Business News Report

Buying Interest in Bellwethers Upturns Performance in Local Bourse… ASI Up 32bps

The buying interest in bellwethers – SEPLAT (+6.8%), DANGCEM (+2.2%) and GUARANTY (+0.3%) upturned yesterday’s bearish sentiment as the NSE All Share Index (ASI) appreciated 0.3% to settle at 30,802.90 points. Consequently, the market capitalisation...

HP, Police raid manufacturers of fake printer cartridges

HP has worked closely with Nigerian officials to identify and close down over 12 criminal operations trading in counterfeit cartridges for HP printers. Police officers recently...

Systemspecs projects Nigeria’s tech to the outside world at intra Africa Trade fair

At the just concluded Intra Africa Trade Fair held in Cairo Egypt, Systemspecs’  Executive Director Deremi Atanda  spoke to Nigerian journalist about the company’s drive to...

Access -Diamond bank merger gets nod from CBN

The Boards of Access Bank Plc (“Access Bank”) and Diamond Bank Plc (“Diamond Bank”) said that they have received “No Objection” from the Central Bank of...

Shareholders may lose all antagonising Access/Diamond bank merger—expert warns

Shareholders of Diamond Bank are now at each other’s throat over the proposed merger between Access Bank and Diamond Bank. While some have favoured the plan,...

Intra Africa Trade Fair has set in motion an economic movement—Afreximbank

The curtain was drawn on the 1st ever Intra Africa Trade Fair in Cairo as 29,000 visitors came to the fair. The fair which both organisers...

US Coast Guard commends NIMASA, offer advise on port security 

The United States Coast Guard has commended the Nigerian Maritime Administration and Safety Agency (NIMASA) for its efforts to improve security and operational efficiency within Nigeria’s...

Investors lost N26.5 bn at Nigeria stock market

Investors in shares at the Nigerian Stock Exchange have lost N26.5 billion at today’s trading as the prices of shares in the market dropped to lower...

Access Bank Plc to buy Diamond Bank Plc for N23.160,388,968bn

Access Bank PLC has said that it is in talks with Diamond bank to acquire 100 per cent of its shares. The acquisition when concluded will...

Access Bank concludes deal to buy over Diamond Bank 

There are strong indication that Access Bank has struck a deal with Diamond Bank shareholders and paid for the bank shares. This means that Access bank...

Nigeria making itself irrelevant in Intra Africa free Trade agreement—-Obasanjo

Nigeria former President and Chairman of the advisory council of the Intra Africa Trade Fair Chief Olusegun Obasanjo has said in Cairo that it is a...

Launch of the African Manufacturers Association milestone at 2018 Intra Africa Trade Fair

Faces of Nigerian SME at the Intra Africa Trade Fair

Afreximbank launches $1bn Nigeria-Africa Trade; Signs MoU for $1.235bn for Industrial Parks

The African Export-Import Bank (Afreximbank)  in Cairo signed an agreement with the Nigerian Export Promotion Council and the Nigerian Export-Import Bank (NEXIM), launching a $1-billion Nigeria-Africa...

Nigeria showcases opportunities during country day at IATF, highlights digital economy

Nigeria hosted its Country Day at the inaugural Intra-African Trade Fair (IATF) taking place in Cairo, with the Nigerian Vice President, Prof Yemi Osinbajo, leading a...