Today, gains in BUACEMENT (+3.0%), ARDOVA (+7.4%), and STERLNBANK (+2.0%) aided a marginal uptick in the NGX-ASI to 49,171.70 from 49,161.45 points. Nevertheless, YTD return stood...
Amid rising urgency for instruments to de-risk investment across Africa, the Africa Co-Guarantee Platform’s (CGP) six partners have affirmed commitments to better leverage guarantee and insurance...
Central Bank of Nigeria Monetary Policy Committee has raised the base interest rate, Monetary Policy Rate from 14 per cent to 15.5 per cent to help...
The Senate on Tuesday at plenary, passed for second reading, a bill to amend the Central Bank of Nigeria Act. Leading debate on the general principles...
The Fund for Export Development in Africa (“FEDA”), the impact investment arm of the African Export-Import Bank (“Afreximbank”), set up to support intra-African trade growth, value-add...
Growth in most of developing East Asia and the Pacific rebounded in 2022 from the effects of COVID-19, while China has lost momentum because of continued...
As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to...
The Edo State in collaboration with the Bank of Industry (BoI), has extended credit lines to local manufacturers seeking loans of up to N20 million to...
The domestic market resumed trading activities on a positive note today as gains in BUACEMENT (+5.4%), UBN (+7.3%), and GTCO (+1.9%) lifted the benchmark index by...
Nigeria’s national electricity grid collapsed on Monday leaving many parts of the country without power, electricity distribution companies said. The grid has collapsed at least four...
Vendease, an online marketplace for Africa’s food businesses, says it has raised $30 million to transform restaurant businesses across Africa. Vendease which made this known in...
The National Assembly says the Data Protection Bill will be passed into law within 30 days of receiving it from the Federal Executive Council. The Chairman...
The Honourable Minister of Transportation Mu’ azu Jaji Sambo says Nigeria is committed to achieving greener shipping in line with the campaign by the International Maritime Organisation, IMO, to...
The momentum built in the Micro, Small and Medium Enterprises (MSMEs) sector by the Buhari administration in the last seven years must be maintained given its...
Executive Vice-Chairman, ENL Consortium Ltd, Dr Vicky Haastrup, has said that all expired leases of port concessionaires met the concession agreement but “there are about five...