Business News

Pound plunges as UK ministers quit over Brexit deal
Brexit Britain Business Business News Dollar Euro Pound

Pound plunges as UK ministers quit over Brexit deal

FILE PHOTO: British five pound banknotes.November 14, 2017. REUTERS/Benoit Tessier/File Photo The pound plunged against the dollar and euro Thursday after ministers, including Britain’s Brexit secretary Dominic Raab, quit in protest against a draft deal to exit the EU. The latest market gyrations came as the nation’s business sector gave […]

ASHON parleys Mauritius firm on capacity building, others
Acoyvis Limited ASHON Association of Stock broking Houses of Nigeria Business Business News Mauritius Patrick Ezeagu

ASHON parleys Mauritius firm on capacity building, others

Association of Stockbroking Houses of Nigeria (ASHON)<br />Photo: ashonng The Association of Stock broking Houses of Nigeria (ASHON), in an exploratory move, is seeking partnership with a leading Mauritius-based, information and communications technology ( ICT) company, Acoyvis Limited.      Acoyvis has proposed an international workshop for ASHON to address global […]

How Nigeria’s economic woes hobble continental integration
AfCFTA Afreximbank Babtunde Fashola Business Business News

How Nigeria’s economic woes hobble continental integration

• AfCFTA’s $80 billion deals in three years at stake • Afreximbank to raise trade integration projects to $25b Nigeria’s economic structure, dominated by commodities and primary products offerings, with a slow-paced, but painful infrastructure development strategy, is now running against its plans to participate in the continent’s market integration […]

Dangote takes Blockmaster cement to Edo, Delta states
Business Business News Dangote Cement Company Joseph Makoju

Dangote takes Blockmaster cement to Edo, Delta states

Dangote Dangote Cement Company has launched its new Portland limestone product, known as BlocMaster, a 42.5R grade cement designed for block moulding and all concrete needs in Edo and Delta State respectively. Addressing distributors, block moulders and building contractors, in Benin City, the state capital, the Group Managing Director, Dangote […]

‘We must step up regulations for technology-driven process’
Business Business News Mary Uduk Securities and Exchange Commission

‘We must step up regulations for technology-driven process’

Uduk Mary Uduk is the Acting Director-General of Nigeria’s Securities and Exchange Commission (SEC). The unassuming professional, whose concern is about repositioning the capital market as a resort for investment financing for the private and public sectors, told the Assistant Editor, Finance/Economy, CHIJIOKE NELSON, that it was time to step up regulations in […]

CIIN to canvass value creation at education seminar
Business Business News CIIN NEM Insurance Rufus Olubunmi Olumide Yeside Oyetayo

CIIN to canvass value creation at education seminar

Rector of College of Insurance and Financial Management, Dr. Yeside Oyetayo The Chartered Insurance Institute of Nigeria (CIIN) is set to treat stakeholders to a wholesome learning experience at its education seminar scheduled to hold between‪ November 7 and 9, 2018‬, in Oyo State. The seminar, which has been aptly themed: “Increasing […]

‘Sustainability, policy predictability key concerns for foreign investors’
Babatunde Ruwase Business Business News John Bray LCCI Ms Laure Beaufils USIDFC

‘Sustainability, policy predictability key concerns for foreign investors’

British Deputy High Commissioner, Laure Beaufils For key investments needed to spur the economy to become domiciled in the country, the Nigerian government would have to commit to its policies and sustainably implement them in line with its development goals. This was the view of operators in the private sector […]

Nigeria ranks low in META region’s ICT growth index
Business Business News ICT Jyoti Lalchandani META

Nigeria ranks low in META region’s ICT growth index

IDC Group Vice President and Regional Managing Director META, Jyoti Lalchandani Information and Communications Technology (ICT) growth index for Middle East, Turkey and Africa (META), has ranked Nigeria low behind Kenya, South Africa, and the United Arab Emirate (UAE).According to the International Data Corporation (IDC), the META region holds greater […]

‘We must support SMEs, agric initiative to end poverty’
Business Business News Heritage Bank Ifie Sekibo

‘We must support SMEs, agric initiative to end poverty’

Chief Executive Officer, Ifie Sekibo The Managing Director and Chief Executive Officer of Heritage Bank, Ifie Sekibo, has called on financial institutions and the three tiers of government to support the Small and Medium Enterprises (SMEs) and agricultural initiatives to fast track the nation’s quest to move from poverty to […]

Nigeria’s capital market can finance infrastructure, experts insist
Business Business News Energy Finance Nigeria NSE Patrick Ezeagu Transportation

Nigeria’s capital market can finance infrastructure, experts insist

Capital Market Experts and stakeholders in the financial sector have restated their calls on government at various levels, to take advantage of the multiple benefits inherent in the nation’s capital market to facilitate their respective infrastructure projects. Reiterating the market’s capacity, the stakeholders warned that in an era of fiscal […]

Tech-driven retail boosts Diamond Bank’s Q3 result
Business Business News Diamond Bank Nigerian Stock Exchange NSE Women’s World Banking WWB

Tech-driven retail boosts Diamond Bank’s Q3 result

Diamond bank<br />PHOTO: nigerianbulletin.com Diamond Bank Plc’s third quarter (Q3) financial report for the period ended September 30, 2018, has shown funds disbursement of more than N1 billion to small business owners, under the cash flow-based SME lending scheme.   The initiative, which is in partnership with the Women’s World Banking […]

Business Business News Eaton Acquisitions Limited NEM Insur Nigerian Stock Exchange

NSE fines NEM Insurance ₦575, 505 for rule violation

The Nigerian Stock Exchange has fined NEM Insurance Plc the sum of N575,505.00 for contravening Section 19:8 of its Rulebook. The section states, “The Board of Directors or Trustees of the Issuer shall give Notice of Meeting as provided in Rule 19.8(c) below, to each security holder to ensure that […]

Minister urges infrastructure boost through green bonds
Business Business News Ibrahim Usman Jibril

Minister urges infrastructure boost through green bonds

[FILE PHOTO] The first of a two-phase initiative is an On-line Assessment, in respect of which Environment Minister of State, Ibrahim Usman Jibril, officially launched recently. The Minister of State for Environment, Ibrahim Usman Jibril, has stressed the need for government and capital market stakeholders to leverage opportunities in green […]