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Domestic transactions on NGX drop to N535bn

27.02.2025
Total transactions in equity trading on the Nigerian Exchange Limited declined by 9.89 per cent to N607.05bn in January 2025 from N673.66bn recorded in December 2024. In its Domestic & Foreign Portfolio Investment Report on Monday, the decline was driven by a drop in domestic transactions, which fell by 11.71 per cent from N606.91bn in...
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Investors lose N215bn as equity market slumps

27.02.2025
Investors at the Nigerian Exchange Limited lost N215bn at the close of trading on Tuesday as the equities market extended its losing streak. The market capitalisation declined to N67.2tn, while the benchmark All-Share Index shed 345.19 points, representing a 0.32 per cent drop to close at 107,781.78. The downturn was driven by sell-offs in key...
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Alert MFB unveils new smart account

27.02.2025
Alert Microfinance Bank has launched its new Smart Savings Account to empower women and enhance financial inclusion across Nigeria. In a statement made available to our correspondent by the bank on Monday, the Smart Savings Account is tailored to meet the needs of students, entrepreneurs, and retirees. According to the statement, the account offers competitive...
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NGX partners UN on women empowerment

27.02.2025
Nigerian Exchange Group and Central Securities Clearing System are in a collaboration to promote women’s empowerment and are set to host an event on March 7 at NGX Group House, Lagos, to mark International Women’s Day 2025. The event, themed ‘Accelerate Action for All Women: Rights. Equality. Empowerment,’ is part of the global Ring the...
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GDP expands by 3.84%, OPS projects stronger economy

27.02.2025
Nigeria’s Gross Domestic Product grew by 3.84 per cent in real terms in the fourth quarter of 2024, reflecting an improvement from the 3.46 per cent recorded in the same period of 2023. This also marked a slight increase from the previous quarter, which recorded an identical 3.46 per cent growth rate. Economists and members...
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Lagos-Calabar highway: FG signs deal to attract foreign investments

27.02.2025
The Federal Government, through the Ministry of Works, has signed the Engineering, Procurement, Construction, and Finance contract for the Lagos-Calabar Coastal Highway Project with Messrs. Hitech Construction Company Nig. Ltd. This contract allows the contractor, in collaboration with the Federal Ministry of Finance, to secure foreign investment for the project, a statement by the works...
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Transcorp eyes 25% electricity market share

27.02.2025
Transcorp Power Plc has announced plans to increase its share of electricity generation in Nigeria to 25 per cent, up from its current 12 per cent. The company’s Chairman, Mr Emmanuel Nnorom, disclosed this in Abuja on Tuesday during its Annual General Meeting, where he outlined the company’s targets for growth in the nation’s power...
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Nigeria’s W’Bank debt may hit $9.2bn as FG eyes six loans

27.02.2025
The Federal Government is set to secure six new loans totalling $2.23bn from the World Bank in 2025 as the international financial institution continues to support the country’s economic and structural reforms. Data from the World Bank’s official website indicates that this will bring Nigeria’s total approved loans to $9.25bn over three years, reflecting a...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

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Man who asked Tinubu to resign admitted in psychiatric hospital

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The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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