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Rebalancing: Investors Lost N198bn On Last Trading Day Of June

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...
COVID-19: CBN Releases Guidelines For Operations Of N100bn Credit Support For Healthcare

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 at 80

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...
COVID-19: CBN, Bankers’ Committee To Support Airlines, Media With Special Facilities

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...
Funtua’s Death, A Rude Shock – Lai Mohammed

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,...
PMS Hike: Group Gives FG 7-Day Ultimatum To Reverse Pump Price

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...
Engr. Gbenga Komolafe, NUPRC Commission Chief Executive

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...

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