The oil market closed lower by more than 2 per cent on Friday due to weaker Chinese demand and a potential slowing in the pace of US Federal Reserve interest rate cuts. Weak data from China continued ...

The value of the Naira to the US Dollar depreciated by 0.12 per cent or N2.05 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Friday, November 15. Data indicated that the exchange rate ...

The NASD Over-the-Counter (OTC) Securities Exchange recorded a 1.26 per cent rise on Friday, November 15 buoyed by five stocks. The market capitalisation of the alternative stock exchange increased by ...

A 0.50 per cent growth was recorded by the Nigerian Exchange (NGX) Limited on Friday despite a report from the National Bureau of Statistics (NBS) that inflation in October 2024 increased by 33.88 per ...

Subscription for the N239.4 billion rights issue of United Bank for Africa (UBA) Plc is commencing today, Friday, November 15, 2024. The bank is offering to its shareholders one new share for five ...

One of the top cement makers in Nigeria, Dangote Cement Plc, may again approach the capital market to source fresh funds, a notice from the company disclosed. In the disclosure filed to the Nigerian ...

It was a bad day for the Nigerian Exchange (NGX) Limited on Thursday as it depreciated by 0.25 per cent at the close of business due to profit-taking. The decline suffered by the bourse happened ...

Nigeria wants to corner 20 per cent of the $90 billion in financing available for deepwater projects around the world in an ambitious move to boost its oil and gas sector. This was disclosed by the ...

The National Bureau of Statistics (NBS) on Friday said inflation in Nigeria increased by 1.18 per cent in October 2024 to 33.88 per cent from 32.70 per cent in September 2024. The agency disclosed ...

Its outstanding performance in institutional cash management has earned Ecobank Nigeria a Client Excellence Award from Deutsche Bank AG. The Chief Country Representative of Deutsche Bank AG for ...

Nigeria will be seeking to borrow $2.2 billion from external bodies, including a potential Eurobond and Sukuk bond offer, this year. The Minister of Finance and Coordinating Minister of the Economy, ...

Some housing units allotted to beneficiaries by the Lagos State government but have been unoccupied for over two years have been revoked. According to the Commissioner for Housing in the state, Mr ...