Economy

Police arraign 3 men over alleged N1.9m theft in Lagos

The police on Monday arraigned three men, Aliyu Isah, Eze Chibuzor and Yusuf Ismaila, before an Ojo Magistrates’ Court in…

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FG adds 208MW transmission capacity to boost industries in Lagos

The Federal Government has added 208 megawatts (MW) to bulk electricity transmission capacity in Lagos with the inauguration of upgraded…

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Stock market reverses gains, investors lose N103bn

Investors on the Nigerian Exchange Ltd. (NGX) lost N103 billion on Friday as profit-taking in major stocks ended the market’s…

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Equities market loses N1.23trn as profit-taking persists

The equities market extended its bearish trend on Friday, shedding N1.226 trillion as investors recorded losses in major stocks. Market…

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Cardoso hosts British int’l investment, reaffirms commitment to financial sector reform

  Kadiri Abdulrahman The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, on Wednesday, hosted a delegation…

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Weak regulation, macroeconomic risks threaten bank recapitalisation, experts warn

Financial and economic experts have cautioned that weak regulation and macroeconomic instability could derail the success of current recapitalisation push…

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CBN removes cash deposit limits, raises weekly withdrawal threshold

 The Central Bank of Nigeria (CBN) has removed cash deposit limits and also increased the weekly cash withdrawal limit from…

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Strong FX inflows, tighter controls driving Naira stability, says CBN

The Central Bank of Nigeria (CBN) says recent foreign exchange (FX) stability is driven by increasing FX inflows, tighter market…

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Lawmaker distributes foodstuffs to 2,000 households in Zamfara 

 Rep. Kabiru Maipalace (PDP -Zamfara) has commenced the distribution of foodstuffs to 2,000 households in Gusau and Tsafe Local Government…

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Presidency inaugurates project to empower 200,000 grassroots women nationwide

 The Office of the Vice-President has inaugurated ‘Advancing Sustainable Heritage and Autonomy’ (ASHA), a project aimed at empowering 200,000 women…

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