FMDQ Admits 102 Securities Worth N3.36trn In 2022
The FMDQ Securities Exchange Limited says it has admitted 102 securities worth N3.36 trillion on its platform in 2022.
Nigeria’s Forex Inflow Fall By 17.3% To $6.58b
Nigeria's average foreign exchange inflow went down by 17.3% to $6.58 billion in April 2022, OduNews reports.
FBN Holdings, E-Tranzact, UBA Push NGX Turnover To N5.6b
Nigeria's capital market recorded a N5.6 billion profit at the end of trading last week on the back of active positive trading of the financial service industry.
FG Asks Google, Apple To Remove Four Loan Sharks From Stores
Federal Competition and Consumer Protection Commission (FCCPC) has requested Apple and Google to remove four loan sharks from their stores.
Fuel Subsidy Gulps N6.210trn In 8 Years
Nigeria's Minister of Finance and National Planning, Zainab Ahmed, has said that the government paid N6.210 trillion to oil marketers as subsidy in eight years.
FG To Stop Fuel Subsidy 2023
The Federal Government says subsidies on fuel will be stopped by June 2023.
Lagos Airport Scanty As Return Tickets To Abuja, Kano Near N300,000
The hike in the price of aviation fuel, Jet A1, has forced airlines to astronomically increase the prices of return tickets leading to passengers shunning air travel.
Keystone Bank Awards 3 SMEs With N9m Grant
Keystone Bank Limited has awarded three startups with a N9 million grant in a bid to encourage entrepreneurs in the country and tackle the widespread unemployment.
Controversy Around Emirates’ Blocked Funds Drags Local Stock Market Down By 0.29%
The domestic stock market further depreciated by 0.29 per cent on the back of profit-taking in almost all the key sectors of the bourse.
N4bn Transactions Carried Out On E-Naira – CBN
The Central Bank of Nigeria says about N4 billion worth of transactions has been carried out using the digital currency, E-naira, since its launch in 2021.
Naira Exchanges N680 To Dollar At Black Market
Bureau De Change operators in parts of Lagos pegged the Nigerian currency at N680 per dollar on Thursday, OduNews reports.
Ghana Pegs Interest Rate At 22% — Highest In 20 Years
Ghana's Central Bank has increased its interest rate by 300 basis points to 22 per cent, the country's highest since 2002.
FBN Holdings Appoints Samson Ariyibi, Patrick Iyamabo As Executive Directors
FBN Holdings Plc has appointed Samson Oyewale Oyewale Ariyibi and Patrick Iyamabo as executive directors.
FX Scarcity Pushes Production Cost Above 30%
The Manufacturers Association of Nigeria (MAN) says the forex crisis in the country has shot the price of production of goods above 30%.
Investors Lose N9.87bn As Local Stock Market Down By 0.04%
Investors at the Nigerian Foreign Exchange Limited (NGX) lost N9.87 billion by the end of trading on Thursday.
UK’s New Trade Scheme To Allow Nigeria Export 99% Of Goods Duty-Free
The new Developing Countries Trading Scheme (DCTS) will allow Nigeria to export 99% of goods duty-free to the United Kingdom from 2023.
Nigerian Breweries Records N19.08bn Profit After Tax In H1’2022
Nigerian Breweries has posted N19.08 billion as its Profit After Tax in the first half of 2022, OduNews reports.
Local Stock Market Gains N43bn In Market Capitalisation
The Nigerian Stock Exchange (NGX) Limited recorded a 0.16% growth as the market capitalisation gained N43 billion to N26.812 trillion from N26.769 trillion.
NASD OTC Market Cap Slides Below N1trn
The NASD Over-the-Counter Securities Exchange fell to 0.39% leading to market capitalisation closing below N1 trillion on Tuesday.
UBA Opens Innovative Experience Centre In Abuja
The United Bank for Africa (UBA) has launched a modern Experience Centre in Abuja, Nigeria.