Abuja High Court Vacates Order Freezing Abia Govt’s Account
A Federal High Court sitting in Abuja on Thursday, 6th April 2023, reversed the order freezing some of the Abia State Government accounts. Recall that the court had ordered the…Read More
Lamidi Apapa Declares Self LP Chair As Abure Alleges Invasion Of HQ By Thugs
Some members of the National Working Committee of the Labour Party (LP) led by the Deputy National Chairman of the party (South) Lamidi Apapa have taken over the affairs of…Read MoreAirtel Africa Valuation Sinks by N556bn
Airtel Africa Valuation Sinks by N556bn Nigerian Exchange’s (NGX) sensitivity to the price movement of the telecom giant, Airtel Africa Plc was tested again Wednesday as the combined valuation of…Read MoreOil Rallies amidst Supply Side Concerns
Oil Rallies amidst Supply Side Concerns Oil prices climbed on Wednesday over rebounding demand in the US after data revealed that US crude stockpiles decreased by more than anticipated, coupled…Read MoreFEC Approves N15.3bn to Boost ICT Assets for 2023 Census
FEC Approves N15.3bn to Boost ICT Assets for 2023 Census The Federal Executive Council (FEC) on Wednesday approved two contracts worth N15.3 billion for the supply and installation of information…Read MoreSubsidy: FG Gets $800m Grant from World Bank
Subsidy: FG Gets $800m Grant from World Bank Ahead of the planned subsidy removal in June 2023, the Federal Government has announced it received $800 million grant from the World…Read MoreNigerian Exchange Bleeds as Airtel Africa Falls by 10%
Nigerian Exchange Bleeds as Airtel Africa Falls by 10% The equities segment of the Nigerian Exchange (NGX) closed negative due to selloffs in Airtel Africa, a telecom company share that…Read MoreNigeria Attracts $1.06bn Capital Inflows – NBS
Nigeria Attracts $1.06bn Capital Inflows – NBS Amidst weak interest in the local economy by foreign investors, the National Bureau of Statistics (NBS), says total capital importation in Nigeria stood…Read More22 Africa Countries Face Risk of External Debt Distress
22 Africa Countries Face Risk of External Debt Distress Debt default rate across Africa has triggered a new worry at a time when growth projection has turned upside down with…Read MoreFMN Plc Quotes ₦64.97bn Commercial Papers -FMDQ
FMN Plc Quotes ₦64.97bn Commercial Papers -FMDQ In an effort to support its working capital requirement, Flour Mills of Nigeria (FMN) Plc has quoted about N65 billion commercial paper on the FMDQ platform, according to a statement from the Exchange. To accelerate the development of the Nigerian debt markets, FMDQ Securities Exchange Limited said it […]OPEC+ Output Cuts to Drive Prices, Push Market into Deficit
OPEC+ Output Cuts to Drive Prices, Push Market into Deficit The Organisation of Petroleum Exporting Countries and Allies (OPEC+) members’ decision to cut production by almost 1.2 million barrels per…Read MoreUBS to Cut 36,000 Jobs
UBS to Cut 36,000 Jobs After the decision to take over the troubled Swiss lender Credit Suisse, UBS Group AG revealed plans to lay off as much as 30% of…Read More
