The manager of Nigeria’s sovereign wealth fund, the Nigeria Sovereign Investment Authority, grew its net assets by 10 per cent from N919.73bn in 2021 to N1.02tn in the 2022 financial year.
This was disclosed in its audited results for the 2022 financial year, which was released on Thursday.
The highlights of NSIA’s activities and performance during the period under review also showed that it…
Oil marketers, on Monday, insisted that they were no more interested in the old naira notes and would not collect them from the public, despite claims that the Central Bank of Nigeria had cleared the bills for the transaction.
It was also gathered that Deposit Money Banks…
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…
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…
Some fish traders on Wednesday in Ibadan protested the rejection of old naira notes by cold room operators, saying the development lead to losses on their part.
The traders, comprising aged women, had converged on the premises of Agidigbo 88.7FM along Iwo Road-Ojoo…
The stock market lost N37 billion on Tuesday after a six-day rally that ended with a take profit bottoming Nigerian Exchange Limited.
The Jeonju index closed at 54,299.76 points, down 67.98 points and 0.13% from the previous trading day. Similarly, the total market…
The bullish momentum in the Nigerian equities market has defied analysts’ expectations as the benchmark index breaks another strong psychological resistance point, surpassing 54,000 mark, reaching a 14-year high of 54,213.09 points last weekend.
The market had recorded a breakthrough against the psychological resistance point in May 2022 when it surpassed 53,000 points.
Earlier this year many…
Dangote Industries Limited announced that it has signed a contract with China Sinoma International Engineering to build a 6 million tonne/year cement plant in Itori, Ogun State.
According to a statement from the company, the agreement was signed by Aliko Dangote, chairman of…
President Muhammadu Buhari approved the appointment of Mr. Olusegun Awolowo has been appointed Secretary of the African Continental Free Trade Association (AfCFTA) National Action Committee for a four-year term starting December 19, 2022. This endorsement has been granted to…
The Central Bank of Nigeria has authorized 400 financial agents to facilitate access to the new banknote design in rural areas.
CBN said this would allow residents of rural Kogi to meet the January 31 deadline, allowing them to finally retire their old banknotes from circulation.
At Elulu Mopa Palace Thursday, CBN Oba’s chief strategy officer Julius Joledo Oluranti Buari said people can…