FEC Signs 16 Contracts to Boost Power Transmission
FEC Signs 16 Contracts to Boost Power Transmission The Federal Executive Council (FEC) has approved 16 contracts aimed at boosting the capacity to transmit and distribute power in Nigeria. The…
NGX Tracks Lower as Investor Dump More Stocks
NGX Tracks Lower as Investor Dump More Stocks The Nigerian Exchange (NGX) dips N7.2 billion on Thursday as Santa Claus fails to come to the equity market. Thus, investors sustained…
Yields on Bonds, T-Bills, OMO End Flat as Naira Gains
Yields on Bonds, T-Bills, OMO End Flat as Naira Gains There was no surprise in the fixed income market today as the average yields on fixed interest instruments were steady…
U.S. Dollar Trades Mixed Ahead of Data Schedule
U.S. Dollar Trades Mixed Ahead of Data Schedule The United States (U.S.) dollar was mixed against its major trading partners early Thursday ahead of the final busy day before the…
Titan Trust Bank Acquires 89.39% of Union Bank of Nigeria Shares
Titan Trust Bank Acquires 89.39% of Union Bank of Nigeria Shares Union Bank of Nigeria (UBN) board of directors today announced that it has received a notification of an agreement…
NGX Jumps as Investors Ramp Up Union Bank Shares
NGX Jumps as Investors Ramp Up Union Bank Shares The Nigerian Exchange, NGX, jumps by about N17 billion on Friday as investors’ ramp up shares of Union Bank following the…
Treasury Bills Yield Slowdown to 4.50%, Naira Falls
Treasury Bills Yield Slowdown to 4.50%, Naira Falls The average yield on Treasury Bills clears one basis point lower to 4.50% on Friday, the same time when Nigerian local currency,…
FG, States, Local Councils Share N675.946 Billion for November
FG, States, Local Councils Share N675.946 Billion for November Federal, States and local councils shared N675.946 billion from the federation account for November on Friday. Mr Olajide Oshundun, Acting Director,…
Nigeria Not Mortgage National Asset for Chinese Loans, Says DMO
Nigeria Not Mortgage National Asset for Chinese Loans, Says DMO The Debt Management Office (DMO) has clarified that loans from China to Nigeria, which presently stood at 3.59 billion dollars,…
CBN Endorses Ahmad Abdullahi Appointment as FBN Holdings Chairman
CBN Endorses Ahmad Abdullahi Appointment as FBN Holdings Chairman The Central Bank of Nigeria (CBN) has given its assent to the appointment of Ahmad Abdullahi to chair the board of…