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Bullish close on NGX as Financial Services leads Gains
At the just concluded trading week, a total turnover of 1.290 billion shares worth N13.921 billion were traded in 16,745 by investors on the floor of the Exchange, in contrast to a total of 856.289 million shares valued at N10.752 billion…
Nigeria’s Automotive Industry attracts over N500bn investment
The Director-General of the National Automotive Design and Development Council (NADDC), Engr. Jelani Aliyu, says the country's automotive industry attracts no less than Five Hundred Billion Naira (N500,000,000,000).
Engr. Aliyu…
Mining: Federal Government reiterates commitment to attract investment into Nigeria
The Federal Government has reiterated its commitment to attract more investments into Nigeria, to prioritize orderly and efficient development of mining of the seven priority minerals in the mining roadmap.
Minister of State,…
Ex-Senator proffers solutions to Naira devaluation
A former senator and Chairman of the 8th Senate Assembly Committee on Banking, Insurance and other Financial Institutions, Dr. Rafiu Ibrahim, has proferred solutions to the Nigerian Naira devaluation.
Dr. Ibrahim urged the…
Cross River State: Anti-tax Agency reduces illegal taxation by 30%
The Cross River State Anti-Tax Agency has reduced illegal taxation and levies by 30 percent in the last one year.
The Chairman of the agency, Bishop Emmah Isong, during a chat with newsmen in Calabar, the Cross River State…
AfDB approves $116 million for Road Upgrade in Tanzania
The Board of Directors of the African Development Fund has approved a loan of around $116 million for the Tanzanian government to upgrade a 160-km Mnivata-Newala-Masasi road corridor in the southern part of the country.
The Bank’s loan…
Brent Crude hits $77.41 per barrel, highest in 3 years
Brent crude futures rose 0.2% to $77.41 on Friday, its highest since October 2018, and is on course to add around 2.5% for the week, amid global supply concerns following storms in the US that damaged facilities on the Gulf coast.
…
South Africa Airways resumes flights, emerges from bankruptcy
South Africa’s embattled national airline has flown its first plane since March 2020 after emerging from bankruptcy proceedings.
Passengers on the South African Airways (SAA) flight from Johannesburg to Cape Town on Thursday were…
NGX: Marginal gain of 0.1% on Equities Market
The equities market on Thursday had a marginal bearish close as investors late interests in FLOUR MILLS NIG. PLC, (which gained 1.2%) and P Z CUSSONS NIGERIA PLC ( which gained 4.6%) underpinned a +0.1% increase.
At the end of the…
Ethiopia Seeks New IMF Debt Deal
Ethiopia has asked the International Monetary Fund for a new deal, days after France and China co-chaired the first meeting of the nation’s major creditors panel to rework its previous debt.
Setting up a creditors’ panel and an agreement…