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The Nigerian Exchange Group Limited NGX started the week bearish as investors lost N448 billion on market capitalisation on Monday. The loss came as a result of a drop in the share price of BUA Cement and 27 other stocks. Monday's…

The Minister of Power, Adebayo Adelabu has apologised for the collapse of the national grid and promised compensation for residents of the 19 northern states affected by the power outage. The Minister made the apology on Monday while…

The Enugu Electricity Distribution Company (EEDC) has urged its customers to upgrade their prepaid meters before November 24, 2024, due to the upcoming Token Identifier rollover. This exercise affects all Standard Transfer Specification…

The Senate Committee on Banking, Insurance and other Financial Institutions has urged the Nigeria Deposit Insurance Corporation to get the maximum value from the assets of the failed Heritage Bank to settle its stakeholders. The call was…

In a bid to tackle inflation and ensure food security, the Federal Government of Nigeria is intensifying efforts to increase food production in the country. A statement Signed by the Director, Information and Public Relations, Ministry…

Nigerians have been urged to promote peaceful coexistence in order to address the current challenges affecting the socio-economic development of the country. This call was made by the Director Finance and Administration at the…

The IMF Fiscal Monitor Report 2024 released on Thursday has highlighted projections that Nigeria’s debt-to-GDP ratio, currently at 50.7 percent, is expected to drop to 49.6 percent by 2025. It noted that the country’s public debt…

The International Monetary Fund has said that Nigeria allocates the majority of its revenue to debt servicing, leaving limited funds for critical development projects, calling for more effective revenue mobilisation strategies to…

Nigeria's Central Bank Governor, Olayemi Cardoso, has said Nigeria is considering launching a diaspora bond in the United States as part of its strategy to achieve monthly remittance inflows of $1bn. The CBN chief disclosed this on the…

The Nigeria National Petroleum Company Limited, NNPC, has confirmed the helicopter crash in Akwa Ibom State, which was engaged by the company and which took off from Port Harcourt NAF Base in neighbouring Rivers State. NNPCL, in a…