archiveOctober 2016

Nigeria expects to sell a Eurobond worth around $1 billion before the end of the year and is in the process of appointing managers for the sale, Finance Minister, Mrs Kemi Adeosun said on Friday. The Eurobond is part of Nigeria's plans to borrow a total of 1.8 trillion naira...

MultiChoice said it has massively upgraded its contents to allow DStv subscribers get value for money, starting from 1st November, 2016. The company which revealed this at a media lunch held in Lagos recently said that from now on it will be delivering even more entertainment value to the DStv...

The nation’s leading telecommunications company MTN, accused of illegally repatriating $13.9 billion from Nigeria, said in a statement on Friday that it failed to comply with the law requiring issuance of Certificates of Capital Importation (CCIs) within 24 hours of conversion because it was an administrative requirement. According to MTN...

A turnover of 674.721 million shares worth N7.657 billion in 12,290 deals were traded this week by investors on the floor of the Exchange in contrast to a total of 1.163 billion shares valued at N9.251 billion that exchanged hands last week in 14,992 deals. The NSE All-Share Index and...

Minister of Finance, Mrs Kemi Adeosun, on Friday opened trading alongside the Rt Hon. Greg Hands MP, Minister of State for International Trade, celebrating the 3rd ‘London & Lagos Capital Markets in Partnership’ Conference. According to a news report by Mondo Vision, monitored by Business247 News Online, she was joined...

The Chairman Dangote Groups, Alhaji Aliko Dangote, has urged government at all levels to reduce the multiple taxes placed on small and medium businesses to enable them grow. In a statement in Lagos on Thursday, Dangote said that the small and medium enterprises would be able to perform better if...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 0.44 per cent, while the Year-to-Date return stood at -3.64 per cent as investors recoup N41 billion from huge losses they have suffered in the first three sessions of this week. The All-Share Index closed...

Nigeria Customs Service (NCS) has dismissed 29 senior officers for various acts of gross misconduct. The dismissed officers are among 44 senior officers punished for actions capable of compromising national economy and security. Officers affected in this exercise were said to been investigated for involvement in improper examination and release...

The World Bank has raised its 2017 forecast for crude oil prices to $55 per barrel from $53 per barrel as members of the Organization of the Petroleum Exporting Countries (OPEC) prepare to limit production after a long period of unrestrained output. Energy prices, which include oil, natural gas and...

MEC, Inc. announced today that it has entered into agreements with pan-African financial services group, United Bank for Africa Plc (UBA) to provide a revolutionary email-based billing, payment and banking software system called "EmailMoni." According to a press statement by UBA, EmailMoni represents the world's latest fin-tech for cloud banking...