Business

Stock market rebounds as investors gain N9.3trn in 5 days

By Peter Egwuatu The Nigerian stock market recorded a strong rebound closing bullish last week’s trading with investors gaining N9.342 trillion. The Nigerian Exchange Limited, NGX, had recorded a loss of over N1.8 trillion previous week following a wave of selloffs that had hit the market since last week of June, 2026. Breakdown of trading last […]
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FG earns $51.64 million from Onne Port in 40 months

The Federal Government earned about $51.64 million as fees paid by the concessionaire of the Onne Ports in Rivers State between 2006 and April 2009. The Commercial Manager of Intels Nigeria Ltd, Mr Akintoye Akinpelu, disclosed this while receiving the House of Representatives Committee on Privatisation and Commercialization at the Onne Port on Saturday.

NSE trading grounded as system fails

Transaction on the Nigerian Stock Exchange (NSE) was put in abeyance owning to the grounding of a power panel that helps to supply power to the trading machine on the trading floor.

Funds begin to flow to importers and

Donors formally com mitted funds today to the $50 billion Global Trade Liquidity Program (GTLP), triggering the first disbursements to importers and exporters in developing countries to help reverse the decline in trade resulting from the economic crisis.

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