Afreximbank signs MoU with UAE to promote intra African trade The African Export-Import Bank (Afreximbank) signed an MOU with the United Arab Emirates (UAE) Trade Center, to promote the TRADAR Club solution in the market. The Cooperation Agreement, signed between Afreximbank and the UAE Trade Center on the sidelines[Read More…]
Seplat Joins N1 trillion valuation group as shares soars The indigenous oil and gas gas company, Seplat Energy Plc has joined the exclusive group of stock worth over one trillion naria. Seplat achieved this feat recently as its share price increased to N1837 per share to hit N1.08 trillion[Read More…]
NUPRC warns operators on 3% remittance default to oil communities The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has threatened to revoke the licenses of oil operators who failed to remit the three percent statutory fees to oil communities before September ending. The NUPRC management on Friday said its attention[Read More…]
Ongoing Economic Reforms Will Rejuvenate Nigeria’s Economy, SEC The Securities and Exchange Commission (SEC) has commended the ongoing multi-layered economic reforms by the current administration, saying the new dispensation is capable of rejuvenating the economy and improving the standard of living of Nigerians. A statement issued by the commission[Read More…]
FG Outlines Plan For Nigeria’s Creative Economy The federal government through the ministry of Art, Culture and Creative Economy has outlined a plan to grow Nigeria’s creative sector. The minister of Art, Culture and Creative Economy, Hannatu Musawa, stated this in an eight-point plan in a video message to[Read More…]
FG promises to revamp steel sector to boost Nigeria’s economy The federal government has said it will revamp the nation’s steel sector to enhance the economy and create employment opportunities. The minister of steel development, Shuabi Audu, said this in Abuja when he met with heads of agencies and[Read More…]
Dangote drops in Forbes ranking, loses N553 billion Africa’s richest man, Aliko Dangote, stands on the brink of losing the title. On Thursday, Forbes downgraded his worth by more than 6 per cent. His rival, Johann Rupert, is $100 million away from displacing Dangote in the African category of[Read More…]
Uber launches electric bike in Kenya, Nigeria to follow Global ride-hailing giant Uber on Thursday launched an electric motorbike service in Kenya, as the company seeks to make its global platform emissions-free by 2040. Uber’s general manager for sub-Saharan Africa, Kagiso Khaole said the rollout in Kenya will be[Read More…]
Nigerian Equities extend gains, rakes N61 billion Nigerian equities market ended the trading session for August 2023 bullish as Investors continue to buy into blue-chip firms. The All-Share Index (ASI) traded 0.16% higher to close at 66,548.99 index points as against 66,439.53 index points recorded in the previous day’s trading[Read More…]
Fidelity Bank to help Schools prepare for New School Session with Edu Loan Product As the summer break winds down, leading financial institution, Fidelity Bank Plc, has emphasised its devotion to help schools prepare adequately for the next session and deliver quality education. Through its bespoke product known[Read More…]
