Tuesday, June 16, 2026
FAAC allocation rises 43% to record N15.26trn in 2024
Onome Amuge The Federation Accounts Allocation Committee (FAAC) set a new benchmark for revenue distribution in 2024, disbursing a total...
Read moreDetailsEconomy takes backstage as Tinubu slams emergency rule on Rivers
Suspends Gov Fubara, deputy, assembly for 6-mnths 2025 budget permanently stalled Ben Eguzozie, in Port Harcourt The economy of oil-rich...
Read moreDetailsOil up 1% amid Middle East tensions, China’s economic stimulus
Onome Amuge Oil rose over one percent on Tuesday, hitting its highest levels since the beginning of the month, underpinned...
Read moreDetailsEquities, bonds account for $4trn of developing economies’ new capital
Bamidele Famoofo Equity and bond issuance is increasingly driving revenue growth and expansion in developing economies, accounting for $4 trillion...
Read moreDetailsMyLagosApp: How Lagos seeks to boost investment, grow economy by N4trn annually
Onome Amuge The Lagos State Government, in collaboration with telecommunications giant MTN, recently launched the MyLagosApp, a digital platform designed...
Read moreDetailsGold rallies to new high as trade tensions boost demand
Onome Amuge Gold prices surged to fresh highs on Thursday, supported by soft inflation data in the U.S that fueled...
Read moreDetailsGold steady as US inflation data, tariff concerns loom
Onome Amuge Gold prices remained steady in early Asian trading on Wednesday, with market participants exercising caution ahead of the...
Read moreDetailsEquities fall 0.43% as bearish sentiment wipes out N284bn on NGX
Onome Amuge The Nigerian stock market saw a downtrend on the day as the All-Share Index retreated by 0.43 percent,...
Read moreDetailsNNPCL, Dangote Refinery in talks for Naira-based crude supply deal
Business a.m. The Nigerian National Petroleum Company Limited (NNPCL) has embarked on a fresh round of negotiations with the Dangote...
Read moreDetailsNCDMB secures 20% stake in Port Harcourt Refinery
Onome Amuge The Nigerian Content Development and Monitoring Board (NCDMB) has revealed that it has successfully negotiated a 20 percent...
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