The Central Bank of Nigeria (CBN) says it will continue to enforce payment of the mandatory levy on all electronic transactions by banks and other financial institutions. This comes nearly…
Category: BUSINESS
NGX continues the bullish trend with N314bn gain on Thursday
The Nigerian Exchange Limited continued its bullish run as investors added N314 billion in profits to their portfolio on Thursday. The market capitalization, which opened at N56.133 trillion, gained N314…
CBN maintains 5% ways and means advances to govt
The Central Bank of Nigeria has confirmed that it will sustain its Ways and Means Advances to the Federal Government at a five per cent limit for the fiscal years…
NGX resumes trading with N131bn gain on Tuesday
The Nigerian Exchange Limited, NGX, opened the week’s trading session on a good note by adding 0.23 percent or N131 billion to the market capitalization on Tuesday. This is as…
NNPC to sell Dangote petrol at N1,019/ litre in Borno, N950 in Lagos
The Nigerian National Petroleum Company (NNPC) Limited has stated the prices it will sell the petrol lifted from the Dangote Refinery in some States across the nation. It said it…
Telcos begin disconnection of phone lines not linked to NIN
Telecommunications operators are expected to start disconnecting mobile telephone lines that are not linked to National Identification Numbers, following the expiration of the September 14 deadline set by the Nigerian…
Dollar-to-Naira exchange rate records N46 gain in last seven days
The Naira recorded a N46.91 gain against the dollar at the official foreign exchange market on a week-on-week basis. FMDQ data showed the Naira strengthened to N1,546.41 against the dollar…
External reserves grow by $424.68m – Report
Nigeria’s external reserves recorded an increase of $424.68 million between August 30 and September 10, highlighting an improved financial outlook for the country. Data sourced from a report by the…
Nigeria’s trade surplus rises 34% to N6.95 trn
According to the bureau, imports fell by 10.7 percent QoQ to N12.47 trillion in Q2’24 from N13.97 trillion in Q1’24. However exports grew by 1.57 percent to N19.4 trillion in…
Crude oil contributed N14.56tn to Nigeria’s exports in Q2 – Report
Crude oil exports contributed N14.56 trillion to the country’s total exports in the second quarter of the year, making up 74.98 per cent of the total export value, according to…
