Naira dip pushes loan book value of eight banks to N30 trillion
Investors stake N22b in equities Aggregate loans in the books of eight Nigerian banks expanded to N30 trillion in the...
Depots deserted as petrol landing cost hits N720/litre
Many petroleum products depots are currently deserted due to lack of products caused by foreign exchange rate volatility, as the...
Economic crisis: States borrow N46bn from banks to pay salaries
State governments borrow about N46.17bn from three banks to pay salaries between January and June 2023, according to findings by...
23 oil blocks failed to produce crude –FG
No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production...
Food, fare prices spike, put more Nigerians under pressure
The National Bureau of Statistics (NBS) in its Food Price Watch report released yesterday, indicated a continuous increase in food...
Equity market loses N516bn on waning investors’ interests
Investors on the Nigerian Exchange Limited lost N516bn in one week of trading as the volume of trade tumbled by...
Domestic stock transactions dip by 45.3% in 16 years
Total transactions decline by 62.7% in one month Domestic transactions on the Nigerian Exchange Limited (NGX) fell by 45.3 per...
Food prices jump by 31%, says NBS
Ebonyi and Abia states led as food prices jumped by 31 per cent within in 12 months from July 2022...
32.5% CRR: CBN Debited 10 Banks N1.62tn in H1 2023
For failing to meet the 32.5 percent Cash Reserve Requirement (CRR) threshold, the Central Bank of Nigeria (CBN) debited 10...
Trade volume hits N1.12bn on NGX
The daily volume of trade on the Nigerian Exchange Limited increased by 98 per cent to 1.12 billion units on...
FG may pay N1.68tn fuel subsidy, marketers forecast N900/litre
The Federal Government may spend about N1.68tn as subsidy on Premium Motor Spirit, popularly called petrol, from September to December...
Subsidy Back As FG Pays N169.4bn In August
Despite the numerous assurances by President Bola Ahmed Tinubu that the subsidy is gone, Daily Trust’s finding shows that the...
Naira tumbles to 980/dollar, FX shortage worsens
The naira continued its downward trend after exchanging to the dollar at 980/$ at the parallel market on Wednesday. A...
Niger crisis will put pressure on Nigeria food market — W’Bank
The coup d’état in Niger may put additional pressure on Nigeria and other West African nations’ food markets, the World...
Cardoso: Inflation, debt management, forex top manufacturers’ demands
Taming the country’s rising inflation, addressing the issue of forex scarcity and tackling Nigeria’s rising debt are some of the...
Despite Multi-billion Naira Spending on Oil Assets Protection, Nigeria Records Least Crude Output in Four Years
In spite of massive official and back channel spending on oil assets protection in the Niger Delta, Nigeria’s crude oil...
Equities Extend Gains, Up N264bn
Nigerian equities yesterday delivered a positive performance and extended gains from the previous session as the overall capitalization rose by...
Meet CBN’s newly appointed deputy governors
President Bola Tinubu on Friday approved the nomination of four new Deputy Governors of the Central Bank of Nigeria pending...
Nigeria’s debt jumps by 75% in three months, hits N87tn
The Debt Management Office has said Nigeria’s total public debt hit N87.38tn at the end of the second quarter of...
Pogba provisionally suspended for anti-doping offence
The Juventus midfielder is said to have been found to have elevated levels of the hormone in random checks carried...
Djokovic not ready to pass the torch after 24th Grand Slam
With Roger Federer retired and the oft-injured Rafa Nadal ready to call it quits after next season, the days of...
Euro ’24 Qualifiers: Portugal Whitewash Luxembourg 9-0 Without Ronaldo
Manchester United captain Bruno Fernandes provided three assists and scored once to inspire Portugal to victory against Luxembourg in a...
Nigeria, UK trade volume now N7.1trn – British envoy
The annual trade volume between Nigeria and the United Kingdom has risen to £7.6 billion (about N7.15 trillion). The Deputy...
Experts Laud Oando’s Acquisition Of Agip Nigeria’
Some experts in Nigeria’s oil and gas sector have commended the group chief executive of Oando Group, Adewale Tinubu, for...
BoI Grows Total Assets 67% To N3.3trn In H1
The total assets of the Bank of Industry (BOI) has hit N3.3 trillion as at June 30 2023, which represents...
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