In a bid at deepen the foreign exchange market, boost liquidity and attain convergence in the exchange rates, the Central Bank of Nigeria (CBN) has given the Deposit Money Banks …
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NGX: Investors end week with N374bn gain
The Nigerian equities market sustained its positive run with investors making N374 billion in profit at the close of trading on Friday. This followed the growth in share prices of …
Read More »Cost of healthy diet in Nigeria stood at N1,041 in May – NBS
The National Bureau of Statistics (NBS) said on Friday the average cost of a healthy diet per day in the country stood at N1,041 in May. The NBS revealed this …
Read More »Shareholders approve MRS Oil’s delisting from capital market
Shareholders of MRS Nigeria Limited have approved the voluntary delisting of the company’s shares from the Nigerian Exchange Limited (NGX). Following the delisting, the company whose market capitalization currently stands …
Read More »SEC identifies regulatory uncertainties, insecurity, others as bane of Nigeria’s cryptocurrency market
The Security and Exchange Commission (SEC) has identified regulatory uncertainty, security concerns, and financial literacy as serious threats to cryptocurrency use in the country. The agency’s Director-General Emomotimi Agama, stated …
Read More »FG approves disbursement of N12.9bn health care provision fund
The Federal Government, on Thursday, approved the disbursement of N12,911bn through the Basic Health Care Provision Fund. The amount represents the 2023 fund for one quarter, to be utilised in …
Read More »Total transactions on NGX hit N2.25tn in five months
The total transactions on the local bourse have hit N2.35tn at the end of May, indicating a 115.40 per cent increase compared to the first five months of 2023. …
Read More »VFD Group plans N30bn capital raise
VFD Group Plc has announced its intention to raise N30bn in additional capital through share issuance, global depository receipts, commercial papers, loans, convertible and non-convertible instruments, medium-term notes, and …
Read More »Bvndle partners UBA, Piggyvest, others to empower customers
Bvndle, a customer engagement and loyalty platform, says it is set to redefine how Nigerians experience rewards and loyalty programmes. Designed with the modern consumer at its core, Bvndle …
Read More »CAC Grammar School Alumni Association launches N50m endowment fund
Members of the Christ Apostolic Church Grammar School, Efon-Alaye Alumni Association have launched a N50m endowment fund to support knowledge-driven initiatives aimed at assisting the students of their alma …
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