Naira appreciates to N1,382/dollar, Presidency cautions speculators
The naira maintained a steady appreciation against the United States dollar on Thursday, gaining N18 to close 1,382/$ at the official market.
This came as Presidency warned currency speculators to desist from unpatriotic act against...
States owe FG N1.7tn budget loans
The governments of Nigeria’s 36 states and the Federal Capital Territory owe the federal government an outstanding liability of N1.72tn in budget support facilities.
The figures were revealed in a presentation on state budget support...
Elumelu @ 61: Firmly on course to fast track economic prosperity, social wealth across...
Founder and Group Chairman of Heirs Holdings, Mr. Tony Onyemaechi Elumelu, CFR, has several reasons to be elated as he clocks three scores and one today (March 22, 2024) going by his enormous accomplishments...
Konga May Disrupt The Nigerian Stock Exchange By 2027
Leading ecommerce giant, Konga Online Shopping Limited, could be preparing its runway for a listing on the Nigerian Stock Exchange (NSE) within the next 3 years, news sources gather.
Working with global investment advisory firms,...
Stock Market Gains N837bn to Sustain Positive Momentum
The Nigerian stock market yesterday sustained its positive momentum with a gain of N837 billion, aided by investors renewed interest in MTN Nigeria Communications (MTNN) Plc and 34 others.
As a result, the Nigerian Exchange...
NGX Group, Female Leaders Seek Deeper Inclusion for Women
Nigerian Exchange Group (NGX) and its subsidiaries joined the rest of the world week to commemorate the International Women’s Day (IWD) by leveraging its Closing Gong Ceremony to “Ring the Bell for Gender Equality”....
FG Tasks Oil Palm Stakeholders On Expansion Agenda
The Federal Ministry Of Industry Trade & Investment has challenged Oil Palm Stakeholders to take advantage of technology and innovations as part of measures to optimise yields, reduce waste and boost growth in the...
Examining FirstBank’s Winning Strategy
Amadi Chigozie writes on the continuous stream of accolades bestowed upon FirstBank Nigeria, commending the exceptional manner in which the institution manages its corporate clients, facilitating smoother business operations for its customers
In the dynamic...
Debt Service Gulped $560m in January, 399% YoY Increase
Nigeria continues to battle economic headwinds, it has emerged that the federal government spent $560 million servicing the country’s external debt in January 2024.
Analysis of the Central Bank of Nigeria (CBN) Weekly International Payments showed that...
Inflation, FX Volatility Increased Dangote Cement, 10 Others’ Production Cost to N4.1tn in 2023
Following soaring inflation rate and exchange rate volatility, Dangote Cement Plc and 10 other companies spent a whooping N4.1 trillion on production cost in 2023 financial year, analysis of their results have revealed.
The N4.1...
