Oando tops losers’ chart as NGX declines
The Nigerian Exchange (NGX) experienced a third consecutive day of decline, with the All Share Index falling by 0.20% to 97,199.60 points on Wednesday. This downward trend resulted in a…
National Assembly proposes ₦25million fine for unlicensed insurance companies
The National Assembly is proposing a ₦25million fine for insurance companies in Nigeria operating without a license.This proposal is part of the new Nigeria Insurance Industry Reform Bill, 2024. This…
Oando Plc rises by 60.47% as NGX Records Gains
Oando Plc made a 60.47% gain in the last trading week ending August 9, 2024.Investors saw the NGX All-Share Index and market capitalization appreciate by 0.87%, closing the week at…
Manufactures, SMEs to get ₦150 billion government palliative
Manufacturers, small and medium scale enterprises will soon receive ₦150 billion palliative from the Federal government of Nigeria.The Minister of Industry, Trade and Investment, Doris Aniete, disclosed in a statement…
Dangote, BUA Groups among big winners in CBN’s forex auction
The Central Bank of Nigeria (CBN) conducted a Retail Dutch Auction System (RDAS) on August 6, 2024, to address rising demand pressures in the foreign exchange (forex) market and promote…
Access Bank gives clients cleaner energy financing
Access Bank, Nigeria's largest bank by assets, has launched the "Switch to Solar by Access" campaign, offering affordable financing opportunities to businesses and customers to adopt solar energy solutions.The campaign…
SEC to present vision for Capital Market
The Securities and Exchange Commission (SEC) will hold the second meeting of the Capital Markets Committee (CMC) in Lagos. The meeting will be held on August 14, 2024.The meeting intends…
Investors profit by N97 billion as stock market rebounds
The Nigerian Exchange Limited (NGX) stock market experienced a significant rebound yesterday, gaining N97 billion driven by price increases in Oando Plc and 26 other stocks. This upward trend led…
CBN boosts Naira with $876.26m in Retail Dutch Auction
In its most recent Retail Dutch Auction, the Central Bank of Nigeria (CBN) auctioned $876.26 million to 26 approved banks for N1,495/$1. This is stated in a statement signed by…
Nigeria records 55% growth in FX flows
Nigeria has recorded a 55% increase in its foreign exchange inflows in the first half of 2024. This is according to the Central bank of Nigeria, CBN. According to the…
