Economy & Market
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204Fed Govt Offers ₦1b Business Loan at 9% Interest Rate
The Federal Government is offering loan facilities up to N1 billion at a nine per cent interest rate to businesses, including manufacturers,...
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199CBN Lifts Embargo on Fintechs Onboarding New Customers
The Central Bank of Nigeria (CBN) has lifted the embargo placed on fintechs which prevented them from onboarding new customers. Announcing the development...
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271NGX All-Share Index Halts Winning Streak
EQUITIES Trading in the domestic stock market began the week on a negative note as investors sold off FBNH (-4.7%), SEPLAT (-1.3%) and...
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244Weekly Treasury Bills Update: Bullish Streak Continues
The Nigerian Treasury Bills (“NT-Bills”) secondary market closed the week on a positive note, as investors continued to demand for higher yield,...
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314NDIC Commences Liquidation of Heritage Bank
Following the revocation of the banking license of Heritage Bank Plc by the Central Bank of Nigeria (CBN) today, June 3, 2024...
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240
Central Bank Revokes Licence of Heritage Bank
The Central Bank of Nigeria (CBN) has revoked the operating licence of Heritage Bank with immediate effect. CBN’s Acting Director, Corporate Communications,...
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245Economic and Market Report: Week Ended 31-05-2024
Global Economy According to the United States Department of Labor, the initial jobless claims in the US increased by 3,000 to 219,000...
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192Stock Market Ends Week Strong
This week, the local bourse snapped out of the three consecutive weekly losses with a perfect trading week, as it closed 1.73%...
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155
NGX All-Share Index Hits 5-Week High
EQUITIES The bulls continued to dominate activities in the domestic bourse as bargain hunting in SEPLAT (+10.0%) triggered a 0.5% gain in the...
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149Nigeria’s E-commerce Value Reaches $9.02b
The Nigerian Export Promotion Council (NEPC) said that the country’s E-commerce value rose from $675.68 million in 2022 to $9.02 billion in...
