Champion Breweries, Eterna Others Drag Capitalisation Of The Nigerian Stock Exchange By N83b
The Nigerian Exchange Limited (NGX) reopened on a downward note yesterday, occasioned by losses incurred by most blue-chip stocks, especially…
Category: Local
Nigeria: United Capital Lists N20b Commercial Papers
United Capital Plc has listed three series commercial papers worth about N19.72 billion on the FMDQ Securities Exchange, paving the…
Nigeria: CBN States Transfer Limits As E-Naira Begins Oct 1
The Central Bank of Nigeria has announced the formal engagement of the global Fintech Company, Bitt Inc., as the Technical…
CBN Selects Bitt Inc Digital Currency As Technical Partner For Digital Currency Project
The Central Bank of Nigeria (CBN) has engaged Bitt Inc., a global Fintech company, as the Technical Partner for its…
Dangote’s $2bn Petrochemical Plant To Produce 77 Grades Of Polypropylene
Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene…
Search Fund Buys Majority Stake In Electronic Security Firm
Africa Search Capital (ASC) (www.AfricaSearchCapital.com) today announced the acquisition of a majority stake in Falcon Security Hub (Falcon). The transaction, which…
Gridworks And New GX Back SPS’s Frowth Plans
Sustainable Power Solutions (SPS) is strengthening for expansion in Africa. The clean energy solutions provider is opening its capital to…
Startup In Nigeria Secures $26.5m Financing to Boost Female Students’ Inclusiveness
Decagon, the tech startup which combines lending, training, and job placement to help exceptional people launch careers as software engineers…
Nigeria: ICT Sector Contributes N5.5tn To GDP In Six Months
The Information, Communication and Technology sector contributed N5.5tn to real Gross Domestic Product in the first half of 2021. This…
Google Restores Crowwe App On Playstore After Major Improvement
Nigeria’s social media network Crowwe is back on the Play Store and App store for both android and IOS mobile phone…
Nigeria: TikTok Bans Viral Milk Crate Challenge Over Safety Concerns
TikTok has banned the popular “milk crate challenge” from its platform due to concerns that users participating in the trend…
Nigeria: Flashy GDP Data And The Broken Window Fallacy
Nigeria, like any other economy, maybe climbing out of the deep hole. Nothing understates this better than the recent recovery…
6 Years After Selling Stakes In Dangote Flour Mills, Tiger Brands Agrees To Divest From UAC Foods
Tiger Brands, a South African food company, has reached an agreement with UAC of Nigeria Plc (UACN) to sell its…
Atedo Peterside Doubts Nigeria’s NNPC N287bn Profit, Challenges Corporation
Founder of IBTC Stanbic Bank, Atedo Peterside, has challenged the Nigerian National Petroleum Corporation to clarify allegations that it dipped…
Nigeria: NGX Creates Hybrid Market, Access To Capital Via Bonds
It is believed that the short term funding profile of the money market makes it unsuitable for project infrastructure investment…
Nigeria: Forex Transactions At Investors, Exporters’ Window Rise 59.37%
Foreign exchange transactions at the Investors’ & Exporters window increased by 59.37 per cent last week, according to FMDQ Securities…
Nigeria: Exchange To Create Standardised Derivatives Market
There is no gainsaying that the capital market is a critical pillar to long term fund mobilisation needed for capital formation…
Nigeria: Exchange, NGCL To Create Standardised Derivatives Market
Ahead of the planned launch of Exchange Traded Derivatives (ETDs) in the Nigerian capital market, the Nigerian Exchange Limited (NGX)…
NIPOST To Clamp Down On Unlicensed Courier, Logistics Operators
The Courier and Logistics Regulatory Department (CLRD) of the Nigerian Postal Service (NIPOST) is set to clamp down on illegal…
FG Loses N5 Trillion To Open Ended Import Waivers, Says Minister
The Federal Government has lost over N5 trillion to open – ended import duty waivers granted to companies and manufacturers…
$2bn Tax Remittance: MTN Nigeria Complying With Payment Plan, Says Zainab Ahmed
Zainab Ahmed, minister of finance, budget and national planning, says MTN Nigeria has a payment plan with the Federal Inland…
France Ready To Market Nigeria Back Home-Ambassador
The France Ambassador to Nigeria, Jerome Pasquire, has said his country is fully committed to not only supporting the Nigeria…
Investments In 4G Drops 7 Percent As NCC Assures Of 5G Deployment
Investments in Fourth Generation (4G) in Nigeria and Africa dropped by seven per cent in 2020, the International Telecommunications Union…
Nigeria: FG to Pay Arrears of Minimum Wage To Varsity Staff October
The federal government has given an undertaken to clear the arrears of the consequential adjustment on the new minimum wage…
Nigeria: Elevated CRR Level Moderated Banking Industry’s Performance, Liquidity Position In FY 2020
The Nigerian banking industry would have recorded a return on average equity (ROE) of 31.6 per cent if not for…
Nigeria:CIBN Canvasses Tax Expansion To Improve Revenue
The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State chapter has suggested the restructuring of existing systems for tax…
Nigeria’s GDP Grows Further By 5.01% In Q2 2021
Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021, marking three…
Nigeria: Troubles Ahead, Experts Warn As Debt Servicing Gulps 91% Of Revenue
The Federal Government spent N2.02tn on debt servicing in the first six months of this year. This figure represents 90.58…
Nigeria: NNPC Records N287bn As 2020 PAT
President Muhammadu Buhari, has announced a N287 billion profit after tax for the Nigerian National Petroleum Corporation (NNPC) in the…
Nigeria:Stock Market Rebounds As Capitalisation Rises By N15 Billion
As price gains outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed in an upbeat…