The Central Bank of Nigeria on Thursday sold dollars to eligible Bureau De Change operators at the rate of N1450 This was disclosed in a statement signed by the acting director of the Trade and Exchange Department at the CBN,…
Investors in the Nigerian equities market lost N24 billion at the close of trading on Wednesday. This followed the dip in the share prices of RT Briscoe, FTN Cocoa, and Tantalizer, amongst others on the trading floor today. After five…
By Esther Agbo The Federation Accounts Allocation Committee (FAAC) distributed N1.354 trillion in revenue for June among the Federal Government, states, and Local Government Councils (LGCs). This distribution occurred during the July FAAC meeting in Abuja, led by the Minister…
By Esther Agbo The Federal Government, through the Office of the Accountant General of the Federation, has directed all Ministries, Departments, and Agencies (MDAs) to remit five percent retention fees deducted from contractors’ payments to the Central Bank of Nigeria…
By Esther Agbo Nigeria’s data centre market is anticipated to expand significantly, growing from $131.6 million to $288.8 million by 2027. According to the Enterprise Sales Director for Central Africa at Vertiv, Gbenga Adebowale, this forecast highlights a major recovery…
By Esther Agbo The eagerly anticipated spot Ethereum Exchange Traded Funds (ETFs) are scheduled to commence trading on July 23, following the United States Securities and Exchange Commission (SEC) granting preliminary approval to several proposed issuers. The SEC, led by…
By Esther Agbo AXA Mansard Plc has announced it will pay shareholders a total dividend of N3.6 billion for the fiscal year ending December 2023, equating to 40 kobo per share. This information was detailed in the company’s updated corporate…
By Esther Agbo The Sterling One Foundation has announced its partnership with the African Export-Import Bank (Afreximbank) for the third edition of the Africa Social Impact Summit (ASIS), scheduled for July 25-26, 2024, in Lagos, Nigeria. This collaboration aims to…
Investors in the Nigerian capital market gained N62 billion at the close of trading on Tuesday. This followed an increase in the share prices of stocks like Ucap, Cutix and Sunu Assurance amongst others on the trading floor today. After…
By Esther Agbo The attempted assassination of former US President Donald Trump has led to different reactions across global stock exchanges, mostly bearish. As markets opened on Monday, July 15, significant declines were observed in both European and Asian markets.…
