Fakoyejo Olalekan

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Stock Roundup: Over N15.26 billion Nigerian Stocks Traded On Loses In Vitafoam, Ellah Lakes

Investors exchanged 914.443 million shares worth N15.263 billion in 18,021 deals this week, surpassing last week’s 823.005 million shares traded in 17,482 deals, worth N12.228 billion. Top three sectors The Financial Services Industry led the top three sectors by measure of volume,

August 27, 2022

Business

3.54% GDP: Telecoms, 5 Other Sectors Save Nigerian Economy From Crashing, As Oil Industry Shrinks Again

Telecommunication, Trade, and other non-oil sectors came to the rescue of Nigeria’s economy, as the oil sector contract in size in the second quarter (Q2) of 2022, extending its depreciation from the first quarter (Q1) of this year. In the first quarter,

August 26, 2022

Business·World News

US Hits Back On China, Suspends 26 China-bound Flights

The United States has retaliated against the Chinese government by suspending four Chinese carriers from embarking on 26 China-bound flights from the United States. The suspension affected Xiamen, Air China, China Southern Airlines, as well as China Eastern Airlines. US said the

August 26, 2022

Business

Abdulsamad Rabiu’s Son Resigns From BUA Foods’ Board, To Retain His N35.1 million Investment

BUA Foods executive director, Isyaku Rabiu, has quit his position on the company’s board, almost a month after Saratu Umar left the firm. Rabiu resigned from the board over regulatory requirements. Not more than two family members are expected on a publicly

August 26, 2022

Business

CBN’s Godwin Emefiele Unveils New USSD Code For eNaira 10 Months After Launch

The Central Bank of Nigeria (CBN) has revealed *997# as the Unstructured Supplementary Service Data (USSD) code for the eNaira. The apex bank said the new code will increase the possibilities of the naira. Recall that the Nigerian financial regulator had launched

August 26, 2022

Business

Air Peace Increases Baggage Fee To N1,000, Set New Luggage Allowance Weight

Air Peace, a Nigerian airline, has reviewed its baggage policy amid rising cost of operation, as the company seek to increase revenue from other earning sources aside from the flight ticket sales. In a statement released on Thursday, Air Peace stated that

August 26, 2022

Four NCAA Top Officials Arrested By EFCC Over N2 billion Fraud

Business·News·Top Stories

NCAA Tackles Flight Ticket Sale In Dollars, To Review Airline Charges

The Director-General of the Nigerian Civil Aviation Authority (NCAA), Captain Musa Nuhu, has denied reports that foreign airlines are no longer receiving Naira from their customers for flight ticket within the country. Nuhu said if such action were to be made by

August 26, 2022

Business·Markets

Nigerian Stock Investors Make N532.15 billion, As Equity Market Rises 2.02%

Nigerian stock market capitalisation increased by N532.15 billion, after the equity market’s share value rose 2.02% on Thursday. As a result, the market capitalisation went from N26.25 trillion to N26.78 trillion at the close of trading. The growth was driven by the

August 25, 2022

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Five Reasons NNPC Lost $1.06 billion Oil Revenue In One Month

The Nigerian National Petroleum Company (NNPC) Limited lost $1.068 billion oil revenue in one month as the corporation struggles to curb crude oil loss, preventing the firm from remitting into the federal account. NNPC’s loss was as a result of the 9.4

August 25, 2022

Business·Finance & Economy·News

4 Reasons Buhari Depends On Loans – Nigeria’s Debt Office

The Debt Management Office (DMO) said petrol subsidy is reducing Nigeria’s revenue and increasing Nigeria’s debt, which rose from N39.56 trillion recorded at the end of December 2021, to N41.6 trillion at the end of first quarter 2022. Nigeria’s debt – the

August 25, 2022

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Fakoyejo Olalekan

Stock Roundup: Over N15.26 billion Nigerian Stocks Traded On Loses In Vitafoam, Ellah Lakes

3.54% GDP: Telecoms, 5 Other Sectors Save Nigerian Economy From Crashing, As Oil Industry Shrinks Again

US Hits Back On China, Suspends 26 China-bound Flights

Abdulsamad Rabiu’s Son Resigns From BUA Foods’ Board, To Retain His N35.1 million Investment

CBN’s Godwin Emefiele Unveils New USSD Code For eNaira 10 Months After Launch

Air Peace Increases Baggage Fee To N1,000, Set New Luggage Allowance Weight

NCAA Tackles Flight Ticket Sale In Dollars, To Review Airline Charges

Nigerian Stock Investors Make N532.15 billion, As Equity Market Rises 2.02%

Five Reasons NNPC Lost $1.06 billion Oil Revenue In One Month

4 Reasons Buhari Depends On Loans – Nigeria’s Debt Office

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