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.
Remote Jobs: Apple Orders Employees To Come To The Office 3 Times A Week
[ODUNEWS] August 16 – Following months of delays, Apple finally has a solid start date for its hybrid work policy,...
Naira Trades N687 Per Dollar At P2P Market
The Naira traded for N687 per dollar in the peer-to-peer segment of the foreign exchange market on Monday, OduNews reports.
Oil Released Into Ogoni Community To ‘Flush’ Facility – Shell
Shell Petroleum Development Company has confirmed that it released five barrels of crude oil into the Bodo community in the Gokana local government area of Rivers state through its Trans Niger pipeline.
NSITF Clears Air On Reports That Termites Ate N17.1bn Payment Voucher
The Nigerian Social Insurance Trust Fund (NSITF) has cleared the air on reports that N1.7158 billion vouchers were eaten by termites.
Nigeria’s BoI Earmarks €1bn To Support MSMEs, Others
The Bank of Industry has set aside a €1 billion loan to support small and medium-scale companies and large enterprises.
Fuel Subsidy Gulps N1.593tn In H1 2022
The Federal Government expended N1.593 trillion on fuel subsidies between January and June 2022, OduNews reports.
CBN Increases Savings Rate To 4.2%
The Central Bank of Nigeria has raised the savings rate to 4.2% from 0.15 percent, which is 30 percent of the Monetary Policy Rate (MPR).
High Inflation Rate Pushes Local Market Down By 0.07%
The Nigeria Exchange (NGX) Limited depreciated by 0.07% on Monday following the announcement that the country's inflation surged to 19.64% - the highest in 17 years.
Nigeria Targets Ending Gas Flaring By 2025
The Federal government has announced the launch of a Gas Flare Commercialisation Programme Team which has since projected 2025 to end gas flaring in the country.
Stanbic IBTC Rated Best In Retail, SMEs Banking
Foremost audit and consultancy firm KPMG has rated Stanbic IBTC as the best in retail and SME segments in its Nigeria Banking Industry Customer Experience Survey.
Nigeria’s Inflation Rate Jumps To 19.64% In July
Nigeria's inflation rate rose to its highest in 17 years rising from 18.06% recorded in June to 19.64% in July.
NASD OTC Exchange Market Grows 0.12% In Week 32
The NASD Over-the-counter security exchange recorded a 0.12% week-on-week growth in the 32nd week of 2022.
FBN Holdings, Capital Oil, Others Lift Stock Market By N13.5b
Trading on the floor of the Nigerian Stock Exchange Limited ended bullish last week as transactions in the shares of Capital Hotel Plc, FBN Holdings Plc and Jaiz Bank Plc lifted the market by N13.5 billion.
Insurance Sector Grows By 6.2% In Q1 2022
The National Insurance Commission (NAICOM) says the insurance sector recorded a year-on-year growth of 6.2% at the end of March 2022.
Online Payment Transactions Hit N204.5trn Between January To July 2022
The Nigeria Inter-Bank Settlement Systems (NIBSS) says the country recorded N204.5 trillion online transactions between January and July 2022.
Bua Cement, 23 Others Drag Stock Market Down By 0.70%
The Nigerian Stock Exchange (NGX) recorded a 0.70% loss on Friday due to a decline in the share prices of BUA Cement and 23 others as investors sold off the stocks to book profit as they weigh their options.
NNPC Renews Licenses Of Five OMLS After Thirty Years Hiatus
The Nigerian National Petroleum Commission (NNPC) Limited says it has renewed the licenses of five Oil Mining Leases after resolving a 30-year-old conflict with its partners over oil production sharing contracts.
Naira Tumbles To N690/$ At P2P Market As Greenback Scarcity Worsens
The value of the naira on Friday fell to N690 per dollar at the Peer-to-Peer market segment as the country continues to face the scarcity of the greenback.