The African Development Bank (AfDB) has launched an AUD 50 million 15-year Kangaroo Green Bond due March 2038 as part of its sustained initiatives towards the implementation of its Green Bond Framework aimed at supporting Africa countries’ transition to green growth. The new issuance, which is the bank’s sophomore green bond in the Australian dollar […]
The Securities and Exchange Commission (SEC) Nigeria has approved a new share buy-back programme for Dangote Cement Plc as part of the manufacturing company’s financial strategies for improved returns on its assets and stock value. A Notice on the approval from the Nigerian Exchange Limited (NGX) indicated that the share buy-back programme would expire on […]
Shell, a global leading energy firm, has reported a sharp decline in oil spills associated with the Exploration and Production (E&P) activities in Nigeria in 2022 to 600 tonnes from 3,300 tonnes recorded in 2021, representing about 500% decline. Reuters reported the oil giant as saying that the sharp decline in oil tonnage spills in […]
The Naira stabilized its exchange rate against the US dollar at the black market on Thursday, trading at an average of N750/$1, the same rate it traded the previous day. Some FX traders at the FCT Wuse Zone 3 axis in the FCT attributed the local currency’s stability to renewed hope about improved business activities after […]
A former Statistician-General of the Federation and Chief Executive Officer of the National Bureau of Statistics (NBS), Dr. Yemi Kale, has been appointed as Partner/Chief Economist at KPMG Nigeria, one of the leading professional services firms in the country. The consulting firm on Thursday, March 9, tweeted about the new appointment that “as our Chief […]
The Nigerian Communications Commission (NCC) has concluded arrangements to host an event to mark the 2023 World Consumer Rights Day (WCRD) in Abuja with spotlight on its regulatory initiatives on clean energy usage in the telecoms sector. World Consumer Rights Day is celebrated on March 15 every year as a means of raising global awareness about consumer […]
Nigeria’s equities market closed positive on Wednesday amidst buy-interests and sell-off among investors in a bulls-dominated trading session, thereby boosting the broad market’s performance. At the end of the trading session, the All-share Index (ASI) appreciated by 0.35% to close at 55,801.14 points while the market capitalization grew by N107 billion to close at N30.397 […]
The Central Bank of Nigeria (CBN) has announced the issuance of new operational guidelines for Open Banking in the country as part of its regulatory initiatives to enhance the nation’s financial system. The new guidelines will enable the sharing of customer-permissioned data sharing between banks and third parties such as fintechs and other financial service […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has charged global leaders and development experts to consider adopting a new way of measuring wealth of nations in view of the lapses in the current Gross Domestic Product (GDP) approach. Adesina, made this call when the United States’ nominee for World Bank Group […]
The National Bureau of Statistics (NBS) on Wednesday reported that on the aggregate, Nigeria’s Company Income Tax (CIT) collections for Q4 2022 totalled N753.88 billion, representing N56.31 billion decline from the N810.19 billion collections in the preceding quarter. The NBS, in its just published ‘Company Income Tax Q4 2022’ report disclosed that out of the […]