Transcorp Hotels announces close period ahead of Q3 2019 results 

Transcorp Hotels announces close period ahead of Q3 2019 results 

The Board of Directors of Transcorp Hotels Plc has declared a closed period from September 30, 2019.
sound, C & I Leasing Plc, NSE launches factbook, Top 10 stockbroking firms

The Nigerian Stock Exchange ends the week bullish

The Nigerian Stock Exchange (NSE) ended Friday’s trading session in positive territory. The All-Share Index closed at 27,698.69 basis points, up 1.19%.
Tripple Gee to pay final dividend, appoints new MD 

Tripple Gee to pay final dividend, appoints new MD 

Tripple Gee and Company Plc has resolved to pay a final dividend of 5 kobo per ordinary share of 50 kobo to its shareholders.
CBN advances ban on food imports , Emefiele

CBN to restrict foreign exchange on more food imports  

The CBN has announced that it would start to restrict foreign exchange for the importation of cassava, and other products into Nigeria.
Wapic to raise N15 billion share capital ahead of NAICOM's deadline

Wapic Insurance seeks NSE’s approval to list 15.6 billion rights issue 

Wapic Insurance Plc seeks approval to list a Rights Issue of 15,613,194,623 ordinary shares of N0.50 each at N0.38 per share.
CBN Monetary Committee, PMI

CBN’s MPC votes to hold all parameters

The Central Bank of Nigeria's Monetary Policy Committee (MPC) has voted to retain all key rates.
Nigerian cinemas earn N3 billion in six months, Nigerians paid N1.2bn to see movies in 2 months 

Nigerians paid N1.2bn to see movies in 2 months 

The Nigerian cinema is booming as it was reported that Nigerians spent over N1, 294, 602, 827 in cinemas between July and August 2019.
CBN, Key lending rate

CBN offers clarification on cashless policy, but Nigerians aren’t having it 

Nigerians are not here for CBN's (@cenbank) tweet this morning trying to clarify the rather controversial cashless policy.
AIRBNB

Airbnb announces plan to go public  

Airbnb has announced its plans to go public in 2020. This is according to a statement released by the company
CBN, fintechs

CBN Cashless policy will not apply to our Digital Channels – UBA 

The United Bank for Africa has reacted to the new cashless policy of the CBN which allows bank customers to be charged for cash deposits.
CBN Monetary Committee, PMI

Diary Production: Herdsmen to leverage on CBN’s Anchor Borrowers Programme 

Livestock production in the country is expected to gain growth as the Central Bank of Nigeria (CBN), has disclosed plans to support nomadic herdsmen in the country
EFCC P&ID

EFCC arraigns ex-petroleum director involved in P&ID’s court case

The EFCC has arraigned former Director, Legal Services of the Ministry of Petroleum Resources, Grace Taiga for allegedly being involved in controversial Gas Supply Project Agreement (GSPA).
Cashless Policy

Why lawmakers moved against CBN’s newly introduced charges on deposits 

The House of Representatives has directed the CBN to suspend its policy which allows bank customers to charge for cash deposits.
ORide

Police shuts Opay office in Kano

Emerging reports have it that the Nigerian Police Force (NPF) has shut down the office of online payment portal, OPay.
CBN, Key lending rate

New CBN circular targets Payment channels, FinTechs.

The new circular is basically a tax on the volume of transactions and could rake in billions in stamp duty charge for the government. 
FG foreign reserves Nigeria Yemi-Osinbajo, FG negotiates with Governors on bail-out fund, as NEC approves 100 billion for NLTP, bail-out fund States Governors

Bail-out Fund: FG negotiates with States Governors as NEC approves 100 billion for NLTP 

The Federal Government has negotiated with States Governors on the initially planned bulk deductions of bail-out funds.
Aliko Dangote, Alhaji Aliko Dangote has lauded President Muhammadu Buhari over the formation of the Economic Advisory Council

Dangote lauds Buhari over Economic Advisory Council 

Alhaji Aliko Dangote has lauded President Muhammadu Buhari over the formation of the Economic Advisory Council
Volkwa

