Business & Economy - Page 100

By MIKE ABBAH The Federal Government has raised over N346.155 billion at its November 2024 bond auction, reflecting higher allotments despite a reduction in the amount offered. The auction, conducted by the Debt Management Office (DMO) on November 18, 2024, featured reopenings

By MIKE ABBAH GT Bank’s retail customers’ deposits hit N3.85 trillion in 2023, representing 54.4% of the bank’s total customer deposits within the year. However, despite making up 54.4% of the bank’s total customers’ deposits, retail customers accessed only N188 billion in

By MIKE ABBAH NUPRC data has disputed NNPC’s 1.8 million bpd claim, revealing actual production of 1.538 million bpd in October. The latest data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Nigeria’s daily crude oil production has contradicted the

By MIKE ABBAH The sum of N1.66 billion has been discovered to have been spent by the Federal Ministry of Transportation in 2021 without adherence to standard procedures and due processes, under former Transportation Minister, Rotimi Amaechi. This formed part of

The Dangote Refinery on Sunday announced reductions in the price of petrol. The petrol, which was sold at N990 per litre, has now been reduced to N970 per litre for marketers lifting the products from its refinery. Anthony Chiejina, Dangote Group

The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank that challenges delaying access to guaranteed sums above N5 million are being resolved. Mr. Bello Hassan, Managing Director, NDIC, gave the reassurance on Saturday during the 2024 edition

A long list of blue-chip corporate organisations in the public sector and the Organised Private Sector (OPS) have pitched tent with the Business Journal Annual Lecture 2024 coming up on Tuesday, November 26, 2024 at the Event Centre, Nigerian Exchange Group (NGX) Building, 2-4,

The domestic bourse extended its bearish trend on Friday (yesterday, November 22), closing the week with a N99 billion loss. Selloffs in Tier-one banking stocks, including Zenith Bank, FBN Holdings, United Bank for Africa (UBA), Access Corporation, and Fidelity Bank, along

The Central Bank of Nigeria (CBN) has advised members of the public to be cautious of SWIFT Messages on foreign exchange remittances to their Nigerian bank accounts. The Acting Director, Corporate Communications Department of the apex bank, Hakama Sidi-Ali, gave the