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Stock Market Declines, Lose N56Bn As 27 Equities Record Loss

Equity investors in the Nigerian Exchange Limited lost N55.78bn at the close of market on Tuesday. 27 firms recorded losses. The NGX All-Share Index fell by 0.27% to 39,219.61 basis points from 39,326.67bps on Monday while the market capitalisation fell to N20.43trn

September 1, 2021

Insights·Top Stories

MOGHALU: Low Education Budget Dangerous For Nigeria’s Economy

FORMER Deputy Governor of the Central Bank of Nigeria (CBN), Professor Kingsley Moghalu has called for reforms in Nigeria’s education system as prerequisite for effective funding. He described education as panacea for tackling poverty and surest path to development. Moghalu, who disclosed

September 1, 2021

Finance & Economy·Top Stories

CBN Directs Banks To Publish Names, BVN Of Forex Defaulters

THE Central Bank of Nigeria (CBN) has directed all banks to publish names of customers who disobey the rules on acquisition of forex on their websites. The directive was given in a circular (BSD/DIR/PUB/LAB/14/059) dated August 30. The apex bank said it

August 31, 2021

Technology·Top Stories

FG To Establish Six Technology Innovation Centres

THE Federal Government says it plans to establish six technology and innovation hubs across the six geo-political zones of the country to commercialise and convert research findings into Nigerian products that can compete globally. This is contained in statement by the Chief

August 31, 2021

Finance & Economy·Top Stories

FG To Present 2022 Budget In October

President Muhammadu Buhari may present the 2022 Appropriation Bill to a joint session of the National Assembly in October. The Minister of Finance, Budget and National Planning, Zainab Ahmed, hinted this in Abuja during a briefing organised to give insight into the

August 31, 2021

Naira Ends Week With Marginal Gain Against Dollar

Currency·Finance & Economy·Top Stories

Naira Plunges To All-time Low Of 527 To Dollar

The decline of naira continued on Monday, as the Nigerian legal tender slid to an all-time low of 527 against the dollar at the parallel market. On Friday, the local currency, which has been on a nosediving trend in recent weeks, fell

August 31, 2021

News·Top Stories

Stop Plea Bargain, Former Taraba Commissioner Tells EFCC

A former Attorney General and Commissioner of Justice in Taraba State, Alhaji Ibrahim El-Sudi, has asked the Economic and Financial Crimes Commission (EFCC) to stop its plea bargain policy. El-Sudi, who is also the Chairman of All Progressive Congress in the state,

August 31, 2021

Finance & Economy·Top Stories

CBN Sets Transaction Limit For E-naira

THE Central Bank of Nigeria (CBN) has set an initial limit of N50,000 for non-account holders in the transaction guidelines released for e-naira project. The apex bank had on Monday announced the formal engagement of Butt Inc., as the technical partner for

August 31, 2021

News·Top Stories

Amid Calls For His Impeachment, Lalong Vows To Bring Perpetrators Of Plateau Killings To Book

THE Plateau State Governor, Simon Lalong, says the perpetrators of attacks in the state will not go unpunished. The governor made the vow when he visited Yelwa Zangam community in Jos North LGA. Plateau has recorded a number of attacks over the

August 31, 2021

Finance & Economy·Top Stories

Nigerians Of Value In Troubled Economy

ALTHOUGH it’s slowly getting back on track, going by official figures in the last three months, Nigeria’s economy has been in bad shape since 2015 as oil prices continue to fall. The continuous price dip, accounting for 70% of Federal Government’s revenue during

August 31, 2021

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Editor

Stock Market Declines, Lose N56Bn As 27 Equities Record Loss

MOGHALU: Low Education Budget Dangerous For Nigeria’s Economy

CBN Directs Banks To Publish Names, BVN Of Forex Defaulters

FG To Establish Six Technology Innovation Centres

FG To Present 2022 Budget In October

Naira Plunges To All-time Low Of 527 To Dollar

Stop Plea Bargain, Former Taraba Commissioner Tells EFCC

CBN Sets Transaction Limit For E-naira

Amid Calls For His Impeachment, Lalong Vows To Bring Perpetrators Of Plateau Killings To Book

Nigerians Of Value In Troubled Economy

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