News
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NACCIMA, others kick as CBN hikes interest rate to 26.75%
The Central Bank of Nigeria, CBN yesterday intensified its efforts to curb rising inflation as it announced further hike in its…
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British American Tobacco’s Paid $110m Fine, FCCPC Discloses
The acting Executive Vice Chairman (EVC), Federal Competition and Consumer Protection Commission (FCCPC), Dr. Adamu Abdullahi, has confirmed that the…
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CIBN writes Senate, warns against windfall tax
Plans by the Federal Government to impose taxes on foreign exchange (FX) gains on banks may deter foreign investors and…
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Reps Ask NERC, DISCOs to revert to old tariff
The House of Representatives has asked the Nigerian Electricity Regulatory Commission (NERC) and Electricity Distribution Companies (DISCOs) to revert to…
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Investors Lost N68.49bn as NGXASI Declined by 0.12%; BDC Rate Appreciated to N1,583/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities Bearish sentiments prevailed again on the Nigerian bourse at the close of Wednesday’s…
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Banks Recapitalization Watch for the week ended July 19, 2024
This week, the NGX-Banking Index declined by 0.05% week on week (W-o-W) to close at 843.99. Among the Tier 1…
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Investors Lost N46.70bn as NGXASI Declined by 0.08%; BDC Rate Depreciated to N1,590/USD
1. EQUITIES MARKET 1.1 NGX – Listed Equities The Nigerian stock market ended the day negative, reversing the gains seen on…
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Forex inflow via IMTOs hits $1.07bn in three months – CBN
Foreign exchange inflows from International Money Transfer Operators increased by 38.86 per cent to $1.07bn in the first quarter of…
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OPEC Lists Dangote Refinery Among Top Diesel, Jet Fuel Suppliers That Will Disrupt Europe’s Oil $ Gas Industry
The Organization of Petroleum Exporting Countries said supplies from Nigerian-based Dangote Refinery and Petrochemicals will put pressure on the performance…
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Senate passes N70,000 Minimum Wage Bill
South East Development Commision ***Reduces the time for Periodic Review of Minimum Wage from 5 to 3 years THE Senate…
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