archiveSeptember 2016

The Bank of Industry (BoI) and the United Nations Development Programme (UNDP) have signed a $2 million agreement to provide solar-powered electricity to no fewer than six communities in six states of the federation. Speaking at the signing of the Memorandum of Understanding (MoU)  on cost sharing agreement in Abuja...

Nigeria in need of funding to cover a record budget deficit, may take heart from the performance of its dollar debt as it prepares to tap the Eurobond market for the first time since 2013. According to Bloomberg report monitored by Business247 News Online, gains in the nation’s U.S. currency-denominated...

The presentation of  ‘Inside Nigerian Banks’ , a book written by the Editor of BusinessWorld Newspaper, Mr Nik Ogbulie in honour of the former Director-General of the Nigerian Stock Exchange (NSE), Professor Ndi Okereke-Onyiuke has been postponed. The presentation which was billed to  take place on Thursday September 29, 2016...

Minister of Finance, Mrs Kemi Adeosun  said on Wednesday said that the nation was already getting out of recession, explaining  that the Federal Government had taken steps that were in the best interest of the citizens. She disclosed this in her closing remarks at a two-day conference of National Council...

Access Bank has released a bond prospectus on the Irish Stock Exchange showing its plans to raise a total of $1 billion under its Global Medium Term Note Program- the amount to be borrowed in this series is yet to be announced. The road show kicked off today as management...

International Finance Corporation (IFC), a member of the World Bank Group, has said that the Credit Reporting System (CRS) and National Collateral Registry (NCR) will help facilitate over $20 billion in financing to over 40,000 Small and Medium Enterprises (SMEs) in Nigeria, if fully implemented in the next three years....

Equities investors on The Nigerian Stock Exchange (NSE) were on profit taking on Wednesday as the market capitalisation and All-Share Index which closed at 28,248.86 basis points and N9.704 trillion respectively on Tuesday, came down to  N9.699 trillion and 28,236.23 basis points  respectively, resulting in investors recording N5 billion loss....

The Securities and Exchange Commission (SEC) has banned two capital market operators, Mr. Taofik Lawal and Mrs. Iyabode Lawal , for unauthorized sale of the Nigerian Breweries Plc. shares belonging to Ngozi Onyekwere Nwachukwu. The apex capital market regulating body in a statement today said, “in the exercise of its...

The Olu of Warri, Ogiame Ikenwoli Emiko has appealed to the Nigerian Maritime Administration and Safety Agency, (NIMASA) to facilitate the effective utilisation of the Warri Port and the Koko Port with a view to reviving the economic activities in these areas. The traditional ruler made this known when the...

MTN Group Limited has said that it “strongly refutes” an accusation by Nigerian lawmakers that the company illegally moved almost $14 billion out of the country, as the company tries to quell the latest controversy in the country. MTN Nigeria Chief Executive Officer, Ferdi Moolman said in a statement on...