Shareholders of AfDB approve $115b capital increase

African Development Bank Shareholders have approved 115 billion dollars Capital increase to stimulate Africa’s development and growth. A statement issued by the bank said that the approval was given at an extraordinary shareholders’…

Nigerian Stock Exchange Market indices rebound by 0.09%

The Nigerian Stock Exchange (NSE) crucial market indicators rebounded by 0.09 per cent on renewed bargain hunting on some blue chips, after prolonged days of bearish trend. The News Agency of Nigeria (NAN) reports that the All-Share…

NIPC collates $9.29bn investments in 3rd quarter of 2019

Ms Yewande Sadiku, NIPC Executive Secretary made this known on Friday in Abuja at a news conference. Presenting the investment report, Sadiku said that a total of 13 projects across four states and offshore Nigeria were announced by…

NSE: Trading maintains rough trend, indices dip by 0.19%

The bears maintained dominance on the Nigerian Stock Exchange (NSE) for the fifth consecutive day with the market indicators dropping by 0.19 per cent. The News Agency of Nigeria (NAN) reports that the All-Share Index on Friday lost…

FG woos investors at GITEX 2019

The Federal Government of Nigeria at the ongoing 39th Gulf Information Technology Exhibition (GITEX) has invited investors to leverage on the potential of Nigeria to do businesses for the boosting of its digital economy. Dr Isa Pantami,…

Nigerian Stock Market indices dip further by 0.45%

Activities on the nation’s bourse resumed for the week on Monday still on negative territory with crucial market indicators dropping further by 0.45 per cent. Specifically, the market capitalisation lost N59 billion or 0.45 per cent to…

U.S. President, Donald Trump signs trade deal with Japan

U.S. President Donald Trump on Monday signed a new trade deal with Japan, the White House said. The countries had announced an initial deal in September, including increased access to Japanese markets for U.S. agricultural producers.…

CBN injects $311.5m, CNY15m into forex market

The Central Bank of Nigeria (CBN) made an intervention of 311.5million dollars in the Retail Secondary Market Intervention Sales (SMIS) and 15 million Chinese Yuan in the spot and short-tenured forwards segment of the inter-bank foreign…

Kenyan e-logistics coy, LORI expands market to Nigeria

A Kenyan e-logistics company, Lori, has officially announced its expansion to Nigeria in a bid to cement its footprint across Africa. The Chief Operating Officer, Uche Ogboi, said Lori’s mission was to reduce the high cost of…

Innoson Motors releases list of main patrons in Nigeria

Chief Innocent Chukwuma, Chairman, Innoson Group of Companies Nigeria limited, said the Buhari administration has given enormous patronage and support to his firm, Innoson Vehicle Manufacturing (IVM). Chukwuma made the disclosure in an…

Online market for farmers launched, targets 1m jobs

In a bid to curb the wastages experienced by Nigerian farmers and encourage youths to embrace agriculture, an online Farmers’ Market has been launched to link farmers directly with buyers. The platform which is targeted at helping…

Traders have lost N15bn to border closure – Igbo group

The Ndigbo Unity Forum (NUF), a pan-Igbo socio-political group, claimed that traders have lost about N15 billion since Nigerian authorities shut the borders with neighbouring countries. The President of NUF, Mr Augustine Chukwudum,…

DisCos pay all applicable taxes – ANED

The Association of Nigerian Electricity Distributors (ANED), says Electricity Distribution Companies (DisCos) do not default  in payment of applicable taxes to government. ANED’s Executive Director ,Research and Advocacy ,Mr Sunday…

NSE market indices makes recovery by 1.09%

The crucial market indicators of the Nigerian Stock Exchange rebounded on Thursday after three consecutive days loss following Nestle and Seplat price rallies. The News Agency of Nigeria (NAN) reports that the market capitalisation…

Africa: AfDB to scrap coal power stations

Dr Akinwumi Adesina, President, African Development Bank (AfDB) has revealed plans to scrap coal power stations across Africa and switch to renewable energy. According to a statement issued on Wednesday by the bank, Adesina revealed…

First Bank Nigeria to engage 500,000 agents

The Chief Executive Officer (CEO), First Bank Nigeria PLC, Dr Adesola Adeduntan, said the bank will engage 500,000 agents across the country to ensure that its services were made available to people in every nook and cranny. Adeduntan…

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