The World Bank is unlikely to approve a much-needed $1.5 billion for Nigeria in August as planned due to concerns over desired reforms, three sources familiar with the talks told Reuters.     A delay in financing from multilateral lenders could leave Africa’s biggest economy […]

  The Minister of Industry, Trade and Investment, Otunba Richard Adeniyi Adebayo, has said the newly signed Companies and Allied Matters Act (CAMA) would transform the business environment. Speaking when he received a delegation from the Corporate Affairs Commission (CAC), the Minister said the implementation of CAMA would help Nigeria […]

Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns. This is just as major producers ramp up output. *Oil prices steady after Navarro’s comments *Oil prices steady following news of […]

It was a brief trading week as the Market opened for three days in observance of the Thursday and Friday public holidays, declared by the Federal Government to mark the Eid-El-Kabir celebration. A total turnover of 421.984 million shares worth N5.337 billion in 11,801 deals were traded last week by […]

Price appreciation in Dangote Cement (+5.7percent), Guaranty Trust Bank (+7.6percent) and Wapco (+9.6percent) drove the benchmark index up 146bps to settle at 24,783.61 points. Consequently, investors gained N185.6bn as market capitalisation advanced to N12.9tn while year-to-date loss moderated to -7.7percent. Dangote Cement posts N162.9bn profit in 6 months FG suspends […]

The impasse between the Corporate Affairs Commission (CAC) and lawyers over the newly introduced mailing system for registered company certificates escalated on Monday with protesting lawyers carrying placards in front of the CAC’s headquarters expressing their opposition to the new policy. Apart from denouncing the new policy, the protesters also […]

The stock market recorded a positive performance as gains in Dangote Cement (+10.0percent) and MTNN (+7.4percent) drove the benchmark index up 140bps to settle at 24,512.27 points. Consequently, investors gained N176.7bn as market capitalisation advanced to N12.8tn while year to date loss moderated to -8.5percent. .Equities market closes flat despite […]

The President of ECOWAS Commission, Jean-Claude Kassi Brou, has said that the implementation of the African Continental Free Trade Area (AfCFTA)  remains critical to a fully integrated single continental market for goods and services and sustainable growth of Sub-Saharan Africa’s economies. At the opening of a virtual workshop held Tuesday, […]

                  The Managing Director of the Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru, has charged all AMCON partners, especially in the receivership business, not to allow a few individuals to escape with the commonwealth of Nigerians. Mr. Kuru, who spoke […]

                  Proceedings have resumed at the African Court for Peoples and Human Rights and the ECOWAS Community Court of Justice courts with some major decisions reached virtually. The judgments include the application by a citizen of the Republic of Tanzania challenging the […]