Fakoyejo Olalekan

Equity Investors Earn N68.76 billion, As Stock Market Recovers

Investors made N68.76 billion on Wednesday, 22 February 2023, after the Nigerian stock market grew by 0.23 per cent. The gain raised the market capitalisation up to N29.58 trillion from N29.51 trillion. Similarly, the All-Share Index appreciated by 126.22 basis points, rising

February 22, 2023

Tax Reform Bill: No Region Will Be Shortchanged, Shehu Sani Tells Northerners

Business

Old Naira Notes: Shehu Sani, Other Nigerians React To Supreme Court Decision

Reactions have began to trail the decision of the Supreme Court to adjourn the final judgement on the deadline of the old Naira notes. Prime Business Africa reported on Wednesday, 22 February 2023, that after hearing arguments from the states and the Federal

February 22, 2023

Nigeria's Treasury Bills Surpass N6.6trn In 2023 Amid Economic Headwinds

Business

Breaking: Supreme Court Sets March 3 For Final Judgement On CBN’s Naira Redesign Policy

The final Supreme Court judgement on the Naira redesign policy of the Central Bank of Nigeria (CBN) will be delivered on Friday, 3 March 2023. The Supreme Court, led by seven justices, revealed this on Wednesday, 22 February 2023, after they insisted

February 22, 2023

Business

Updated: We Refuse To Be Used As Scapegoat, Supreme Court Says On Old Naira Notes Case

The Supreme Court has stated that it doesn’t want to be used as a scapegoat due to the old Naira notes case brought before it by Kaduna, Kogi and Zamfara, and seven other state Governments. During the hearing on Wednesday morning, 22

February 22, 2023

Pan-Nigerian Aggregation, Not Peter Obi, Defeated Tinubu In Lagos

Business·FEATURES·Insights·Oil & Gas·Top Stories

How Peter Obi, Atiku Or Tinubu Presidential Win Will Affect Fuel Price

With the 2023 Presidential election just three days away, Nigerians should brace up for a significant hike in Premium Motor Spirit (PMS), also known as fuel, if Peter Obi, Bola Tinubu or Atiku Abubakar emerged as the winner. Fuel price as a

February 22, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business·Markets

Stock Market Crashes Amid Political Tension Ahead Presidential Election

As the Presidential election nears, the Nigerian stock market halted Monday’s gain, losing N19.08 billion on Tuesday, 21 February 2023, amid heightened political tension. The loss dragged the market capitalisation down to N29.51 trillion, from N29.53 trillion, indicating jittery among investors. Also, the

February 21, 2023

CBN Asked To Disburse N250 billion To Cushion Subsidy Removal

Business

CBN Begins Door-to-door Delivery Of New Naira Notes After Ganduje Threat

The distribution of the new Naira notes has taken a new turn as the Central Bank of Nigeria (CBN) delivers the cash door-to-door in Kano State. CBN representatives in Kibiya, Rano, and Tundun Wada local government areas in Kano State went to

February 21, 2023

Fuel, Bread, Others Push Nigeria's Inflation Rate To 22.41%, NBS CPI Report Shows

Business

NBS: IMF Tackles Nigeria’s ‘Outdated’ Inflation Rate Data

The monthly consumer price index (CPI) of the National Bureau of Statistics (NBS) has come under criticism from the International Monetary Fund (IMF). In a report titled; Nigeria: 2022 Article IV Consultation’, the IMF said the NBS is using the 2003/2004 National

February 21, 2023

Railway Revenue Drops By N1.31 billion Within Three Months

Business

Naira Scarcity: Railway Managers Demand Cash, Reject Electronic Payment

The management of the Nigerian Railway Corporation (NRC) has stated that its operational policy is against digital transactions, as passengers face Naira scarcity. It was gathered that the railway corporation is turning down passengers who prefer to use electronic channels to pay

February 21, 2023

Business

N13 billion Debt: Court Says GTBank Violates Order, Tries To Undermine Proceedings

After trying to gain access to one of Stallion Nigeria Limited’s properties in Victoria Island, Lagos, the Federal High Court has ruled that Guaranty Trust (GT) Bank violated court judgements. Two weeks ago, GTBank took possession of Stallion’s assets through its appointed

February 21, 2023

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Fakoyejo Olalekan

Equity Investors Earn N68.76 billion, As Stock Market Recovers

Old Naira Notes: Shehu Sani, Other Nigerians React To Supreme Court Decision

Breaking: Supreme Court Sets March 3 For Final Judgement On CBN’s Naira Redesign Policy

Updated: We Refuse To Be Used As Scapegoat, Supreme Court Says On Old Naira Notes Case

How Peter Obi, Atiku Or Tinubu Presidential Win Will Affect Fuel Price

Stock Market Crashes Amid Political Tension Ahead Presidential Election

CBN Begins Door-to-door Delivery Of New Naira Notes After Ganduje Threat

NBS: IMF Tackles Nigeria’s ‘Outdated’ Inflation Rate Data

Naira Scarcity: Railway Managers Demand Cash, Reject Electronic Payment

N13 billion Debt: Court Says GTBank Violates Order, Tries To Undermine Proceedings

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