Stock investors lost N281bn at the end of trading on the floor of the Nigerian Exchange Limited last week.
The NGX All-Share Index and market capitalisation depreciated by 0.96 per cent and 0.95 per cent to close the week at 53,804.46 and N29.310 trillion respectively.
Also, all other indices finished lower with the exception of NGX Premium, NGX Insurance, NGX MERI Growth, NGX Consumer Goods, NGX…
Agusto & Co. Limited, a pan-African credit rating agency and business information provider has said Nigeria’s insurance industry’s 2022 gross premium will rise above N700bn from increased economic activities.
It stated this in its 2023 insurance industry report…
Advocacy groups are looking for ways to work together to address the housing shortage.
February 20, 2023
Stakeholders in the built industry have called for collaboration between the Federal Government and the private sector to tackle the country’s housing deficit.
This call was made at the maiden edition of the real estate outlook conference organised by Wemabod Limited in…
The Nigerian Investment Promotion Commission has commenced the development of a well- coordinated investment promotion ecosystem Act, to enable government and non-government investment promotion players to undertake mutually reinforcing and complementary roles to attract, retain and grow investment in Nigeria.
The Executive Secretary, NIPC, Saratu Umar, disclosed this in Abuja at the…
Ecobank has rewarded four customers with N1m each for using the electronic payment channels of the bank regularly.
During the cheque presentation at its super rewards event in Lagos, the bank said it introduced the programme to promote the use of its electronic payment…
PremiumTrust Bank has received ‘Nigeria’s Fastest Growing Bank 2022’ and ‘Bank of The Year 2022 (Sports Development)’ awards from the Management of BusinessDay Banks & Other Financial Institutions Awards Committee.
The management of BAFI Awards noted that…
The naira crisis worsened as the currency in circulation fell to 1.54 trillion naira.
February 20, 2023
As the Naira crisis worsened, the total amount of money in circulation in the Nigerian economy fell from 3.3 trillion naira to 1.54 trillion naira, according to documents from the Central Bank of Nigeria.
This was due to a huge shortage of new naira banknotes, while a dire shortage of the old currency caused great hardship and suffering for millions of Nigerians and left some stranded.
According…
Farmers in the country under the aegis of the United Integrated Farmers Association of Nigeria have scored the regime of the President, Major General Muhammadu Buhari (retd.), low in tackling the nation’s current food crisis.
The organisation said there had not been…
The investment in the global oil and gas upstream sector has increased by 39 per cent to $499bn in 2022, the highest level since 2014 and the most significant year-on-year gain in history.
This was according to a new report by the International Energy Forum and S&P…
Iròkó, Nigeria’s furniture and lifestyle brand has said as part of its efforts at boosting innovation in the sector, it launched a ready-to-assemble sofa and bed frame collection specially designed.
In a statement on Friday, it said the sofas and beds were durable, stylish and could be assembled easily with little effort and in very little time.
It stated, “They fit into tight spaces…