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The Nigerian stock market closed the week with a record of bearish because investors lost N14 billion on Friday. This follows a decrease in stock prices such as Deapcap, Royal Exchange, and Sovereign Trust Insurance among others on the trading floor. After five hours of trading in the capital market, the capitalization of equity fell to ₦ 65.7 trillion from …

Investors at the Nigerian equity market obtained N377 billion at the close of trade on Thursday. This follows the surge in stock prices such as Caverton, Neimeth and VFDgroup among others on the trading floor. After five hours of trading in the capital market, the capitalization of equity increased to ₦ 65.8 trillion from ₦ 65.4 trillion posted by the …

Dangote Refinery has told marketers and customers about the lower review of the cost of loading Ex-Gantry to N865 per liter. The new price is a reduction in N15 from the N880 per liter sold by facilities on Wednesday and almost 24 hours after the Federal Executive Council (FEC) ordered the continuation of the Naira-For-Crude agreement between the refinery and …

Former President Nigerian Bar Association (NBA), Dr. Olisa Agbakoba (SAN), has asked the President of Bola Tinubu to decentralize power and carry out major reforms in all critical sectors to unlock more than ₦ 500 trillion in economic value in 2026. Agbakoba called during the Press Briefing in Lagos on Wednesday, where he launched the company’s economic policy and views …

Here are the 10 top stories that become headlines throughout the country today. 1. The Nigerian government directs the full implementation of Naira-For-Crude policies The Federal Executive Council has directed the full implementation of the Naira-For-Crude agreement suspended by local petroleum distillation in new encouragement to strengthen Nigerian energy and reduce dependence on foreign exchange. Read more 2. The US-Chinese …

The Nigerian currency, Naira, depreciated the US dollar on the black market on Wednesday, April 9, 2025. This is even because there is no official tariff from the foreign exchange data of the Nigeria Central Bank (CBN) a few hours after the market is closed. In the black market, Naira descended to N1.620/$ 1 compared to the previous day level …

Here are the 10 top stories that become headlines throughout the country today. 1. Gov Zulum urged the increase in military support because of Borno’s struggle with the threat of a new Boko Haram The Governor of Borno State, Babagana Zulum, has increased alarm over the new surge in the attack and kidnapping of Boko Haram, warning that the frequency …

Sentiment bearish returned to the Nigerian equity market because investors lost N119 billion on the trading floor of the Nigeria Group Xchange (NGX) on Wednesday, April 9, 2025. This follows the surge in stock prices such as Learnafrca, HMCall, and Eti among others on the trading floor. After five hours of trading in the capital market, the capitalization of equity …

The ongoing tariff war between the United States and China has increased, sending global crude oil prices falling six percent on Wednesday, April 9, 2025. US President Donald Trump on Wednesday, April 9, 2025, confirmed a 104 percent tariff for Chinese imports while in Tit-For-Tat, China slamming 84 percent on US items which will be valid on April 10, 2025. …

Among the crisis that shook the Siminaayi Fubara administration that had become a budget presentation, financial allocations that encourage government spending in one fiscal year. Budget presentations are prepared by the executive and presented to the legislature to debate before being signed into law. However, in the last two years, the presentation cycle has not been smooth, especially with accompanying …