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Custodian Investment to buy minority shares of UPDC

    Custodian Investment to buy minority shares of UPDC

Custodian Investment Plc says it has obtained an approval from the Securities and Exchange Commission (SEC) to make a mandatory takeover offer (MTO) of minority shareholders of UACN Property Development

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IT’S OFFICIAL: Naira to now trade at N410/$1 as CBN adopts NAFEX rate

    IT’S OFFICIAL: Naira to now trade at N410/$1 as CBN adopts NAFEX rate

The Central Bank of Nigeria (CBN) has officially adopted the Nigerian autonomous foreign exchange (NAFEX) rate — weakening the naira by 8 percent to N410.25/$1. The apex bank has also

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CBN raises capital base for payment service providers to N250m from N100m

    CBN raises capital base for payment service providers to N250m from N100m

The Central Bank of Nigeria (CBN) has raised the minimum capital requirement for payment solutions service providers (PSSPs) to N250 million from N100 million. This is contained in a circular

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Hadiza threatens legal action over online ‘campaign of calumny’

    Hadiza threatens legal action over online ‘campaign of calumny’

Hadiza Bala Usman, the suspended managing director of the Nigerian Ports Authority (NPA), has threatened to go to court over a series of “false” online publications against her. In a

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FG to launch new mining policy for recovery of unpaid royalties

    FG to launch new mining policy for recovery of unpaid royalties

The federal government says it will improve procedures, documentation and regulations in the solid mineral sector in order to recover

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774,000 jobs: FG to begin second tranche payment to beneficiaries, says Keyamo

    774,000 jobs: FG to begin second tranche payment to beneficiaries, says Keyamo

The federal government says the second tranche of payment to beneficiaries of its special public works (SPW) programme beneficiaries will

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Manufacturing sector recovers, oil output sustains momentum… takeaways from 2021 Q1 GDP report

    Manufacturing sector recovers, oil output sustains momentum… takeaways from 2021 Q1 GDP report

Output from oil production sustained growth momentum in the first quarter of 2021 as the manufacturing sector recovered from the

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FMDQ lists BUA Cement’s N115bn bond — largest issued on debt market

    FMDQ lists BUA Cement’s N115bn bond — largest issued on debt market

FMDQ Securities Exchange Limited has announced the admission of BUA Cement Plc N115 billion series 1 fixed rate senior unsecured

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How ban on sales of SIM cards stifled Nigeria’s telecoms growth in Q1 2021

    How ban on sales of SIM cards stifled Nigeria’s telecoms growth in Q1 2021

The telecommunications sector posted a single-digit growth in the first quarter (Q1) 2021, as the ban on sales of subscriber

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FG asks banks to finance MSMEs at low interest rates

    FG asks banks to finance MSMEs at low interest rates

The federal government has asked banks and other financial institutions to grant accessible financing to micro, small and medium enterprises

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