PoS operators divided as new charges commence
A group of Point of Sales operators in Nigeria have protested against the increased service charges in the country which...
Nigeria spends over 99% revenue to service debts as inflation bites harder
Nigeria’s grave fiscal position for the 2022 financial year became clearer yesterday, as latest data showed that of N4.26 trillion...
MONEY MARKET: Assessing $6.2bn Capital Inflow Projection For 2023
Despite a decline in capital inflows into the country in the first quarter of 2023 compared to the figure recorded...
Market Development: NGX Group Woos FG, Targets Foreign Investment Inflows
Amid recent bullish sentiments in Nigeria’s stock market, the Board and Management of Nigerian Exchange Group Plc (NGX Group) have...
Banking index loses 14.3 per cent in one week
The banking index led the loser’s chart at the end of last week’s transactions on the equities sector of the...
Power tariff hike likely as Discos apply for review
HE Federal Government, on Thursday, announced that the 11 power distribution companies in Nigeria have applied for the review of their...
Oil earnings hit N1.68tn as output rises
Nigeria’s crude oil earnings rose to over N1.68tn in June 2023 following an increase in the country’s output last month,...
Naira Falls To N800/$, Lowest In 9 Months
The naira depreciated to N800 per dollar, the lowest in nine months, following increased demand for the greenback at the...
Nigeria will become W’Africa’s energy hub, says Vertex
The Chief Commercial Officer of Vertex group, Shitij Taneja, has said Nigeria will be one of the leading technology hubs...
Nigeria’s VAT performance lowest in West Africa – FG
The Federal Government, on Tuesday, raised concern over the performance of the Value Added Tax in Nigeria as the lowest...
Clearing agents dump land borders over rising charges, forex
Many clearing agents that were operating at the borders have dumped land borders after former President, Muhammadu Buhari ordered the...
Investors gain N851bn in one day
Nigeria’s equities market witnessed one of the highest one-day gains in 2023 as investors consolidated on the recent market rally...
Nigeria now accounts for 33% of Africa’s gas reserves – FG
Nigeria currently accounts for 33 per cent of the total gas reserves in Africa, the Federal Government said on Monday....
Monthly fuel consumption drops by 18.5million litres after deregulation – F
The volume of Premium Motor Spirit, popularly called petrol, that was consumed across the country in the first half of...
Bank of America warns Nigeria inflation may hit 30%
The Bank of America has said the Monetary Policy Committee of the Central Bank may need to increase interest rates...
Expert: Nigerians May Pay N10,000 for 100 Units of Electricity if Tariffs Rise
As apprehension over the anticipated 40 percent increase in electricity tariff persists, the Chief Executive Officer of PowerCap Limited, Mr....
Subsidy Removal, Rising Inflation Weaken Nigerians’ Purchasing Power
Purchasing power of Nigerians dropped in June 2023, as the effects of the fuel subsidy removal and rising inflation continue...
External reserves fall by $3bn in six months – CBN
Nigeria’s external reserves fell by $2.85bn in the first half of 2023 due to external debt finance among other challenges,...
Subsidy removal: FG saves N400bn in four weeks
The Federal Government has saved about N400bn due to the removal of subsidy on Premium Motor Spirit, popularly called petrol,...
Nigeria’s Public Debt Rise By N3trn To N49trn In March
The Debt Management Office (DMO) has said the total public debt stock of Nigeria as of March was N49.95 trillion...
European stock markets begin new week with losses
European stock markets fell at the start of trading on Monday following a drop in Tokyo, as traders tracked the...
Domestic, Foreign Portfolio Transactions in Stock Market Down 31% on Inflation, Low RoI
Following political uncertainty, low return on investment amid double-digit inflation among, other factors, domestic and foreign investors' portfolio transactions on...
Naira devaluation pushes up vehicles duties by 40%
The Central Bank of Nigeria and the Nigeria Customs Service have taken the ongoing foreign exchange reforms to the maritime...
Equities reverse gains as index dips by 0.19%
Following losses in Okomuoil and 30 stocks, the equities market reversed three sessions of gains to close on a downturn...
Discos generated N480bn in six months, says NBS
The total amount of revenue generated by electricity distribution companies rose by 20.81 per cent despite a drop of 1.74...
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