Economy & Market
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22FG Raises ₦1.1tr via 6 Sukuk Bonds to Fund 124 Road Projects
The Federal Government has raised N1.1 trillion ($657.6 million) through the issuance of six Sukuk bonds, aimed at financing 124 critical road...
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18Imported Petrol Landing Cost Drops to ₦900/Litre
The estimated cost of landing Premium Motor Spirit, commonly known as petrol, on Nigeria’s shores, has seen a considerable reduction of N36,...
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86Bulls Tighten Grip as ASI Up 0.3%
EQUITIES The domestic stock market closed higher for the third consecutive day as sustained interest in WAPCO (+6.1%) caused a 0.3% increase...
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37Banks Lost ₦42.33b to Fraud in Six Months –Report
Banks in Nigeria have reported a staggering N42.33bn in fraud-related losses over the first two quarters of 2024, with increases recorded across...
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86Asian Stocks Rise After US Inflation Backs Fed Cut
Asian stocks climbed Thursday after US equities snapped a two-day slide on benign inflation data that supported expectations of a Federal Reserve...
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82Oil Production in Nigeria Hits 1.7mbpd
The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 per cent to 1.69 million barrels per day...
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17Nigerians Pay ₦1.5tr Despite Declared ₦15tr Income –Oyedele
The Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms in Nigeria, Taiwo Oyedele, has said that personal income tax...
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37Bullish Sentiment on Customs Street as ASI Up 0.3%
EQUITIES The local bourse extended yesterday’s bullish performance as bargain hunting in ARADEL (+7.5%), CONOIL (+10.0%) and WAPCO (+1.5%) drove the benchmark...
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69Asian Stocks Slip, Dollar Steadies Ahead of US CPI
Asian shares retreated as traders await key US inflation data for clues on whether the Federal Reserve will cut or hold interest...
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68New Senate Bill Bans Export of Raw Materials to Boost Local Industries
Senators at plenary yesterday, unanimously passed a bill to mandate local processing of at least 30 per cent of raw materials in...
