Nigeria’s Mobile Phone Penetration Hits 84 Per Cent

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NSE Market Capitalisation Loses N83bn Despite Corporate Actions

Activities on the Nigerian Stock Exchange (NSE) closed in red on Wednesday with a loss of 0.54 per cent in spite of dividends declared by Zenith Bank and GT Bank. Zenith International Bank and GT [...]



The Naira, Wednesday, appreciated further marginally by 2 kobo to N360.25 per dollar in the Investors and Exporters (I&E) window of the Foreign Exchange Market. Data from the Financial Market [...]


Nigeria’s Debt Rises by N9.61tn under Buhari

Under President Muhammadu Buhari, Nigeria has grown its debt portfolio by N9.61Tn, statistics available from the Debt Management Office have shown. According to the DMO, Nigeria’s debt stood at [...]


Nigeria’s Oil Reserves Drop by 961 Million Barrels

Contrary to the Federal Government’s target of increasing crude Oil reserves, the country recorded a decline of 961.47 Million barrels in four years on the back of low investment in exploration [...]


Nigeria Earns N3.8trn from Crude Oil, Gas export in 3 Months

Nigeria earned N3.738 Trillion from the export of crude Oil and petroleum products in three months, from October to December 2017, according to latest data released by the National Bureau of [...]


UNGC aims to make MSMEs Attractive to Banks

The United Nations Global Compact has developed a toolkit for Micro, Small and Medium-scale Enterprises in Nigeria as part of efforts to tackle the challenge of corruption faced by the MSMEs. The [...]


‘High Interest Rates Hurting Small Businesses’

The prevailing interest rate charged by Banks is hurting small businesses in the country and should be reviewed downwards to enhance growth and economic stability, Sokoto State Governor Aminu [...]


CBAN Tasks Banks on Changing Lending Model for Inclusive Growth

The Credit Bureau Association of Nigeria (CBAN) has stated that for Nigeria to grow and sustain an all-inclusive economy, Banks must change their lending model, saying that 80 per cent of [...]


FPI Domination of Nigeria’s Foreign Capital Inflows Risky – FSDH

FSDH Group has raised the alarm over the current dominance of the country’s foreign capital inflow mix by Foreign Portfolio Investments, otherwise called ‘hot money’ owing to its very volatile [...]

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