The Minister of Finance, Mr Wale Edun, has emphasised the crucial role of the capital market in achieving the nation’s ambitious goal of becoming a one-trillion dollar economy. Speaking at the Capital Market Committee (CMC) meeting, the minister highlighted the market’s transformation since 2015. He said that with improvements...
BUSINESS
A coalition of women entrepreneurs, under the banner of the ‘We Want More Campaign’ (#WEEwantMore), has commended Access Bank’s announcement of a $100 million facility to support Micro, Small and Medium Enterprises (MSMEs). The News Agency of Nigeria (NAN) recalls that the women launched the WEEwantMore campaign online in...
By JOY ADARA, Abuja –. The Federation Account Allocation Committee (FAAC), has shared N1.681 trillion, being April revenue among the Federal Government, states and the Local Government Councils (LGCs) . This is acccording to a communiqué made available by Bawa Mokwa, the Director, Press and Public Relations, Office of...
The Naira ended the trading week on a positive note, recording a bullish close on Friday at the official foreign exchange market. It appreciated to N1,598.72 against the U.S. Dollar, reflecting a modest gain that suggests continued efforts to stabilise the local currency. According to figures published on the...
The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate eased to 23.71 per cent in April 2025. The NBS disclosed this in its Consumer Price Index (CPI) and Inflation Report for April 2025, which was released in Abuja on Thursday. According to the report, the headline inflation...
The Presidency has said Nigeria attracts over 8 billion Dollar (about N12.8 trillion) investments in deepwater projects and gas Final Investment Decisions (FIDs) in one year. Olu Verheijen, Special Adviser on Energy to President Bola Tinubu disclosed this on Wednesday, at the 2025 Africa CEO Forum holding in Abidjan,...
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday officially inaugurated the Non-Resident Bank Verification Number (NRBVN) platform in Abuja. According to the apex bank, this innovative digital gateway allows Nigerians in the diaspora to obtain a BVN remotely without the...
Vice-President Kashim Shettima said with critical reforms in key sectors of the economy, Nigeria is ripe for investments. Shettima stated this on Tuesday when he hosted a delegation from the Islamic Development Bank (IsDB), at the Presidential Villa, Abuja. The News Agency of Nigeria (NAN) reports that the delegation...
Oando Plc, the indigenous firm that acquired Nigeria Agip Oil Company, says it has recorded four operational oil spills from October 2024 to date. The oil firm disclosed this in a statement made available to the News Agency of Nigeria (NAN) by Oando’s Spokesperson Mrs Alero Balogun, General Manager,...
The Debt Management Office (DMO), on. Monday hosted an investor meeting for the issuance of N300 billion series seven Sovereign Sukuk issuance in Abuja. The Director-General of the DMO, Patience Oniha, said that since inception in 2017, Sukuk had become a product of choice for non- interest investors in...
Some bank customers, especially those of Guaranty Trust Holding Company (GTCO) say they will opt for electronic mail alert from their banks to cut costs and reduce charges on their accounts. Some of them who spoke to the News Agency of Nigeria (NAN) in Abuja on Sunday, said they...
Nasarawa States Governor, Abdullahi Sule has urged Dangote Industries Limited to consider investing in more sectors of the state economy. Sule, in a statement on Sunday, said the state was home to solid mineral resources and the strategic partnership between both parties would speed up Nigeria’s industrialisation process. The...
The Nigerian National Petroleum Company Limited (NNPC Ltd.) and Dangote Petroleum Refinery and Petrochemicals have pledged to deepen collaboration on Nigeria’s energy security. The aim according to them is to also advance shared prosperity for Nigerians. The commitment was made during a courtesy visit by the President/Chief Executive of...
MTN Nigeria says it invested N3.5 billion on corporate social investment in 2024. Chief Sustainability Officer, MTN Nigeria, Tobechukwu Okigbo, disclosed this during the company’s Facts Behind the Sustainability Report presentation at the Nigerian Exchange Ltd. (NGX), on Thursday, in Lagos. Okigbo said, “In 2024, we invested N3.5 billion...
The stock market extended its rally for a fifth consecutive session on Thursday, adding N240 billion to market capitalisation. Market capitalisation increased to N68.652 trillion, representing 0.35 per cent increase from the opening value of N68.412 trillion. The All-Share Index also rose by 382.13 points, or 0.35 per cent,...
The Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani, has said President Bola Tinubu is making significant efforts to raise Nigeria’s Gross Domestic Product (GDP) through increased contributions from the digital economy. Tijani made the disclosure on Thursday during a visit to his alma mater, Anglican Grammar...
The past few years have witnessed rapid digital innovation and economic diversification in Nigeria, with online gaming being one of the primary growth drivers. The online casino business is one of such businesses that strongly impact the economy by creating jobs, encouraging digital payments, and generating tax revenue. A...
The Federal Government on Wednesday directed the management of the Nigerian National Petroleum Company Ltd. (NNPCL) to increase oil production beyond current levels by the end of the year. The Minister of State for Petroleum Resources (Oil), Mr Heineken Lokpobiri, said this in an interview with the News Agency...
The Nigerian stock market extended its positive trend, appreciating by N307 billion amid increased buying interest. Market capitalisation rose by N307 billion or 0.45 per cent to close at N68.412 trillion, compared with N68.105 trillion on Tuesday. Similarly, the All-Share Index (ASI) also climbed by 488.73 points or 0.45...
Petroleum Technology Association of Nigeria (PETAN) says its consistent presence at the Offshore Technology Conference (OTC) has spurred over eight billion dollars in investments for Nigeria’s oil and gas sector. Its Chairman, Mr Wole Ogunsanya, disclosed this on Tuesday during the PETAN Luncheon and Panel Session held at the...