Naira appreciates against dollar at investors’ window
The Naira on Tuesday appreciated to N363.07 against the dollar at the investors’ window, stronger than N363.11 posted on Monday. The Nigerian currency closed at N306.25 to the dollar…
Leo Stan Ekeh, Zinox boss, may retire in 2021
One of Africa’s leading digital entrepreneur and Chairman of the flourishing Zinox Group, Leo Stan Ekeh, may have decided to quit as CEO of his technology conglomerate by 2021, Political…
FG, states, LGs receive N3.946 trillion in six months
The Federation Accounts Allocation Committee (FAAC) has disbursed N3.946 trillion in the first half of 2018 to Federal, State and Local Governments, the Nigeria Extractive Industries Transparency Initiative (NEITI) quarterly…
FIRS to go after 6,772 billionaire tax defaulters – Fowler
The Federal Inland Revenue Service (FIRS) will soon go after the bank accounts of defaulting taxpayers who are raking in billions in Nigeria and are not paying taxes, FIRS Chairman,…
Banks swallow $7bn bailout funds, Presidential panel to prosecute offenders
The Special Presidential Panel for the Recovery of Public Property is yet to recover the seven billion dollars bailout fund granted commercial banks between 2006 and 2008. The panel Chairman,…
Major blue chips drop price on the Nigerian Stock Exchange
Some major blue chips on the Nigerian Stock Exchange (NSE) on Friday, recorded price depreciation as a result of profit taking by investors. Blue chips generally sell high-quality, widely accepted products…
AfDB approves $15million equity investment in Nigeria, others
The African Development Bank (AfDB) says it has approved 15 million dollars for equity investment in Verod Capital Growth Fund III, a private equity fund for investments in high growth…
Nigerian Stock Exchange market capitalisation dips by N19billion
Equity transactions on the Nigerian Stock Exchange (NSE) on Wednesday reversed to the negative trend after appreciating for one day as market capitalisation depreciated by N19 billion. The News Agency…
Experts fear $8.1bn refund order will jeopardise listing of MTN shares on NSE
Experts said the request by the Central Bank of Nigeria (CBN) that the MTN Group should refund 8.1 billion dollars illegally repatriated from Nigeria would jeopardise the listing of its…
Ekeh projects Nollywood as next biggest wealth creator in Africa
Serial digital entrepreneur and Chairman, Zinox Group, Leo Stan Ekeh has identified the Nigerian movie industry as the next biggest wealth creator in Africa. He made this declaration at the…