Investors
Bitcoin falls after Tesla stops car purchases with cryptocurrency
The price of Bitcoin, the world’s most popular cryptocurrency, has witnessed a significant fall after Tesla CEO, Elon Musk, tweeted on Thursday that the electric vehicle maker would suspend car purchases using Bitcoin.
NSIA chief: How we tripled profits in 2020
The Managing Director of the Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji, Tuesday disclosed that the organisation which manages the country’s sovereign wealth fund tripled its profits in 2020.
SEC to ban unregistered capital market operators
The Securities and Exchange Commission (SEC) says it will stop operations of capital market operators (CMOs) that are yet to renew their registration by May 31, 2021.
President Buhari sends delegation to Ghana over Nigerian traders’ plight
President Muhammadu Buhari has directed that a ministerial delegation be sent to Ghana to resolve the prolonged conflict between Nigerian traders and Ghanaian authorities.
SEC bars unregistered operators from capital market after May 31
The Securities and Exchange Commission, SEC, has declared that Capital Market Operators, CMO, who fail to renew their registration before May 31, 2021, will not be allowed to operate in the market.
NEITI, CAC to name actual owners of oil and gas assets
The Nigeria Extractive Industries Transparency Initiative (NEITI) and the Corporate Affairs Commission (CAC) are set to establish a joint coordination committee to disclose real owners of oil, gas and mining assets in the country.
NEITI, CAC partner to check tax evasion, terrorism financing
The Nigeria Extractive Industries Transparency Initiative, NEITI, has said that it will be working with the Corporate Affairs Commission, CAC, to identify, document and disclose the real owners of Nigeria’s oil, gas and mining assets under the country’s implementation of Beneficial Ownership policy of the global extractive industries transparency initiative.
Abia governor distributes business name certificates to SMEs
Gov. Okezie Ikpeazu of Abia on Friday began the distribution of business name certificates to Small and Medium-Scale Enterprises (SMEs) to boost wealth creation and development in the state.
Governor Lalong lauds NAF for establishing search, rescue base in Plateau
Governor Simon Lalong has commended the Nigerian Airforce for establishing a search and rescue base in Plateau State.
Rice farmers oppose return of impounded commodity to traders
Rice farmers under the umbrella of the Rice Processors Association of Nigeria (RIPAN), yesterday kicked against the directive by the Senate Committee on Ethics, Privileges and Public Petitions, to the Nigeria Customs Service (NCS) to return the smuggled goods it impounded from rice traders’ shops in Ibadan, Oyo State.
Lagos commodities exchange set to list first gold instrument
The Lagos Commodities and Futures Exchange (LCFE) has concluded plans to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying asset in a sector worth over N300 trillion.
New FRC boss vows to enforce accounting standards in SEC, CBN, PenCom, others
The newly appointed Executive Secretary/Chief Executive, Financial Reporting Council of Nigeria (FRCN), Alhaji Shuaibu Ahmed, Thursday said he is committed to the enforcement of accounting standards, supervision and collaboration with regulatory supervisory bodies including the Securities and Exchange Commission (SEC), Central Bank of Nigeria (CBN) and the National Pension Commission (PenCom).
Nigerian fintech companies secured most investments in Africa – report
Nigerian fintech companies accrued most investments on the continent despite the impact of coronavirus pandemic in 2020.
Food scarcity: Why President Buhari must assent to PVP bill now – experts
The Nigerian Economic Summit Group (NESG) and the National Agricultural Seeds Council (NASC) in collaboration with the Alliance for a Green Revolution in Africa (AGRA) have called on President Muhammadu Buhari to assent to the Plant Variety Protection (PVP) Bill now, stressing that it will unlock potentials across Nigeria’s Agricultural ecosystem while protecting farmers.
Kenya and Tanzania ease cross-border business rules as relations thaw
Kenya will waive work and business permits for investors from its neighbour Tanzania, President Uhuru Kenyatta said on Wednesday, as his counterpart made similar overtures in a thawing of often frosty relations between the two countries.
Grobank formally becomes Access Bank South Africa
Following the completion of all regulatory procedures, Grobank Limited has been officially renamed Access Bank South Africa Limited. The deal was finalised after Access Bank’s acquisition of controlling shares in the former Grobank Limited, South Africa.
