Stock Market Remains Bullish, Capitalisation Gains N1bn
The Nigerian stock market extends its bullish run to close at N28.719 trillion from the N28.619 trillion recorded on Monday, an increase of N1 billion or 0.35 per cent. The All-Share Index (ASI) also rose...
Titan Trust Bank Completes Takeover Of Union Bank
Union Bank Plc on Thursday said it had completed its core investors’ sale of a majority shareholding to Titan Trust Bank Ltd., a subsidiary of TGI Group. In a statement signed by Somuyiwa Sonubi, the...
CBN Reviews Operations Of NIBBS Instant Payments System, Others
The CBN has reviewed upwards, the operations of the Nigeria Inter-Bank Settlement System (NIBSS) and other electronic payment operations. This is contained in a circular by Musa Jimoh, Director, Payments System Management Department of the bank. Jimoh...
Naira Gains At Investors And Exporters Window By 0.18%
The Naira on Tuesday exchanged at 419.50 to the dollar at the Investors and Exporters window, compared to 420.25 traded on Monday, representing 0.18 per cent appreciation. The open indicative rate closed at N418.58 to...
Adeboye inaugurates bank, prays for Delta
General Overseer of Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, on Monday, inaugurated a branch of Premium Trust Bank in Asaba, Delta. Adeboye, who was the Special Guest, was accompanied to the occasion by...
CBN Raises MPR To 13%, Retains other Parameters
For the first time in over two years, the Central Bank of Nigeria (CBN) has increased the Monetary Policy Rate (MPR) to 13 per cent. Mr. Godwin Emefiele, Governor of the CBN, said this while...
MPC: Mixed Reactions Greet Interest Rate Hike
The decision of the Monetary Policy Committee of the Central Bank of Nigeria (CBN) to raise the benchmark interest rate to 13 per cent was received by some economists on Tuesday with mixed reactions. While...
AfDB’s ‘High 5’ Programme Impacts 335m People Across Africa — Adesina
The President of African Development Bank (AfDB) has said the high five programme of the Bank has impacted no fewer than 335 million people and households across African countries. A statement signed by Dr. Adesina...
Nigeria To Earn $2bn In Advertising –Lai Mohammed
The Federal Government says at the conclusion of the on-going reform in the creative industry and advertising sector, the country will earn two billion dollars in advertising within three years. The Minister of Information and Culture,...
Retail Price For Petrol Increases To N172.61 in April 2022- NBS
The National Bureau of Statistics (NBS), says the average retail price paid by consumers for Premium Motor Spirit (Petrol) increased to N172.61 in April 2022. This is according to the NBS Premium Motor Spirit (Petrol)...
Jet A1 Price Hike: Ibom Airline Will Not Withdraw Flight Services – Statement
Ibom Airlines Ltd., (Ibom Air) says it is not taking part in the withdrawal of flight services as announced by Airline Operators of Nigeria (AON). AON had hinged its resolve to shut down domestic flights...
MEDIA ENGAGEMENT : DECLARATION OF 2021 NATIONAL OIL AND GAS RESERVES AND PROACTIVE INITIATIVES...
Gentlemen of the press It is a great privilege for me to have you around with us today. This would be another in the series of our formal interactions since I assumed office six months...
Tariff Hike: Lawyer, Group Disagree With MultiChoice On Tribunal Jurisdiction
A lawyer, Festus Onifade, has disagreed with MultiChoice Nigeria Limited, the operator of DStv and Gotv, over the firm’s application challenging the jurisdiction of the tribunal in a suit filed against it. Onifade and Coalition...
