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Nigeria’s equity market continued its positive run on Wednesday, with the All-Share Index (ASI) rising 2.38% to 90,063.25 points. This represented a gain of 2,092 basis points from the previous day’s closing of 87,971.10. Investors gained a significant N1.14 trillion, ...

Former Vice President Atiku Abubakar has said the National Petroleum Company (NNPC) Limited must explain the benefits of its newly discovered approach to privatisation of the oil refineries in Nigeria. He said the NNPC Limited should have privatised the refineries ...

The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has said the Federal Government will be saving N8tn annually from the fuel subsidy removal and exchange rate unification policies. Oyedele spoke during a panel session at ...

The naira tumbled to N1,300/$ at the parallel market on Tuesday. This is as it closed trading on the Peer-to-Peer cryptocurrency window at N1,315.3/$1 on the day. Bureau de Change Operators confirmed the parallel market rates to The PUNCH. An Abuja ...

Nigerian equities witnessed a strong rally on Tuesday, with the benchmark index surging 3.93% to close at 87,971.10 points. The positive performance was driven by gains in industrial heavyweights, particularly Dangote Cement, BUA Cement, and Zenith Bank, witnessing share value ...

The Nigerian Exchange Ltd. (NGX) began trading on a positive note on Monday as the All-Share Index rose strongly by 1.92 percent or 1,597.93 points. Specifically, the All-Share Index settled at 84,640.89, compared to 83,042.96 achieved on Friday. Also, investors ...

Nigeria’s delegation, led by Vice President Kashim Shettima, is poised to leverage the World Economic Forum (WEF) in Davos, Switzerland as a springboard for attracting foreign investment, the Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has said. Over 52 Heads ...

The Central Bank of Nigeria’s (CBN) recent announcement to relocate key departments to its Lagos office has stirred mixed reactions, with some workers at the apex bank reportedly expressing “disquiet” about the move. But in a reaction to the reported ...

African Export-Import Bank (Afreximbank) has announced the successful disbursement of the initial tranche of the syndicated $3.3 billion crude oil prepayment loan to the Nigerian National Petroleum Company Limited (NNPC). The bank said the initial disbursement was about  $2.25 billion, ...

Following the dissolution of the board and management of Union Bank, Polaris Bank and Keystone Bank, analysts and market watchers have said, there is need for more clarity on the structure even as customers panic over what would become the ...