Nigeria’s equities market on Thursday recorded its first negative close in this holiday-shortened trading week. The NGX All-Share Index (ASI) decreased by 0.19 percent, following record sessions of positive closes in early trading this week. All key sectoral indices closed…
By Esther Agbo The Federal Government of Nigeria, through the Debt Management Office (DMO), plans to raise N150 billion from the bond market in September 2024. This figure marks one of the smallest bond offerings of the year, signalling a…
By Esther Agbo To fortify its financial standing, Ecobank announced recently that it has secured approval from bondholders to increase its capital buffer by 10 percent. This decision comes as the bank navigates economic pressures exacerbated by the devaluation of…
The Central Bank of Nigeria has reduced the cybersecurity levy on electronic transactions from 0.5 percent to 0.005 percent according to its new fiscal guidelines for 2024-2025. “The CBN shall continue to enforce the payment of the mandatory levy of…
The prolonged turnaround maintenance of Nigeria’s refineries, especially the Port Harcourt facility, has become a troubling saga. Launched before 2021, this initiative has devoured millions of Naira without producing tangible results. As a result, the hope for these refineries to…
In the early 2000s, my world turned upside down. After the sudden demise of our parents, my siblings and I were left to navigate life’s challenges without the guiding hand we had depended on for so long. The void was…
The Economic and Financial Crimes Commission (EFCC) and the Nigeria Data Protection Commission (NDPC) have agreed to forge partnership and collaboration towards effecting cyber data protection in the country. This agreement was brokered in Abuja on Wednesday, September 18, 2024…
…Residents in flood-prone areas must relocate to safeguard lives — NIHSA warns …NEMA reports 1.6m affected, 634,000 displaced in five months By SodiqAdelakun The Federal Government has issued a stern warning urging immediate evacuation for residents in flood-prone areas, as…
…As Coca-Cola plans to invest $1bn in Nigeria By Esther Agbo Nigeria has recorded a monthly net inflow of $2.35 billion into its foreign reserves, a development that is helping to stabilise the naira and strengthen the nation’s economic position,…
Nigeria is set to join countries that have decriminalised attempted suicide soon, Coordinating Minister of Health and Social Welfare, Prof. Mohammad Pate has revealed. The Health Minister made this known at the 2024 World Suicide Prevention Day event in Abuja.…
