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NAFDAC seizes over N1.5 billion worth of fake and expired products in Lagos crackdown

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Uzbekistan’s hike of minimum salary for foreign workers takes effect

NBC Act: FG, NBA react to Niger Governor’s shutdown of private radio station

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Business and economic news from Nigeria and around the world.

May & Baker's margins improve despite revenue contraction, May & Baker Nigeria signs agreement with Sanofi Nigeria, Nigeria spends N8 billion annually to import vaccines

Nigeria spends N8 billion annually to import vaccines

by Chidinma Nwagbara

December 27, 2019

No less than N8 billion could be saved annually from production of local vaccine as FG plans to go into...

Federal Government to activate full potentials of mining sector

Blurb

Nigeria: An economic update

by Op-Ed Contributor

December 27, 2019

The decision by the Central Bank of Nigeria (CBN) to ban many investors from the OMO auctions has had a...

Sulaimon Adedokun resumes as TRANEX Board Chairman Dangote Cement, Zenith Bank, shares, stocks, ARM's Shares of fortune, Understanding securities lending, nigerian stock exchange, coronavirus, NSE, Bears return ASI down 0.13% as trading volumes plunge, What’s going to happen to Nigeria’s stock market in May?, What’s going to happen to Nigeria’s stock market in May?, Nigerian bourse gains N37. 26 billion, triggered by BUACEMENT, ZENITH

Nigeria’s Capital Market: Equities, ETFs, Bonds and Beyond

by NM Partners

December 27, 2019

The Nigerian capital market, like other global markets, will continue to be impacted by macroeconomic trends. Given the prevailing challenging...

FG directs the suspension of NIMC staff involved in extortion of NIN applicants, SIM. Social media accounts monitoring, FG completes 11 projects to drive Digital Economy, FG orders NIPOST to stop cash transactions , Pantami moves to ban automatic voicemail service by telcos , Why Nigeria’s Data woes may not end soon , Pantami reacts to CBN’s ATM fee cut, keeps mute on directive to cut data cost , Pantami condemns FIRS move to collect stamp duty, MTN, Airtel, others disregarding Pantami’s voicemail, data directives on all front , FG warns State governments against RoW charge increase, FG reiterates commitment towards implementing broadband strategy ,FG reiterates commitment to 75% broadband penetration in 5 years , Pantami tasks Youth on developing creative and entrepreneurial digital skills

Pantami reacts to CBN’s ATM fee cut, keeps mute on directive to cut data cost

by Fakoyejo Olalekan

Isa Pantami has reacted to the decision of CBN to slash withdrawal fees charged after the third withdrawal from Automated...

diaspora remittances, Total credit to the economy rose to N19.54trillion – CBN Governor, CRR debits, P-AADS, #EndSARS: CBN says funds in frozen accounts may be linked to terrorist activities, Covid-19: Court closures impacted revenue generation for courts - Emefiele, P&ID dispute: UK Court orders $200 million guarantee to FG, Leaked letter by Poultry Farmers Association triggered CBN emergency approval to import maize, nImplications of CBN's latest devaluation and FX unification, current account deficit, IMF, COVID-19, CBN OMO ban could give stocks a much-needed boost , CBN’s N132.56 billion T-bills auction records oversubscription by 327% , Nigeria pays $1.09 billion to service external debt in 9 months , Implications of the new CBN stance on treasury bill sale to individuals, Digital technology and blockchain altering conventional banking models - Emefiele , Increasing food prices might erase chances of CBN cutting interest rate , Customer complaint against excess/unauthorized charges hits 1, 612 - CBN , CBN moves to reduce cassava derivatives import worth $600 million , Invest in infrastructural development - CBN Governor admonishes investors , Credit to government declines, as Credit to private sector hits N25.8 trillion, CBN sets N10 billion minimum capital for Mortgage firms, CBN sets N10 billion minimum capital for Mortgage firms , Why you should be worried about the latest drop in external reserves, CBN, Alert: CBN issues N847.4 billion treasury bills for Q1 2020 , PMI: Nigeria’s manufacturing sector gains momentum in November, CBN warns high foreign credits could collapse Nigeria’s economy, predicts high poverty, MPC Member, BVN, Fitch, Foreign excchange (Forex), Overnight rates crash after CBN’s N1.4 trillion deduction, Nigeria’s foreign reserves hit $36.57 billion; Emefiele keeps his word on defending the naira, CBN to support maize farmers, projects 12.5 million metric tons in 18 months, BREAKING: CBN Upscales Greenwich Trust Limited, grants it's operational license for merchant banking, AGSMEIS: CBN expand beneficiaries to 14,638., CBN expands access to mortgage financing

Nigeria’s 3.46 trillion fiscal deficit, a source of concern – MPC Member

by Titobioluwa Okunade

A member of the CBN’s Monetary Policy Committee (MPC) has expressed concerns about the increasing fiscal deficit of the Nigerian...

World Bank picks holes in CBN’s policies on lending, MSMEs loans

by Fakoyejo Olalekan

The Central Bank of Nigeria (CBN) has been warned by the World Bank to seize supporting undercapitalised banks in the country.

Ewelukwa replaces Amobi as NBET boss

by Chidinma Nwagbara

Dr Nnaemeka Ewelukwa has been announced to take over from Dr Marilyn Amobi as Managing Director/Chief Executive Officer of NBET.

FG projects $2 billion annual revenue from Escravos Gas project

by Titobioluwa Okunade

The Nigerian government has been projected to earn $2 billion annually from the EGTL project, the NNPC disclosed.

ITC, United Nations partner to boost employment prospect for youths

by Chidinma Nwagbara

The ITC and partners of the UN Global Initiative on Decent Jobs for Youth have joined hands to launch a...

Train 7 project: NLNG reacts after NNPC, others delay decision

by Fakoyejo Olalekan