ECONOMY

SEC clamps down on firms dealing in illegal foreign investments - Capital market regulator Securities and Exchange Commission (SEC) yesterday warned willing investors against patronising unregistered online investment and trading platforms,...

E-Tranzact loses N1.9b amid digital boost - Nigeria’s premier financial technology company, E-Tranzact International Plc witnessed a decline in the top-line and suffered a net loss of N1.89 billion in 2020...

Naira Drops N1.20 to Trade N410.50/$1 at I&E - The value of the Naira lost N1.20 or 0.29 per cent against the US Dollar at the Investors and Exporters (I&E) segment...

Financial Stocks Contribute 71.51% to NSE Weekly Trading Volume - A total of 1.5 billion shares worth N19.0 billion were traded in 17,400 deals by investors at the Nigerian Stock Exchange...

Nigeria’s public debts hit N32.92tr - The National Bureau of Statistics (NBS) yesterday said states and federal debts were N32.92 trillion as at December 2020. Its data entitled: “Nigerian Domestic and...

Nigeria sets N50m capital base for commodities’ collateral firms - Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has set a minimum capital base of N50 million for any...

Lagos Free Zone eyes $5b investment - The Lagos Free Zone (LFZ), which has an investment of $2 billion, is poised to attract an additional $5 billion over the next four...

CBN disburses N1.487tr to boost food security - The Central Bank of Nigeria (CBN) has disbursed N1.487 trillion under its various agricultural programmes to boost food security. Its Governor, Mr Godwin...

Oil Plunges 5% as Lockdown in Europe Weakens Market - The international benchmark crude oil, Brent crude, dropped almost 6 per cent, precisely 5.93 per cent on Tuesday to trade at...

CBN: MPC Members Vote to Hold Interest Rate at 11.5% - The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, on Tuesday announced that the benchmark interest rate...