Latest News
-
67Local NewsElectricity: Metered Consumers Decline 0.21% to 5.9m
The total number of metered customers declined by 0.21 percent, month-on-month, MoM to 5.977 million in May 2024 from 5.990 million recorded...
-
137Banking & FinanceCBN to Sanction Banks for Rejecting Old, Small Dollar Denominations
The Central Bank of Nigeria (CBN) has threatened to sanction Deposit Money Banks (DMBs) for rejecting old and small denominations of the...
-
349Stock MarketLocal Bourse Reverses Loss
EQUITIES The Nigerian equities market was negative for most of the day however late buying interest in ZENITHBANK (+2.6%), GTCO (+1.9%) and...
-
154Industry & MoneyCredit to Government Rises by 42% to ₦28.4tr
Credit to the government rose by N8.4 trillion or 42 per cent, month-on-month to N28.4 trillion in May from N19.98 trillion in...
-
229Economy & MarketW’Bank Loans, Others Grow Nigeria’s FX Reserves to $34.14b
Nigeria’s foreign reserves have surged to $34.14 billion, data from the Central Bank of Nigeria (CBN) released at the weekend has shown....
-
155Industry & MoneyRail Transport Revenue Rises 122% to ₦2.11b
Rail transport revenue grew by 122 percent, Year-on-Year, YoY to N2.11 billion in the first quarter of 2024 (Q1’24) from N949.94 million...
-
179Business NewsCapital Importation Rises 210% to $3.38b
Capital importation into the country grew Quarter-on-Quarter (QoQ) by 210 percent to $3.38 billion in the first quarter of 2024 (Q1’24) from...
-
159Local NewsAfrica holds 125b Oil Barrels, Says NUPRC
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) said Africa holds substantial oil and gas reserves. The continent’s proven oil reserves are estimated...
-
154Local NewsFG Revokes ₦757b Obajana-Benin Highway Contracts
Contracts for the dualisation of the 489-kilometre Obajana-Benin Highway have been terminated by the Federal Government. The action, according to Works Minister...
-
247Real Estate80% of Nigerians Can’t Afford Mortgage –Minister
Ahmed Dangiwa, Minister of Housing and Urban Development, says more than 80 per cent of Nigerians cannot afford mortgage to own houses....
