Visionscape Municipality Bond Default Explained

NSE’s statement in reaction to the Visionscape Municipality Bond Default

The NSE, yesterday, reacted to media publications about Visionscap's alleged default on  the coupon payment of a N4.85 billion bond that was due in March.
Nigeria Weekly Update: Naira interest rate adjustment

Nigeria Weekly Update: Reporting season continues well

The reporting season for banks continues, with two high-quality banks enjoying big increases in Non-Interest Income in 2018.
licensed cars on Nigeria’s roads

Number of cars on Nigerian roads hit 11.8m in a year

Latest figures from the Nigerian Bureau of Statistics have shown that there were 11.8 million licensed cars on Nigeria’s roads as at Q4 2018.
APC's Sanwo-Olu emerges Lagos State's governor elect

APC’s Sanwo-Olu emerges Lagos State’s Governor-Elect

The APC candidate during Saturday's gubernatorial election in Lagos State,  Mr Babajide Sanwo-Olu, has emerged victorious at the polls.
Visionscape Municipality Bond Default: An indictment on credit rating agencies?

Visionscape Municipality Bond Default Explained

Last week, reports confirmed that a subsidiary of Visionscape Sanitations Solutions Limited may have defaulted on N4.5bn coupon payment due on March 4th.
BPE, Director General, Alex A. Okoh, NCP

BPE institutes four committees to review privatised enterprises

Four committees have been set up to look into the challenges hindering the growth of some corporations that were privatised by the Government ten years ago.
CBN to stop culprits from opening account

EFCC and CBN intensifies fight against financial fraudsters

The Central Bank of Nigeria (CBN) and the EFCC are collectively intensifying the fight against financial crimes, even as they plan to bar individuals...
FX ban on textile, FX ban, Lagos Chamber of Commerce and Industry, LCCI, CBN Governor, NIRSAL Microfinance Bank, SMEs, Loan, CBN records N577 billion financed 568 agric projects, FX restriction list, Textiles, Fertilizer

NIRSAL MFB to offer loans to SMEs at 5% interest rate

NIRSAL Microfinance Bank would provide loans to small businesses at a single digit interest rate of five per cent, according to CBN Governor.
Nigerian Cinemas delay “Captain Marvel” due to Gubernatorial elections

Cinemas delay release of “Captain Marvel” due to gubernatorial elections

Nigerian cinema enthusiasts looking forward to seeing the highly-anticipated “Captain Marvel” on Friday, March 8th, will have to wait another week.
CBN to stop culprits from opening account

Central Bank of Nigeria to raise N1tn from treasury bills

A total of N1.006 trillion will be raised by the Central Bank of Nigeria (CBN) through the issuance of treasury bills in the second quarter of 2019.
Organisation of Petroleum Exporting Countries OPEC's cuts

Libya’s output could destabilise OPEC’s cuts and affect crude prices

The El Sharara Oil Field in Libya has recommenced operation after a three-month siege by militants shut down operations.
Nigerian National Petroleum Commission

Billions lost as Nigerian refineries remain inactive

Between April and November 2018, the Nigerian National Petroleum Corporation lost revenue totalling 228.1 billion due to inactive refineries.
PEBEC commences fourth 60-Day NAP 4.0 on Ease of Doing Business

PEBEC commences fourth 60-Day NAP 4.0 on Ease of Doing Business

In line with the commitment to deliver reforms aimed at improving the enabling environment for doing business in Nigeria through systemic interventions, the Presidential Enabling Business Environment Council (PEBEC) has commenced the fourth 60-day National Action Plan (NAP 4.0) on Ease of Doing Business (EoDB).
Central Bank of Nigeria, Godwin Emefiele, Largest palm oil producers, CBN, Licensed Microfinance Banks, Recession in Nigeria, Monetary policy, Inflation rates globally

CBN confirms Emefiele is still in charge, for now

CBN's Director in charge of Corporate Communications, Mr Isaac Okorafor, has dispelled rumours suggesting that Godwin Emefiele has been sacked.
CBN, Central Bank of Nigeria, Godwin Emefiele sack, Atiku, Aishah Ahmad

Is CBN Governor Godwin Emefiele In or Out ?

