By Taiye Olayemi The stock market closed on a positive note Wednesday, as performance indices grew by 0.56 per cent amid increased buying interest and bargain hunting. Market capitalisation rose by N405 billion, or 0.56 per cent, to close at N72.302 trillion, compared with N71.897 trillion on Tuesday. Similarly, theContinue Reading
By Grace Alegba The Central Bank of Nigeria (CBN) has debunked a news story circulating that suggested it had extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to Dec. 31. Mrs Hakama Sidi Ali, CBN Acting Director, Corporate Communications Department, described the information as false andContinue Reading
By Fortune Abang The Russian Federation on Tuesday declared its readiness to assist Nigeria business community deepen trade cooperation with Russian companies to bolster the trade volume between the two countries. Amb. Andrey Podelyshev, Russian Ambassador to Nigeria, disclosed this while briefing journalists in Abuja, against backdrop of the embassy’sContinue Reading
By Vivian Emoni The Abuja Chamber of Commerce and Industry (ACCI) has reaffirmed its commitment to partnering with government and other relevant stakeholders to refine policies that support Small and Medium Enterprises (SMEs). Mr Agabaidu Jideani, Director-General of the ACCI, disclosed this in an interview with the News Agency ofContinue Reading
By Okeoghene Akubuike The National Bureau of Statistics (NBS) says Nigeria’s total merchandise trade stood at N36,024.66 billion in the first quarter of 2025. This is according to the NBS Foreign Trade in Goods Statistics Report for Q1 2025 released in Abuja on Wednesday. The NBS said that the figureContinue Reading
By Ginika Okoye The Federal Competition and Consumer Protection Commission (FCCPC) has constituted a joint market monitoring taskforce to eliminate unsafe products and obnoxious business practices in FCT markets. Inaugurating the taskforce in Abuja on Wednesday, the Executive Vice Chairman of the Commission, Mr Tunji Bello, said that the moveContinue Reading
By Okeoghene Akubuike The Infrastructure Concession Regulatory Commission (ICRC) has announced that the Nigeria Public-Private Partnership (PPP) Summit 2025 will take place from June 17 to 18, in Abuja. Dr Jobson Ewalefoh, Director-General of ICRC, disclosed this in a statement issued by Ifeanyi Nwoko, Acting Head of Media and Publicity,Continue Reading
By Franca Ofili The Federal Government has signed a Memorandum of Understanding (MoU) with Investonaire Academy to train 100,000 young Nigerians each year in the dynamic field of foreign exchange (Forex) trading. Mr Ayodele Olawande, Minister of Youth Development, said during the ceremony in Abuja on Tuesday that the partnershipContinue Reading
By Taiye Olayemi The Nigerian Council of Registered Insurance Brokers (NCRIB) has urged President Bola Tinubu to prioritise insurance as a key driver in achieving a $1 trillion economy. Mr Tope Adaramola, Executive Secretary of NCRIB, made the call during an interview with the News Agency of Nigeria (NAN) onContinue Reading
By Salif Atojoko Sen. Atiku Bagudu, the Minister of Budget and Economic Planning, says the President Bola Tinubu administration has implemented bold reforms that have positioned the nation’s economy for sustained recovery and growth, despite short-term pain. The minister said this while addressing State House Correspondents after a courtesy callContinue Reading
