The Nigeria Deposit Insurance Corporation (NDIC) currently provides full insurance cover for 98.98 percent of Deposit Money Banks’ total deposits.

By Providence Ayanfeoluwa The Sea Empowerment and Research Center, SEREC,has emphasized the importance of a functioning steel industry to an efficient maritime sector in Nigeria. In a report titled, “Nigeria at 65: The Maritime Scorecard We Cannot Ignore”, Head of Research at SEREC, Eugene Nweke, said without a functioning steel industry, Nigeria’s shipyards will remain […]

By Gabriel Ewepu FARMERS under the auspices of the Coalition of Farmers Association of Nigeria, COFAN,  and Himma Youth Farmers Association of Nigeria, HYFAN, yesterday, asserted that the new Presidential Fertilizer Initiative, PFI, will trigger high cost of fertilizers. The National President of COFAN, Dr Abubakar Bamai, said that the move by the government with the […]

By Yinka Kolawole,  with agency report The brief nationwide strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN)  has led to a significant drop in  oil and gas production in Nigeria. According to the Nigerian National Petroleum Company Limited (NNPCL), crude oil output recorded a reduction of about 283,000 barrels per day, […]

Specifically, the market capitalisation, which opened at N90.580 trillion, gained N171 billion or 0.19 per cent to settle at N90.751 trillion.