These companies could soon be delisted from the Nigerian Stock Exchange
These companies could soon be delisted from the Nigerian Stock Exchange
Occupancy rates spike for Union Homes REIT
Union Homes Real Estate Investment Trust (REITs) recorded a spike in occupancy rates for its choice properties across Nigeria.
NCC moves to regulate infrastructure sharing regulations
Prof. Umar Danbatta, Executive Vice Chairman of the Nigerian Communications Commission has announced that the commission is working on regulations that will enable telecommunication...
$9 billion case: Nigeria files new lawsuit against P&ID after new evidence emerges
The management of British Virgin Island firm, Process and Industrial Development (P&ID) will again have to defend the company in court in the United Kingdom as Nigeria...
ECOWAS economy grows by 3.1%, expected to hit 3.3% by end of 2019
The economy of ECOWAS grew by 3.1% as at the end of the second quarter of 2019 and it’s expected to hit 3.3% by the end of the year.
ECOWAS: Single currency regime not kicking off in 2020
The single currency regime for West Africa Countries might not kick off next year as expected because many countries are yet to meet the criteria.
Girdlock: FG shuts Apapa-Tin Can road for repairs
Apapa-Tin Can road would be shut for repairs by the Federal Government for 72 hours from 12 am December 7.
Inflation may rise if borders are not opened – LCCI
Nigeria’s inflationary trend may move higher in the coming months if the nation continues to close its borders to its West African countries.
Bitcoin users rise in Nigeria despite Senate, CBN campaign against it
The use of Bitcoin is rising in Nigeria despite the warnings given by the Nigerian Senate and the Central Bank of Nigeria (CBN) against it.
ABEDC’s investors divided over $41 million contract breach
CEC Africa Investments Limited has accused Xerxes Global Investment Limited of breaching its agreement that led to the acquisition of Abuja DisCo.
NSE aids financial literacy, rewards students with equity, edufund
The NSE has continued to drive financial literacy among the young population with its annual Essay Competition on capital market.
Nigeria may fall into recession if…, World Bank warns
The World Bank has warned that Nigeria may fall back into recession, highlighting conditions that may drag the nation’s economy into it.
PenCom boss queried for spending N5 billion on 380 staff in 8 months
The Acting DG of PenCom, Aisha Dahir-Umar has been queried by the House of Representatives for the handling of the finances of the commission.
2020 Budget: An end to Nigeria’s budget cycle conundrum?
The Senate and the House of Representatives in a joint session passed the 2020 Appropriation Bill that was presented by the President on 8 October.
Lagos offers tech founders N250 million seed fund, cuts stringent access
Entrepreneurs and innovators in the tech space in Lagos State now have new fund support worth N250 million to accelerate their ideas and startups.
Again, Finance Minister argues that Nigeria is not in debt distress
Nigeria’s Finance Minister, Zainab Ahmed, has once again argued that Nigeria does not have a debt problem.
CBN gets a new Director for Currency Operations
Ahmed Bello Umar has been appointed by the Central Bank of Nigeria (CBN) for the post of Director, Currency Operations Department.
Nigeria’s Entertainment & Media industry to hit $10 billion by 2023 – PwC
Nigeria’s Entertainment and Media industry is expected to rise from $4.46 billion in 2018 to $10.5 billion by the end of 2023.
SON concludes partnership with UK to stop rejection of Nigerian products
The Standard Organization of Nigeria (SON) has signed a Memorandum of Understanding (MoU) with the United Kingdom Global Trade Programme.
Saudi Aramco surpasses Alibaba in world’s largest IPO, raises $25.6 billion
Saudi Arabia’s state-controlled oil firm, Aramco has raised $25.6 billion in the largest Initial Public Offering (IPO) ever.
El-Rufai: How Vodafone recorded its ‘biggest’ investment mistake in Nigeria
Governor Nasir El-Rufai has disclosed how Vodafone failed to invest in Nigeria despite having the backing of former President Obasanjo.
Cotton producers move to recover N4 billion CBN loan
COPMA has announced that it is set to recover the N4 billion loan disbursed by the Central Bank of Nigeria (CBN) to cotton farmers.
Why more African countries need to offer dual citizenship opportunities to African-Americans
For many years, black people in the diaspora, particularly black Americans always found the African continent very intriguing.
New oil discovery to facilitate massive job creation – NNPC
The NNPC has disclosed that the discovery of oil in the Upper Gongola Basin of Benue Trough would lead to massive creation of jobs.
FG takes over Yola DisCo, investors to get N26.9 billion refund
The Federal Government of Nigeria is set to take over Yola Electricity Distribution Company (Yola DisCo).
Yaw Nsarkoh is leaving Unilever Nigeria Plc
Unilever Nigeria Plc has announced the resignation of Yaw Nsarkoh who was, until now, a director in the company’s board.
Nigerian Senate passes 2020 National budget
The Nigerian Senate, on Thursday, December 5th, 2019, passed the 2020 National Budget of N10.59 trillion.
FG battles 6 oil firms for failure to remit N20 trillion
The FGN has initiated moves to recover $62.2 billion from 6 oil firms that defaulted in the payment of revenue (arrears) due to the government.
How the CBN’s OMO restriction is affecting the market
The Nigerian treasury market has been characterised by bearish sentiment. This has particularly been affecting tenured OMO securities,
CBN holds N30 billion NHIS funds in spite poor coverage of scheme
The NHIS has over N30 billion with the Central Bank of Nigeria (CBN), after 14 years of operations and only 5% coverage in the country.