Business

Securities and Exchange Commission (SEC)

SEC, NSE streamline processes to boost market listing

The streamlined process which would come into effect on June 1.

Nigerian Stock Exchange Trading floor [Photo: blogs.cfr.org]

NSE transactions maintain positive outlook, indices up by 1.07 per cent

The market capitalisation grew by N146 billion to close at N13.864 trillion compared with N13.718 trillion achieved on Wednesday.

NCC HQ Abuja [Photo: www.skyscrapercity.com]

Investment in Nigeria’s telecom industry stands at $70bn – NCC

The official says the figures were very impressive “and indicative of a very fast-growing and resilient sector of the economy.”

Director-General, Debt Management Office, DMO, Patience Oniha

FG allots N532.65 million to 515 subscribers in May savings bond

The bonds have a tenure of between two and three years and a minimum size of investment of N5, 000 and maximum of N50 million.

tomatoes

Prices of selected food stuff increased in April — NBS

The average price of one dozen of medium sized agric egg increased from N459.81 in March to N467.18 in April.

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)

Excess Oil Revenue: CBN warns govt against ‘spending spree’

The CBN also wants the government to save for the rainy day.

NNPC Headquarters, Abuja

NNPC remits N1.26 trillion to Federation Account in 2018

The NNPC said in a statement on Tuesday that it remitted N1.26 trillion as against the N1.22 trillion projected in the 2018 budget.

A private filling station used to illustrate the story.

Depot owners want total deregulation of petrol

The depot owners also complained about the current pricing template of petrol.

A banking hall [Photo credit: Nigerian Times]

Why we don’t keep our monies in banks – Unbanked Nigerians

Some Nigerians explain why they would rather keep their cash than lodge it in the bank.

Nigeria Stock Exchange

NSE All-Share Index returns to 30,000 mark, amid MTN Nigeria gains

The market capitalisation which opened at N12. 938 trillion inched N367 billion to close at N13.305 trillion.

Godwin Emefiele, Governor of Central Bank of Nigeria (CBN)

CBN retains monetary policy parameters

The bank had adjusted the MPR from 14 per cent to 13.5 per cent in March

Unity Bank

Alleged N7bn Excess Charges: Unity Bank responds to presidential panel’s allegations

The bank says the allegations are “ill-motivated”, adding that it has transferred all balances belonging to the MDAs to their TSA accounts

MTN

Operators fault MTN Nigeria listing

“Up until now, no prospective shareholder can tell you this is what MTN Nigeria stands for.”

MTN Nigeria office

NSE clarifies concerns on MTN Nigeria’s Premium Board listing

MTN Nigeria was on Thursday admitted to the premium board of the Nigerian Stock Exchange.

Dollar and Naira bills [Photo credit: NairaFX]

Naira sells at N360.72 to dollar at investors’ window

The naira closed at N306.9 to the dollar at the official CBN window.

Cisco

Cisco to train one million students in Africa on digital skills

Cisco says it intends to support the creation of Digital Learning Hubs in public libraries, accessible by the local population.

NNPC Headquarters, Abuja

NNPC redeploys 19 senior staff

The corporation says no staff was sacked.

Electricity Pole

DISCOs need N3.07 trillion in 5 years to boost electricity supply in Nigeria – Report

DISCOs report a revenue shortfall of over $3billion.

Oil rig

Nigeria’s GDP growth slows as oil sector contracts

The Real GDP growth in the oil sector shrank by -2.40 per cent (year-on-year) in Q1 2019.

OPEC

Oil prices rise after OPEC agrees to keep output cuts

U.S. President Donald Trump threatened Tehran on Sunday, tweeting that a conflict would be the “official end” of Iran.

MTN Nigeria office

Real owners of MTN Nigeria revealed

A document dated May 15, showed 11 owners of MTN Nigeria.

MTN Nigeria office

MTN to borrow N200 billion from seven Nigerian banks

MTN Nigeria’s total outstanding loans at December 2018 stood at N175.3 billion.

Babatunde Fowler, FIRS Chairman

FIRS to impose VAT on online transactions, says Fowler

FIRS says it hopes to generate between N750 billion and N1 trillion from the clampdown on those who failed to embrace the government’s amnesty.

Smart Phones used to illustrate the story.

Active subscribers increase by 43,807 in March — NCC

Active GSM users rose to N173.7 million

Tony O Elumelu

Elumelu urges investment in young Africans

Mr Elumelu spoke Thursday at the Tech for Good Summit 2019, which held in France.