Business

AIRTEL office used to illustrate the story. [PHOTO CREDIT: Stackpreneur]

Airtel Africa raises $1.25bn from SoftBank, five other investors

Airtel has been trying to shed debt and aggressively win customers.

An inland Port used to illustrate the story

Terminal operators tackle Customs over new policy

A Customs official says the new policy is aimed at ”forestalling any loophole in cargo clearance”.

AMCON

AMCON names Nigeria’s non-paying debtors; Ubah, Babalakin, Oloffa, Kashamu, others top list

AMCON had said it would name, shame and embark on take-over of properties of the delinquent debtors

Cross-section of some of smuggled 2018 Model Toyota Haice Bus seized by Nigeria Customs Service in Lagos on Wednesday (25/7/18). 04002/25/7/2018/Wasiu Zubair/TA/HB/NAN

Nigerians spend $8b annually on importation of vehicles – Osinbajo

The vice president says most of the used vehicles imported are unsafe and not good for Nigerians.

NSE market indices sustain growth by 0.70 per cent

All-Share Index rose by 228.63 points to close at 33,191.45 compared with 32,962.82 recorded on Monday.

MTN Nigeria office

$8.1bn Dispute: MTN seeking ‘acceptable solution’ with Nigerian govt

The CBN had earlier said ”new documents provided by the telecoms company” would help reduce the claims.

Crude Oil pipelines

Why Nigeria will remain important player in global oil market — OPEC Rep

Nigeria can produce 2.3 million barrels daily in 2019.

A Bureau De Change, BDCs, operator

Naira loses marginally against dollar at parallel market

The Nigerian currency lost 50 kobo to close at N360.5 to the dollar, weaker than N360 posted on Friday at the parallel market in Lagos.

W. Stuart Symington

Nigeria is seventh largest integrated market in the world – US Ambassador

He said the relationship between Nigeria and the United States is that of good partners with good intention.

Naira notes

Nigerian economy remains vulnerable — NESG Chairman

Government issues first gold refining licence.

Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]

No missing names, govt says; set to start payment of ex-Nigerian Airways staff

The account of those verified would be credited with their entitlements this week says an official.

PENCOM

PFAs invest N1.49 trn in Treasury Bills

The commission also disclosed that the PFAs invested N4.22 trillion in federal government’s bonds.

Central bank of Nigeria (CBN)

CBN injects $337m, CNY53m into Inter-Bank Forex market

The bank had on Tuesday injected $210 million in the Inter-Bank foreign exchange market.

Nigeria Stock Exchange (NSE)

Dangote Cement maintains price leadership on NSE

The market indices rebounded by 0.54 per cent.

Shell-and-Eni

MALABU SCANDAL: Shell, Eni officials’ trial continues as anti-corruption group head appears before court

The trial resumes Wednesday October 24 in Milan.

Femi Falana (SAN)

Falana wants Nigerian govt to recover over $100 billion unremitted royalties from oil firms

Over $12.7 billion was lost through crude oil theft between 2011 and 2014.

Naira notes

Naira exchanges at N364. 33 to dollar at investors’ window

The Nigerian currency closed at N306.50 the dollar as the official CBN window on Thursday.

nigerian_stock_exchange

NSE market indicators rebound on bargain hunting

Dangote Cement recorded the highest price gain with N6 to close at N206 per share.

African Development Bank

AfDB supports Nigeria’s SMEs, women-owned enterprises with $50 million credit

The facility is for selected transformative sectors.

Abike Dabiri

Nigerian govt targets 200 investors for Diaspora investment summit

Nigerians in Diaspora currently remit $22 billion into the nation through formal channels.

Pic 19. FEC MEETING

Nigerian govt plans leaner 2019 budget – Minister

Government plans to propose N8.6 trillion budget to the National Assembly by November

How N630 million loan sets First Bank against Abuja school

The over half-a-billion naira credit has now led to multiple litigations, threatening a high-end Abuja school.

Finance minister, Zainab Ahmed. [PHOTO CREDIT: Daily Trust]

FG to pay 50% ex-Nigerian Airways staff benefits from next week – Minister

The minister also says Mr Buhari has given approval for the payment of the last Paris Club refund to states but with attached conditions.

Babatunde Fowler, FIRS Chairman

How technology helped FIRS boost VAT collection by 64% – Official

The FIRS boss says the use of technology has increased the country’s tax revenue base by 800,000 corporate accounts.

Chambers of the Nigerian Senate used to illustrate the story.

Senate approves $82.54 million Eurobond, warns Buhari against external borrowing

The money will be used to refinance the balance of $500 million matured Eurobond in the International Capital Market.