Latest News
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274Industry & 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...
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216Business 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...
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192Local 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...
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249Local 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...
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295Real 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....
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34The EntrepreneurFunding for Formerly Excluded Entrepreneurs in Nigeria by FMO, FCMB and the European Commission
Today, the Dutch Entrepreneurial Development Bank (FMO) and Nigeria’s First City Monument Bank (FCMB) signed a $25 million NASIRA guarantee agreement. The...
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264Stock MarketLocal Bourse Off to Bearish Start
EQUITIES Trading in the domestic bourse commenced the week on a negative note, as profit-taking activities witnessed in ZENITHBANK (-2.5%) caused a...
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253Economy & MarketBonds: Bullish Sentiment Returns as Average Yield Dips
Bullish sentiment returned to the domestic bond market as mild buy interest pushed average yield downward marginally. Consequently, average FGN bond yield...
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265Money MarketTreasury Bills: Bearish Sentiment Persists as Average Yield Advances
Last week, bearish momentum was sustained in the Nigerian Treasury Bills (“NT-Bills”) secondary market, primarily influenced by sell-offs at the long end...
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178Economy & MarketCBN Parleys OPS to Boost Productive Sector
The Central Bank of Nigeria (CBN) recently hosted a dialogue between the Organised Private Sector (OPS) and relevant stakeholders to explore strategies for...
