Banking Budgeting Investments/Capital Market Latest News Oil & Gas Planning & Economic Development Political Economy Revenue

NNPCL To Commence Nasarawa’s Keana Oil Field Drilling In March

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mr. Mele Kyari, on Thursday hinted that the company would commence drilling for crude oil in Nasarawa State’s Keana oil field  effective from March 21 this year. Kyari, who made this disclosure during a meeting he held with the state Governor, Engr. Abdullahi […]

Banking Budgeting Infrastructure & Capital Projects Investments/Capital Market Latest News Planning & Economic Development Technology Transportation

Julius Berger Concludes N30Bn Commercial Paper Issuance

Julius Berger Nigeria Plc, one of Nigeria’s construction giants, has announced the completion of its N30 billion Series 1 and 2 Commercial Paper (CP) issuance. The company, in a corporate disclosure signed by its Company Secretary Mrs Cecilia Madueke, and sent to the Nigerian Exchange Limited, indicated that the commercial paper issuance was over-subscribed, demonstrating […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Planning & Economic Development Revenue

Naira Rebounds, Trades N755/$1 At Black Market

The Naira appreciated against the US dollar at the black market in the early hours of Wednesday, trading at an average of N755/$1 at the black market compared to the N756/$1 it exchanged at during the previous day’s trading session. Some of the FX traders in the parallel market attributed the slight rebound of the […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Political Economy Revenue Taxation Technology

NGX Advocates Incentives To Boost Exchange’s Listings, Tax Revenue

The Nigerian Exchange Limited (NGX) has advocated the need for improved government incentives to encourage companies to list on the nation’s equities market. The NGX’s Chief Executive Officer, Mr. Temi Popoola, who made the call during an interview with journalists, pointed out that exploring the opportunities in capital market through fiscal and other incentives would […]

Banking Budgeting Foreign Exchange (Forex) Investments/Capital Market Latest News Oil & Gas Planning & Economic Development Statistics Technology

Oil Sector Reforms Hold Bright Prospect For Nigeria’s FX Earnings – Analysts

Economic researchers at the Centre for the Study of Economies of Africa (CSEA), one of Nigeria-based economic research organization with primary focus on developments in Africa’s economies, have stressed the need for the government to intensify ongoing reforms in the oil and gas industry to boost foreign exchange earnings for the country. The forecast by […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Revenue

TAJBank Becomes First Corporate To List Sukuk Bond On NGX

TAJBank Limited, Nigeria’s fast-growing non-interest banking services provider, Tuesday on the trading floor of the Nigerian Exchange Limited (NGX) became the first corporate to list Sukuk Bond on the bourse. The bank listed N10 billion Mudarabah Sukuk issuance after it successfully raised over N11.4 billion under its N100 Billion Sukuk Issuance Programme. The first of […]

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SEC Licences ‘Bamboo’ For Digital Brokerage Operations In NGX

Systems Technology Limited (Bamboo), one of Africa’s leading online brokerage firms, has announced its licensing by Securities and Exchange Commission (SEC)  Nigeria to operate in the Nigerian capital market and include Nigerian securities on its platform. The approval by the commission granted the digital brokerage firm will help in strengthening its relationship with its sponsoring […]

Agriculture & Agribusiness Budgeting Investments/Capital Market Latest News Planning & Economic Development Political Economy

SEC, NAIC Unveil Plans To Deepen Commodities Trading Ecosystem

The Director-General of the Securities and Exchange Commission (SEC) Nigeria, Mr. Lamido Yuguda, has hinted of plans by the capital market regulatory commission to collaborate with the Nigerian Agricultural Insurance Corporation (NAIC) in a bid to further deepen the commodities trading ecosystem. Yuguda, who made this disclosure during the commission team’s meeting with the management of NAIC […]

Banking Budgeting Investments/Capital Market Latest News Planning & Economic Development Technology

TAJBank Intensifies Nationwide Operations Drive, Opens Apapa Branch

TAJBank Limited, Nigeria’s fast-growing non-interest banking services provider, on Thursday opened a new branch in Apapa, Lagos in furtherance of its current drive to provide seamless financial transactions and advisory services for its growing customer-base. It would be recalled that the bank secured its national banking license from the Central Bank of Nigeria (CBN) about […]