CBN Interest Rate Cut Leads to N1.141 Trillion Loss at NGX
Investors on the Nigerian equities market suffered a major setback on Tuesday, losing N1.141 trillion in market value after the Central Bank of Nigeria reduced...
SaveBusiness & Money · Page 33
Nigerian Stock Market Surges by N804bn Amid Investor Caution from NGX
The Nigerian equities market opened the week on a bullish note on Monday, recording an N804 billion gain in investors’ wealth. Market capitalization on the Nige...
Save
Naira Takes a Hit: Drops N40 Against the US Dollar in Black Market Trading
The Naira depreciated significantly against the United States dollar at the parallel foreign exchange on Monday. At the black market, a Bureau de Change Operato...
Save
"Presidency Affirms: Executive Order on Oil and Gas Upholds Constitutional Integrity, Not Overreach"
The Presidency has said that the the Executive Order, EO9, on oil and gas is constitutional and not executive overreach. The Director-General, Budget Office of...
Save
"PETROAN: Tinubu's Executive Order to Enhance NNPCL Accountability"
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has backed President Bola Tinubu’s Executive Order on direct oil revenue remittanc...
Save
"Power Struggle: NLC and GenCos at Odds Over Debt While Nigerians Endure Blackouts"
The Nigeria Labour Congress and the Association of Power Generation Companies have engaged in a showdown over federal government legacy debt. NLC president Joe...
Save
Southeast Faces Blackouts as EEDC Reveals Partial National Grid Failure
The Enugu Electricity Distribution Company Plc, EEDC, has announced a partial national grid collapse that has plunged parts of the southeast into darkness. The...
Save
PENGASSAN Urges Collaboration to Protect Stability in the Oil Sector
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, has called for continued stakeholder engagement following the Federal Government’s...
Save
"GenCos Sound Alarm: N501bn Bond Falls Short of N6.6trn Power Debt, Risk of Blackouts Looms"
The Chief Executive Officer of the Association of Power Generation Companies, GENCOs, Dr Joy Ogaji, has said the Federal Government’s N501 billion power sector...
Save
Naira Experiences Mixed Reactions Against the US Dollar in Both Official and Black Markets
The Naira recorded mixed sentiments against the dollar on Wednesday at the foreign exchange markets. The Central Bank of Nigeria data showed that the Naira depr...
Save
Nigerian Stock Market Dips N577bn Following N11.86tn Surge
The Nigerian equities market reversed its recent bullish trend on Tuesday, recording a loss of N577 billion after several days of gains totaling over N11.86 tri...
Save
"Recapitalization Deadline Approaching: What Bank Consumers Can Expect After March 31 – Ogunbunka"
Dr. Uju Ogunbunka, president of the Bank Customers’ Association of Nigeria, has clarified the fate of customer deposits following the Central Bank of Nigeria’s...
Save