Tag: #Finance
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NICA URGES NIGERIAN BUSINESSES TO BUILD CREDIT-READY CULTURE
The National Institute of Credit Administration (NICA) has urged Nigerian businesses to become more credit-ready and creditworthy to improve their access to funding in the emerging liberal economy. NICA Registrar and CEO, Prof. Chris Onalo, said credit was increasingly becoming a key driver of business growth, with access to funding depending more on a company’s…
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NGX SEEKS STRONGER PARTNERSHIP WITH HONG KONG EXCHANGE
The Nigerian Exchange Group (NGX Group) has called for stronger institutional cooperation with Hong Kong Exchanges and Clearing (HKEX) to deepen capital market linkages and investment flows between Africa and Asia. NGX Group Chairman, Dr Umaru Kwairanga, made the call after meeting HKEX officials in Hong Kong. He described the Hong Kong exchange as a…
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FG APPROVES PAYMENTS TO OVER 1,240 LOCAL CONTRACTORS NATIONWIDE
The Federal Government has approved payments to more than 1,240 local contractors across the country. According to the Ministry of Finance, the payments followed a verification and reconciliation process to ensure that only valid and confirmed obligations were settled across Ministries, Departments and Agencies (MDAs). The ministry says the funds are expected to provide relief…
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TINUBU TAKES REFORMS GLOBAL: PRESIDENT PITCHES NIGERIA TO INVESTORS IN PARIS
President Bola Ahmed Tinubu has taken Nigeria’s economic reform drive to Paris, assuring top investors that his policies are built on stability, transparency, and long-term growth. At a high-level meeting with global firms like Citibank and Amundi, Tinubu said recent reforms are aimed at fixing structural issues and delivering real benefits for Nigerians. Finance Minister…
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CBN TARGETS LOWER PRICES: NEW PLAN TO TAME INFLATION TAKES SHAPE
Nigeria’s apex bank says it’s doubling down on a smarter, more transparent strategy to bring inflation under control. The Central Bank of Nigeria has reaffirmed its push toward a full inflation-targeting monetary policy, aimed at delivering long-term price stability and boosting investor confidence. Speaking at a policy session in Abuja, CBN Deputy Governor, Muhammad Abdullahi,…
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NGX RALLIES: INVESTORS POCKET N1.77TRN IN SHORT TRADING WEEK
Despite fewer trading days, the stock market surged — delivering big gains and renewed investor confidence. Nigeria’s stock market wrapped up the week on a strong note, with the Nigerian Exchange Ltd. (NGX) posting a 1.39% rise in both the All-Share Index and market capitalisation. The benchmark index climbed to 201,156.86 points, while total market…
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NGX MARKET CAP HITS N127TRN AS INVESTORS GAIN N924BN IN A WEEK
Stocks close the week on a strong note as investors rake in massive gains on the Nigerian bourse. Nigeria’s stock market ended the week on a positive note as the All-Share Index of the Nigerian Exchange Group (NGX) rose by 0.73%, pushing market capitalisation to N127.361 trillion. The benchmark index climbed to 198,407.30 points, up…
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FG WATCHING MIDDLE EAST TENSIONS, MOVES TO SHIELD NIGERIA’S ECONOMY
Nigeria’s Federal Government says it is closely monitoring the escalating geopolitical tensions in the Middle East involving the United States, Israel and Iran, while working to safeguard the country’s economic stability. The update followed a meeting of the Economic Management Team (EMT) chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale…
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NIGERIAN STOCK MARKET BOUNCES BACK WITH N285 BILLION GAIN ON FRIDAY
The Nigerian stock market ended a four-day losing streak on a high note Friday, adding N285 billion to investors’ portfolios. Renewed interest in key stocks like Julius Berger, Learn Africa, Cornerstone Insurance, Aso Savings, and Ikeja Hotel boosted market sentiment and pushed the All-Share Index up by 449.80 points to close at 154,126.46. The market…
