Tinubu promises improvement in power, oil sectors in 2024
President Bola Ahmed Tinubu has pledged to improve the power and oil sectors by 2024. He claimed that the continuing work in…
Business
Vitafoam breaks five-year record with 2023 N52bn revenue
Vitafoam Nigeria Plc has recorded the most money from its operations this year, than in the last five years. The PUNCH reported…
Transcorp Hotel, tech firms record highest returns
Transcorp Hotels Plc provided investors with a higher return on investment in terms of capital gain in 2023 when compared to other…
FDI drops $471m in five years – NBS
Foreign direct investments into Nigeria have decreased by $470.8 million over the last five years. This followed analysis of various National Bureau…
LCCI predicts reduced inflation in 2024
The President of the Lagos Chamber of Commerce and Industry, Gabriel Idahosa, forecasts that the country’s inflation rate will decrease in 2024. The PUNCH…
Stakeholders praise NSC over planned Nasarawa dry port
Maritime players have applauded the Nigerian Shippers Council’s plans to build an inland dry port in Nasarawa State. The PUNCH reported that…
FX market sees 10.94% turnover surge in nov 2023
Spot FX market turnover in November 2023 was $5.17 billion (N4.33 trillion), a 10.94% ($0.51 billion) increase from the turnover reported in…
Non-oil revenue increases 67% to N4tn – CBN
The Central Bank of Nigeria’s third quarter report has revealed that the Federal Government’s non-oil revenue increased by 67% to nearly N4 trillion.…
Six facts about Nigerian Stock Exchange New GMD Temi Popoola
The Nigerian Exchange Group Plc Board of Directors has announced the appointment of Mr. Temi Popoola as GMD/CEO designate, effective January 1,…
Expect further naira depreciation come 2024 – Bloomberg
US-based media firm, Bloomberg has predicted a continuous slide in the Naira in 2024, the currency’s worst performance since 1999. According to…
Nigerian Stock Exchange closes trading for 2023
The Nigerian Stock Exchange has closed trading for the year 2023 with MTN Nigeria and Dangote Cement leading the market gainers with…
Investors purchase Geregu shares for N14bn
40 million shares of Geregu Power Plc, worth at about N14.57 billion, were traded in three trading sessions this December in three…