Investments/Capital Market Latest News Planning & Economic Development Technology

Analysts Forecast Cautious Trading In Equities Market

Investment analysts at Bancorp Securities Limited, one of Nigeria’s investment research and consulting firms, have predicted that investors would sustain cautious disposition in their investment moves this week at the equities market as the monetary authorities meet to decide on key lending rates. The experts projected: “We envisage an extension of cautious trading this week […]

Infrastructure & Capital Projects Latest News Planning & Economic Development Power/Electricity Technology

DisCos Alert Public On Power Blackout As National Grid Collapses

Electricity distribution companies (DisCos) on Monday alerted electricity consumers in the country of power blackout in their franchise areas following the collapse of the national grid. The latest national grid collapse is about the eighth time the incident had been recorded in the country in the past few months. According to the notices by the […]

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

Naira Depreciates At Parallel Market, Trades At N713/$

The Naira sustained its sluggish trend against the US dollar in the parallel market in the early hours of Monday and traded at N713/$, a 0.14% depreciation from N712/$1 recorded on Friday, last week. Information obtained from the parallel market operators by our correspondent in the early trading hours of yesterday showed that the Naira […]

Crime & Judiciary Matters Investments/Capital Market Latest News Planning & Economic Development Technology

Proposed Investment And Securities Bill Will Curb Ponzi Schemes, Others – SEC

The Securities and Exchange Commission (SEC) Nigeria at the weekend expressed optimism that the passage of the proposed Investments and Securities Bill (ISB) will check the surging incidents of Ponzi/Pyramid and other illegal investment schemes in the country. The Director-General of the commission, Mr. Lamido Yuguda, was quoted in a statement that the passage of […]

Agriculture & Agribusiness Budgeting Latest News Planning & Economic Development Statistics

Consumers Paid More For Food Items In August – NBS

….as S/East, South-South consumers paid highest for beans, bread   The National Bureau of Statistics (NBS), the coordinating agency for Nigeria’s statistical system, reported on Saturday, September 24, that consumers paid more for selected food items in August, reflecting the  rising inflation rate in the economy. The Bureau, in its latest ‘Selected Food Prices Watch […]

E-Payment Tech & Solutions Economy News Extra Latest News Planning & Economic Development Technology Telecomms

NCC Tasks Nasarawa Scholarship Board On Digital Literacy Awareness

The Nigerian Communications Commission (NCC) has urged Nasarawa State Scholarship Board (NSSB) to support the NCC in creating awareness about the intervention projects of the Commission concerning research and digital literacy in order to provide more opportunities for the citizenry. The commission’s Director of Digital Economy, Dr. Augustine Nwaulune, gave this charge while hosting the […]

Crime & Judiciary Matters E-Payment Tech & Solutions Latest News Planning & Economic Development Technology Telecomms

NCC-CSIRT Advises Zoom Users To Update Software For Protection

The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has advised users of video-telephony platform, Zoom, to install the latest update of the software from its publisher’s official website following the discovery of vulnerabilities that allow a remote attacker to exploit the app. The advisory issued by the NCC-CSIRT indicated that the Indian Computer Emergency Response Team […]

Budgeting Housing & Real Estate Latest News Planning & Economic Development Revenue Sanitation & Hygiene Matters Taxation

LAWMA Hikes Waste Disposal Tariff By 100%, As Lagosians Flaw Decision

Lagos State Waste Management Authority (LAWMA) has increased the tariff charges for waste disposal by 100% in the state, attributing the hike to increase in diesel price and devaluation of the Nigerian currency. The latest hike in waste disposal was conveyed in letters sent to residents of the states on Monday by the third-party company […]

Banking Economy News Extra Insurance & Pension Investments/Capital Market Latest News Planning & Economic Development

First Pension Custodian Completes Acquisition Of Access Pension Fund Custodian

FBN Holdings Plc has announced the completion of the acquisition of 100% of the share capital of Access Pension Fund Custodian Limited, a subsidiary of Access Bank Plc by First Pension Custodian Nigeria Limited, a subsidiary of First Bank Nigeria Limited. The Group’s Company Secretary, Barrister Adewale Arogundade, made this disclosure in a statement sourced […]

Banking Budgeting Infrastructure & Capital Projects Latest News Planning & Economic Development Power/Electricity Technology

AfDB Approves $20Mn For Covid-19 Off-Grid Recovery Platform

The Board of Directors of the African Development Bank Group (AfDB) has approved a $20 million concessional investment to support the second phase of the Covid-19 Off-Grid Recovery Platform (CRP). The CRP is a blended finance initiative to unlock private capital for energy access companies to mitigate the negative impacts of the pandemic while advancing […]