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Business and economic news from Nigeria and around the world.

Femi Otedola, #10YearsChallenge

Femi Otedola joins the #10yearchallenge

Femi Otedola has joined the #10yearschallenge. The challenge involves social media users post a picture of 10 year before and now.
Big Brother Naija sponsor

Bet9ja replaces Payporte as Big Brother Naija sponsor

Nigerian sports-betting company, Bet9ja, has been announced as headline sponsor of the forthcoming season of the "Big Brother Naija" reality tv show. Bet9ja is taking...
Electricity Distribution

NERC sets out key plans for 2019

NERC has highlighted some of the key regulatory initiatives which it hopes will position the electricity market for growth.
Nigerian Stock Exchange demutualisation bill

Demutualisation bill signed, set to be implemented soon

The NSE demutualisation bill, which would transform the Nigerian Stock Exchange into a typical company, has finally been signed into law.
GENCOS, Electricity, Power plant

Gencos threaten to shut down power plants

Power plants in Nigeria will be shut-down if the Federal Government doesn't address the challenges.
Femi Otedola to purchase forte oil assets

Femi Otedola considering purchase of assets from Forte Oil

Forte Oil Plc, in a notice sent to the Nigerian Stock Exchange, has announced its intentions to hold an Extra Ordinary General Meeting (EGM)...
Oscar Onyema

NSE plans to reduce listing requirements

NSE has opted to reduce the burden of compliance on listed firm.
Value Added Tax modification order for power sector

Insufficient power supply remains the greatest business constraint in Nigeria

The survey which was carried out with a sample size of 1,050 businesses comprising of small, medium and large organisations.
NSE's Oscar Onyema gives projections for 2019 while reviewing 2018

NSE’s Oscar Onyema gives projections for 2019 while reviewing 2018

The CEO the NSE, Oscar Onyema, yesterday projected that uncertainty in crude prices and Nigeria's elections will define investors' sentiments in early 2019.
Crude Oil, Nigeria's crude oil sale in Q3 2018

Nigeria records the highest crude oil sale in Q3 2018

Nigeria has recorded an increase in the exportation of crude oil from January to September 2018, which is worth about N11.49 trillion.
CMB economic outlook for 2019, Nigerian Pension Fund, Non-Performing Loans, Inflation, Unemployment, CBN, Naira

Banks to experience low interest income in 2019

CMB was founded in 1993 as Associated Discount House Limited.
Access Bank USSD code, Access Bank expansion

Access Bank to expand to 3 African countries this year

Access Bank plans to embark on a continental expansion.

CBN is set to launch its revised national financial inclusion strategy

The CBN, will on Thursday and Friday this week, meet with stakeholders for the launch of key policy documents in financial inclusion.
41 items forex restriction, Anchor Borrowers’ Programme

Banks to lose interest on petrol subsidy-induced loans

CBN has asked Deposit Money Banks to forgo the interest charged on petrol subsidy-induced loans.
C&I Leasing Plc, Nigerian Stock Exchange, NSE, Suspension

NSE lifts suspension on C&I Leasing shares

The full suspension placed on trading in shares of C&I Leasing have been lifted after completion of its shares consolidation exercise.
Wapic Insurance, Ombudsman, complaint

Wapic Insurance launches ombudsman

An ombudsman desk has been established by Wapic Insurance Plc. in a bid to improve customers' experience pertaining to insurance. During the inauguration in Lagos...
DAAR Awards 2019

DAAR Communication Plc recognises key industry players at her 3rd DAAR Awards

DAAR Communications Plc, an independent privately-owned broadcasting organization in Nigeria sets to recognize notable Nigerians who have pioneered excellence in their various industries for...
Diamond Bank, Access Bank, Consolidation, Merger

Access/Diamond merger: No plans to close any branch

Access Bank and Diamond Bank, yesterday, gave an update in its merger plans.
Access Bank USSD code, Access Bank expansion

NSE opens in the green as Access Bank tops volume chart

The Nigerian Stock Exchange closed today’s trading session on a positive note, bouncing back from last week. The All Share Index closed at 29,964.79...
Nigeria SME

Nigerian SMEs sector to receive N12 billion boost

In a bid to bridge the gap for financing in the Small and Medium Enterprises (SMEs) sector, the Afrinvest West Africa has partnered Syntaxis Capital Africa. The partnership...
Free float deficient companies

These companies’ shares are below listing standard according to NSE

The NSE disclosed over the weekend that eighteen companies' shares are below listing standard due to deficiency in their free floats.
NSE glitch, Nigerian stock exchange - nairametrics

NSE extends trading hours after 4 hour glitch

The Nigerian Stock Exchange (NSE) today encountered a technical glitch which impacted trading activities for about four hours. The bourse disclosed this in a notice...
Meyer Plc reacts to publications about FIRS' shut down of its premises

Meyer Plc reacts to publications about FIRS’ shut down of its premises

Meyer Plc has issued a statement in response to last week's media publications about the shut down of its factory by the Federal Inland Revenue Service. .
New Minimum Wage: What is expected of Bismarck Rewane's Committee

New Minimum Wage: What is expected of Bismarck Rewane’s Committee

Minister of Budget and National Planning, Senator Udoma Udo Udoma has tasked the Technical Committee on the Implementation of a new Minimum Wage inaugurated last Wednesday...
Godwin-emefiele - - Monetary Policy: CBN set to unfold 2019 plans

Monetary Policy: CBN set to unfold 2019 plans

Governor Godwin Emefiele of the Central Bank of Nigeria (CBN), will next week, unveil the apex bank's monetary policy direction for the year 2019....
Dangote's Fluid catalytic cracking equipment - Dangote refinery

Dangote Refinery begins installation of a major refinery equipment

The Fluid Catalytic Cracking equipment for Dangote Oil Refinery Company Limited has arrived Lagos and ready for installation. 
Teleology, 9mobile IoT service, 9mobile crisis,

NCC steps into 9mobile’s ongoing tussle

NCC has intervened in the current crisis at 9mobile.
First Bank MD's thoughts on the Access/Diamond Merger

First Bank MD’s thoughts on the Access/Diamond Merger

Managing Director/CEO of First Bank of Nigeria Adesola Adeduntan sees the merger plans between Access Bank and Diamond Bank Plc as a welcome development. The...
VFD mulls banking license, seeks to raise additional capital

VFD Group’s capital raise oversubscribed

VFD Group has raised the sum of  N2.78 billion has from a rights issue and private placement exercise. The company disclosed this in a press...

Seplat tops losers chart as bulls maintain hold

The Nigerian Stock Exchange ended today’s trading session in the green, as the All Share Index closed at 29,830.70 basis points, up 1.06%. Year to date,...
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