Business & Economy - Page 31

Trading on the Nigerian Exchange Ltd. (NGX) closed negatively on Monday – yesterday, February 17 – with investors losing N72.51 billion. The market capitalisation, which opened at N67.418 trillion, fell by 0.10% to close at N67.345 trillion. Similarly, the NGX All-Share Index

Small business owners in the Federal Capital Territory (FCT), say they are struggling to survive amid skyrocketing costs of electricity tariff, transportation and telecommunications. In separate interviews with the News Agency of Nigeria (NAN) on Sunday – earlier today, February 16

The National Association of Road Transport Owners (NARTO), has expressed fear over the Federal Government’s plan to ban 60,000 litres capacity tankers, following the rising cases of accidents involving fuel tankers. NARTO President, Yusuf Othman in an interview with the News

Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, to use his good offices to, without further delay, “withdraw the patently unlawful, unfair, unreasonable and unjust increase in Automated Teller

The House of Representatives has absolved itself from the bribery allegations levelled against some of its members by the Head of Financial Crime Compliance of Binance, Tigran Gambaryan, according to a statement issued on Saturday – yesterday, February 15 – in Abuja,

Federal government has directed all Ministries, Departments, and Agencies (MDAs) operating in states to close their accounts with commercial banks and fully comply with the Treasury Single Account (TSA) policy. The directive was issued by Dr. Oluwatoyin Madein, accountant-general of the Federation,

Nigerian billionaire investor Tony Elumelu’s foundation has signed a $6 million agreement with the UAE’s Office of Development Affairs and the Khalifa Bin Zayed Al Nahyan Foundation. The agreement, finalized at the World Government Summit in UAE, aims to

The Senate has passed the 2025 budget with a total figure of N54, 990, 165, 355, 306 trillion naira. This followed the adoption of the report of the Senate Committee on Appropriation on the 2025 Appropriation Bill during plenary on Thursday

International rating agency Fitch Ratings has indicated that Nigerian banks are on track to meet the March 2026 recapitalisation deadline set by the Central Bank of Nigeria. This was disclosed in a non-rating commentary issued by the firm on

The Central Bank of Nigeria (CBN) has threatened to sanction banks that force customers to withdraw less than N20,000 per transaction from Automated Teller Machines (ATMs) even when they have sufficient funds and wish to withdraw a higher amount. This