressed delight over the decision of the Nigerian Electricity Regulatory Commission (NERC) to slap a N200...
The Spanish Ambassador to Nigeria, His Excellency, Ambassador Juan Ignacio Sell has declared that the Spanish Government is desirous to deepen cooperation with Nigeria through further...
The Nigerian Electricity Regulatory Commission (“Commission”) has directed all Electricity Distribution Companies (“DisCos”) to provide as much clarity as possible to all affected customers in the...
Today, the benchmark index of the local market declined by 0.27% to close at 103,437.67 points. Selloffs of MTNN (-0.87%), GTCO (-2.04%), and ZENITHBANK (-1.62%) outweighed gains in DANGSUGAR (+5.36%), OKOMUOIL (+1.65%),...
As Nigerians react over electricity tariff hike, ActionAid Nigeria, AAN, Friday, hailed the Nigerian Electricity Regulatory Commission, NERC, over slamming the Abuja Electricity Distribution Company, AEDC,...
Minister of Solid Minerals has said that government step at securing mining sites has caused illegal miners to flee from such sites. Dr Dele Alake has...
African Export-Import Bank Group’s results for the financial year ended 31 December 2023 showed Net interest income reached $1.4 billion at the end of the 2023...
Minister of Steel Development, Prince Shuaibu Audu, has denied allegations over refusal to dissolve the Board of National Steel Council, NSC, as alleged by a civil...
Edo State Government through the Edo State Oil Palm Programme (ESOPP) has called for applicants for its manpower development scheme aimed at growing a new crop...
Brent crude the equivalent of Nigeria’s sweet crude rose more than $1 a barrel on Friday as markets watched for a possible direct conflict between Israel...