The Debt Management Office (DMO) has renewed its call to Nigerians, especially retail investors in the country, to explore the opportunities availed by the FGN Savings Bond offerings and other securities for good returns on their investments. The Director-General of the DMO, Ms. Patience Oniha, who gave advice on Thursday in Port-Harcourt, Rivers State, during […]
Nigeria’s currency, the Naira, sustained its losing streak in the parallel market on Thursday, to trade at an average of N745/$1, representing a 0.27% decrease in its exchange value of N743/$1 recorded in the previous day’s trading session. Information sourced from FX dealers in the Federal Capital Territory (FCT), indicated that the local currency’s sustained […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has reported that Nigeria’s crude oil production decreased to an average of 998,602 barrels per day (bpd) in the month of April 2023. Data released by the commission on the hydrocarbon resources output in the month under review, showed that the country produced 1.2 million (mbpd) April, comprising […]
The Nigeria Customs Service (NCS) Kwara Area Command has reported N3,566,997,587.12 as its generated revenue in the first quarter of this year The State Area Comptroller of the Service, Mr. Kehinde Ilesanmi, made the disclosure while briefing journalists on the activities of the Command in Ilorin, Kwara State. The Comptroller reported that the Command recorded […]
The Director General, Budget Office of the Federation, Mr. Ben Akabueze has expressed some concern about Nigeria’s borrowing rate which is fast exceeding its borrowing limit Akabueze, who raised his concern about the surging public debt stock during the induction of newly-elected lawmakers of the 10th National Assembly at the International Conference Centre in Abuja, […]
The Board Listings and Markets Committee of the FMDQ Securities Exchange Limited (FMDQ Exchange) has approved the quotation of the Zedcrest Capital Limited N5 billion Series 1 Commercial Paper (CP) under its N15billion CP Issuance Programme. Zedcrest Capital, the Issuer, a subsidiary of Zedcrest Group, is a proprietary and capital management firm, investing in debt […]
The Central Bank of Nigeria (CBN) on Wednesday debunked insinuations going on in social media that Bank Verification Number (BVN) issued to bank customers in Nigeria has expiry date, saying that those sending the wrong message are totally ill-informed. The apex bank, in a statement issued by its Director, Corporate Communications, Dr. Isa AdulMumin, maintained […]
Airtel Africa, the parent company of Airtel Nigeria, has confirmed its payment of N58.7 billion to the Nigerian Communications Commission (NCC) for the renewal of the latter’s 2×10 MHz and 2100 MHz spectrum licences. The company disclosed this in a corporate filing with the Nigerian Exchange Limited (NGX) and that the payment was renewal fee […]
The Nigerian Communications Commission (NCC) has granted approval for a spectrum lease transaction for a 2-year period, starting May 1st, 2023 between MTN Nigeria (MTNN) a leading Mobile Network Operator (MNO) and Natcom Development and Investment Limited (NTEL). Available information on the shared with journalists indicated that it would enable MTN Nigeria to lease two spectrums […]
The Securities and Exchange Commission (SEC) Nigeria has said that efficient dispute resolution mechanism adopted by well-informed adjudicators holds great potential for sustainable growth of the nation’s capital market and engender investor confidence in the bourse. The commission’s Director-General, Mr. Lamido Yuguda, made this remark at a one-day workshop organised by the Investment and Securities […]