Private Sector Received N62.28trn Credit In Q1 21 – NBS
The National Bureau of Statistics says the private sector received N62.28 trillion in credit facilities in the first quarter of 2021.
Sanwo-Olu Signs Lagos Wealth Fund Bill, Launches 30-Year Development Plan
The Lagos state governor, Babajide Sanwo-Olu has signed the Lagos Wealth Fund bill which will be sent to the state's House of Assembly to be passed into law.
Nigeria Risking Financial Instability With Rate Hikes, IMF Warns
The International Monetary Fund says Nigeria risks financial instability if it continues to increase its benchmark rates.
Bulls Return As Unlisted Stock Market Gains N620m
Trading on the floor of the NASD Over-the-Counter Securities Exchange closed on a positive note on Wednesday with the market capitalisation increasing by N620 million, OduNews reports.
IMF Reduces Nigeria’s Growth Projection To 3.2%
The International Monetary Fund has reduced Nigeria's economic growth by 3.2%, OduNews reports.
World Bank Blacklists Nigerian Companies, Individuals Over Corruption
The World Bank has banned five Nigerian companies and individuals from benefiting from its contract for corrupt practices.
Equities Market Sheds N18.56bn As All-Share Index Fall By 0.07%
The Nigerian Exchange (NGX) Limited closed in the red zone on Wednesday as the All-Share Index went down by 0.07%., OduNews reports.
Reps Order CBN To Suspend Sale Of Polaris Bank
The House of Representatives has ordered the Central Bank of Nigeria to suspend its plan to sell Polaris Bank.
Unlisted Stock Market Cap Depreciates By N4bn
The NASD Over-the-Counter Securities Exchange depreciated by N4 billion on the first day of trading this week.
Carbon Finance Reports N3.9bn Half Year Revenue
Carbon Finance has reported N3.9 billion in revenue and N1.4 billion in operating income for the first six months of 2022.
NGX Opens Week In Positive Territiry As Investors Gain N116.83bn
The Nigerian Exchange (NGX) Limited opened the week on a bullish note as investors rake in N116.83 billion at the end of a busy trading day.
Emirates Airlines Rakes In $837.6m On African Routes In 2021
African Aviation Service Limited says Emirates Airlines recorded the biggest patronage in Africa in 2021 raking in $837.6 million in revenue.
Keystone Bank Enrolls 40 Youths In Digital Skills Training
Keystone bank employees have empowered 40 youths by enrolling them on a digital skills training programme.
Stanbic IBTC Commits To Net Zero Emissions
Stanbic IBTC Holdings has restated its commitment to exploring avenues to achieve net zero emissions by 2050, with the hope to create a more sustainable future for all.
Nigerian Data And Intelligence Firm, Stears, Raises $3.3m
Stears, a Nigerian data, media and insight firm, has raised $3.3 million in seed capital to establish its presence in East and Southern Africa.
Jaiz Bank Offers Free Medical Checks To Customers, Staff
Jaiz Bank Plc has offered free medical checks to its customers and staff as it marks the 2022 customers service week.
Crude Oil Falls To $96 Pb Amid Recession Fears
The global crude oil benchmark, Brent crude, fell to $96.19 per barrel after losing $1.73 or 1.8 per cent, OduNews reports.
Microsoft Partners Liquid Cloud To Deploy Hybrid Cloud Infrastructure In Africa
Microsoft says it has partnered with Liquid Cloud to deploy cloud infrastructure in Africa in a bid to enable businesses with cloud services in the region.
NIPCO Plc Acquires Abuja Sheraton Hotel
NIPCO Plc says it has acquired a majority stake in Capital Hotel Plc, owners of Sheraton Hotel in Abuja.
2023 Budget: OPI Raises Concerns Over Buhari’s Borrowing Plans
The Organised Private Sector has faulted President Muhammadu Buhari's borrowing plans to fund the 2023 budget.