Why Volkswagen will have to recall about 227,000 cars

Automotive manufacturing company, the Volkswagen Group will have to recall about 227,000 VW and Porsche cars. 
NSE

The stock market ends Thursday’s trading session in negative territory

The Nigerian Stock Exchange (NSE) ended Thursday’s trading session in negative territory. The All-Share Index closed at 27,646.15 basis points, down by 0.13%. Year to date, the index is down by 12.04%.
Qatar Airways lost $693 million in one year 

Qatar Airways lost $639 million in one year 

Qatar Airways has reportedly experienced a loss of 2.3 billion Qatari riyals for the year ended March 31, 2019.
Shell hits $6bn profit for first quarter 2019, Shell Nigeria moves to stop vandalism, oil theft 

Shell Nigeria moves to stop vandalism, oil theft 

Shell Petroleum Development Company of Nigeria Limited has disclosed that it was utilizing High Definition (HD) cameras to track vandalism of the SPDC joint...
Cyril Odu and his many achievements for Union Bank   

Union Bank announces death of its Chairman

Union Bank has announced the demise of the Chairman of its Board of Directors, Cyril Odu who passed on two days ago. 
Nigeria approaches World Bank for another $2.5 billion loan

Nigeria approaches World Bank for another $2.5 billion loan

Nigeria's debt profile is set to hit another height as the World Bank confirmed that it is in talks with the Nigerian government to offer another loan to the tune of $2.5 or N767.3 billion
$9 billion UK judgement: Malami, Sylvia to face 17-man panel 

$9 billion UK judgement: Malami, Sylvia to face 17-man panel 

Abubakar Malami and Timipre Sylvia will face a 17-man Adhoc panel to answer questions concerning the P&ID contract.
Mobile money loan CBN Governor, CBN, Three PSBs get Apex Bank’s provisional to commence operations 

Three PSBs get Apex Bank’s provisional approval to commence operations 

Three Payment Service Banks (PSBs) have got the Approval-in-Principle (AIP) of Central Bank to commence banking operations in Nigeria
international brweries

International Breweries seeks capital raise through rights issue 

The Board of Directors of International Breweries has finalised plans to raise capital for the firm through a rights issue. 
Cashless Policy

Outrage as Nigerians react to new CBN deposit and withdrawal charges

More reactions have continued to trail the Central Bank of Nigeria’s partial implementation of deposit and withdrawal charges for individuals and companies in Nigeria. #CashlessPolicy
P&ID, FG, malami, $9bn fine is a scam - Federal Government , UPDATED: P&ID operations shut down, assets forfeited by court order

UPDATED: P&ID operations shut down, assets forfeited by court order

An Abuja Federal High Court has ordered the shutdown of operations and asset forfeiture of P&ID.
MPC, MPC to Maintain Accommodative Stance, Experts highlight why CBN won’t alter rates as MPC holds meeting 

Experts highlight why CBN won’t alter rates as MPC holds meeting 

The Monetary Policy Committee (MPC) of the CBN holds its 269th meeting today and tomorrow, September 19 and 20, 2019.
Used Cars and Motorcycle importation

Nigeria’s auto-policy in tatters as Cars and Motorbike importation hit N1 trillion

Recent data obtained from the NBS show that between the first quarter of 2018 and the second quarter of 2019, Nigeria had spent the total sum of N1.03 trillion to import used vehicles and Motorcycles in less than 2 years
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ORide

Police shuts Opay office in Kano

Emerging reports have it that the Nigerian Police Force (NPF) has shut down the office of online payment portal, OPay.
CBN, Key lending rate

CBN offers clarification on cashless policy, but Nigerians aren’t having it 

Nigerians are not here for CBN's (@cenbank) tweet this morning trying to clarify the rather controversial cashless policy.
Eurobond

Eurobonds in Nigeria: What they are and how to invest in them

Eurobonds in Nigeria: What they are and how to invest in them