By Grace Alegba The Naira continued its upward trend on Wednesday, appreciating further at the official market and closing at N1,596.70 to the U.S. dollar. According to data released on the Central Bank of Nigeria’s official website, the local currency gained N3.33 against the dollar. This improvement represents a 0.21Continue Reading
By Taiye Olayemi The Nigerian Stock Market extended its positive trend, appreciating by N186 billion amid increased buying interest. Market capitalisation rose by N186 billion or 0.27 per cent to close at N68.543 trillion, compared with N68.357 trillion on Tuesday. Similarly, the All-Share Index (ASI) also increased by 296.72 pointsContinue Reading
By Kadiri Abdulrahman A professor of Capital Market at the Nasarawa State University in Keffi, Uche Uwaleke, says Sukuk is the route to go by the Federal Government in obtaining project-tied credit facilities. Uwaleke, who is also the President of Association of Capital Market Accaremics, said this in an interviewContinue Reading
By Diana Omueza Mr Adegboyega Oyetola, the Minister of Marine and Blue Economy, has urged the various agencies in the marine sector to align priorities and eliminate task duplication to advance the sector. Oyetola said this on Tuesday in Abuja at the 2025 two-days Sectoral Retreat for Top Management ofContinue Reading
By Nana Musa President Bola Tinubu has reiterated his commitment in undertaking bold and comprehensive reforms to reposition the country’s fiscal architecture for resilience, inclusiveness and economic growth. Tinubu said this during the 27th Annual Chartered Institute of Taxation of Nigeria (CITN) Tax Conference in Abuja on Tuesday. The themeContinue Reading
By Salif Atojoko Mohammed Idris, the Minister of Information and National Orientation, has confirmed that Nigeria has fully repaid the 3.4 billion dollars COVID loan from the International Monetary Fund (IMF). The Minister said this while briefing State House Correspondents after the sixth Federal Executive Council (FEC) meeting. Idris addressedContinue Reading
By Okeoghene Akubuike Taimur Samad, World Bank’s Acting Country Director for Nigeria, says the Nigerian economy is improving due to the country’s commitment to sustained reforms. Samad made this statement based on the latest Nigeria Development Update (NDU) report, titled “Building Momentum for Inclusive Growth”, released on Monday in Abuja,Continue Reading
By Emmanuella Anokam Alfa Designs Nigeria Ltd., a leading oil and gas company, says it is set to deploy Compressed Natural Gas (CNG) cascade to proximity areas to spur its availability in the country. The Group Managing Director/Chief Executive Officer of the company, Mr Quadri Fatai, disclosed this in anContinue Reading
By Aisha Cole The Nigerian Ports Authority (NPA) has denied allegations of corruption, insisting that misapplication of budgetary provisions is impossible under its strict regulatory framework. NPA’s General Manager, Corporate and Strategic Communications, Ikechukwu Onyemekara, said this in Lagos. Onyemekara stated that the Authority’s budget and spending undergo close monitoringContinue Reading
The Debt Management Office (DMO), on Monday hosted an investor meeting for the issuance of N300 billion series seven Sovereign Sukuk issuance in Abuja. The Director-General of the DMO, Patience Oniha, said that since inception in 2017, Sukuk had become a product of choice for non- interest investors in theContinue Reading
