CBN Auctions FX 5 Times to Boost US Dollar Liqudity

CBN Auctions FX 5 Times to Boost US Dollar Liqudity The foreign currency scarcity pressure caused the Central Bank of Nigeria (CBN) to intervene in the forex market five times…

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Banks’ Interest Income Spikes as Lenders Reprice Old Loans

Banks’ Interest Income Spikes as Lenders Reprice Old Loans Banks earnings rose sharply in 2023 as Nigerian lenders earned higher interest income from loan book repricing.  In the latest earnings…

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PenCom Recovers N2.19bn from 31 Defaulting Employers in Q1

PenCom Recovers N2.19bn from 31 Defaulting Employers in Q1 National Pension Commission, PenCom, said in a report that it recovered a total sum of N2.194 billion from defaulting employers in…

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CBN to Rollover N1.564trn Maturing Treasury Bills in Q3

CBN to Rollover N1.564trn Maturing Treasury Bills in Q3 The Central Bank of Nigeria (CBN) announced on Friday its plan to re-issue N1.56 trillion in treasury bills during the third…

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AEDC Sets June 3 to Disconnect Federal Ministries over Electricity Debts

AEDC Sets June 3 to Disconnect Federal Ministries over Electricity Debts The Abuja Electricity Distribution Company (AEDC) has said it will disconnect all customers with outstanding electricity bills by Monday,…

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FG Targets Increase Contribution from Solid Minerals

FG Targets Increase Contribution from Solid Minerals The Federal Government (FG) is targeting a higher contribution from solid minerals as part of its plan to grow the economy to $10…

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Nigerians Consume 1.6bn Litres of Milk, Products Annually – FG

Nigerians Consume 1.6bn Litres of Milk, Products Annually – FG The Minister of State, Federal Ministry of Agriculture and Food Security, Sen. Aliyu Abdullahi says Nigerians consumed estimated 1.6 billion…

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NDLEA Intercepts Over N2.1bn Worth of Codeine Syrup, Loud Consignment

NDLEA Intercepts Over N2.1bn Worth of Codeine Syrup, Loud Consignment The National Drug Law Enforcement Agency (NDLEA) has intercepted large consignments of codeine-based syrup and Loud, a synthetic strain of…

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JAMB Reschedules Exams for 24,535 Candidates

JAMB Reschedules Exams for 24,535 Candidates The Joint Admissions and Matriculation Board (JAMB) says a supplementary 2024 Unified Tertiary Matriculation Examination (UTME) for 24,535 candidates has been scheduled for Saturday,…

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Nigerian Exchange Climbs by N995bn over 5-Day Rallies

Nigerian Exchange Climbs by N995bn over 5-Day Rallies The Nigerian Exchange rose as equity investors gained approximately N995 billion in five trading sessions. Despite the higher yield on fixed interest…

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