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Lagos State Commissioner for Education, Mrs. Folasade Adefisayo has warned parents against allowing their wards to patronize private tutorial centres during the period of schools closure.

Lagos initiates audio/visual learning programmes

As parts of measures to control the spread of Coronavirus, the Lagos State government is set to launch learning media programmes to keep children busy while schools are closed indefinitely.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC unveils regulatory framework for crowdfunding

In a bid to further deepen the nation’s capital market and enable it provide development capital for medium and small-scale enterprises of the economy, the Securities and Exchange Commission (SEC), at the weekend unveiled an exposure draft of its regulatory framework for crowd funding in the country.

Nigeria’s central bank halts forex sales to bureaux de change

The Central Bank of Nigeria (CBN) has suspended sales of foreign exchange to Bureau de Change (BDCs) until the COVID-19 pestilence is over.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE extends filing of 2019 results

The Nigerian Stock Exchange has granted a 60-day grace period to companies for the submission of Audited Financial Statements due March 30, following disruptions by COVID-19.
Nigeria Naira

Naira: It’s currency adjustment, not devaluation – central bank

The Central Bank of Nigeria (CBN) said Friday’s decision to peg the exchange rate of the Naira at N380 to the dollar is not a devaluation of the Nigerian currency.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Nigeria’s central bank rolls out new forex regulation

As the battle to save the Naira from a free fall ensues, the Central Bank of Nigeria (CBN) has resumed a weekly rate regulation, with independent money transfer operations ordered to sale at N376/$1 to banks while end-users will get the US Dollar at N380.
Nigeria Naira

Nigeria ‘devalues’ naira as analysts asses market situation

As the Coronavirus, COVID-19, pandemic continues to take a toll on the Nigerian economy, the Central Bank of Nigeria, CBN, has technically devalued the naira to reflect market conditions as analysts and market operators said they are not surprised.

Heritage Bank, GEZAWA set to transform Nigeria’s agric sector

The Nigerian agricultural sector is set to witness a huge growth, as Heritage Bank Plc the lead settlement bank for Gezawa Commodity Market (GCMX) has collaborated with key stakeholders to revolutionise agricultural value-chain, aimed at providing fully integrated ecosystem for commodity Exchange.
Nigerian Stock Exchange NSE

NSE launches comic book to boost financial literacy

The Nigerian Stock Exchange (NSE) on Wednesday announced the publication of the maiden edition of StockTown, a comic book aimed at promoting financial literacy in Nigeria.
Nigeria Stock Exchange

NSE unveils growth board for startups, SMEs to deepen nation’s capital market

Mr Oscar Onyema, NSE Chief Executive Officer, said at the official launch of the board in Lagos that the initiative was in line with the Federal Government’s diversification drive for economic growth and development.
L-R: Deputy Company Secretary, Dangote Cement Plc, Edward Imoedemhe; Chairman, Dangote Cement Plc, Aliko Dangote; Group Managing Director/CEO, Dangote Cement Plc, Engr. Joseph Makoju; and Non-Executive Director, Dangote Cement Plc, Olakunle Alake at the Dangote Cement Plc Extra-Ordinary General Meeting held in Lagos on Wednesday, January 22, 2020

Dangote Cement praised by shareholders on buyback plans

Desire of the Management of Dangote Cement to ‘buy back’ 10 per cent of its entire issued shares from shareholders was unanimously granted on Wednesday as the company’s shareholders’ voted in support of the ‘share buy back’ plans. Dangote Cement, which currently has 17.04 billion fully paid up ordinary shares of 50 kobo each, would be buying back 1.70 billion shares.
An economist, Prof. Sheriffdeen Tella, on Friday urged the Central Bank of Nigeria (CBN) to pursue policies geared toward credit expansion for private sector in 2020.

2020: Economist tasks central bank on credit expansion policies for private sector

An economist, Prof. Sheriffdeen Tella, on Friday urged the Central Bank of Nigeria (CBN) to pursue policies geared toward credit expansion for private sector in 2020.

Experts advise governments to use capital market for infrastructure funding

Private and public sectors experts have advised governments at all levels to use the capital market to bridge funding gap and develop much-needed infrastructure.

Central bank makes new appointment

The Central Bank of Nigeria (CBN) has appointed Ahmed Bello Umar as the new Director, Currency Operations.
The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the Federal Government will welcome long-term agribusiness activities coming from Russia to Nigeria.

We’re addressing your concerns – Nigeria tells US investors

The Federal Government has assured existing and potential American investors of its commitment to addressing issues of corruption, political instability and insecurity in the country.

DBN, NSE partner to create capacity for MSMEs

The Development Bank of Nigeria (DBN) has announced that it is partnering with the Nigerian Stock Exchange to explore ways in building capacity and bringing Micro Small and Medium Enterprises (MSMEs) to the floor of the Exchange.

Godwin Emefiele: CBN’s unconventional growth policy paying off

Central Bank of Nigeria Governor, Godwin Emefiele, has said that ensuring price stability and growing the nation’s economy through unconventional policy is paying off.
Nigerian Stock Exchange NSE

Nigerian Stock Exchange lists federal government N15 billion 7-year green bond

The Nigerian Stock Exchange (NSE) has listed the Federal Government of Nigerian (FGN) N15 billion Green Bond. The bond has a coupon rate of 14.50 per cent on June 13, 2019 and is due to mature on June 13, 2026.

Recent Stories

Coronavirus: 20 million jobs under threat in Africa – AU

About 20 million jobs are at risk in Africa as the continent’s economies are projected to shrink this year due to the impact of the coronavirus pandemic, according an African Union (AU) study.
Chancellor Angela Merkel called on Germans to cancel any holidays at home and abroad, while president Frank-Walter Steinmeier told people to “stay at home”.

Germany plans to relax coronavirus lockdown after April 19

Germany has drawn up a list of steps, including mandatory mask-wearing in public, limits on gatherings and the rapid tracing of infection chains, to help enable a phased return to normal life after its coronavirus lockdown is set to end on April 19.
Super Eagles goalkeeper Daniel Akpeyi has continued his good run of form between the sticks as he kept his fourth consecutive clean sheet in the league when Kaizer Chiefs ran out 2-0 winners against Chippa United in an ABSA Premiership clash at Nelson Mandela Bay Stadium on Wednesday.

Super Eagles shot-stopper set to leave South Africa for Belgium

Super Eagles shot-stopper Daniel Akpeyi set to leave South African club Kaizer Chiefs for unknown Belgium team this summer.

Nigerian polytechnic students reject government’s plans to invite Chinese doctors

Polytechnic students under the aegis of the National Association of Polytechnic Students (NAPS) have rejected plan by the Federal Government to invite Chinese doctors to help contain the coronavirus pandemic in the country.
The National Union of Textile Garment and Tailoring Workers of Nigeria held a peaceful protest in Lagos on Tuesday to mark the 40th anniversary of the organisation.

NLC expresses worry over huge jobs loss after pandemic

The Nigeria Labour Congress (NLC) has expressed worries over the implications of the lockdown, due to Coronavirus pandemic, on jobs security in the country.