Nigerian Breweries Plc, one of Nigeria’s bottled drinks manuacturing companies, has launched its Series 1, 2, and 3 commercial papers under its N100 billion commercial paper programme. The Company Secretary, Barr. Uaboi Agbebaku, stated that the commercial papers were launched on Wednesday, and would last for 91 days, 120 days, and 154 days, respectively. According […]
The World Bank has projected that Nigeria would record a 2.9% real GDP growth in 2023 after growing by 3.1% last year as it revised its 2023 global economy’s growth forecast to 1.7% down from the 3.0% growth projection it earlier made. Specifically, the Washington D.C- based development finance institution, in its latest ‘Global Economic Prospects’ […]
The Chairman House of Representatives Committee on Capital Markets and Institutions Hon. Babangida Ibrahim, has said that the provisions of the Investments and Securities Bill recently passed by the lower chamber of the National Assembly will inspire confidence of both local and foreign investors as they can be assured that the regulators have been sufficiently […]
Trading on the floor of the Nigerian Exchange (NGX) closed positively on Wednesday with investors gaining N154 billion following bulls dislodgment of bears in the control of the Nigerian bourse. On Tuesday, with bears holding grip on the bourse, investors lost N134 billion at the end the day’s trading session However, at the close of […]
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced the 2022 mini-bid round process in accordance with the Petroleum Industry Act (PIA) 2021 for prospective licensees in the nation’s hydrocarbon resources industry. The mini-bid round aims to open opportunities for investors to begin new oil exploration and drilling activities in the prospective deep waters offshore […]
With business operations gaining traction after the Yuletide and New Year celebrations globally, Nigeria’s currency, the Naira firmed up its exchange rate against the greenback (USD) on Wednesday, trading at N738/$1 in the early hours at the parallel market. The Naira’s exchange rate showed a marginal appreciation of 0.94% when compared to the N745/$1 it […]
The Nigerian Communications Commission (NCC) has announced its arrangements for a newly packaged 30-Minute weekly television programme tagged ‘Telecom Weekly’ through which it will regularly x-ray the Nigerian telecommunications and information communications technology (ICT) industry and provide awareness for telecommunication consumers in the country and globally. The commission’s Director, Public Affairs, Mr. Reuben Muoka, in […]
The Central Bank of Nigeria (CBN) on Tuesday assured marketers and traders that it had sufficient quantity of the newly redesigned banknotes for circulation and that they can get the new N200, N500 and N1,000 notes through Automated Teller Machines (ATMs) nationwide. The apex bank’s Branch Controller, Lagos State, Mr. Koyor Baribokola, gave the assurance […]
The U.S. Federal Emergency Management Agency (FEMA) has completed its 2023 traditional reinsurance placement for the National Flood Insurance Programme (NFIP), transferring an additional $502.5 million of flood risk to the private reinsurance market for a total premium of $90.2 million. A news report from Reinsurance News, an industry-focused on line medium, on Wednesday indicated […]
Trading on the floor of the Nigerian Exchange (NGX) was bullish on Friday with investors gaining N193 billion at the end of the week’s trading sessions as bulls sustained their grip on the local bourse during the day’s trading As expected, the market’s All Share Index (ASI) also increased by 0.69% to close at 51,222.34 […]