The Nigerian stock market started the week on a negative note as investors lost N93 billion due to sell-offs in MTN Nigeria, Transnational Corporation (Transcorp), and other declining stocks on Monday, August 5, 2024. The market capitalisation, which opened at N55.497 trillion, shed N93 billion or 0.17 percent to close at N55.404 trillion. The All-Share […]
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Ondo State Governor Lucky Aiyedatiwa has urged youths in the state to tap the hidden wealth in agriculture and improve their well-being. He advised them to take agriculture as a serious business to bolster food production and reduce unemployment. A statement by the Deputy Governor’s spokesperson, John Akinduro, said that the governor advised while speaking […]
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Access Bank Plc has rewarded a lucky customer with a brand-new SUV as part of its star prize rewards in the ongoing 16th Season of the DiamondXtra rewarding scheme. The official car presentation event which took place at the bank’s Head Office in Lagos saw Onyeamechi Uchenna Modestus, an Owerri-based businessman who runs DiamondXtra Account […]
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In an economy where many people have given up on luxury, the current rise in prices of food items is becoming a national embarrassment as households face a life of hunger and starvation, reports Festus Akanbi. It is a sad irony that the reform programme of President Bola Tinubu, which was intended to reposition the […]
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Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has declared that the nation’s economy will hit $1 trillion economy by 2030. He made the declaration on Friday during his presentation on first half-year review of the Bank’s activities in 2024 before the Senate Committee on Banking, Insurance, and Other Financial Institutions. Affirming the […]
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Guaranty Trust Holding Company Plc (GTCO) has announced the opening of its offer for subscription of 9,000,000,000 ordinary shares of 50 kobo each at N44.50 per ordinary share (the Offer). This followed the clearance of the offer prospectus and registration of the offer shares by the Securities and Exchange Commission, Nigeria (SEC Nigeria). GTCO, in […]
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As part of efforts to improve the production of Maize in the country Nigeria will begin massive production of four varieties of maize under the Tela maize project. The country, which joined project in 2019, can now start the massive production of four different varieties of the maize in commercial quantities. This was disclosed by […]
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hail Tinubu, Aiyedatiwa over 1,200 tonnes grain palliatives Ondo State chapter of the Poultry Farmers Association of Nigeria has reduced the price of a crate of eggs from N5,000 to N3,000 from the farms. This was in a statement by the spokesman of Ondo State Deputy Governor, Mr. Paul Akinduro. They said this was due […]
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Ondo state chapter of the Poultry Farmers Association of Nigeria has reduced the price of a crate of eggs from N5,000 to N3,000 from the farms. This was in a statement by the Deputy Governor’s spokesman, Mr John Akinduro. This, according to them, was due to the distribution of 1,200 metric tonnes of grains and […]
Continue ReadingCBN Governor, Yemi Cardoso •Banks may sell over $5bn, says official, Cardoso faces Senate Tuesday over naira fall Amid its fresh moves to stabilize the nation’s volatile exchange rate, the Central Bank of Nigeria has ordered Deposit Money Banks to sell their excess dollar stock latest February 1, 2024. The CBN, which disclosed in a […]
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