Lack of cost-reflective tariffs discouraging investment in Nigeria’s electricity sector
“Investors must cover their costs to make further investments,” said Mr Okeke of Azura Power
EXPLAINER: How new CBN charges on bank withdrawals, deposits can affect you
The plan is not entirely new as it was first rolled out in 2012. Still, the new charges have infuriated many bank users.
Renewed profit taking: NSE market indices down by 0.13 per cent
The All-Share Index lost 35.46 points to close at 27,646.15 against 27,681.61 achieved on Wednesday.
Nigeria loses $1.35 billion to oil theft in six months
The loss was recorded between January and July 2019.
Nigeria approves three new ‘Payment Service Banks’
An official says the approval was in line with its objective of enhancing financial inclusion in the country.
MTN plans to raise N100 billion from commercial paper
An MTN official suggested the firm would issue the commercial paper through the Nigerian Stock Exchange.
CBN imposes additional charges on transactions on individual bank accounts
Nationwide implementation of cashless policy effective March 31, 2020, CBN says.
NSE indices sustain negative outlook, amid Airtel price loss
Airtel recorded the highest loss, dropping by 10 per cent to close at N283.50 per share.
N5 trillion AMCON debt: Osinbajo constitutes inter-agency taskforce on recovery
About 67 per cent of the outstanding N5 trillion debt is said to be owed by just 20 individuals/entities.
Nigeria govt. to auction N150bn bonds September 25
The DMO says units of sale is N1, 000 per unit, subject to a minimum subscription of N50 million.
Dana Air takes delivery of first Boeing 737 aircraft
The arrival of the new aircraft is confirmation of the airline’s commitment to increase its capacity and meet the demands of its guest.
Andela lays off over 250 engineers in Nigeria, other African countries
The form says it Wants to focus on experienced talents.
MTN’s MoMo Agent plans to aid financial inclusion in Nigeria
MTN joins the ongoing efforts to accelerate the CBN’s drive for financial inclusion.
Dangote firm optimistic FG’s import restriction will aid operations
Mr Dangote wants the government to enforce its decision to cut the importation of tomato-paste to reduce dumping of subsidised paste.
NSE: Market opens on bearish note, down 0.74 per cent
The All Share Index (ASI) shed 204.68 points to close at 27,574.32 against 27,779.000 achieved on Friday.
NES#25: Nigerian Economic Summit to focus on pillars of ‘industrial revolution — Minister
The 25th edition of the Nigerian Economic Summit (NES#25) will hold on October 7 and 8in Abuja.
Saudi, Gulf stocks fall after attacks on Aramco oil plants
Aramco has agreed to buy a 70 per cent stake in SABIC from the Saudi state Public Investment Fund.
Why it’s difficult to enforce local content laws — Board Secretary
Mr Wabote says Nigeria continues to provide leadership and guidance to other African nations that want to understudy its content law implementation.
NSE: Trading sustain positive outlook, up by 1.28 per cent
The market capitalisation rose by N171 billion to close at N13.522 trillion against N13.351trillion.
Nigeria ranks 146 on Ease of Doing Business — Official
Nigeria’s Ease of Doing Business score improved by 1.37 points from 51.52 distance to frontier (DTF) in 2018 to 52.89 in 2019.