Business

Connect Nigeria, in collaboration with Union Bank, one of Nigeria’s most trusted financial institutions, has announced the release of the Top 100 Emerging SMEs list. The Top 100 Emerging SMEs initiative which was launched in February at the annual Connect Nigeria eBusiness fair for Small to Medium Enterprises (SMEs), aims to identify and celebrate some of Nigeria’s upcoming SMEs who …

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Dr Dakuku Peterside, Director-General of Nigerian Maritime Administration and Safety Agency (NIMASA) says the agency is targeting N109 billion as revenue in 2018. He said this while speaking on the 2018 budget before the Senate Committee on Marine Transport in Abuja on Thursday. According to him, the agency was optimistic it will generate N109 billion as revenue in 2018. Peterside …

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Pan-African financial services group, United Bank for Africa Plc, has once again made an addition to its growing list of enviable laurels as it was named Africa’s best bank  in the Digital category at the prestigious Euromoney awards in London.  This further lends credence to UBA’s dominance in the digital banking space. The Euromoney awards ceremony which was held on Wednesday, July …

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Photo Caption: From Left;  General Secretary, Association of Stockbroking Houses of Nigeria, Mr Sam Onukwue, Chairman, Chief Onyewechukwu Ezeagu and Acting, Director General, Securities and Exchange Commission (SEC) Ms. Mary Uduk during a Meeting between SEC and Association of Stockbroking Houses of Nigeria (ASHON) in Abuja Tuesday 

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The African Development Bank on Tuesday unveiled a plan to close the $130 billion gap in infrastructure financing in Nigeria and other African countries. The plan, which was unveiled at the Africa Infrastructure Forum Roadshow held in Abuja on Tuesday, will take full shape at the African Investment Forum scheduled to hold in Johannesburg, South Africa in November. According to …

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First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc is to exercise its option to call the $300 million 8.25 per cent subordinated notes (Eurobond) raised from the international debt markets before the due date of August 2020. In a filing to the Nigerian Stock Exchange (NSE) signed by the Company Secretary of FBN Holdings, Mr. Seye Kosoko, …

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This ‘big picture’ analysis will look at what has happened in the economy and the stock market in Nigeria in 2018, why it is happening and how to make the best of the present situation.  Nigeria’s economy rose by 1.95% in Q1 2018, slightly below the revised figure of 2.1% for the fourth quarter of 2017. Q1 2018 is Nigeria’s …

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The interbank foreign exchange market on Tuesday received the sum of $210 million from the Central Bank of Nigeria (CBN), to meet customers’ requests in various segments of the market. In its determination to meet the customers’ needs in the sundry segments of the market, the CBN offered $100 million to authorised dealers in the wholesale segment of the market, …

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A total of $5.45 billion taken from shareholders by the Nigerian Liquefied Natural Gas (NLNG) to build its six existing LNG trains have been fully paid without any default, the Chairman of the the NLNG board, Dr. Osobonye LongJohn, has disclosed. LongJohn made the disclosure on Wednesday in London, where the company held a meeting with its shareholders and investors …

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Photo Caption: From Left; Representative of the Minister of Federal Capital Territory (FCT), Mr. Chinyaka Oha (left); Permanent Secretary, Ministry of Finance, Dr. Mahmoud Isa-Dutse; President of African Export Import Bank (Afreximbank), Dr. Benedict Oramah and the Minister of Finance, Mrs. Kemi Adeosun, during the ground breaking ceremony of Afreximbank’s Abuja Office on Tuesday, 10th July, 2018.

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