CBN Vows To Penalise Shipping Companies Exporting Undocumented Cargoes
The Central Bank of Nigeria has vowed to penalise shipping companies exporting undocumented cargoes to the country.
NGX Market Capitalisation Rises By N62bn
The Nigerian Exchanged (NGX) Limited closed in the positive territory on Monday as the market capitalisation increased by N62 billion.
Tony Elumelu Backstabbed Me, Went After My Shares During Bankruptcy – Otedola
Billionaire businessman, Femi Otedola, has given reasons why he pulled off acquiring Transcorp Plc, OduNews reports.
BREAKING: Dangote Group Sets Date for Highly Anticipated Refinery Launch
The Dangote Group’s highly anticipated oil refinery and petrochemical company, with a capacity of 650,000 barrels per day, is set...
High Prices Force Nigerians To Reduce Spending On Household Consumption 9% In Q1′ 2023
Household consumption spending reduced by 9 per cent between January and March 2023, macroeconomic snapshot, KPMG, has said in a report.
Customs Street Recovers 0.16% After Losing Streak
The local stock market halted the red streak recorded this week as investors gain went up by 0.16% on Thursday, OduNews reports.
Dangote, MTN Nigeria Donate N100,000 Stipend, N25,000 Airtime To Sudan Returnees
Dangote Foundation has donated a N100,000 stipend to each of the Nigerians evacuated from war-torn Sudan, OduNews reports.
Pressure On Bellwether Stocks Pull Local Market Down By N49bn
The local stock market recorded a 0.17% over the sell-offs of some bellwether shares, OduNews reports.
Local Stock Market Investors Lose N58bn
The Nigerian Exchange (NGX) Limited recorded a N58 billion loss at the close of trading activities on Tuesday, OduNews reports.
CBN Denies Plans To Phase Out New Naira Notes
The Central Bank of Nigeria says it has no plans to phase out the new naira notes from circulation, OduNews reports.
Mark Harper Criticizes RMT Union for Eurovision Song Contest Strike Plans
Transport Secretary Mark Harper has criticized the RMT transport union for allegedly targeting the Eurovision song contest by scheduling strikes...
Nigerian Government Increases Tariffs on Imported Rice, Wheat, and Alcohol Among 189 Items
The Federal Government of Nigeria has declared a review of the Import Adjustment Tax (IAT) in line with the implementation...
Otedola Sells Stake In Transcorp Days After Acquiring Shares
Billionaire businessman Femi Otedola has sold his stake in Transcorp just 15 days after acquiring shares in the company.
Elumelu Increases Stake In Transcorp To 25.58%
Tony Elumelu's owned HH Capital Limited has increased its stake in Transnational Corporation Plc (Transcorp) to 25.58%.
HMV to Reopen Flagship Store on London’s Oxford Street After 4-Year Absence
HMV, the UK-based music and entertainment retailer, will return to its former flagship store on London’s Oxford Street, four years...
Naira Rises To N462 Per Dollar At Official Market
The value of the naira appreciated against the dollar at the Investors and Exporters window of the foreign exchange market on Thursday.
NGX Market Capitalisation Grows By N76bn
The Nigerian Exchange (NGX) Limited maintained its positive momentum on Thursday as it recorded a 0.27% gain.
Naira Hits N750/$ At P2P, N463 At Official Market
The naira exchanged for N750 against the dollar at the peer-to-peer market segment while trading for N463.44 at the Investors & Exporters window.
Local Stock Market Gains N137bn To Maintain Upward Trend
The local stock market retained its positive momentum as investors gained N137bn at the close of trading on Tuesday.
Wema Bank Gross Earnings Rise By 42.3% To N131.08bn In 2022
Wema Bank says it grew its gross earnings by 42.3% to N131.08 billion as of the end of 2022 financial period from N92.14bn in the corresponding period of 2021.