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Finance & Economy
US banks suffer steeper losses, but retain large cushions in annual Fed health check
– The biggest U.S. banks would have enough capital to withstand severe economic and market turmoil, the Federal Reserve’s annual…
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News
Minimum Wage: Governors’ emergency meeting kicks off in Abuja
An emergency meeting of governors of the 36 states of the federation has kicked off in Abuja. The meeting is…
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News
NGX Group Launches Digital Web Application (NGX Invest) for Public Offers and Rights Issues
Nigerian Exchange Group Plc (NGX) announced the launch of NGX Invest, a cutting-edge web application designed to transform the primary market…
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News
Investors Gained N94.95bn as NGXASI Advanced by 0.17%; BDC Rate Depreciated to N1,488/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The domestic market recouped parts of its three-session decline on renewed buying interests in FBNH (+2.99%), ZENITH (+1.42%), FLOURMILL (+1.18%), DANGSUGAR…
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News
Naira Abuse: Import of Court Judgment on Cubana Chief Priest
Consequent on the judgment of Justice Kehinde Ogundare of the Federal High Court sitting in Lagos on the terms of…
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News
Recapitalisation: SEC to slam N1.1m fine on non-compliant financial institutions
In an effort to enforce capital adequacy standards and protect investors, the Securities and Exchange Commission (SEC) announced a N1.1…
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News
IOCs frustrating our refinery’s effort to buy crude locally — Dangote
Mr Devakumar Edwin, the Vice President of Dangote Oil and Gas Industries, has accused International Oil Companies (IOCs) in Nigeria…
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News
Former Konga CEO, Nick Imudia takes his own life.
This is the sad tale of how Nick Imudia, a former Chief Executive Officer (CEO), of Konga, one of Nigeria’s…
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News
Abuja Land Racket: EFCC Arraigns Two for Forgery
The Economic and Financial Crimes Commission, EFCC, on Wednesday, June 26, 2024, arraigned the duo of Zahradeen Muhammed Bello and…
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News
New CBN circular permits IMTOs to sell FX directly on Nigeria’s official window
The Central Bank of Nigeria (CBN) has permitted eligible International Money Transfer Operators (IMTOs) to sell foreign exchange (FX) on…
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