Business

Ogun State Governor Prince Dapo Abiodun on Thursday advocated a collaboration between the States, Federal Government, and the Capital Market in raising funds for the provision of needed infrastructure in the country. Governor Abiodun, who spoke as the Special Guest of Honour at the 27th Annual Conference of the Chartered Institute of Stockbrokers (CIS) held in Abeokuta, noted that basic…

The Central Bank of Nigeria (CBN) on Wednesday instructed its branches nationwide to continue issuing both old and redesigned naira notes in ample quantities to deposit money banks. The directive comes on the heels of reports of cash scarcity in major cities despite earlier assurances from the CBN about sufficient cash availability. The CBN, in a statement signed by its…

Justice Olukayode Adeniyi of the Federal Capital Territory High Court has granted former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, bail. The embattled CBN governor was brought to court today by the Economic and Financial Crime Commission (EFCC). The judge ordered that Emefiele be released immediately to his lawyers, who were charged with the responsibility of producing…

Organized Private Sector under the auspices of the Lagos Chamber of Commerce and Industry (LCCI), on Wednesday, lauded the contributions of Dangote Industries Limited (DIL) to poverty reduction efforts of the Federal government, especially the massive employment opportunities for the nation’s teeming youths. Alluding to the thousands of jobs the Dangote Refinery will generate when fully operational, Dr Micheal Olawale-Cole,…

The domestic equities market on Tuesday sustained its bullish performance with a gain of N86 billion, following price appreciation in PZ Cussons Nigeria and 21 others. As a result, the Nigerian Exchange Limited All-Share Index (NGX ASI) gained 133.98 basis points, or 0.19 per cent to close at 70,613.60 basis points. Also, market capitalisation rose by N86 billion to close…

PalmPay has unveiled ₦300 million giveaway campaign. The campaign gives Nigerians using the payment platform an opportunity to win cash rewards. The promotion, which starts on 1 November and ends on 21 November 2023, is grouped in three phases. This was announced in a statement issued by the Company recently. ” For the first phase, PalmPay users can win cool…

Trading activities in the equities market on Monday resumed the week on a positive note with a gain of N155 billion in market capitalisation, driven by investors’ interest in Seplat Energy Plc and 26 stocks. The Nigerian Exchange Limited All-Share Index rose by 282.69 basis points or 0.40 per cent, to close at 70,479.62 basis points. Similarly, the overall market…

The Nigeria Deposit Insurance Corporation (NDIC) has once again demonstrated its unwavering commitment to high ethical standards and compliance with anti-corruption laws and regulations, as it proudly secures the top position in the Independent Corrupt Practices and Other Related Offences Commission (ICPC) 2023 Ethics and Integrity Compliance Scorecard (EICS). This remarkable achievement marks the second time that NDIC has achieved…

Management of Dangote Industries Limited (DIL), has revealed that the company has so far repatriated over $576,008,672.41 through various banks in Nigeria, in addition to a $111,968,109.38 cash swap arrangement between Dangote Cement Plc and Ethiopian Airlines; thus saving the same amount that would have been paid by the Central Bank of Nigeria (CBN). The company revealed this in a…