During this week, investors on the Nigerian Exchange Ltd. (NGX) engaged in trading 2.606 billion shares, accumulating a total value of ₦63.785 billion across 77,593 transactions. In comparison, the previous week saw the exchange of 2.645 billion shares valued at ₦77.005 billion through 86,110 deals, indicating a week-on-week decline of 20.7 per cent in transaction…
Vice-President Kashim Shettima says the difficult but very crucial decisions taken by President Bola Tinubu are targeted at engineering an economy that works for all Nigerians. Shettima said this on Wednesday during the 15th Mechanical Engineering Distinguished Lecture (MEDL), held at the Shehu Yar’Adua Centre, Abuja. The Vice-President also said that Tinubu’s administration is taking…
Vice-President Kashim Shettima, on Wednesday in Abuja said that 2025 represents a critical moment of interface between Nigeria and Brazil. Shettima said this during an inter ministerial review meeting to coordinate Nigeria’s preparations for the upcoming 2025 Nigeria-Brazil Strategic Dialogue Mechanism (SDM) scheduled for June 2025. He emphasised that the convergence of international events provides…
MTN Nigeria and the Chartered Institute of Taxation of Nigeria (CITN) have canvassed urgent tax reforms to boost national development. They made the call on Wednesday in Abuja at the ongoing 27th annual Tax Conference of CITN. Both organisations highlighted the importance of public-private collaboration in fostering fiscal transparency and sustainable national development. The four-day…
The Organisation of the Petroleum Exporting Countries (OPEC) announced on Wednesday that it will maintain its previous forecasts for global oil demand growth in 2025 and 2026. In its monthly oil market report, OPEC projected a year-on-year increase of 1.3 million barrels per day (bpd) in both 2025 and 2026, unchanged from last month’s estimates….
The Presidency says Nigeria attracts over 8 billion Dollar (about N12.8 trillion) investments in deepwater projects and gas Final Investment Decisions (FIDs) in one year. Olu Verheijen, Special Adviser on Energy to President Bola Tinubu disclosed this on Wednesday, at the 2025 Africa CEO Forum holding in Abidjan, Côte d’Ivoire. A statement on the address…
The Federal Capital Territory Administration (FCTA) has inaugurated the FCT Lottery Regulatory Commission and called on lottery and gaming operators to submit applications for licenses to operate in the territory. Director-General of the Commission, Mr Lanre Gbajabiamila, disclosed this during a news conference on Wednesday in Abuja. Gbajabiamila said that the establishment of the commission…
The Central Bank of Nigeria (CBN), in collaboration with the Nigeria Inter-Bank Settlement System (NIBSS) on Tuesday officially inaugurated the Non-Resident Bank Verification Number (NRBVN) platform in Abuja. According to the apex bank, this innovative digital gateway allows Nigerians in the diaspora to obtain a BVN remotely without the need for a physical presence in…
Oando Plc, the indigenous firm that acquired Nigeria Agip Oil Company, says it has recorded four operational oil spills from October 2024 to date. The oil firm disclosed this in a statement made available to the News Agency of Nigeria (NAN) by Oando’s Spokesperson Mrs Alero Balogun, General Manager, Human Resources & Business Support ,…
Vice-President Kashim Shettima has said that Nigeria is harmonising its laws to make cross-border commerce more seamless, secure, and scalable. Shettima said this on Monday while inaugurating the oversight committee for the Fourth African Union (AU) Micro, Small, and Medium Enterprises (MSME) Forum, in Abuja. The News Agency of Nigeria (NAN) reports that President Bola…
