Home Topics Investors

Investors

Bitcoin hit a record-high above $43,000 on Monday after electric carmaker Tesla invested $1.5 billion in the digital currency.

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 Muhammadu Buhari is currently presiding over the 43rd virtual Federal Executive Council, meeting at the First Lady Conference Room, Presidential Villa Abuja.

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.
The Civil Society Legislative Advocacy Center, CISLAC, Thursday, hailed President Muhammadu Buhari over the appointment of Dr Orji Ogbonnaya Orji as Executive Secretary of Nigeria Extractive Industries Transparency Initiative, NEITI.

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.
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.

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.
Governor Okezie Ikpeazu of Abia State has approved the deployment of modern technology in the security system to fight crimes in the State.

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.
Plateau Governor Simon Lalong

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.
Nigeria Customs Service (NCS) has listed some communities inKwara and Niger as notorious for smuggling activities over the years.

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.
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.

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.
The Financial Reporting Council of Nigeria (FRC) has issued new reporting guidelines to enable firms respond to prudential considerations in various sectors.

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 accrued most investments on the continent despite the impact of coronavirus pandemic in 2020.

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.
The Nigerian Economic Summit Group (NESG) has advised the Federal Government to always consider its economic policy choices, before taking decision, in order to FastTrack economic growth, its recently launched 2021 Economic Outlook has said.

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.
Tanzanian President Samia Suluhu Hassan (C) arrives to address a joint Parliament session of Kenyan Members of Parliament and Senators in Nairobi, Kenya, May 5, 2021. REUTERS-Monicah Mwangi

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.
Access Bank Plc has urged its customers and the general public to disregard social media report of its shutting 340 branches nationwide.

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.
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.

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 Industry

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.
National Bureau of Statistics NBS

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.
The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

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

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

Minister for Foreign Affairs, Geoffrey Onyeama has said that the Nigerian Government would use the Forum of the UN General Assembly (UNGA) to seek global support fighting terrorism and increasing Foreign Direct Investments (FDI).

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.
Governors of the 17 southern states under the aegis of the Southern Governors Forum have called on the federal government to convoke a national dialogue as a matter of urgency to address widespread agitations among Nigerians for greater inclusiveness in governance.

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.
Buhari Media Organisation (BMO)

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.

Most Popular

Bayern Munich on Saturday confirmed media reports they are in talks with RB Leipzig centre-back Dayot Upamecano as a possible replacement for David Alaba and Jerome Boateng, whose contracts expire at the end of the season.

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.
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.

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.
The Judicial Commission of Inquiry set up by Governor Godwin Obaseki to investigate the construction of the Edo Specialist Hospital and supply of equipment has indicted former governor, Adams Oshiomhole.

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.
Stakeholders in the Coalition of United Political Parties, CUPP, Tuesday, unveiled a new agenda aimed at repositioning the organisation into purposeful, focused and result-oriented opposition body that would champion the cause of governance in Nigeria

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

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.