The stock market of the Nigerian Exchange Limited (NGX) opened the week's trading on a bearish note, dropped by N288.9 billion as profit-taking activities in Dangote Sugar Refinery Plc, and 29 others undermined market performance.
As Dangote Sugar Refinery led the losers table, dropping 10 per cent or N5.90 per share to N53.10 per share, the market, the overall market capitalisation depreciated by N288.9 billion to  N58.88 trillion from N59.169 trillion the stock market opened for trading................................................................. ........................... .. . .,.. ............ ........ ..................... ... .. ...... ..  .... . ........... .......... ............. . ..... . ... ........................Read-More

Financial sector's credit to the economy grew  Month-on-Month (MoM) by two percent to N114.7 trillion in February 2024 from N112.4 trillion in January 2024.
A breakdown of the Money and Credit Statistics report published by the Central Bank of Nigeria, CBN, yesterday show that banks' credit to the private sector increased MoM by six percent to N80.8 trillion in February from  N76.2 trillion in January.................................................................... ........................... .. . .,.. ............ ........ ..................... ... .. ...... ..  .... . ........... .......... ............. . ..... . ... ........................Read-More

The Financial Reporting Council of Nigeria has unveiled a roadmap for the adoption of the Sustainability Financial Reporting Standards in Nigeria.
With the launch, which was held at the Nigeran Exchange Limited headquarters in Lagos, Nigeria became the first country in Africa to adopt a roadmap for the adoption of the standards.  . ... .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More

A transformative collaboration aimed at broadening access to remittances across Africa has been forged among Coronation Group, Access Holdings Plc, Safaricom Plc and M-PESA Africa have come together in a strategic alliance dedicated to propelling financial inclusion and nurturing economic prosperity for millions across the continent.
The parties aim to explore solutions that will provide a remittance corridor between East and West Africa, connecting some of the continent's largest economies........ .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More

The Nigerian Copyright Commission (NCC) has filed criminal charges against MTN Nigeria Communications Limited and four others over alleged copyright infringement.
The charge with Number FHC/ABJ/CR/111/2024 filed in the Federal High Court, Abuja Division was obtained by the News Agency of Nigeria (NAN) yesterday.
The four other defendants in the case are Karl Toriola, the Chief Executive Officer of MTN Nigeria,  Nkeakam Abhulimen, Fun Mobile Limited and Yahaya Maibe......... .......... .......................,........................................................ .... ...... . ......... . .................. . ............................... ....:,..... ... ........... .. ........  . ......... .., ... .. .,....... .. ...... . ..... . ... ........................Read-More