Oyo monarch: Selling land to foreigners fuelling insecurity
Tthe Aseyin of Iseyin, Oba Abdganiy Adekunle Oloogunebi, says that selling native land to foreigners, particularly from Niger, Chad, Cameroon and other neighbouring countries, has fuelled insecurity in Oyo State, as he called on residents of the state verify the nationality of prospective land buyers.
Dangote Cement major contributor to senegal’s economy – envoy
Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the Cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria.
NBS, NPA sign MoU on data collection, analytics at ports
The National Bureau of Statistics (NBS) and the Nigerian Ports Authority (NPA) have signed a Memorandum of Understanding (MoU) to improve data collection and analytics on port related activities.
NGX records N419 billion growth in April
The market capitalisation of the Nigerian Stock (NGX) recorded a growth of N419 billion in April due to impressive first quarter results declared by some companies.
DPR pledges commitment to oil sector investments
The Department of Petroleum Resources (DPR) has said it will continue to guarantee investments, enable participation and authorise activities in the Nigeria oil and gas industry.
Dangote Cement major contributor to Senegal’s economic development – envoy
Dangote Cement Plc’s huge investment has been described as one of the major contributors to the development of the Senegalese economy. Besides, the cement plant located in Pout, 60 kilometres away from Dakar, has greatly assisted in strengthening the business relationship between Senegal and Nigeria.
Recent Stories
Israel-Palestine crisis: Nigeria asks parties to de-escalate hostilities
Amidst growing crisis between the State of Israel and the State of Palestine, the Federal Government of Nigeria, has called on both sides to de-escalate hostilities.
James Ibori ‘funds’: AGF being manipulated by British government – group
A socio-political group, Rescue Nigeria Economy Project, says that the Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami, is being manipulated by the British Government on the repatriation of £4.2 million allegedly seized from Chief James Ibori, a former governor of Delta State.
Group backs Southern governors’ resolutions on restructuring, open grazing, others
The Save Enugu Youth Initiatives has commended the recent resolutions by the Southern Governors’ Forum, at Asaba in Delta State, where the governors recommended restructuring, state policing and the jettisoning of open grazing as panacea for the lingering insecurity across the federation.
Pro-Buhari group asks Southern governors to take case to National Assembly
The Buhari Media Organisation (BMO) has asked governors, politicians and political office holders to stop playing to the gallery and do the politically correct thing by channeling their thoughts and desires appropriately.
Hugo Broos offers hope to ageing players in Bafana rebuild
After initially stating that he is starting a new project with younger players, the coach’s remarks were widely interpreted as meaning he might not have a place in his team for players above the age of 30.
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Dayot Upamecano reveals he wanted to sign for Manchester United
Dayot Upamecano has admitted that he wanted to link up with Manchester United at the age of 17, but was talked out of a move by his parents and is now Bayern Munich-bound.
NIS rescues 33 human trafficking victims in Katsina border communities
The Katsina State Command of the Nigeria Immigration Service (NIS) has apprehended four suspected human traffickers and rescued 33 victims in border communities across the state between March 19 and May 7, 2021.
Edo PDP: Governor Obaseki meets SWC, review position on party leaderships dissolution
Apparently upset by the negative reactions that greeted his recent meeting with some leaders of the Peoples Democratic Party (PDP) where it was resolved that the leadership of the party from the ward to the state level would be dissolved to accommodate his loyalists who came with him from the All Progressives Congress (APC), Governor Godwin Obaseki it was gathered may have beat a retreat as he met with State Working Committee (SWC) in government house on Wednesday.
Deregistration: INEC misleading public on Supreme Court’s judgment – CUPP
The Coalition of United Political Parties, CUPP, has accused the Independent National Electoral Commission, NEC, of misleading the public over the judgment of the Supreme Court on Friday, May 7, 2021, which upheld the deregistration of National Unity Party, NUP.
Bird flu: Bauchi government kills 27,000 birds to curtail spread
Samaila Burga, Chairman, Technical Committee on the Control of Avian Influenza, said the Bauchi government has killed about 27,000 birds to curtail the spread of Bird flu in the State.