Tag: Business News

Stable exchange rate best choice for Nigeria – Emefiele
Business Business News CBN Central Bank of Nigeria dollars Mr. Godwin Emefiele Naira Nigeria Stock Exchange

Stable exchange rate best choice for Nigeria – Emefiele

[FILE] The Guardian Economic Personality of the Year 2017, Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele addressing the audience during the award in Lagos at the weekend. PHOTO: AYODELE ADENIRAN<br /> The Central Bank of Nigeria (CBN) governor, Mr Godwin Emefiele, says maintaining stable exchange rate to […]

Total affirms commitment to sustainable economic agenda
Business Business News Corporate Social Responsibility Dr. Charles Ngeribara Total United Nations

Total affirms commitment to sustainable economic agenda

To actively support nation-building efforts in line with the United Nations’ (UN) Sustainable Development Goals (SDGs), Total E&P Nigeria has reiterated its commitment to providing employment opportunities through capacity building, and ensuring sustainable economic growth. Total explained that such capacity-building is one of the ways to transform the society through […]

Trade war threatens outlook for global shipping, U.N warns
Business Business News U.N UNCTAD United Nations Conference on Trade and Development

Trade war threatens outlook for global shipping, U.N warns

UNCTAD Secretary-General, Mukhisa Kituyi The United Nations Conference on Trade and Development (UNCTAD) has raised concerns over the impending implications of the trade war between United States and China, on the shipping industry. According to the Review of Maritime Transport 2018 reports, UNCTAD said the tariff battles will potentially disrupt […]

PropertyPro.ng set to hold 3rd edition of Lagos Home and Property Festival
Business Business News Lagos Home and Property Festival PropertyPro.ng

PropertyPro.ng set to hold 3rd edition of Lagos Home and Property Festival

L-R: Colins Oforgu the Head of Media and Exhibitions at PropertyPro.ng, Sulaiman Balogun, the Chief Business Officer of PropertyPro and Fikayo Ogundipe, the Chief Executive Officer of PropertyPro. PropertyPro.ng, an online real estate company, on Tuesday the 8th day of October 2018 at Maison Fahrenheit Hotel, Victoria Island, Lagos, officially […]

Business Business News Glory Etaduovie IEI Anchor Pensions Limited

PFA tasks government on policies for pension assets’ management

IEI Anchor Pensions Limited has called on government to initiate policies that would allow it take advantage of the more than N8.2 trillion pension assets. The Managing Director/Chief Executive Officer of the company, Glory Etaduovie, said that would allow government to borrow from the pension fund to fix the country’s […]

Access Bank, Microsoft harp on improved banking practices
Access Bank Business Business News Herbert Wigwe Microsoft

Access Bank, Microsoft harp on improved banking practices

Microsoft Group Managing Director, Access Bank Plc, Herbert Wigwe, has re-emphasized the Bank’s commitment to improving financial practices in Nigeria and Africa, by leveraging massively on technology.   He stated this during a strategic meeting with the Chief Executive Officer of Microsoft, Satya Nadella, in Seattle, United states of American. […]

Firm proposes strategy for capital market rebound
Business Business News Capital Bancorp Plc Capital Market Tola Mobolurin

Firm proposes strategy for capital market rebound

Capital Market Investment expert and Chairman, Capital Bancorp Plc, Tola Mobolurin, has urged government to skew its economic reforms toward boosting investors’ confidence to re-position Nigeria’s capital market amid harsh operating environment .      Besides, Mobolurin, who attributed Capital Bancorp’s achievements spanning 30 years corporate existence to adherence to […]

At 58, equity investors warn against political interference
Business Business News NSE Securities and Exchange Commission

At 58, equity investors warn against political interference

Securities and Exchange Commission As the nation marks 58 years of existence, stakeholders in the nation’s capital market have stressed the need for government to step up policy implementation as well as tackle perennial economic policy uncertainties impacting negatively on investment and Nigerian business environment to spur activities in the […]

Investors’ wealth depreciate by N105b in three trading days
Business Business News Fidelity Bank Nigerian Stock Exchange NSE

Investors’ wealth depreciate by N105b in three trading days

NSE Following persistent sell pressure on the Nigerian Stock Exchange (NSE), equity transactions continued on a downward note yesterday, as investors wealth depreciated by N105 billion in three trading days. Specifically, the market capitalisation of listed equity dropped by N105 billion or 0.9 per cent to N11.837 trillion from N11.942 […]

NSE indices extend losses by N94 billion
Business Business News Dangote Cement Nigerian Breweries Nigerian Stock Exchange Unilever Nigeria

NSE indices extend losses by N94 billion

Head of Information and Security, Nigeria Stock Exchange (NSE), Favour Femi-Oyewole(left); Head, Shared Services Division, NSE, Bola Adeeko; President, Nigerian Gas Association (NGA), Engr. Dada Thomas; NGA’s First Vice President, Audrey Joe-Ezigbo and NGA’s Secretary General, Mina Abiodun during the sounding of the closing gong at NSE, Lagos, ahead of […]

CBN, IMF, FMDA harp on economic reforms
Business Business News CBN FMDA Godwin Emefiele IMF

CBN, IMF, FMDA harp on economic reforms

Central Bank of Nigeria The Central Bank of Nigeria (CBN), International Monetary Fund (IMF), and Financial Market Dealers Association (FMDA), were unanimous in calling for a rule-based financial system, compliance and support for the nation’s economy to ensure overall stability.   CBN Governor, Godwin Emefiele, said the adoption of risk-focused […]

Stakeholders see PoS solutions drive growth in retail sector
Business Business News Global Accelerex Limited NIBSS Nigeria Inter Bank Settlement Systems Payment Terminal Service Providers PTSP

Stakeholders see PoS solutions drive growth in retail sector

NIBS Stakeholders in the Nigerian payment industry have said that solutions that guarantee immediate value for customers and merchants alike will drive growth and expansion in the retail sector of the economy, in line with global trends. Merchants were also encouraged to be positive in their approach towards the adoption […]

MTN may scrap Nigerian IPO as dispute weighs on shares
Business Business News MTN Group Ltd Ralph Mupita

MTN may scrap Nigerian IPO as dispute weighs on shares

Ralph Mupita, chief financial officer of MTN Group Ltd. Photographer: Waldo Swiegers/Bloomberg MTN Group Ltd., the wireless carrier facing a combined $10 billion in claims from Nigerian authorities, said it may no longer seek to raise capital through an initial public offering on the country’s stock exchange. Africa’s largest mobile-phone […]

‘Why Heritage Bank supports youth initiatives
Business Business News Heritage Bank The Next Titan youths

‘Why Heritage Bank supports youth initiatives

Heritage Bank Heritage Bank has said its sponsorship interest in youth entrepreneurial initiatives, particularly, “The Next Titan’s”, a reality television show, is driven by faith in the ability and willingness of the youths to contribute to Nigeria’s economic growth.   The Managing Director of Heritage Bank, Ifie Sekibo, who made […]