Business

Buying a house is one of the biggest decisions you will make in your life. In Nigeria, where the real estate market can be tricky, it is important to be smart and careful when looking for a good deal. This article you are about to read will give you 10 useful tips to help you ensure that you get the …

Nigeria’s equity market ended the week with a gain of N20 billion for investors on Friday. This follows the increase in stock prices such as SOVRENINS, CUSTODIAN, and NAHCO among others on the trading floor today. After five hours of trading in the capital market, equity capitalization increased to N56.92 trillion from N56.90 trillion posted by the exchange on Thursday. …

President Bola Tinubu said on Friday that his administration would make Nigeria a global investment destination. The President, according to a statement issued by his Special Adviser on Media, Ajuri Ngelale, stated this when a delegation from international energy company, ENI, led by its Chief Executive, Claudio Descalzi, visited him in Abuja. Tinubu said his administration was determined to transform …

The Government of Liberia is optimistic about moving national growth to 5.8% by next year. Monrovia, Liberia, July 19, 2024 –The Ministry of Finance and Development Planning is projecting Liberia’s economic growth to accelerate from 5.2% in 2024 to 5.8% in 2025. Acting Minister of Finance and Development Planning, Anthony G. Myers, provides a mid-year update on Liberia’s economy, forecasting …

The Central Bank of Nigeria (CBN) has issued new directives to banks and financial institutions operating in Nigeria on dormant accounts. Under the new directive, the central bank will take over funds in these dormant accounts and invest them in treasury bills and other securities. This is contained in a circular FPR|DIR|PUB|CIR|002|011 issued on Friday by John S. Onojah, Acting …

Nigeria’s equity market recovered from earlier losses on Thursday with investors gaining N262 billion at the close of trade. This follows the increase in share prices such as UCAP, OANDO, and AFRIPRUD among others on the trading floor today. After five hours of trading in the capital market, equity capitalization increased to N56.9 trillion from N56.6 trillion posted by the …

The Nigerian Exchange Limited (NGX) has delisted shares of Niger Insurance Plc and two other companies from its platform for failing to comply with standards. Other companies affected are – Resort Savings and Loans Plc, and RAK Unity Petroleum Plc. NGX Head of Issuer Regulation, Godstime Iwenekhai, confirmed the development in a statement on Thursday. The companies, according to NGX, …

Dangote Industries Limited (DIL) management has refused to back down over claims that International Oil Companies (IOCs) thwarted its efforts to purchase crude oil feedstock for the Dangote refinery. The operator of the 650,000 barrel-per-day refinery insists the IOC is thwarting its efforts to buy crude because prices are too high. The company was reacting to claims by the Nigerian …

Investors in the Nigerian equity market lost N24 billion at the close of trading on Wednesday. This follows the decline in share prices of RT BRISCOE, FTN COCOA, and TANTALIZER, among others, on the trading floor today. After five hours of trading in the capital market, equity capitalization plunged to N56.64 trillion from N56.67 trillion posted by the exchange on …

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