Business News

Iyinoluwa Aboyeji has announced the launch of an early-stage investment fund for African entrepreneurs called the Future Africa Fund.

Appointments

AXA Mansard announces Executive Director’s resignation, proposes replacement

by Chidinma Nwagbara

Tosin Runsewe, an Executive Director of AXA Mansard Insurance Plc has resigned from the company’s board effective from from January 31,...

Creative Technology, Vayyar Imaging, Bell Textron display next-generation tech at CES 2020

Nairametrics live at CES 2020, details so far

Nairametrics is live at the Consumer Electronics Show (CES 2020) to ensure you are covered with all big news from...

Dangote Sugar Plc, Dangote Sugar’s 9 months results show slight decline in profit , Dangote Sugar Refinery: Revenue recovers but cost pressures remain, Dangote Sugar Plc appoints new company secretary

Appointments

Dangote Sugar Plc appoints new Company Secretary

by Chidinma Nwagbara

Dangote Sugar Refinery Plc has notified the NSE of the appointment of Mrs Temitope Hassan as its Company's Secretary and...

AfCFTA forces FG to revamp port infrastructure to avert trade loss

The Nigerian ports are undergoing infrastructure reforms in order to enable Nigeria to benefit fully from the AfCFTA.

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

CBN retains Loan to Deposit Ratio at 65%

by Titobioluwa Okunade

The Central Bank of Nigeria (CBN) has retained the Loan to Deposit Ratio (LDR) at 65% against the widely projected...

Aliko Dangote, Milk importation, CBN, You probably wouldn't know Dangote dances until you watch this video  , Aliko Dangote’s net worth falls by $1.3 billion in a week

Billionaire Watch

Dangote diversifies his wealth by opening a New York office

by Emmanuel Abara Benson

Nigeria's foremost industrialist and Africa's richest man, Alhaji Aliko Dangote, is taking a very strategic step towards diversifying and protecting his...

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

MTN, Airtel, others disregard Pantami’s directives over voicemail, data cost

Network providers have disregarded the directives of Isa Pantami on voicemail charges, illegal data deduction and data cost.

onyema, Market data, CEO NSE, NSE lifts suspension on Omatek Ventures’ shares, NSE launches Comic Book to boost financial literacy, NSE goes public with 2.5 billion ordinary shares in unanimous vote by the members, NSE commemorates 2020 International Women’s Day and rings the bell for gender equality, COVID-19: NSE extends time for submission of financial statements, NSE PUBLISHES GUIDANCE TO FACILITATE EFFECTIVE VIRTUAL MEETINGS FOR STAKEHOLDERS AMIDST COVID-19, NSE Hosts First-Ever Digital Closing Gong Ceremony, NSE set to host financial leaders at upcoming webinar, NSE commemorates world investor week 2020, Agricultural sector can be a game changer for generating forex- Onyema, NGX GMG

NSE set to review 2019 market performance, give outlook for 2020

by Titobioluwa Okunade

The NSE has disclosed that it would hold its annual review/market recap for 2019 on the performance of the market...

Lagos debt hits N39.6 billion, to borrow N97 billion more