Investors’ Profit Taking Runs Nigerian Stock Exchange Market Into N68 Billion Loses
The market capitalization of the Nigerian Stock Exchange (NSE) on Friday shed N68 billion as a result of profit taking embarked by investors. The market...
MTN Set To Sell Shares To Nigerians, And Get Listed On Stock Exchange
There are indications that the telecommunications giant, the MTN Nigeria will soon change its legal status in the west African country by selling its...
Inter-Bank Forex Market Gets $210 Million Boost from Central Bank
The Central Bank of Nigeria (CBN) has again intervened with the sum of $210 million to sustain liquidity in the inter-bank foreign exchange market. Figures...
Economy: Africa Development Bank President Vows To Make Nigeria Powerhouse
President of African Development Bank (AfBD), Dr. Akinwumi Adesina has vowed to use the bank to make Nigeria a powerhouse in African economy. Speaking to...
Inflation May Make Nonsense Of N30,000 Minimum Wage – Senator Abu Ibrahim
Chairman of the Senate Committee on Employment, Labour and Productivity, Senator Abu Ibrahim, from Katsina South, has said that inflation and rise in prices of...
Central Bank Pumps 254.8 Million, CNY 35.8 Million Into Forex Retail SMIS
The Central Bank of Nigeria (CBN) has again intervened in the retail Secondary Market Intervention Sales (SMIS) with the sum of $254.8 million even...
Forex Market Gets $210 Million CBN Boost
The inter-bank segment of the Foreign Exchange Market has received a boost of $210 million from the Central Bank of Nigeria (CBN) following sales...
There’s No Plan To Remove Fuel Subsidy, Finance Minister says
Nigeria’s Finance Minister, Mrs. Zainab Ahmed has cleared the air on the controversy generated by the International Monitory Fund (INF) on the removal of...
Rumour Of Fuel Scarcity In Nigeria Is Work Of Mischief Makers – NNPC
Nigerian National Petroleum Corporation (NNPC) has described the rumours making the rounds about fuel scarcity in the country as the work of mischief makers. The...
Buhari Government Revokes 6 Oil Mining Licences
The Muhammadu Buhari Federal Government has revoked the licences of six Oil Mining Leases (OMLs) and one oil prospecting lease (OPL), in the onshore,...
