Year: 2024

No fewer than 81,000 residents of Ondo State are to benefit from the Federal Government’s Cash Transfer programme. Mrs Tosin Olupona, Manager, Ondo Cash Transfer, Office of Public and Intergovernmental Relations, made this known on Wednesday in Akure during a training programme for local government cash facilitators.

The naira exchange rate skidded in the forex market following Fitch Ratings bearish estimate that the local currency would close the year at N1450 in Dec. 2024.

Equities investors gain more than N132 billion as Nigerian Exchange (NGX) halted its two day downtrend due to gains in STANBIC (+9.6%), ZENITH (+2.8%), and FIDELITY (+8.0%) among others.

The Senate on Wednesday passed a bill seeking to prescribe improved salaries, allowances and fringe benefits of judicial office holders in Nigeria. This followed the adoption of a report of the Committee on Judiciary, Human Rights and Legal Matters at plenary.

Bitcoin price is back trading above $70,000 after weeks of sideways price action across the market. The world’s largest digital cryptocurrency asset and other cryptocurrencies were rising early Wednesday.

Stanbic IBTC has announced the launch of its scholarship programme for the 2023/2024 academic year. The initiative is designed to support and invest in the educational development of exceptional Nigerian youths.

The equities market is currently trading negative due to selloffs in key stocks like Oando, Fidelity Bank and Transcorp Plc among other decliners.

The Nigeria Deposit Insurance Corporation (NDIC), says it will begin payment of insured sum to 2.3 million depositors of Heritage Bank in-liquidation this week.

The average yield on Nigerian Treasury bills crashed to 21% in the secondary market on Tuesday following an increased position across the curve. The buying momentum was supported by a surge in liquidity levels following inflows from matured OMO bills in the market.

Brent crude price dropped below $78 per barrel in the global commodity market as oil market faces pressure from weak demand outlook. Oil prices continue to come