Browsing: Nigeria

Justice Joyce Abdulmalik of the Federal High Court sitting in Abuja, on Friday, June 7, 2024, ordered the final forfeiture of every asset of NOK University, Gwasmyen Water Factory, Gwasmyen Event Center, and Gwasmyen International Hotel in Kaduna State.

The Nigeria Customs Service (NCS) Trade Modernisation Project (TMP), will create more than 15,000 jobs, its General Manager, Mr Ahmed Ogunshola, has said.

The global crypto market cap slid by 3.66% to $2.54 trillion as bitcoin price fell below $70,000. According to data from Coinmarketcap.com, the total crypto market volume over the last 24 hours reached $91.6 billion, which represents a 12.53% increase over the day. 

N180bn Electricity Debt: EEDC to Disconnect Government Houses, CBN, Others

The naira ended the week in red against the dominant US dollar in the foreign exchange market as demand and supply continues to test effectiveness of Nigeria’s willing buyer, willing seller FX policy.

The Federal Government said it has offered organised labour N62, 000 which is equivalent to 42 US dollar at N1476 exchange rate as the new national minimum wage for workers in the country.

Airtel Africa said it has repurchased its 17386,055 shares from the London Stock Exchange (LSE) since March 1 when the telecom giant launched a share buyback program in London.

Stanbic IBTC, FCMB Selloffs Drive Midday Loss on NGX

Fidelity Bank Plc says it has concluded plans to raise N127.1 billion by way of rights issue priced at N9.75 to existing shareholders and a public offer at N9.75, which is a combined subscription

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.