The equities market sustained its positive momentum on Tuesday, as market capitalisation rose by 0.12 per cent to close at […]
Category: Economy
Naira depreciates to N1,495/$ in parallel market
The naira on Friday depreciated to ₦1,495 per dollar in the parallel market, down from ₦1,490 per dollar recorded on […]
Unilever doubles full year profit as revenue rises 44%
Consumer goods giant Unilever Nigeria Plc has doubled its full year profit, helped by easing inflation and firming naira that […]
InfraCredit mobilises local currency debt for First Electric’s energy project
InfraCredit, Nigeria’s ‘AAA’-rated specialised infrastructure credit guarantee institution, has provided credit enhancement for a local currency debt issuance by First […]
EU removes Nigeria from high-risk financial list
Nigeria has been removed from the European Union’s list of high-risk jurisdictions, a development expected to ease trade, payment processes […]
SEC announces new Minimum Capital requirement for Capital market operators
The Securities and Exchange Commission (SEC) increased the minimum capital requirements for all categories of capital market operators in the country (CMOs). […]
11 ships laden with diesel, fresh fish arrive Lagos ports
A total of 11 ships have arrived Apapa, Tincan and Lekki ports in Lagos, waiting to discharge fresh fish, diesel, […]
Technology enabled banking, key to Nigeria’s $1tn GDP target – FairMoney MD
Mr Henry Obiekea, Managing Director, FairMoney Microfinance Bank, on Tuesday said that technology-enabled banking helped to push formal financial inclusion […]
Champion Breweries secures SEC approval for N42bn public offer
Champion Breweries Plc has secured approval from the Securities and Exchange Commission to raise ₦42 billion through a public offer […]
UBA surpasses N500bn capital mark after N178bn rights raise
United Bank for Africa (UBA) has successfully raised N178.3 billion through a rights issue, pushing its capital base above the N500 […]