SOLA SOLOMON

The domestic equities market on Wednesday bounced back from previous session losses, as the overall market capitalization added N133 billion on renewed investor interest in Seplat Energy Plc and 20 others. The NGX All-Share Index (ASI)…

Nigeria’s banks through the Standing Deposit Facility (SDF) have deposited N2.13 trillion with the Central Bank of Nigeria (CBN) amid excess liquidity in the financial sector and the removal of the cap on the remunerative policy. An SDF…

The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso said he will refocus the apex bank and discontinue the direct quasi-fiscal interventionist activities through which the bank plundered N10 trillion over the years. Cardoso…

The bullish trend persisted on the equities market of the Nigerian Exchange Limited (NGX) for the third consecutive week, with investors showing interest in largely capitalised stocks; MTN Nigeria Communications (MTN), Seplat Energy, and…

Nigeria’s inflation rate hit 27.33 percent in October 2023 from 26.72 percent in September 2023, according to the latest report by the National Bureau of Statistics (NBS). NBS in its Consumer Price Index (CPI) on Wednesday disclosed that…

The Chief Executive Officer, Niger Delta Power Holding Company Limited (NDPHC), Chiedu Ugbo on Monday disclosed that N190 billion debt, and transmission constraints, among other systematic challenges are affecting the company’s cash flow.…

Borrowings by the Deposit Money Banks (DMBs) from the Central Bank of Nigeria (CBN), known as the Standing Lending Facility (SLF) have declined by 98.4 percent to N57.14 billion in October 2023. It was N3.56 trillion in the preceding month.…

The Pension Fund Administration (PFA) exposure in the equities market, and FGN Bond dropped by N174.5billion in September to N12.23trillion from N12.40trillion. This was disclosed by the National Pension Commission in its September 2023…

The equities' capitalisation of the NGX will drop by N205.002 billion when Courteville Business Solutions Plc and others that have signified interest to delist finally exited the capital market platform. This followed the delistment of …

The banking industry is reaping from the unification of foreign exchange as Zenith Bank Plc, together with four others have generated N2.01 trillion profit before tax in the third quarter (Q3) ended September 30, 2023, an increase of 163…