Business & Economy - Page 88

By RUKAYAT ADEYEMI (NAN) The Nigerian equity market on Friday (YESTERDAY, nOVEMBER 29) closed the week on a negative note, recording N168 billion loss for investors. Losses in Seplat, Guaranty Trust Holding Company, Oando Plc, among other declined stocks dragged the

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