Financial technology platform, PalmPay, has called for strategic collaborations in the the financial sector to drive inclusion. This was disclosed during the 2023 annual conference of the Finance Correspondents Association of Nigeria with the theme ‘Strengthening Digital Infrastructure for an Efficient Innovative Payment System in Nigeria,’which held in Lagos. Head of Operations at PalmPay, Foluso […]

The World Bank has approved a fresh $700m loan for Nigeria to enhance adolescent girls’ learning and empowerment. It disclosed this in a statement published on its website on Friday. The new loan is to provide additional funds for an ongoing project known as the Adolescent Girls Initiative for Learning and Empowerment. The statement read, […]

Nigeria’s trade with the rest of Africa increased by 40.8 percent Year-on-Year (YoY) in the first half of 2023 (H1’23) to N1.839 trillion from N1.306 trillion recorded in the corresponding period of 2022 (H1’22). This represents a reversal in the declining trend of the nation’s intra-African trade over the same period since 2020, in terms of […]

  The Federal Government through the Ministry of Communications, Innovation and Digital Economy has said it intends to collaborate with Nigerian Exchange Limited (NGX) to stimulate startup listings with the newly created NGX Technology Board.   The Minister of Communications, Innovation and Digital Economy, Bosun Tijani, stated this during a tech event themed; Invest in […]

The decline in Nigeria’s raw material exports by N285 billion on a year-on-year basis can be attributed to the government’s neglect of the productive sector, the Manufacturers Association of Nigeria has declared. An analysis of Foreign Trade Statistics published by the National Bureau of Statistics showed raw materials exports fell to N345.5bn in the first […]

Turnover at the FMDQ Securities Exchange market stood at N17.68tn in August. The figure represents a month-on-month decrease of 11.24 per cent, which amounts to N2.24tn less than the figure in July 2023. This was revealed in its monthly market report obtained by The PUNCH on Thursday. The report showed a year-on-year increase of 13.84 […]

•Petrol price to rise again as naira nears N1,000, crude oil hits $95, IPMAN warns •Operators commend government for subsidy proposal, CSOs oppose fresh subsidy The Federal Government may spend about N1.68tn as subsidy on Premium Motor Spirit, popularly called petrol, from September to December this year, an analysis of data provided by oil marketers […]

About N205.002 billion will be wiped from the Nigerian Exchange Limited (NGX) equities capitalization following the planned delisting of GlaxoSmithKline (GSK) Plc, PZ Cusson Plc, Oando Plc, Coronation Insurance Plc, and Capital Hotel Plc, from the stock market. The proposed delisting of the companies comes barely two months after the delisting of Ardova Plc’s 1.31 billion […]

The Central Bank of Nigeria has introduced a new online platform for the submission of microfinance bank licence applications. According to a statement on Wednesday by the bank’s Director, Corporate Communications, Isa AbdulMumin, the platform is known as the CBN Licensing, Approval and other Requests Portal or CBN LARP. The statement added, “The new online […]

Chams Holding Company Plc has unveiled its key achievements at the backdrop of the tough operating environments. Addressing the Management of Nigerian Exchange Limited ( NGX) and stockbrokers during the company’s facts behind the figures event at the stock exchange in Lagos last the weekend, the    Group Managing Director, Mrs Mayowa Olaniyan, listed seven […]