Investing In Nigeria: Top Picks For 2021
Following 2020, a year the world faced an existential crisis with many households and businesses losing incomes, survival was of…
Category: Local
BUA Cement Grow Gross 2020 Full Year Profit To N95Bn
BUA Cement, Nigeria’s second largest cement company, has announced full year revenue of N209 billion in its unaudited financial accounts…
Shareholders Sue Federal Government Of Nigeria Over Plans To Borrow Unclaimed Dividends
Determined to stop the federal government from taking over their unclaimed dividends, some shareholders of companies listed on the Nigerian…
Investors Lose N660Bn As Stock Market Ends Lower
Investors lost N660bn last week as the nation’s stock market closed lower at the end of trading amid lingering profit-taking.…
Equity Investors In Panic As Fixed-Income Yields Rise
As investors worry over the continuous uptick in yields in the fixed income market, negative sentiments persisted on the Nigerian…
Bearish Sentiment Strengthened As Nigerian Stock Exchange Capitalisation Dips N75b
The Nigerian Stock Exchange (NSE) commenced trading for the week on a downward note, following losses recorded by bellwethers, causing…
NYSC Members Get N4m Business Grants In Corpreneurship Challenge
At least twelve members of the National Youth Service Corps (NYSC) who took part in Unity Bank’s flagship business plan…
Japan Economy Shrinks For First Time Since 2009 But Tops Forecast
Japan’s pandemic-hit economy shrank in 2020 for the first time in more than a decade, but the contraction was less…
Rice, Flour, Sugar, Cement Top Free Trade Exemption List
Despite Nigeria’s comparative advantage and self-sufficiency status in the production of certain products, cement, flour, rice, sugar and 180 other…
West Texas Intermediate Crude Breaks $60 A Barrel On Oil Supply Worries
US oil prices rallied past $60 a barrel on Monday for the first time in more than a year, fuelled…
Olam, BAT, Eight Others Earned $100m From Exports – Central Bank Of Nigeria
Top 10 exporters in the country exported non-oil goods worth $100.88m in November, according to the Central Bank of Nigeria.…
Okonjo-Iweala, Mo Ibrahim, Adesina Headline Ehingbeti As Summit Opens Tuesday
Notable business leaders and political figures across the globe will be joining the private sector in setting agenda for Lagos…
Dwindling Cash Use Is Pushing Central Banks To Race Toward Digital Currencies
Central banks are accelerating their work on digital currencies and investors are taking note.Earlier this year, the Bank of International…
Bitcoin: Nigeria Bites Back Against Cryptocurrency Trading
Bitcoin. The currency of choice for drug dealers, terrorists, investors, spaceship enthusiasts — and ordinary people, including many of us…
Oil Rises On Fears Of Heightened Tensions In Middle East
Oil prices rose to their highest in more than a year on Monday, after a Saudi-led coalition fighting in Yemen…
Foreign Stock Investors Withdraw N1.01tn In Two Years
Foreign investors pulled out a total of N1.01tn from the nation’s stock market in the past two years, according to…
Oil Rally May Brighten Nigeria’s Outlook, Says Organisation Of Petroleum Exporting Countries
The rise in global oil prices could brighten Nigeria’s outlook this year, the Organisation of the Petroleum Exporting Countries said…
Association of Bureaux De Change Operators Of Nigeria To Central Bank Of Nigeria : Support BDCs’ Digitalisation
The Association of Bureaux De Change Operators of Nigeria (ABCON) has urged the Central Bank of Nigeria (CBN) to support…
Dangote Foundation Disburses N3.9b To Women, Youths In 11 Nigerian States
Aliko Dangote Foundation (ADF) has so far disbursed the sum of N3.924 billion to 392,490 women and youths across 11 states…
International Monetary Fund’s Panacea For Economic Recovery, Growth
James Emejo examines the wide-ranging recommendations by the International Monetary Fund to both the fiscal and monetary authorities on the…
CBN, AFC, NSIA To Fund N1tn Infrastructure Firm — FG
The President, Major General Muhammadu Buhari (retd.), has approved the establishment of a company, Infra-Co, saddled with the responsibility of…
Disease Outbreak May Hit Livestock This Year — NiMet
The livestock sector in Nigeria could witness an outbreak of diseases, as parasites might hit fish ponds in parts of…
Nigeria Vowed To Avoid Fuel Subsidy’s Return – International Monetary Fund
The International Monetary Fund says Nigeria has expressed strong commitment to avoid the return of fuel subsidy and to put…
How Cryptocurrency Is Solving Unemployment In Nigeria
As issues continue to surround the recent order by the Central Bank of Nigeria to banks not to provide financial…
Access, GT Banks Close Accounts Of Cryptocurrency Traders
The CBN had on February 5 directed banks to close the accounts of those involved in cryptocurrency transactions in their…
Jaiz Bank Targets Micro, Small and Medium Enterprises Growth Via Hajj Savings
Jaiz Bank PLC is seeking to boost access to financing for Micro, Small and Medium Enterprises (MSMEs), through the newly-introduced…
Federal Government Banks on Finance Act for Quick Economic Recovery
The federal government has expressed optimism that the implementation of the Finance Act, 2020 and Strategic Revenue Growth Initiative (SRGI)…
Again, Organisation Of Petroleum Exporting Countries Cuts 2021 Oil Demand, Projects Q2 Rise
The Organisation of Petroleum Exporting Countries (OPEC), projected yesterday that world oil demand in 2021 will rebound more slowly than…
UAE Suspends Flights From Nigeria, Says Air Peace
The Management of Air Peace on Thursday announced that the UAE Government had stopped the airlifting of passengers from Nigeria…
Buhari Approves Take-Off Of Trillion Naira Company Infra-Co
President Muhammadu Buhari has approved the establishment of a Public Private Partnership styled Infrastructure company named Infra-Co with an initial…