African Securities Exchanges Association

Why Arumah Oteh is clamouring for the listing of African SMEs

African Exchanges have been urged to encourage the listing at least 44,000 SMEs out of the 44 million SMEs currently operating on the African continent.
NSE, Nigerian stocks, Nigerian stock exchange

Daily update on Treasury Bills, Bonds, Forex, oil price and more

Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as T-bills, bonds, FX rates, inflation, oil price.
Adesola Adeduntan, Managing Director/Chief Executive Officer, FirstBank (centre); flanked by Gbenga Shobo, Deputy Managing Director, FirstBank (third left); Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, FirstBank (second left); Adebayo Olanrewaju, Head, Digital Banking, e-Business, FirstBank (extreme left); Olusegun Alebiosu, Chief Risk Officer, FirstBank (third right); Lola Ekugo, Head, Digital Lab, e-Business, FirstBank (second right) and Chuma Ezirim, Group Head, e-Business Group, FirstBank (extreme right) at the formal launch of the FirstBank Chat Banking on WhatsApp held at the FirstBank Digital Lab, Yaba, Lagos.

How First Bank supports Economic Summit, growing local enterprises

The need to raise Nigeria and Nigerians from poverty to prosperity was the anchor point for economists, captains of industries, key policymakers and corporate...
Aerial Shot of Egbin Power Plant

Sahara Power Group partners with South Sudan for power sector development

In keeping with its vision to 'Light up Africa', Sahara Power Group (SPG) has signed a Memorandum of Understanding (MoU) with the South Sudanese Ministry of Energy & Dams to develop the country’s power sector in the generation, transmission and distribution spaces.

Taxing Nigeria’s fledgling economy: between tax penetration and economic recovery (1)

Nigeria has rolled out another tax amnesty scheme. Backed by Presidential Executive Order No 8 signed on 8 October 2018, Voluntary Offshore Assets Regularization Scheme (VOARS) became the latest effort at combating money laundering and tax evasion.

Nigerian-owned shops reopen in Ghana after weeks of forced shut-down

Nigerian small business owners in Ghana have finally reopened their shops after months of alleged Government-backed shut-downs.  
BUA Cement

BUA Cement offers solution to Nigeria’s building collapse problem

BUA Group has enlightened block and concrete makers on how best to mix cement with other components in order to produce quality blocks.

Nigeria government releases oficial gazette on list of pioneer industries and products

The Nigerian Investment Promotion Commission (NIPC) recently announced the release of an official gazette (the Gazette) of the list of pioneer industries and products.

You will now bear the cost every time you use Remita to pay the...

Nigerians who use Remita to make payments into the TSA would have to bear the costs associated with using the platform. 
May & Baker

Rights Issue: May & Baker seriously woos subscribers, promises 2018 dividend

May & Baker has promised that investors who subscribe to the company's new rights issue will stand to receive dividends of 2018 financial year. 

Taxpayers to display VAT registration certificates at their premises

FIRS notified the general public that it has commenced issuance of VAT certificates.
The Minister of Finance, Zainab Ahmed

What becomes of President Buhari’s economic policies if he loses 2019 election?

As Nigeria’s highly-contested 2019 presidential election gradually approaches, there are strong indications that the electorates may decide to choose someone else (asides the incumbent), to administer the affairs of the country.
Agriculture Fast Track

How farmers can benefit from this $1.5 million agric grant

Stakeholders in the Agric sector now have till November 16th, 2018 to take advantage of grant money (to the tune of $1.5 million) which has been made available by the Agriculture Fast Track Fund, AFTF.
Oby Ezekwesili

Ezekwesili finally speaks on economic plans as presidential bid intensifies

The flagbearer of the Allied Congress Party of Nigeria (ACPN) Dr Oby Ezekwesili, has tabled her plans for revamping the struggling economy.
MTN, Public Investment Corporation

Update: CBN waves white flag at MTN once more

Central Bank Governor, Godwin Emefiele in a brief today revealed that the $8.1billion dividend MTN Group Limited illegally moved abroad may get reviewed.

How Nigeria’s tax revenue rose by N1 trillion

Nigeria's IGR increased by N1 trillion up from N2.9 trillion realised last year.
L-R, Non-Executive Director Dangote Cement Plc, Emmanuel Ikazubor, Chief Executive Officer of The Nigerian Stock Exchange (NSE) Oscar Onyema, Group Managing Director/ Chief Executive Officer Dangote Cement Plc, Engr. Joseph Makoju, Non-Executive Director Dangote Cement Plc, Ernest Ebi, Group Chief Finance Officer Dangote Cement Plc, Brian Egan, at the Dangote Cement Plc Closing Gong Ceremony, Floor of Nigerian Stock Exchange Lagos on 6th June 2018.

Daily update on Treasury Bills, Bonds, Forex, oil price and more

Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as T-bills, bonds, FX rates, inflation, oil price.
World Bank

World Bank cites Nigeria and others as causes of slowed growth in Africa

The World Bank, yesterday, disclosed how slowed economic growth in some key African economies - Nigeria, South Africa, and Angola - is affecting the rest of the continent.

FIRS issues public notice on implementation of the revised 2018 Transfer pricing regulations

Recently, the Federal Inland Revenue Service (FIRS) issued the Income Tax (Transfer Pricing) Regulations, 2018 (the 2018 TP Regulations), which replaced the Income Tax (Transfer Pricing) Regulations, 2012.

Daily update on Treasury Bills, Bonds, Forex, oil price and more

Daily performance of major economic indicators and highlights from tradings sessions and key statistics such as T-bills, bonds, FX rates, inflation, oil price. Seplat Eurobond...

This Nigerian student has invented a bitterleaf machine

There is a new invention in Nigeria- a bitterleaf processing machine.

Here’s why ATCON has issues with CBN’s decision on MTN

The Association of Telecoms Companies of Nigeria (ATCON) has voiced support for their member, while criticising the apex bank's decision. 
MTN Group Limited

The CBN vs MTN logjam could have ripple effects – Analysts

As the conversation continues about the CBN order requiring MTN to repatriate $8.1 billion to Nigeria as well as the sanctions imposed on 4 banks,...

How to make side money from the World Cup

Here is a quick list of things you can engage in during this period of the World cup that will sure get you some cash.
CBN Governor Godwin Emefiele

Growth in Nigeria’s manufacturing sector reduced in May

The Central Bank of Nigeria (CBN) said that the country's manufacturing sector recorded slower growth in May, despite a relatively fair Purchasing Managers Index...
Ahmed Kuru

AMCON hails CBN on new lending policy

The Managing Director of Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has commended the directive of the Central Bank of Nigeria (CBN)...

Julius Berger targets 25% surge in 2018 revenue

Managing Director, Julius Berger Nigeria Plc, Wolfgang Goetsch says the company forecasts a 45 percent jump in 2018 revenue as the country recovers from a...

Century Petroleum confirms reverse merger with Ibeto Group

Century Petroleum has confirmed that it has entered into a binding letter of agreement with Ibeto Cement Company Limited. In the agreement which outlines the proposed...

Peugeot confirms Dangote’s plans to build new assembly plant.

The representative of Peugeot Automobile France in Nigeria, Eric Maydiey, has given reasons why the automobile company granted Dangote Group the franchise to construct and...

Shareholders approve Forte oil restructuring plans

Shareholders of Forte Oil Plc have approved the company's plan to restructure its business operations. At the 39th Annual General Meeting (AGM) in Lagos, shareholders...