The equities market began the week in the red zone on the trading floor of the Nigerian Exchange Group (NGX) as investors lost N317 billion on Monday, November 4, 2024. …
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Nigeria’s debt service-to-revenue ratio at 97% unsustainable, we’ve brought it down to 65% – Tinubu
President Bola Tinubu has disclosed that servicing debt at 97% ratio was unsustainable. This is even as he disclosed that Nigeria’s debt service-to-revenue ratio has dropped from approximately 97% to …
Read More »Nigerian govt to workers: No bank switch required for salary accounts
The Federal Government has assured they are not required to switch banks linked to their Integrated Personnel and Payroll Information System (IPPIS) salary accounts. This clarification followed concerns over directives …
Read More »Bitcoin price falls as traders brace for US presidential election
The price of Bitcoin and Ethereum increased overnight across the world ahead of this month’s presidential election in the United States. A rise in volatility means traders have a two-in-three …
Read More »Dangote Refinery alleges Nigeria’s oil industry regulator lacks laboratory to test substandard fuel
Dangote Petroleum Refinery said on Sunday the oil and gas industry regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), lacks a laboratory to test for substandard petroleum products …
Read More »Dangote Refinery alleges int’l firm hires depot to blend substandard petrol in Nigeria
Dangote Petroleum Refinery has alleged that an international trading company has hired a depot to blend substandard petroleum products in Nigeria. The Chief Branding and Communications of Dangote Group, Anthony …
Read More »Trancorp, Eunisell, John Holt, Redstarex, others top list of stocks to watch this week
Investors in the Nigerian equities market lost a massive N1.2 trillion on the floor of the Nigerian Exchange Group (NGX) last week. This followed the crash in equity capitalization front …
Read More »Govt allocates N18bn compensation for Lagos-Calabar highway
A total of N18bn has been allocated to compensate affected property owners on section 1 of the Lagos-Calabar coastal highway, the Minister of Works, David Umahi, announced on Sunday. …
Read More »New depot blending substandard fuel – Dangote
The Dangote Petroleum Refinery has alerted Nigerians about the operations of a new depot hired by an unnamed international trading company to blend substandard petroleum products in Nigeria. It …
Read More »Pelican, others to attract low-interest credit for real estate
In a move aimed at bridging the nation’s increasing housing deficit, Pelican Valley Nigeria Limited and Canadian developers are working on a mutually beneficial collaboration to attract a business-friendly …
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