NAMA Seeks Exemption Of Aviation Agencies From Treasury Single Account
NAMA has added its voice to the growing call by aviation agencies seeking exemption from the Treasury Single Account (TSA).
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Transcorp Hotels Records 62% Profit Growth In Impressive Q3 Financials
Transcorp Hotels PLC has released its financial performance for the third quarter of 2023, which indicated a robust year-on-year growth across all benchmarks to the tune of 31.76 per cent.
Nigerian Govt Expects Injection Of $10bn Within Weeks To Ease FX Crisis
The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has disclosed that the country is expecting an inflow of $10bn in Foreign Exchange in the coming weeks. He stated this in his speech on Monday during a panel session
VFG Group, McNichols Among Top Losers As Capitalization Dips By N22bn
Equities at the Nigerian Exchange Limited (NGX) kicked off yesterday with a twist as market capitalization dipped by N22 billion, with a slump in the shares of VFG Group and 20 other stocks creating waves of uncertainty among investors. The All-Share Index
OPEC Canvasses $14trn Investment To Meet Soaring Global Oil Demand
OPEC Secretary General, Haitham Al Ghais, has made an urgent call for a $14 trillion investment between 2023 and 2045 in a plea to address the escalating global thirst for oil and energy demands.
Nigerian Govt Approves $3.45bn ‘Empowerment Loans’ For Power, Others
The Nigerian government during the Federal Executive Council (FEC) meeting on Monday granted approval for a series of ’empowerment loans’ totaling $3.45 billion. These funds are earmarked for projects spanning the power sector, renewable energy, states’ resource mobilization programs, initiatives focused on
Lagos, Rivers, FCT Lead As States Generate N1.93tn – NBS
Lagos, Rivers, and the Federal Capital Territory (FCT) emerged as the frontrunners in state-generated revenue, with a collective total of N1.93 trillion in 2022. Data released by the National Bureau of Statistics (NBS) on Monday revealed that the nation’s states saw their
Inflation Surges To 27.54% In October, Naira Depreciates, Stock Market Fluctuates Amid Economic Uncertainty
Nigeria’s inflation rate is projected to surge by 83 basis points year-on-year to reach 27.54% in October, marking a 1.9% increase when compared to the previous month’s figure of 26.72%. Analysts from Cordros Capital Research shed light on the factors contributing to
Petrol Price Jumped To N626.21 In September – NBS
NBS) on Saturday disclosed that the average retail price of a litre of premium motor spirit (otherwise called petrol) increased from N191.65 in September 2022 to N626.21 in September 2023.
ACTN Tasks Nigerian Govt On Tackling Widening Naira-Dollar Disparity
The Association of Corporate Treasurers of Nigeria (ACTN) has voiced their concern about the ongoing depreciation of the Naira against the dollar.
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