October 15, (THEWILL) - In a dynamic twist of events, First Bank of Nigeria (FBN) Limited received the highest investment inflow into the economy in Q2 2023 with $323.13 million. This represents 18.23 percent of $1.03 billion total capital...
October 08, (THEWILL) - Minister of Innovation, Science and Technology, Chief Uche Nnaji, on Friday said Nigeria must increase production to strengthen the naira and boost the economy.
Nnaji stated this at a press conference on readiness for implementation of...
September 28, (THEWILL) – Continued decline in major banking stocks --- GTCO (-0.72% from N34.75), Access Corporation (-0.32% against N15.55) and FBNH (-0.31% against N14.10) were the drivers of the market's weak performance.
As a result, the ASI's year-to-date (YTD)...
September 26, (THEWILL) – Nigeria naira set a new record on Tuesday, falling to N1,000 against the dollar at the parallel market, on confirmation of Dr Olayemi Cordorso as the new Central Bank of Nigeria (CBN) Governor by the...
August 15, (THEWILL) - The Investors’ and Exporters’ (I&E) window of the forex market recorded a total daily turnover of $1.6 billion between July 15 and August 14, 2023 marking the second month of floating the naira.
The local...
August 10, (THEWILL) - The Naira plummeted to N915/$ on Wednesday, August 9, 2023, exactly two months after President Bola Tinubu suspended the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from office on June 9, 2023.
Checks...
July 26, (THEWILL) - The domestic equities market recorded its first negative performance this week as profit-taking in MTNN (-3.4% against N225.10 share price) drove the benchmark index 0.5% lower to 65,687.16 points against 65,991.02 points on Tuesday.
Market capitalisation...
July 18, (THEWILL) - Lagos residents are bemoaning the second increase in petrol pump price unveiled Tuesday by the Nigerian National Petroleum Company Limited (NNPC Ltd), which caught them unawares.
The NNPC retail outlets on Tuesday increased pump price of...
The Equity market touched the highest peak since 2008 on Friday, hitting N34,3 trillion from N33.7 trillion in the previous trading. The All-Share index advanced by 3.4% w/w to close at 63,040.41 points, pushing the YTD return to +23.0%..
The...
July 06, (THEWILL) -The Naira reversed the gains of Wednesday (N748.31) and depreciated by 2.8 percent to trade N762/63/$ at the I&E window according to FMDQ’s website on Thursday. Market turnover climbed to $89.37 million from $88.68 million the...
The commission issued the clarification on Saturday amid growing controversy surrounding the preliminary voters’ register ahead of the 2027 general elections and calls by some Nigerians for Amupitan to step down over alleged irregularities in the registration process.
