Economy & Market
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272Govt. Borrows ₦11tr via Bonds, T-bills in Four Months
The Federal Government has raised a total sum of N11trilion through auctions and sales of Treasury bills and saving bonds issuance in...
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132FG Directs Banks to Deduct Stamp Duty Charges on Mortgages
The Federal Government has directed Deposit Money Banks to immediately begin the deduction of 0.375 per cent stamp duty charge on all...
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234NDIC Raises Insurance Coverage for Banks to ₦5m
The Nigeria Deposit Insurance Corporation (NDIC) has raised deposit insurance coverage for all licensed deposit-taking financial institutions in the country with immediate...
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62Stock Market Opens May Bullish
EQUITIES Bullish sentiments continued in the Nigerian equities market in the first trading session in May underpinned by bargain hunting in GTCO...
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93Nigerian Exchange Group Posts 332% Profit in Q1 ’24
Following its recently concluded Annual General Meeting, Nigerian Exchange Group Plc (NGX Group) has unveiled the Q1 2024 results, signaling a promising...
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80Banks Close 2 million Accounts Over BVN, NIN, Others
Nigeria closed 2.021 million bank accounts in the first quarter of 2024, Q1’24, in effort to clean their books of questionable accounts...
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136Local Bourse Halts Bearish Performance
EQUITIES The local bourse closed on a bullish note today driven by renewed interest in MTNN (+4.0%) and FBNH (+6.9%). Consequently, the NGX...
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212Central Bank Halts Four MFBs from Onboarding New Customers
In a move highlighting ongoing scrutiny of foreign exchange transactions, the Central Bank of Nigeria (CBN) has directed four major Microfinance Banks...
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211Lagos, Rivers lead States in ₦18b Bank Fraud Loss
The Nigeria Inter-Bank Settlement System has revealed that Lagos, Rivers States and the Federal Capital Territory led the financial fraud count in...
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85Stock Market Kicks Off Bearish
EQUITIES The domestic stock market kicked off on a bearish note as sell pressures on GTCO (-7.9%), DANGSUGAR (-10.0%), SEPLAT (-2.3%) and...
