CBN Building, National Collateral Registry,Micro Small and Medium Businesses, Loan, Entrepreneur, Central Bank of Nigeria

CBN now requires commercial banks to pledge ₦1 billion each for OTC

The Central Bank of Nigeria (CBN) has directed all Deposit Money Banks in the country to commit to a  ₦1 billion collateral each in order...
CBN Governor

New Currency Futures Rates point to possible weakening of the naira

For the first time since April 2017, Naira Settled FX currency futures open interest surpassed the 4,000 contracts mark on May 28th, 2018, after...

Deal: Standard Bank pays N61 billion to Mahtani Brothers for additional stake in Stanbic...

Standard Bank Group the parent company of Stanbic IBTC has announced a further acquisition of 1,141,191,943 of its Nigerian Subsidiary. This represents an 11.35% jump in...

FirstBank CEO, Adeduntan joins global influencers and experts at the 2018 Financial Times Nigeria...

In furtherance of its thought leadership positioning, First Bank of Nigeria Limited is participating in the Financial Times Nigeria Summit and Cambridge Business in...
Jumia Travel

Jumia launches state-of-the-art experience centre, making online shopping accessible to all.

Shopping can be a chore. However, it becomes easy when you have a personal shopper who can help you navigate the puzzle of purchasing...

Nigerian Fintech Startup, Piggybank.ng, secures $1.1M Seed Funding

Nigeria’s Piggybank.ng, an online and mobile app savings platform targeted at African Millennials, today announces that it has closed on Seed Funding of $1.1M, from...
Daily Stock market report, Nigerian Stock market

Bellwether stocks close in red as stocks continue bearish run

Market breadth advances to 0.96x The NSEASI-1.08% closed in the red, despite a fleeting stay in positive territories today. ...

Before and after: 10 metrics that has defined Buharinomics

The Buhari years are almost over, well, that’s if he does not win a re-election come 2018, which we won’t bet against. Since taking the...
Aliko Dangote,

No holiday for these billionaires

While a large percentage of the country was either off work or at a place of leisure, two of Nigeria’s richest men where hard...
nigeria-mtn-group

Alert: Download MTN Ghana IPO Prospectus (Offer opens May 29)

MTN has released its IPO Prospectus for Ghana. According to details of the Public Offer presented to the Ghanaian investor community, MTN reveals that...

George Soros explains why devaluation is on the cards for emerging markets like Nigeria

Billionaire Investor George Soros has said that the strong dollar and the termination of the Iran Nuclear deal by the United States, is a...

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...
Mr. Godwin Emefiele,

CBN vows to sanction banks that sell dollar above N360

The Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, has warned banks against selling dollars to eligible travelers above the stipulated price...
Theophilus Danjuma

May and Baker plans to raise capital, while paying dividends

May & Baker Plc wants to increase its share capital to ₦3 billion, even as it plans to proceed with a proposed dividend payment of ₦196 million to...
Daily Stock market report, Nigerian Stock market

Daily Market Summary: May blues continue as stocks declined yet again

Market breadth closes at 0.28x The bourse resumed on a sombre note as the NSEASI-0.75% remained in negative territories, closing at...

Market-Economic Insight (Monday, 21 May – Friday, 25 May 2018)

The performance of the Nigerian Equity Market was bearish last week with the index (NSE ASI) down by 2.84% WTD to close at an...

Saudi Arabia is about to take a decision that could hit Nigeria’s oil revenue.

Saudi Arabia’s moves to lower oil prices could have a negative effect on Nigeria’s budget and economy. The Middle Eastern oil giant seems to...

LSETF partners Jobberman, others to empower unemployed youths in communities.

The Lagos State Employment Trust Fund (LSETF) in partnership with Jobberman and ATC (one of Nigeria's leading independent owner, operator, and developer of wireless...
Mutual funds

Understanding mutual fund cutoff time

I have read some complaints and observations from some mutual fund investors on forums like Nairaland about their mutual fund trading orders either not...

This is the fastest growing fund manager in Nigeria

Fund managers in Nigeria grew mutual fund asset value by an average of 89.71% in 2017, according to research conducted by Quantitative Financial Analytics....

There is a scramble for Sovereign Trust Insurance shares and its driving their share...

Sovereign Trust Insurance was the biggest gainer on the Nigerian Stock Exchange (NSE) two weeks ago. The stock opened at N0.20 and closed at...

Stocks to watch this week 28th May 2018

The Nigerian Stock Exchange (NSE) has been bearish in the last three weeks and this week may not be an exception. Trading will take...
Mr. Godwin Emefiele,

CBN issues new forex circular to banks and BDCs

The Central Bank of Nigeria (CBN) has directed all commercial banks in the country to sell foreign exchange across the counter. Acting spokesman for...

The Buhari Presidency has released its 3 year score card

As the President Muhammadu Buhari administration marks its third year in office on Tuesday this week, it has given a sneak peak into its...

Naspers to invest $89 million in Frontier Car Group.

Internet giant Naspers, recently announced it was investing $89 million in the C stage funding round for Frontier Car Group. Frontier is an online...

These stocks made good money for investors last week

This week was another bearish one on the Nigerian Stock Exchange (NSE) as the All Share Index depreciated by 2.84% to close the week...

Petrol imports hit 4 year high in March 2018

Data from the National Bureau of Statistics (NBS) report on Petroleum Products Importation and Consumption for the first quarter ended March 2018, shows the...
Daily Stock market report, Nigerian Stock market

Market Summary: Bad week but this stock gained 21%

Weekly market breadth negative at 0.23x The NSEASI-2.84% closed underwater at the end of the week, following the selling pressures witnessed...

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...

CowryWise is hiring, see if you qualify

Fintech firm Cowrywise appears to be expanding its operations, as the company has released an advert for hiring. The company made this known through...

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shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme

List of successful applicants for TEF 2019 announced

See the complete list of the shortlisted applicants for the 2019 Tony Elumelu Entrepreneurship Programme.
Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc appoints new managing director

Cadbury Nigeria Plc today announced the appointment of Mrs. Oyeyimika Adeboye as Managing Director, effective 1st April 2019. Mrs. Adeboye takes over from Mr. Amir...
Businesses in Nigeria | Make money from a single product

How to make $1bn from a single product in Nigeria

Nigerian businesses owned by foreign nationals have thrived. Here's a look at how they did it.