A multiplicity of reports emerged this evening concerning CBN Governor Godwin Emefiele and his continued stay at the apex bank.   While Reuters and some local media reports...
Jim Ovia, Zenith Bank Plc

Jim Ovia projects growth for Nigeria but data suggests otherwise

Jim Ovia, Chairman of Zenith Bank Plc believes the country is on a growth trajectory due to Nigeria's ease of doing business index and the inflation rate.
Buhari speech

4+4: What Buhari may achieve in his second term 

President Muhammadu Buhari’s victory at the polls in the early hours of Wednesday 2019 signaled the end of a very feisty election. It also...
FG pays ₦39.9 billion monthly Subsidy as Petroleum import declines

FG to pay ₦39.9 billion monthly Subsidy as Petroleum Import declines

The importation of refined petroleum products will decline in March 2019, even as Nigerians consume an average of 53.2m litres of PMS daily.
Nigerian National Petroleum Corporation, NNPC, Investment opportunities in Nigeria's oil and gas sector

Investors should take advantage of over $48bn opportunities in oil sector

More than $48 billion worth of investment opportunities exist in the Nigerian oil and gas sector, according to the Nigerian National petroleum Commissision.
Naira Exchange rate under Buhari, Implication of APC victory, Buhari Valentine's Day Speech, Nigerian Election, Nigeria Election and GDP, Nigerian GDP

Next Level: Exchange rate under Buhari by 2023

As President Muhammadu Buhari won Nigeria’s recently-concluded presidential election for his second term bid, Nigerians who voted-in the president again ‘surprisingly’ do not have...
Petrol price, fuel scarcity, oil marketers

Days after its announcement, IPMAN is yet to sell petrol at N140

IPMAN had approved the new price in a bid to motivate Nigerians to vote in the coming elections.
Aishah Ahmad, Central Bank of Nigeria, Godwin Emefiele

Aishah Ahmad leads shortlist to replace Emefiele

If not re-appointed, Godwin Emefiele, might vacate his position for one of his deputies, Aishah Ahmad.
Africa Development Bank

AfDB expends $11.3bn in support of projects across Africa

The Africa Development Bank (AfDB) has invested as much as $11.3 billion to support some transformative projects in the African banking industry.
BDCs get CBN, EFCC's backing against counterfeit notes

BDCs get CBN, EFCC’s backing against counterfeit notes

The Association of Bureaux De Change Operators of Nigeria (ABCON) has secured the support of the Central Bank of Nigeria (CBN) and Economic and Financial...
Central Bank of Nigeria, Godwin Emefiele, Largest palm oil producers, CBN, Licensed Microfinance Banks, Recession in Nigeria, Monetary policy, Inflation rates globally

Report shows how banks’ 2018 non-performing loans reduced slightly

Data from the National Bureau of Statistics (NBS) has shown that Nigerian bank's non-performing loans (NPLs) for full-year stood at N8.17 trillion.
Election delay

OFFICIAL: Muhammadu Buhari wins 2019 Presidential elections

President Muhammadu Buhari has been officially declared the winner of the 2019 elections. Chairman of the Independent National Electoral Commission (INEC) Professor Mahmood Yakubu announced...
Organisation of Petroleum Exporting Countries OPEC's cuts

America’s Trump is once again ‘messing’ with crude prices

Donald Trump called on OPEC to lower oil prices because the world cannot handle a hike.
NAFDAC, National Agency for Food and Drug Administration and Control, Sachet Alcohol, Are spirits, bitters eroding the value of beer makers?

The future is bleak for Sachet and PET packaged alcohol

The National Agency for Food and Drug Administration and Control (NAFDAC) would not approve the registration of alcohol products packaged in sachets, the agency's Director-General, Mojisola Adeyeye has disclosed.
How to detect fake dollar bills - ABCON

How to detect fake dollar bills – ABCON

Dr. Aminu Gwadabe, the President of the Association of Bureaux De Change Operators of Nigeria (ABCON), has raised alarm over the circulation of fake $100 bills...
Oil prices

Nigeria could lose its biggest crude market to Saudi Arabia

The world's largest crude producer – Saudi Arabia, is seriously 'courting' India, which also happens to be Nigeria's biggest crude market.

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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.