CBN: ₦7 Trillion Loans Injected Into Economy In Three Years

The Central Bank of Nigeria (CBN) has injected N7 trillion into the economy as loans in three years, it was learnt yesterday. CBN Deputy Governor, Financial Systems Stability, Mrs. Aishah Ahmad, dropped the hint at the 40th anniversary summit of the Financial Institutions Training Centre (FITC) in Lagos. Significant developments, she said, had brought discussions … Read more

FACT CHECK: Is the cost of transport bonus to poor Nigerians higher than fuel subsidy?

CLAIMPresident Muhammadu Buhari replaces ₦1.8 trillion Fuel Subsidy cost with ₦2.4 trillion for transport bonus. CONCLUSION FALSE. Though there are no open source documents that reflect the exact amount the federal government is spending on fuel subsidy, the highest amount spent on fuel subsidy was mentioned by Minister of Finance, Zainab Ahmed, wherein she said … Read more

The Okoye wives, Anita and Lola, celebrate Thanksgiving together

Lola Omotayo-Okoye and Anita Okoye, wives of Peter and Paul Okoye, spent Thanksgiving together. Thursday, Nov. 25 was Thanksgiving in the US and Lola was pictured celebrating with Anita and her kids. This comes after their husbands reconciled following years of animosity.  DJ Switch also celebrated with them. See photos below.

Chinese investors acquire 120 hectares of land in Akwa Ibom for Hendai city..

A multibillion dollars modern city development project promoted by the Chinese investors , Hendai Investment Limited, is coming to oil rich Akwa Ibom state, it was gathered.The mouth watering project is billed to straddle on the landmass of 120 hectares at Ikot Andem Itam, adjacent to the automobile company, Itu local government area of the … Read more

Maria’s Saga: “Any man who gives side chic balls to make threats to his wife is a fool”— Ubi Franklin

Music executive Ubi Franklin has reacted to the controversy surrounding reality star, Maria and her alleged affair with a married man. On Sunday, the internet broke with a revelation from Cubana Chiefpriest that Maria is allegedly in an affair with his sister’s husband known as Kelvin, who is based in Dubai, United Arab Emirates. READ ALSO: Singer, Jaywon drags Blessing Okoro … Read more

Investors pocket N20.4bn as market cap rises by 0.1%

The equity capitalization at the Nigerian capital market rose by 0.1 percent at the close of trading on Friday. READ ALSO; Bearish run in Nigeria’s market capital persists as investors lose N11bn Consequently, the equity capitalization increased by N20.43 billion from N21.27 trillion to N21.29 trillion at the close of the day’s business. The All … Read more

Price Of Beans To Crash In 2022, OFAB Assures Nigerians

The Open Forum on Agricultural Biotechnology in Nigeria (OFAB) has assured Nigerians that by the 2022 farming season, the prices of food crops, especially beans, will crash. Speaking during the OFAB Day celebration in Abuja, OFAB Nigeria Country Coordinator, Dr Rose Gidado, said in July, 32 farmers were given the seedlings of the newly commercialized BT Cowpea in the FCT … Read more

One step forward, three steps backward for Naira against U.S dollar at official market

Just when it looked like the Nigerian currency was reclaiming some momentum against the US dollar, on Wednesday, it reversed direction for another bad day. READ ALSO; Ronaldo’s Man Utd Seek Response, Chelsea Look To Lukaku In Spurs Clash Data from FMDQ securities shows that at the Investors and Exporters (I&E) window of the foreign … Read more

NSE: Market cap down by 0.25% as investors lose N51.03bn

Investors at the Nigerian capital market lost N51.03 billion at the close of trading on Monday. This followed a 0.25 percent crash in the market capitalization at the close of the day’s business. READ ALSO; Insecurity: 34 Killed, Seven Injured In Fresh Kaduna Attack The market capitalization slipped from N20.299 trillion posted last Friday to … Read more

Naira collapses to all-time low against U.S dollar

The value of the Nigerian currency is opening the week at an all-time low at the official market against the U.S dollar. READ ALSO; Independence Day: At 61, Nigeria should be competing with developed countries — Wike Data from the FMDQ securities exchange window where forex is officially traded, showed that naira closed at N414.90 … Read more

Dangote Cement makes Wotzup stocks-to-watch list, alongside Stanbic IBTC, SCOA Nigeria, Pharmdeko

This week’s stocks to watch list includes Stanbic IBTC, Dangote Cement, Pharmdeko, and SCOA Nigeria, as the companies prepare to release their Q3 2021 financials. However, that is not the only reason some of them made the stocks to watch list, as other factors includes new financial investment and stock market-related activity. READ ALSO; Court … Read more

NSE: Pharmdeko, Sovereign Trust among top gainers as investors pocket N45.9bn

Investors at the Nigerian capital market pocketed N45.9 billion following a 0.22 percent rise in equity capitalization at the close of trading on Friday. The equity capitalization rose by N45.9 billion to close at N20.253 trillion from N20.299 trillion posted the previous day. Similarly, the All-Share Index was up by 88.15 basis points to settle … Read more

Dangote Cement board of directors to meet over Q3 financials

Dangote Cement board of directors are to meet after the company’s market stock bubble burst, costing shareholders of the firm N78.38 billion in one month. In its filing to the Nigerian Exchange Group on Friday, it was gathered that the board meeting will hold next month, October 31, 2021, with one of the discussion expected … Read more

Reports say GIGM and GIGL are going crypto. What this means

Africa’s leading mobility and logistics companies (GIG Mobility and GIG Logistics) are reportedly reviewing their payment options to include digital currency. Pointers to this development emerged last week necessitating discrete inquiries into what analysts consider both an innovative and potentially disruptive drive to improve customer experience at the forward-looking companies. READ ALSO; Recognise The Taliban? … Read more