By Taiye Olayemi The Nigerian Exchange Ltd. (NGX) closed on a positive note on Friday, as the stock market gained N151 billion, driven by strong investor interest in select equities. The market capitalisation rose by N151 billion or 0.23 per cent to close at N66.647 trillion, up from N66.496 trillionContinue Reading
By Martha Agas The Nigeria Customs Service (NCS) said it has recorded a total of 69 currency declarations with the deployment of its Electronic Currency Declaration Form (e-CDF) at the Nnamdi Azikiwe International Airport, Abuja. The spokesman of the service, Abdullahi Maiwada, announced this in a statement on Friday inContinue Reading
By Bosede Olufunmi The Federal Government has disbursed over N107 billion to no fewer than 900,000 beneficiaries across Nigeria’s six geo-political zones. The News Agency of Nigeria (NAN) reports that the disbursement is under the Presidential Grant and Loan Scheme for Micro, Small, and Medium Enterprises (MSMEs). The Managing DirectorContinue Reading
By Emmanuella Anokam The Presidential Compressed Natural Gas Initiative (P-CNGI), in partnership with the National Union of Road Transport Workers (NURTW) has begun the enforcement of 40 per cent public transport fare reduction on CNG converted commercial vehicles. The P-CNGI made this known in Abuja on Friday, while marking theContinue Reading
By Peter Uwumarogie The Federal Government, through the Bank of Industry (BoI), has disbursed N2.25 billion to support 16,696 Micro, Small, and Medium Enterprises (MSMEs) in Gombe. Dr Olasupo Olusi, Managing Director and Chief Executive Officer of BoI, confirmed this during a town hall meeting held in Gombe on Friday.Continue Reading
By Taiye Olayemi The Ekiti State Government has expressed its readiness to partner with the Chartered Institute of Stockbrokers (CIS) to upscale capacity building on financial intelligence for top-level government officials. This is in line with the institute’s financial literacy programme and following plans to introduceContinue Reading
By Taiye Olayemi The Securities and Exchange Commission (SEC) has uncovered another suspected illegal investment platform identified as TOFRO.COM (Tofro). The commission raised the alarm in a notice issued on Thursday and made available to newsmen. The commission warned Nigerians against falling for their tactics to obtain money from themContinue Reading
By Ginika Okoye Four banks have posted N979.77 billion as Profit Before Tax (PBT) for the first quarter of 2025 ended March 31. The News Agency of Nigeria (NAN) correspondent, who monitored banks’ quarter I unaudited financial statements posted on the Nigerian Exchange Group (NGX) platform, reveals that all theContinue Reading
By Taiye Olayemi The Nigerian Exchange Group (NGX) has announced a profit of N2.1 billion for the first quarter of 2025. The Exchange disclosed this in its unaudited financial statement released on Wednesday. This represents an increase compared to the N1.34 billionContinue Reading
By Taiye Olayemi Nestlé Nigeria has reported a 61 per cent revenue growth of N294.9 billion in first quarter of 2025. This is compared to N183.5 billion reported for the first quarter of 2024. The companyContinue Reading
