Yuguda: SEC Remits N1.5bn to FG, Assures of Profitability In Two Years
Following comments attributed to the Nigerian Senate that the Securities and Exchange Commission (SEC) was gradually becoming insolvent and could…
Category: Local
Journey Towards Nigeria’s Digital Currency
Central banks in more than 70 countries are presently studying or at advanced stages of developing their Central Bank Digital…
Transcorp, Honeywell, Access, Others Lift NGX Turnover By N8.7b
Heavy transactions in the shares of Transnational Corporation of Nigeria (Transcorp) Plc, Honeywell Flour Mill Plc and Access Bank Plc…
Telecos To Pay N200,000 For Failing To Verify NIN – NCC
The Nigerian Communications Commission has proposed a fine of N200,000 for mobile communications services providers that fail to verify and…
India, Netherlands, Spain Emerge Top Export Destinations for Nigeria’s Crude Oil
India, Netherlands and Spain have now filled the vacuum left by the United States as top buyers of Nigeria’s crude…
Nigeria: Oil And Gas Free Trade Zone Attracts $16.6bn Foreign Investments In 20 Years
The Oil and Gas Free Trade Zones Authority has attracted the sum of $16.6bn foreign direct investment into the economy…
Nigeria: Fintech Group Raises N2.2bn Series 1 Note
CapitalSage Technology Limited a Fin Tech company has raised a N2.2bn series 1 Private Company Notes issue, under its N10bn…
PawaPay Raises $9M seed Backed By MSA, 88mph And Mr Eazi’s Zagadat Capital
The capital will be deployed to scale pawaPay’s operational presence, find more talent to join the team, and expand into…
Stock Market Sheds N117bn As Investors Take Profits
The equities listed on the Nigerian Exchange Limited shed N117.03bn last week, with analysts attributing the market downturn to profit-taking…
Pearl Capital And FCA Back Organic Agribusiness
Yield Uganda Investment Fund, an agribusiness impact vehicle managed by Pearl Capital Partners, and FCA Investments have committed €1.3 million…
Nigeria: Dangote Refinery To Increase Workforce To 57,000 employees
The Founder, Dangote Industries Limited, Alhaji Aliko Dangote has said the construction of the Dangote Petroleum Refinery is a result…
Agricorp Raises Mix Of Equity And Working Capital Financing
Agricorp International, Nigerian based spices producing, processing, and exporting company has raised $17.5 millionin Series A funding to increase its processing…
Amethis Sells Its 22% Stake In Sodigaz APC to African Infrastructure Investment Managers
Amethis is pleased to announce the sale of its minority stake in Sodigaz APC to African Infrastructure Investment Managers (AIIM).…
LASEPA shuts Ikorodu Steel Manufacturing Firms
The Lagos State Environmental Protection Agency has issued issued a ‘stop-work’ order to two steel and iron manufacturing companies in…
Estate Firm Increases Access To Short-Let Apartments In Lagos
In line with its ambitions to increase access to short let rentals, Shortlethomes, a leading real estate firm, has launched…
Stakeholders Laud NBC Over Waste Management Initiatives
Stakeholders in Nigeria’s manufacturing and waste management sectors have commended the Nigerian Bottling Company Limited for its initiatives geared towards…
Include Revenue Sources In Budget Proposals, FG Tells MDAs
The Federal Government has directed all Ministries, Departments and Agencies of government to include revenue sources, and not just expenditures,…
NNPC Earned N4.61tn, Spent N4.52tn in 2020 — BudgIT
The Nigerian National Petroleum Corporation earned revenue of N4.61tn and spent N4.52tn in 2020, according to a report released on…
Reserves Hit Two-Month High, Naira Plunges Further
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown. Sadly,…
Ogun Unveils Business Registration Portal, Waives Backlog
As part of efforts to address challenges in business premises registration and improve the ease of doing business, the Ogun…
Brent Crude Crosses $73 Per Barrel
Oil prices rose more than $1 a barrel yesterday, rebounding on optimism about the pace of global economic growth despite…
Increasing Spending: FG’s Three-Year Deficit Hits N15.4tn Amid Revenue Crisis
Within a three-year period covering July 2018 to June 2021, the Federal Government recorded a fiscal deficit of N15.35tn, statistics…
Stock Market Halts Losing Streak, Investors Gain N35bn
Investors in the equities market of the Nigerian Exchange Limited gained N35.44bn fueled by buyer interest in large-cap stocks on…
LinkedIn Is Shutting Down Its Stories Feature To Work On Short-Form Video
Linkedin announced that that it will suspend its Stories feature on September 30 and begin working on a different way…
President Buhari Finally Receives NDDC Forensic Audit Report
President Muhammadu Buhari on Thursday received the final report on the forensic audit report of the Niger Delta Development Commission…
External Reserves Hit Two-Month High, as Naira Plunges Further
Nigeria’s foreign reserves have hit a two-month high, data released by the Central Bank of Nigeria (CBN) have shown. Sadly,…
VAT ‘War’ Between FIRS, States Leaves Businesses Confused
Taxpayers and business owners are scratching their heads over the authority to remit Value Added Tax (VAT), as the Federal…
Nigeria Govt Unveils Two Aircraft For Data Collection
The Federal Government has unveiled two aircraft earmarked for Airborne Geophysical Survey activities to enhance mining data collection in Nigeria.…
Nigeria: SEC Six-Month Expenses Outstrip Revenue By N1.65bn
The Senate on Thursday, raised the alarm that the Security and Exchange Commission, was gradually becoming insolvent and could go…
Nigeria: Senate Fear SEC May Liquidate By 2023
The Senate, yesterday, expressed apprehension that the Security and Exchange Commission (SEC) could become liquidated by 2023, following revelations by…