Union Bank of Nigeria (UBN) has inched closer to becoming a private company …

The equities segment of the Nigerian Exchange (NGX) gained more than N93 billion on Wednesday amidst increased bargain hunting on stocks with strong fundamentals and liquidity.

Prices of crude oil increased on Wednesday following a positive demand forecast by the International Energy Agency (IEA).

The average yield on Nigerian government fixed interest securities instruments slid over renewed interest by local investors. Buying interest in the secondary market dragged the average yield lower by 1bp to 15.8% in the OMO segment.

The average yield on Nigerian government bonds climbed to 15.74% on Tuesday amidst high inflation rate expectations. The secondary market witnessed selloffs across tenors with investors showing particular interest in very long-dated borrowing instruments.

President Bola Tinubu has assured Nigerians that the Federal Government would reverse the worrisome trend in the economy.

Nigeria’s inflation rate ran to 27.33% in October 2023, the statistics office said in its monthly consumer price index report. Again, the increased consumer pressure was driven by a surge in food inflation.

The African Export-Import Bank (Afreximbank) says it is set to inaugurate the African Energy Bank in June 2024 to mitigate the crisis in the African energy sector.

The Nigeria Customs Service, Seme Area Command, Lagos State, said on Tuesday that it generated a total sum of N3.05 billion in 10 months.

Gov. Umar Namadi of Jigawa on Tuesday presented N298.14 billion estimates for the 2024 fiscal year to the Jigawa State House of Assembly.