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Business & Economy
Dangote: EFCC raid could hurt economy, scare investors – Reps member, Ikenga
The raid on the Dangote Group headquarters by agents of the Economic and Financial Crimes Commission, or EFCC, has alarmed Hon. Ikenga Ugochinyere Ikeagwuonu, a member of the House of…
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NNPCL, marketers fight over subsidies, operators set price of petrol at N1,200 per litre
On Tuesday, the Nigerian National Petroleum Company Limited and fuel marketers affiliated with the Independent Petroleum Marketers Association of Nigeria battled once more over the…
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Banking stocks drive market capitalisation past historic N40tn
At the end of trading on Wednesday, the Nigerian Exchange Limited's market capitalization exceeded N40 trillion due to heightened trading activity in banking equities.
In a similar…
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FG cuts external borrowing, debt soars to N88tn
According to the most recent data from the Debt Management Office, the Federal Government's desire for loans from overseas banks is decreasing.
This is because, as of the end of…
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FG’s domestic borrowing rises to N7.04tn, says DMO
The Federal Government borrowed N7.04 trillion domestically in 2023, based on information released on Monday by Patience Oniha, Director-General of the Debt Management Office. She added…
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Tinubu urges Nigerians to be mindful of current economic situation, avoid abnormal profits
Nigerians have been warned by President Bola Tinubu not to take advantage of the nation's current economic circumstances for disproportionate gain.
Nigeria's inflation rate,…
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Investors gain N130bn amid moderation in trade volume, deals
Despite investors' gains of N130 billion at the end of trading on Tuesday, trading activity on the Nigerian Exchange Limited decreased.
Following a day of favorable trading on the…
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Nigerian government reveals intention to phase out cars
With the implementation of the National Vehicle Registry Policy, or VREG, the Nigerian government has made efforts to stop the smuggling of automobiles into the nation known.
The…
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Coup: ECOWAS sets conditions for lifting Niger sanctions
The Economic Community Of West African States said on Sunday it was continuing sanctions on Niger’s military dictatorship imposed after a July coup, saying progress on the transition to…
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Chairman of Nigerian Brewe resigns, firm names replacementries
The chairman, Mr. Asue Ighodalo, has resigned, and Nigerian Breweries Plc has announced changes to the makeup of its board of directors.
Mr. Uaboi Agbebaku, the company secretary,…
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