Browsing: Nigeria

Some African and Caribbean leaders have stressed the need for Africa to form a united force and end the

Gov. Siminalayi Fubara of Rivers has directed Heads of Administration in the 23 Local Government Areas(LGAs), to

Gov. Abba Yusuf of Kano State has laid the foundation for an 85-kilometer road project worth about N21 billion in

Cash rich Geregu Power Plc has estimated a total profit of N9.87 billion for the third quarter of 2024, according to the company’s regulatory filing submitted to the Nigerian Exchange, NGX.

Guaranty Trust Bank, GTBank, has dragged 60 top executives of 13 commercial banks to court over a N17 billion Anchor Borrowers Programme (ABP) debt. The affected persons include chairmen, chief executive officers, directors, and company secretaries of the 13 banks.

Jaiz Bank Plc has forecasted N5.517 billion in profit for the third quarter of 2024, according to the Islamic lender’s regulatory filing submitted to the Nigerian Exchange, NGX.

Oil prices dipped over a weak demand outlook as China’s, the world’s second-largest crude consumer, industrial production slowed down. The bearish trade was also supported by a strong US dollar which kept energy costs elevated amidst a hawkish tone from the Federal Reserve.

Investors reacted negatively, trimmed their Nigerian treasury bills (NTB) holdings in the secondary market following successive spot rates cut at the Central Bank of Nigeria’s (CBN) primary market auction last week.

Inflation rate accelerated by 26 basis points in May to 33.95% due to higher food items prices in Nigeria amidst uncertainties, according to data released by statistics office. In its report, the National Bureau of Statistics (NBS) said that in May 2024, the headline inflation rate increased to 33.95% from 33.69% in April.

Gov. Babajide Sanwo-Olu on Friday inaugurated Lagos State Cybersecurity Advisory Board to