Investors in the Nigerian Equities Market lost N70 billion at the close of trading on Tuesday. This followed the dip in the share prices of stocks like REGALINS, PZ and …
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Nigeria’s capital importation dropped by $770m in Q2/24 – NBS
Nigeria’s capital importation dropped to $2.6 billion in the second quarter of this year. The National Bureau of Statistics (NBS) disclosed this in its capital Importation report for the second …
Read More »Dangote Refinery turns attention to local supply, to receive 24m barrels in two months
Indications have emerged that Dangote Refinery and Petrochemicals Plant might have curtailed its purchased of US crude and has in turn turned its attention to domestic supply. Consequently, the refinery …
Read More »CBN dispels rumours, assures of safety of Nigerian banks
The Central Bank of Nigeria (CBN) has assured Nigerians about the safety of all monies deposited in financial institutions across the country. The apex bank in a statement by its …
Read More »Nigerian govt orders Discos to upgrade weak networks within 7 days
The Federal Government has issued a stern directive to electricity distribution companies (Discos) to replace weak distribution networks in their franchise areas within seven days. This order, given through the …
Read More »SEC unveils frameworks to mitigate crypto risks
Nigeria’s Securities and Exchange Commission (SEC) has declared the country a major player in the global cryptocurrency market, particularly in peer-to-peer transactions. Emomotimi Agama, SEC’s Director-General, made this announcement at …
Read More »Brent MFB, Rainydaycoop collaborate on property acquisition
RainydayCoop, a cooperative based in Lagos, has entered into a partnership with Brent Mortgage Bank to acquire Skyfield Apartments, a six-storey building featuring 165 self-contained rooms and ancillary facilities …
Read More »Workers lament high transportation costs
Nigerian workers are worried over the soaring transport costs following the recent fuel price hike. The Presidents of the Association of Senior Civil Servants of Nigeria, Shehu Muhammed and …
Read More »SEC vows to tackle crypto fraud
The Securities and Exchange Commission has vowed to combat fraud, money laundering, and market manipulation in the country’s rapidly evolving cryptocurrency sector. The Director General of the SEC, Emomotimi …
Read More »Access Bank gets approval to establish Namibian subsidiary
Access Holdings Plc has disclosed that its flagship subsidiary, Access Bank Plc, has obtained a provisional license from the Bank of Namibia to establish a commercial bank in Namibia. …
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