NGX Equities Closed Bearish on Wednesday, with NGXASI Down 0.10% and NSI Down 0.01%; BDC Rate Appreciated to N1,615/US$1

Snapshot 1.1 NGX – Listed Equities On Wednesday, the equities segment of the NGX closed in a bearish trend, erasing the previous session’s gains, with the All-Share Index down by 10 basis points to close at 109,619.10 points, down from 109,730.47 points on Tuesday, as the year-to-date return fell to 6.50%. As such, investors lost N69.99bn with market …

Onyeali-Ikpe’s demonstrates confidence in Fidelity Bank, acquires 18m shares

IN a decisive move underscoring unwavering confidence in Fidelity Bank Plc’s resilience,  Nneka Onyeali-Ikpe, managing director of the bank, has acquired additional 18 million shares of the bank, valued at approximately ₦366 million. According to a regulatory filing posted on the Nigerian Exchange Group (NGX) Disclosures portal, this strategic investment was executed at ₦20.35 per …

Adelabu calls for stricter anti-vandalism laws, TCN funding

…and DisCos accountability to improve   electricity sector MINISTER of Power, Chief Adebayo Adelabu has called on the National Assembly to enact stricter legislation aimed at safeguarding Nigeria’s power infrastructure from acts of vandalism.  Emphasizing the need for enhanced legal measures, Adelabu stressed that robust laws are critical to deterring the destruction of vital energy assets …

UAE Accelerates Industrial Growth with Record Jobs, Exports, and Global Market Access

THE United Arab Emirates opened the fourth edition of Make it in the Emirates, its flagship industrial platform, signaling a bold leap forward in its ambition to become one of the world’s leading manufacturing and technology-driven economies. Held under the theme “Advanced Industries. Accelerated”, the four-day event brings together more than 700 exhibitors and over …

$5m Gates Foundation grant powers $10m MNCH procurement via Axmed platform

AS part of the global health movement to expand affordable access to high-quality medicines, the Gates Foundation has awarded a $5 million grant to Axmed, a healthcare technology company transforming how lifesaving medicines are procured across Growth Markets. The grant will be deployed as a matching fund, providing a 1:1 match on government procurement of …

NCDMB celebrates excellence with Champions of Nigerian Content Awards

Wed, May 21, 2025 By Anthony Isibor THE Nigerian Content Development and Monitoring Board, NCDMB in partnership with Sweetcrude Limited celebrate the companies and individuals who have been at the forefront of delivering milestone achievements in the Nigerian oil and gas sector through the Champions of Nigerian Content Awards. According to NCDMB, the Awards highlight …

MISSING LAGOS BANKER’S BODY, OSEMUDIAMEN, FOUND IN MORGUE WITH MATCHET CUTS.

9Days after a Lagos banker, Osemudiamen Idemudia, was declared missing by his family, his body was discovered at a morgue in the Yaba area of the state. PUNCH Metro reported that Idemudia, who worked in the Point-of-Sale department of a commercial bank in the Ikota area of Lagos State, was last seen on the evening …

Monetary Policy Stays the Course: CBN Retains 27.50% Rate

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has made a strategic decision to retain the Monetary Policy Rate (MPR) at 27.50%. This move is aimed at maintaining stability and anchoring inflation expectations in the face of ongoing economic uncertainties. Also , by retaining the MPR at 27.50%, the Committee is …

CBN Retains Monetary Policy Rate at 27.50%: A Strategic Move Amidst Economic Uncertainty

The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR) at 27.50% in its latest meeting, a decision that reflects the Committee’s cautious approach to managing the country’s economy amidst ongoing challenges and uncertainties. This move comes as the economy shows signs of improvement, with the …