Naira Hits Red Line, Official Rate Tops Parallel Quote by N17
Naira Hits Red Line, Official Rate Tops Parallel Quote by N17 The Nigerian naira depreciated by about 5%, crossing N1600 red line versus dominance US dollar as eligible foreign currency…
MTN Nigeria Falls below N4Trn over Poor Earnings
MTN Nigeria Falls below N4Trn over Poor Earnings MTN Nigeria Plc’s market valuation reduced sharply below N4 trillion to become the new fallen angel in the stock market. The telecom…
Minimum Wage: Labour Slashes Demand To N500,000
There are strong indications that organised Labour will push for N500,000 as the minimum wage as the zonal public hearing on the new wage structure begins on Thursday (today) in…
Court Of Appeal President Rejects Timipre Sylva’s Request To Disband Bayelsa Governorship Election Petition Tribunal
The President of the the Court of Appeal, Monica Dongban-Mensem, has dismissed Timipre Sylva’s request for the disbandment of the Bayelsa State Governorship Election Petition Tribunal. Mr Sylva, the All…
24 States Can’t Pay Salaries Without FG Allocation — Budgets
At least 24 states of the federation will not be able to pay workers salaries this year without having to wait for federal allocations from the central government, findings by…
FCT Minister Wike Assures Residents Of Efforts To End Indiscriminate Cattle Movement In City Center
Federal Capital Territory (FCT) Minister Barrister Nyesom Wike reassured concerned residents on Wednesday that efforts were underway to end the indiscriminate movement of cattle within the city center. The Minister…
Investors Are Dumping NASCON after Dividend, Bonus Share Notice
Investors Are Dumping NASCON after Dividend, Bonus Share Notice Investors take early profit on NASCON Allied Industries Plc despite good earnings performance in 2023, according to the company’s audited results.…
Foreign Investors Return to FX Market Will Take Time -Fitch
Foreign Investors Return to FX Market Will Take Time -Fitch Foreign investors would continue to stay on the sidelines of Nigeria’s economy even after the Central Bank (CBN) clear its…
Alleged $6 bn Fraud: EFCC Replies Ex-minister Agunloye on Powers to Prosecute Him
Alleged $6 bn Fraud: EFCC Replies Ex-minister Agunloye on Powers to Prosecute Him The Economic and Financial Crimes Commission (EFCC) has asserted that it has powers based on judicial precedents…
NGX Gains N194bn as Transcorp Names Rally
NGX Gains N194bn as Transcorp Names Rally The equities market capitalisation of the Nigerian Exchange (NGX) inched higher by about N194 billion as Transcorp names continue to rally. The sustained…