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Day: November 7, 2023

MeCure Industries Set to List 4 Billion Shares on NGX, Boosting Market Capitalization by N11.84 Billion
Local

MeCure Industries Set to List 4 Billion Shares on NGX, Boosting Market Capitalization by N11.84 Billion

Leading pharmaceuticals and nutraceuticals manufacturing company, MeCure Industries Limited, is gearing up for a significant listing on the Nigerian Exchange…

byEkeminiNovember 7, 2023November 7, 2023
Berger Paints Nigeria PLC Demonstrates Resilience Amid Challenges, Promises Stronger Engagement with Capital Market Community
Local

Berger Paints Nigeria PLC Demonstrates Resilience Amid Challenges, Promises Stronger Engagement with Capital Market Community

Berger Paints Nigeria PLC (BPN) Plc, a prominent manufacturer of paints and allied products, has reassured the capital market community…

byEkeminiNovember 7, 2023November 7, 2023
Nigeria’s Equities Market Commences the Week on a Positive Note, Gaining N155 Billion
Local

Nigeria’s Equities Market Commences the Week on a Positive Note, Gaining N155 Billion

On Monday, November 6, Nigeria’s equities market started the week on a positive trajectory, surging by 0.40 percent. This upbeat…

byEkeminiNovember 7, 2023November 7, 2023
Dangote Cement Offers Series 10 and 11 of Commercial Papers in N300bn Issuance Programme
Business

Dangote Cement Offers Series 10 and 11 of Commercial Papers in N300bn Issuance Programme

Dangote Cement, a prominent Sub-Saharan Africa cement producer, has launched series 10 and 11 of its Commercial Papers (CP) as…

byEkeminiNovember 7, 2023November 7, 2023
Novatek Dismisses US Sanctions on Arctic LNG 2, Calls it a Bid to Inflate Gas Prices
Business

Novatek Dismisses US Sanctions on Arctic LNG 2, Calls it a Bid to Inflate Gas Prices

Russian gas giant Novatek has brushed aside recent US sanctions against its Arctic LNG 2 project, characterizing them as a…

byEkeminiNovember 7, 2023November 7, 2023
Peter Obi Expresses Disappointment in Supreme Court’s Ruling on Presidential Election
Local

Peter Obi Expresses Disappointment in Supreme Court’s Ruling on Presidential Election

Peter Obi, the presidential candidate of the Labour Party (LP) in the 2023 election, has voiced his disappointment with the…

byEkeminiNovember 7, 2023November 7, 2023
Mobile Money Agents Surge in Nigeria, Boosting Financial Inclusion
Local

Mobile Money Agents Surge in Nigeria, Boosting Financial Inclusion

A recent report by the International Monetary Fund (IMF) reveals a substantial increase in registered mobile money agent outlets in…

byEkeminiNovember 7, 2023November 7, 2023
Nigeria’s Federal Government Borrowing from Central Bank Hits ₦4.36 Trillion
Local

Nigeria’s Federal Government Borrowing from Central Bank Hits ₦4.36 Trillion

Data shows that Nigeria’s federal government borrowed ₦4.36 trillion from the Central Bank of Nigeria (CBN) as of June, a…

byEkeminiNovember 7, 2023November 7, 2023
Naira Loses 4.24% Against the Dollar Due to Declining Dollar Supply
Local

Naira Loses 4.24% Against the Dollar Due to Declining Dollar Supply

The Nigerian Naira has experienced a 4.24% loss in value against the US Dollar at the official market due to…

byEkeminiNovember 7, 2023November 7, 2023
Banks’ Borrowings from Central Bank of Nigeria Surge 466% YoY Due to Increased Currency Holdings
Local

Banks’ Borrowings from Central Bank of Nigeria Surge 466% YoY Due to Increased Currency Holdings

Banks’ borrowings from the Central Bank of Nigeria (CBN) through the Standing Lending Facility (SLF) have seen a significant year-on-year…

byEkeminiNovember 7, 2023November 7, 2023
Over N4.3tn Worth of Crude Oil Stolen in 7,143 Pipeline Vandalism Cases in 5 Years
Local

Over N4.3tn Worth of Crude Oil Stolen in 7,143 Pipeline Vandalism Cases in 5 Years

The Nigerian government has revealed that more than N4.3 trillion worth of crude oil was stolen in 7,143 pipeline vandalism…

byEkeminiNovember 7, 2023November 7, 2023
Unveiling Equipment Leasing Registration Authority: A Boost to Revenue Generation
Local

Unveiling Equipment Leasing Registration Authority: A Boost to Revenue Generation

The Nigerian government is set to introduce the Equipment Leasing Registration Authority (ELRA) with the aim of tapping into the…

byEkeminiNovember 7, 2023November 7, 2023
Challenges Persist in Nigerian Power Sector Despite Multi-Trillion Naira Investments
Local

Challenges Persist in Nigerian Power Sector Despite Multi-Trillion Naira Investments

Despite the federal government’s substantial investments exceeding N3 trillion in the power sector between 2015 and 2022, new data from…

byEkeminiNovember 7, 2023November 7, 2023
Nigeria’s Creative Industry Poised to Drive $100 Billion to GDP by 2030, Says U.S. Department of State
Local

Nigeria’s Creative Industry Poised to Drive $100 Billion to GDP by 2030, Says U.S. Department of State

The Assistant Secretary for the Bureau of Economic and Business Affairs at the U.S. Department of State, Ramin Toloui, has…

byEkeminiNovember 7, 2023November 7, 2023

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