The Markets Online

In response to the ongoing controversy surrounding the removal of fuel subsidy and the subsequent increase in the price of petrol, the Federal Government of Nigeria is contemplating an adjustment to the national minimum wage to align with the prevailing economic conditions in the country. The Nigeria Labour Congress (NLC) has threatened to commence a...

In a dramatic turn of events at the Presidential Election Petition Court (PEPC) in Abuja, Mr Peter Obi, the Labour Party (LP) candidate who claimed that the 2023 presidential election was rigged, presented 136 additional exhibits on Friday to bolster his allegations. Justice Haruna Tsammani, leading a five-member panel, admitted the exhibits as evidence. These...

In a show of solidarity, Governor Seyi Makinde of Oyo State, former Governor Nyesom Wike of Rivers State, and former Governor James Ibori of Delta State gathered at the Presidential Villa in Abuja yesterday to lend their support to President Bola Tinubu regarding the removal of petroleum subsidy. The trio arrived at the State...

Fiducia, an advanced digital Supply Chain Financing (SCF) marketplace, has been launched to tackle the persistent issue of limited credit access for Nigeria's Micro, Small, and Medium Enterprises (MSMEs). The estimated financing gap for these businesses stands at a staggering N617.3 billion annually. Fiducia serves as a comprehensive solution and marketplace that brings together...

In an upcoming quarterfinal match at the U-20 World Cup, South Korea's Under-20 national team is set to face the Flying Eagles of Nigeria. Kim Eun-joong, the head coach of the South Korean team, has commended the level of preparedness displayed by Nigeria and expressed his team's determination to meticulously prepare for the upcoming...

In a commendable move, the Nigerian government has bestowed upon Mohammed Bello Koko, the Managing Director/CEO of the Nigerian Ports Authority (NPA), the prestigious National Productivity Order of Merit (NPOM) Award. This recognition is in appreciation of Koko's remarkable efforts in revitalizing the NPA, resulting in enhanced trade facilitation, increased revenue generation, and an...

In the week that concluded on Friday, June 2, the Nigerian Exchange Limited (NGX) experienced a remarkable upswing as the All-Share Index (ASI) and equities Market Capitalization registered a significant increase of 5.37 percent. The ASI closed at 55,820.50 points, while the market capitalization reached an impressive N30.395 trillion. Throughout the trading week, all other...