Category: Business
As government across the world continue to study the essence and rise of bitcoin and other cryptocurrencies, the latest country to decide on creating it’s own digital coin is the United Kingdom. The new Britain cryptocurrency will be backed by government authority and used by households and businesses to transact, but the UK government said its […]
Another week of trading starts today, with over 100 companies jostling for the attention of investors at the Nigerian Stock Exchange, while trying to hold on to shareholders already in their grip. Before joining the bandwagon of company of choice, it’s important to take note of their recent activities that could have possible short-term and […]
The Governor also said that the final document of the agreement should be ready for implementation by May 2021. The Governors’ Forum, Conference of Speakers of State Legislature and other governance stakeholders announced that they reached a resolution over the implementation of financial autonomy for State Legislature and Judiciary. This was disclosed by the Ekiti State Governor […]
The Minister also denied claims that the FG printed N60 billion as top-up for March FAAC numbers. The Minister of Finance, Zainab Ahmed, has called on Governments on all levels in Nigeria to control spending amid decreasing revenues and urged for prudent government spending. The Minister also denied claims that the Federal Government printed N60 […]
There would be no increase in the ex-depot price of Premium Motor Spirit in the month of May 2021. The Nigerian National Petroleum Corporation (NNPC) has assured Nigerians that there would be no increase in the ex-depot price of Premium Motor Spirit, popularly known as Petrol in May. This was disclosed by the Group Managing […]
The Dangote Cement Plc. has denied selling its products at higher rates in Nigeria than elsewhere, saying it has instead lost dollar earnings to meet local demand. The firm said the price of a bag of cement from its factories and plants in Obajana and Gboko is N2,450, and N2,510 at Ibese. Devakumar Edwin, the […]
The Federal Government on Thursday inaugurated an Alternative Dispute Resolution Center (ADRC) to quicken the resolution of disputes in the oil and gas industry in Lagos. It also inaugurated a six-member Advisory Council and a 20-member Body of Neutrals to mediate on disputes before the ADRC, which is one of the units of the National […]
The Department of Petroleum Resources has revealed that BUA group received a license renewal with 27 other investors. The agency had posted the names of the companies on its website. The license had become invalid three years ago. The renewal will pitch the company against its market rival, Dangote Group, already figthing over market shares […]
The SEC has stated that it is in discussion with the CBN to better understand and regulate the crypto-assets market. The Securities and Exchange Commission (SEC) has revealed that it is working with the Central Bank of Nigeria (CBN) for a better understanding and regulation of cryptocurrencies in the country. This is coming after CBN […]
A payment gateway is a technology used to accept and hasten debit or credit card purchases from customers. Many businesses in Nigeria have adopted the online payment method because it is safe, fast, secure, and convenient. In recent times, fintech startups in Nigeria have developed safer payment channels to help businesses conveniently receive online payments. […]
The Agreement is for new development cooperation with initiatives towards achieving Sustainable Development Goals set in the UN Agenda 2030. The Nigerian Government has signed a deal with the United Nations to develop new cooperation towards achieving Sustainable Development Goals. This was disclosed by the Minister of Foreign Affairs, Geoffrey Onyeama, in a statement on Thursday after […]
For Godwin Emefiele, the governor of the Central Bank of Nigeria (CBN) and those that still doubt the credibility of bitcoin and other cryptocurrencies, Coinbase initial public offering on Nasdaq is your answer. The cryptocurrency trading platform listed on the second-largest stock exchange in the world, became a $86 billion company due to investors high interest in […]
Nigeria is to benefit from oil-rich Qatar, as the Arab country plans to invest $5 billion into Africa’s largest economy. The investment decision was made following an exchange visit by leaders of both countries. In 2016, President Muhammadu Buhari had visited Qatar, while His Highness Tamim Bin Hammad Al-Thani visited Nigeria in 2019. During these periods, […]
Dangote’s Group Executive Director, Strategy, Portfolio Development & Capital Projects, Devakumar Edwin, has expressed surprise that its cement products are sold at an higher price in the Nigerian market. Edwin said contrary to claims that the company’s cement product is cheaper in Ghana and Zambia, he revealed that Nigeria’s price is lower. He said Dangote […]
Persianas, a Nigerian property group, will take over Shoprite’s operations in Nigeria at the conclusion of a bidding process. Nigerian property group, Persianas, will take over Shoprite’s operations in Nigeria after a bidding process was concluded. The company is reportedly arranging debt to finalise the deal. This was disclosed in an exclusive report by Reuters on Wednesday. According […]
