Latest Nigeria Business News
African Export-Import Bank (Afreximbank), has instituted a $1billion Agreement for the African Continental Free Trade Area (AfCFTA) Adjustment Facility to enable countries adjust in an orderly manner to sudden tariff revenue losses as a result of the implementation of the AfCFTA. Afreximbank President, Prof. Benedict Oramah, who addressed the 12th Extraordinary Summit of African Union […]
Six oil depots with assets valued at over N1trillion have been audited by the Department of Petroleum Resources (DPR) in Lagos State. The oil sector regulator carried out safety audit of the depot facilities located on the Ijegun axis of the state after the weekend fire outbreak. It said it was in line with its annual […]
Access Bank Plc has emerged winner of the 2019 GBA Women’s Market Champion Impact Award for its efforts towards providing opportunities for women. Organised by the Global Banking Alliance for Women (now Financial Alliance for Women) in Paris, the award contributed to a growing list of recognition for Access Bank, a statement said on Thursday. […]
the Nigerian Export Import Bank has commenced the implementation of a loan scheme for women in the export business. The bank said it was targeting disbursement of N3bn loans to women in export business before the end of 2019. A representative of the bank, Kelechi Nwabuozo, disclosed this to our correspondent on the sidelines of […]
Fidson Healthcare Plc has listed additional 586,360,250 ordinary shares on the Nigerian Stock Exchange. The NSE, in a notice on Monday, said the listing of the shares was by way of a rights issue. Fidson had proposed a rights issue of 750 million ordinary shares of 50 kobo each at N4 per share on the […]
The Nigerian Stock Exchange brought together over 650 runners from over 60 companies for the 6th edition of its corporate challenge, tagged ‘e-Race Cancer’. The NSE Corporate Challenge, which was instituted in 2014, is a one-day event designed to create awareness on the early detection of cancer and raise funds to support the fight against […]
The Chartered Institute of Stockbrokers has inducted the acting Director General of the Securities and Exchange Commission, Ms Mary Uduk, as an associate member. Uduk, while speaking during her induction, urged members of the institute to continue to uphold the tenets of the noble profession and strive to contribute to the growth of their respective […]
The nation’s stock market on Monday witnessed a rebound as investors gained N7bn on the back of price appreciation recorded in Flour Mills of Nigeria Plc, Unity Bank Plc and 15 other stocks. The market, which recorded losses totalling N304bn last week, saw its capitalisation increase to N12.909tn from N12.902tn on Friday. The All Share […]
The Special Presidential Investigation Panel for the Recovery of Public Property says an oil giant, Mobil Producing Nigeria Unlimited (ExxonMobil), is indebted to the Federal Government to the tune of $1.6bn, The PUNCH reported. The money translates to about N684bn at N360 to $1 exchange rate. According to the panel, which is led by Mr Okoi Obono-Obla, […]
The Central Bank of Nigeria on Monday unveiled strategies to unlock the potential of poultry producers through a University-based Poultry Revival Programme. The objective is to produce chicken and egg to reduce importation and close the existing demand and supply gaps. The programme would also assist in raising a new crop of agropreneurs in modern […]