A West African bloc called on Nigeria and other countries to undergo “necessary structural reforms” to improve their economies, as a collapse in oil and commodity prices continues to cripple economic growth. Nigeria and other member countries should “take appropriate economic and financial stimulus measures in order to be less vulnerable to commodity price fluctuations …
ECOWAS urges Nigeria, others to reform economies Read More »
Investors on the Nigerian Stock Exchange, NSE, have gained N468 billion in three weeks, as the positive run in the stock market continued last week. This sharply contracts the N660 billion loss suffered by investors last month on the NSE. Data from the NSE showed that market capitalization, which represents total value of all listed …
Stock market rebounds as investors net N468bn in 3 weeks Read More »
The Chief Executive Officer of MTN Nigeria, Ferdinand Moolman last week appealed to the senate to consider the Data price floor as set by the Nigerian Communications Commission, NCC, saying that data price is among the lowest in the continent. Moolman who made presentations in Abuja, at the Senate hearing on Data price floor, also …
Approve NCC’s Data price floor- MTN urges senate Read More »
Nigeria plans to sell 95 billion naira ($302 million) worth of bonds on Dec. 14, its last debt auction for the year, the Debt Management Office (DMO) said on Tuesday. The office said it would sell 35 billion naira of a bond maturing in 2036, 25 billion naira of paper maturing in 2026 and 35 …
Port operations in the country have been hit by hike in import duties of vehicles and rice as well as the introduction of a fish quota system by the administration of former President Goodluck Jonathan. Seaport operators disclosed this in a statement on Sunday in Lagos and decried the effects of prolonged low activities at …
Port operators decry high Customs duty, CBN forex regime Read More »
Following an injection of naira liquidity into the banking system, Nigeria’s overnight lending rate dropped sharply to an average of 3.9 percent on Friday from 10 percent a week ago. A total of 454 billion naira ($1.49 billion) in debt refund to state governments and matured treasury bills entered the system this week, raising liquidity …
Nigeria’s overnight lending rate falls sharply on naira injection Read More »
The Central Bank of Nigeria (CBN) and the Nigerian Deposit Insurance Corporation (NDIC) have commissioned a study on the establishment of an institution that would take after the Asset Management Company of Nigeria (AMCON) at its expiration. The institution, which is being scripted as a private sector-led initiative to avoid the use of public fund …
CBN, NDIC plan AMCON’s replacement, Warn on Bitcoin transactions Read More »
Every year, Award Winning Rosabon Financial Services, Nigeria’s foremost non-banking financial intermediary firm, organizes end of the year promotions for its customers to appreciate and reward them for their continuous patronage. This year we decided to give our customers a wonderful treat to ease them of the stress they may have encountered, especially with the …
ENJOY A RELAXING CHRISTMAS WITH THE EMBER LOAN PROMO Read More »
Hold your horses! Take a break from your busy day and get an eyeful at what went down on the 27th of November, 2016. It was a spectacle indeed as “The Cobalt Tie Dinner” was hosted by The Concept Group specially for its exclusive Clienteles. There’s nothing more exciting than when a group of like-minded …
THE Minister of Finance, Kemi Adeosun, last week said that the federal government will propose reduction in the income tax rate applicable to the Micro, Small and Medium Enterprises, MSMEs, as an incentive to encourage compliance and promote the sector. The minister said this in Lagos, at a Coalition of MSMEs stakeholder Public Private Dialogue, …
