Year: 2024

The equities market index is trading negative during the midday session on the Nigerian Exchange (NGX) platform due to sell pressure on banks and telecom company stocks. The Nigerian index declined yesterday due to weak sentiment despite earnings releases.

Gold has hit an all-time high in the global commodities market ahead of U.S. election. Gold hit another record high this morning, topping the all-time peak set just yesterday, climbing to $2,789.86/oz, ING said in a note.

The Federal High Court in Abuja, on Wednesday, restrained the Central Bank of Nigeria (CBN) from further releasing monthly financial allocations to Rivers government.

Oil prices climbed in the global commodities market on Wednesday as a report shows a sharp decline in U.S. crude inventories. Chinese demand outlook remains negative, while the World Bank’s latest report indicates there will be an oil glut in 2025 and 2026.

Senate Passes NDIC Bill to Safeguard Bank Depositors’ Fund The Senate at plenary passed  a bill to strengthen the capacity…

Moody’s Ratings has revealed that deposit money banks hold unknown quantities of legacy exposures after the Central Bank of Nigeria’s (CBN) forbearance that was granted during COVID-19.

Nestle Nigeria Net Loss Increases by 328% to N184bn Nestle Nigeria’s net loss widened by 328% year on year to…

FG Overhauling National Grid to Improve Power Supply –Official The Federal Government (FG) says it is overhauling the national grid…

President Bola Tinubu, on Tuesday, commended the Implementation Committee on the Naira-based sales of crude oil and refined products and asked the members to resolve any teething problems.

The Impact Investors Foundation (IIF), in collaboration with Kuramo Capital Management, on Tuesday in Lagos, introduced the Wholesale Impact Investment Fund (WIIF) to Pension Fund Administrators (PFAs) alongside other pension stakeholders and regulator.