The Senate has taken a significant step towards restoring Nigeria’s monetary sovereignty by proposing a legislation to ban the use of foreign currencies for salaries, transactions, and payments within the …
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Temu tops Apple app store’s downloads for second year
Temu, the popular e-commerce app owned by China’s PDD Holdings, topped Apple’s list of the most downloaded free apps on the U.S. iOS store for the second consecutive year, …
Read More »Achieving $1trn economy critical for Nigeria’s growth —SEC DG
The Director General of the Securities and Exchange Commission (SEC), Dr. Emomotimi Agama, has stated that achieving a $1 trillion economy is not just an ambitious goal but a necessary …
Read More »Equities market begins week on positive note as investors gain N331bn
The Nigerian equities market began the week on a positive note as investors gained N374bn on the trading floor of the Nigerian Exchange Group (NGX) on Monday, December 16, 2024. …
Read More »Nigeria’s inflation rose to 34.60% in November — NBS
Inflation in Nigeria has risen to 34.60 per cent in November 2024, reflecting a 0.72 per cent increase from October’s rate of 33.88 per cent. According to the latest …
Read More »Tinubu reacts as Shell, partners invest $5bn in Nigeria’s Bonga North Deepwater
Shell and its partners have invested $5 billion in the Bonga North Deep Offshore Field. The Bonga North oilfield located 130 kilometres offshore in Oil Mining Lease (OML) 118 represents …
Read More »Nigerian govt to raise N120bn as December bond auction opens
The Federal Government is poised to raise N120 billion through the auction of two Federal Government Bonds. According to the Debt Management Office (DMO), the bond offering comprises a 19.30 …
Read More »Nigeria’s inflation rises to 34.60 percent
Nigeria’s inflation rate spiked to 34.60 percent in November. The country’s inflate rate stood at 33.88 per cent in October. The National Bureau of Statistics (NBS) disclosed this in its …
Read More »Binance, Bybit, OKX named top three crypto platforms in 2024
Binance, Bybit and OKX are among the top three cryptocurrency platforms in 2024, according to data from Defilama, a tool used to track and analyze on-chain metrics. Defilama revealed the …
Read More »Gold Brew, AfriPrud, Tantalizers, Aradel others top list of stocks to watch this week
Investors in the Nigerian equities market enjoyed a profitable week earning a massive N707.61 billion in profit on the trading floor of the Nigerian Exchange Group (NGX) during the period. …
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