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Market rebounds by 0.24% on marginal gains

By Udeme Ekwere Trading activities on the Nigerian Stock Exchange improved on Thursday, as transactions closed positive to end a plethora of losses. Specifically, the market capitalisation of the listed equities rose by N17bn or 0.24 per cent from N7.145tn on Wednesday to N7.162tn. Similarly, the NSE’s All-Share Index increased […]

FG needs N60tn to address housing deficit – Minister

By Ifeanyi Onuba, Abuja At a conservative average cost of N3.5m per unit, the Federal Government currently needs a whopping N60tn to tackle the country’s 17 million housing units’ deficit. The Minister of Lands, Housing and Urban Development, Ms. Ama Pepple, gave the figure in Abuja at a stakeholders’ roundtable […]

Standard Bank may buy Nigerian retail bank

By Omobolaji Solagbade with agency report Standard Bank Group Limited has said it may consider buying a retail bank in Nigeria to boost growth on the continent. The Deputy Chief Executive Officer of the bank, Mr. Sim Tshabalala, said in Johannesburg, “In Nigeria, we’re in corporate and investment banking but […]