Paul Onehi The Nigeria Inter-Bank Settlement System (NIBSS) has released its latest report, highlighting a substantial increase in instant payment transactions. In 2024, the total transaction value skyrocketed to N1.07 quadrillion, representing a remarkable 78% growth from N600.36 trillion in 2023. According to NIBSS data, December 2024 recorded the highest[Read More…]
Business
Dangiwa Predicts N2.25tn Boom for Nigeria’s Real Estate Sector by 2025
By Paul Onehi Nigeria’s Real Estate Industry Set to Skyrocket to N2.25tn by 2025, According to Minister of Housing and Urban Development Ahmed Dangiwa. The exciting news which emerged from the Minister of Housing and Urban Development, Ahmed Dangiwa, regarding Nigeria’s real estate industry is expected to reach a whopping[Read More…]
LASG fostering An All friendly Environment Through Targeted Policies – Trade and Investment Commissioner
During a panel session at the recently held Art of Technology 6.0 organised by the Lagos State Ministry of Innovation, Science and Technology recently, the Honourable Commissioner for Commerce, Cooperatives, Trade, and Investment, Mrs Folashade Ambrose-Medebem, reaffirmed Lagos State’s commitment to becoming the hub of Artificial Intelligence (AI) innovation in[Read More…]
Maritime Workers Commend Oyetola, Dantsoho For Uncommon Commitment To Employees Welfare
The Honourable Minister of Marine & Blue Economy, Alh. Gboyega Oyetola and the Managing Director, Nigerian Ports Authority, Dr. Abu Dantsoho, have received the commendation of the Senior Staff Association of Statutory Corporation and Government Owned Companies (SSASCGOC) and the Maritime Workers Association of Nigeria (MWUN). In a letter signed[Read More…]
ZENITH BANK OFFICIALLY COMMENCES OPERATIONS IN FRANCE; DANGOTE LAUDS BANK’S OPENING IN PARIS AS NATIONAL PRIDE
Africa’s richest man, Aliko Dangote, has praised the Wednesday ‘s N0vember 27th grand opening of Zenith Bank in Paris, France, as a symbol of national pride to Nigeria. His words, “This bank that you have opened here is not only for you but for all of us as Nigerians,” one[Read More…]
Dangote resumes US crude purchase after three months
The Dangote Petroleum Refinery has recommenced the purchase of crude oil from the United States in its ongoing efforts to ramp up oil production and enhance its refining capacity. The new purchase comes after a three-month hiatus in purchasing crude from foreign countries, focusing instead on domestic supply. A report[Read More…]
UNILEVER and WAPCO shine as All-Share Index gains 0.23%; PZ, TIP weigh on activity
The Nigerian All-Share Index (ASI) ended the trading session on Tuesday, November 19th, with a bullish stride, climbing 225.06 points to close the day in positive territory. This notable uptick pushed the index 0.23% higher to settle at 97,972.33 points, up from the previous day’s close of 97,747.27 points. However,[Read More…]
FirstBank hosts inaugural China-Africa interbank forum
FirstBank has announced its hosting of the first-ever China-Africa Interbank Association Forum to strengthen economic ties and investments between China and Africa. In a statement made available to newsmenrecentlyin Lagos, the forum, themed ‘Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialisation, and Economic Diversification,’ will take place later[Read More…]
Equity market sustains growth, gains N136bn
Trading on the floor of Nigerian Exchange on Tuesday remained positive, appreciating by N136 billion, occasioned by gains in some highly capitalised stocks.Food and travel guides Market capitalisation of listed equities increased by 0.23 per cent to N59.366 trillion from N59.230 trillion it closed on Monday. The NGX All Share[Read More…]
NGX ASI Appreciates By 0.23%
Trading of equities has again ended on a bullish note with the benchmark index advancing by 0.23%. Tuesday’s transactions on the floor of the Nigerian Exchange Limited, NGX, saw the All-Share Index rise by 225.06 basis points or 0.23% from 97,747.27 basis points to 97,972.33 basis points. Similarly, the market[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]