Konga merges with Yudala to rule Africa e-commerce
It is official and it’s the biggest e-commerce alliance out of Africa. Konga, Nigeria’s largest online mall and Yudala, Africa’s pioneer composite e-commerce company have announced a merger of their…
Adeosun, Emefiele for IMF/World Bank meeting in Washingto;, aid, poverty eradication top agenda
The Minister of Finance, Mrs Kemi Adeosun and Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, left Nigeria for Washington DC on Sunday to join other economic experts from around…
Intra-Commonwealth trade to reach $1.6 trn in 2 years
Intra-Commonwealth trade and productive greenfield investment is expected to reach 1.6 trillion dollars by 2020, in spite of the global trade slowdown caused by the 2008 financial crisis. This rising…
Adeosun removes Zubair as Ag. SEC DG, appoints Uduk, queries SEC on rift with NSE
Mrs Kemi Adeosun, Minister of Finance, on Friday appointed Ms Mary Uduk, as the new Director -General, the Securities and Exchange Commission (SEC) following the redeployment of Dr Abdul Zubair,…
CBN begins disbursement of N26bn agribusiness fund to MSMEs
The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee on Thursday commenced disbursement of N26 billion Agribusiness Small and Medium Enterprises Investment Scheme (AGSMEIS) fund to the…
Nigeria’s wheat production falters, imports to rise next year
Nigeria’s decades-old program to boost wheat production and reduce imports worth more than $4 billion a year has faltered with farmers cutting output because of soaring input costs, leaving foreign…
Dust settles as trading in Oando shares resumes Thursday – NSE
The dust has finally settle with the Nigerian Stock Exchange saying trading in the stock of Nigeria’s biggest energy company, Oando, will resume on Thursday, without any further impediment. The…
Mobil, Dangote Cement edge up NSE indices by 0.86%, capitalization up by N126bn
Some highly capitalised stocks on Wednesday posted price appreciation on the Nigerian Stock Exchange (NSE) with the market capitalisation improving by N126 billion. The News Agency of Nigeria (NAN) reports…
Hours after NSE’s lifting, SEC reverses technical suspension of Oando
The Nigerian Stock Exchange (NSE) on Wednesday lifted the technical suspension placed on Oando shares with the Securities and Exchange Commission (SEC), ordering a reversal three hours later. Confusion trailed…
Oil surges more than 3% hitting over $70 over China, US feud
Oil prices rose over 3 per cent, on Tuesday as investors grew more confident that a brewing trade dispute between the United States and China may be resolved without harming…