ASSETS & FINANCIALS

The Nigerian stock market lost N12.58bn last week as investors took profits in oil and gas, banking and consumer goods stocks. The All-Share Index of the Nigerian Exchange Limited dropped by 0.06 per cent to close the week at 42,014.50 …

Insurance companies in the country have launched an investigation into the collapsed 21-storey building in Lagos State in order to ascertain if it is adequately covered and whether the victims’ families are entitled to any form of compensation. Nearly a …

MTN Nigeria Communications Plc has said it is set to proceed with a public offer for the sale of 575 million shares. In a statement, the company said Its parent company, MTN Group, is set to proceed with this sale …

Nigeria’s external reserves rose by $5.05bn in October, the latest data from the Central Bank of Nigeria showed on Wednesday. The reserves increased from $36.78bn on September 30 to $41.83bn as of October 29. The Deputy Governor, Financial Systems Stability …

The Central Bank of Nigeria and the Securities and Exchange Commission have sanctioned five major banks for committing over 20 various infractions, including the violation of foreign exchange market and anti-money laundering regulations. The banks are Guaranty Trust Holding Company …

First Bank of Nigeria Limited has announced the launch of its fully automated branch, called the FirstBank Digital Experience Centre. It disclosed this in a statement on Tuesday titled ‘FirstBank unveils a fully automated self-service branch, strengthens digital transformation in …

The Central Bank of Nigeria has said its newly launched e-Naira project is secure and dependable. The Director of Corporate Communications, Mr Osita Nwanisobi, stated this while speaking at the ongoing CBN-Fair in Abakaliki on Thursday. According to the apex …

The World Bank has said it disagrees with the Central Bank of Nigeria on how it is going about to achieve its price stabilisation objective. The Country Director for Nigeria, World Bank, Shubham Chaudhuri, said this in an interview with …

The Central Bank of Nigeria says it will not bear any liability for any interruption, loss of revenue or loss of services arising from the use of the eNaira website. This is just as the eNaira speed wallet disappeared from …

The National Pension Commission says it has recovered N19.29bn monthly pensions deducted by employers from employees’ monthly emoluments but not remitted to the Retirement Savings Accounts with their respective Pension Fund Administrators. Figures obtained from PenCom’s quarterly report on Tuesday …

The President of the African Development Bank Group, Dr. Akinwumi Adesina, says the lack of stable electricity in Nigeria is killing industries in the country, adding that based on an International Monetary Fund report, about $29bn is lost annually due …

The Central Bank of Nigeria has said that all transactions conducted on the newly launched digital currency platform, eNaira will be free for 90 days. The bank, however, stated that it will revert to its guide on applicable charges by …

Shareholders and analysts in the Nigerian capital market have projected a rise in the share price of FBN Holdings Plc as the tussle for controlling interest by the major investors in the company looks set to heighten. FBN Holdings, in …

The World Bank has released a new report revealing a list of Nigerian companies and individuals involved in corrupt practices and fraud, Amarachi Orjiude and Sami Olatunji report The World Bank has blacklisted 18 Nigerian individuals and firms for engaging …

By Hadassah-Esther Osimen Your priorities are very important. They are the things that matter to you in life. The things that you want to achieve, what to be remembered for, want to enjoy, etc. Your priorities are not someone else’s …

By Hadassah-Esther Osimen Everyone can make money. When you lack money, it can be incapacitating. Begin with a mantra ‘No Excuses’. To realize that their are no excuses for lacking money is a useful mindset  that can help you continue …

About 11,000 housing units are being constructed across the country by the Federal Government, the Minister of Works and Housing, Babatunde Fashola, has said. He said this on Thursday at the 10th meeting of the National Council of Lands, Housing …

The House of Representatives, on Thursday, threatened that it will ask the Central Bank of Nigeria to take over the ownership of Heritage Bank of Nigeria for owing the Federal Government more money than its entire share capital. The threat …

Elon Musk, the world’s richest person is estimated to have a net worth of $242 billion, according to the Bloomberg Billionaires Index. Although he is already the world’s richest person, he could also become the first member of the four-comma …

The Central Bank of Nigeria has said it will support youths in tertiary institutions with grants to promote entrepreneurship and reduce unemployment. The CBN disclosed this on Wednesday in a report, titled ‘Guidelines for the implementation of tertiary institutions entrepreneurship …