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12

Nigerian corporates shy away from capital market as cost of debt soars

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Nigerian corporates retreat from the capital market as CBN's rate hikes surge borrowing costs, impacting new listings and economic growth.

DMO sold treasury bills valued at N617.92 billion in June- FMDQ report

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The Debt Management Office (DMO) sold Treasury Bills (T.bills) valued at N617.92 billion across its auctions in June 2024.

11

Lafarge Africa launches ECOPlanet, Nigeria’s 1st low carbon multipurpose cement

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Lafarge Africa Plc is pleased to announce the launch of ECOPlanet Unicem, Nigeria's 1st low carbon multipurpose cement.

RT Briscoe launches first-ever money market fund

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RT Briscoe Nigeria Plc is proud to announce the launch of its first-ever fund, the "R.T. Briscoe Savings and Investment Fund", following approval from the Securities and Exchange Commission (SEC).

Guinness™ announces its partnership with Big Brother Naija as the gold sponsor for its 9th season

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Premium iconic Beer, Guinness™ is proud to announce its return as Gold Sponsor for the 9th season of Big Brother Naija!

Owerri-based businessman wins brand new SUV at Access Bank DiamondXtra Season 16 promo

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Access Bank Plc has rewarded a lucky customer with a brand-new SUV as part of its star prize rewards in the ongoing 16th Season of the DiamondXtra rewarding scheme.

10

Bonny Light settles at $88 a barrel amid Israeli-Houthi conflict

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Bonny Light crude reaches $88 per barrel amid Israeli-Houthi conflict, with rising tensions and potential September rate-cut signs.

09

Windfall tax: FG collecting taxes on already reported profit could deter future investment – PwC

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Tax and Advisory Service firm, PricewaterhouseCoopers (PwC) has stated that the federal government’s latest legislation to tax already reported profits of banks in 2023 could deter future investments into the country.

Dangote refinery to import crude oil from Libya

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The Dangote Refinery in Lagos is in discussions with Libya to import crude oil for its 650,000 barrels per day plant as it increases production.

Why NIPOST has been unable to meet its delivery timelines across Nigeria – Postmaster-General

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The Postmaster-General of the Federation, Ms Tola Odeyemi, has blamed poor road infrastructure for the Nigeria Postal Service’s (NIPOST) inability to meet some of its timelines for parcel delivery according to Nigeria.

08

Debt service costs gulp 74% of FG’s revenue in Q1 2024

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Debt service costs have consumed about 74% of the federal government’s retained revenue in the first quarter of 2024.

Sunday, Jul 21

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“Let them (NNPCL) buy me out and run the refinery” says Aliko Dangote amid monopoly allegations

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Africa’s wealthiest man, Aliko Dangote, has announced his willingness to sell his multibillion-dollar oil refinery to the state-owned energy company, NNPC Limited.

23

US President Joe Biden endorses Kamala Harris Democrat Presidential nominee for 2024 election

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United States President Joe Biden has officially endorsed Vice President Kamala Harris for the position of the Democrat's Presidential flag bearer at the forthcoming presidential poll in the US.

21

US President, Joe Biden, pulls out of reelection bid amid concerns over health, age

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President of the United States of America (US), Joe Biden, has announced the end of his reelection campaign after fellow Democrats questioned his mental acuity and ability to defeat Donald Trump, leaving the presidential race in an…

17

eNaira makes up less than 1% of currency in circulation as of March 2024

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Nigeria’s Central Bank Digital Currency (CBDC), eNaira, makes up less than 1% of the total currency in circulation as of March 2024, almost three years after it was launched.

Meet 10 influential female HR & Talent management professionals in Nigeria

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Nigeria boasts a population of approximately 200 million with about 70% of the population under 30, and 42% is under the age of 15.

16

Energy Expert Kelvin Emmanuel on Dangote Refinery Challenges and NNPC’s Strategic Stake.

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Co-founder and CEO of Dairy Hills and energy expert, Kelvin Emmanuel, discussed Dangote refinery and NNPC stake in it. He also shared insights on why the 650,000pbd is struggling to get supply from IOC and what it all means to the Nigeria…

I took a Round Trip on the Lagos Blue Line Metro: Here’s what I discovered

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On a Wednesday morning, at around 20 minutes past 9 am, I arrived at the Blue Line Mile 2 station to experience my first train ride on Nigeria’s first electric metro rail line.

15

Nigerian Banks and their FX gains

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Nigeria's leading commercial banks recorded significant FX revaluation gains, estimated at a combined total of N3.37 trillion in 2023 and Q1 2024, primarily due to the devaluation of the Naira last year.

CBN’s plan to use Dormant account balances for treasury bills and government securities.

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Ugodre looks into the Central Bank of Nigeria’s (CBN) recent plan to utilize dormant account balances for treasury bills and government securities. He explores the implications of this policy on the banking sector, financial regulation,…

FG unveils climate change on healthcare policy in Nigeria

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The Federal Government, alongside key stakeholders, unveiled a climate change on healthcare policy document in a move to address the growing impact of climate change on healthcare delivery in Nigeria.

Nigeria’s first Sukuk bond of N100 billion to mature in September this year

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Nigeria's first Sukuk bond of N100 billion, which was issued on September 26, 2017, is set to mature on September 26, 2024.

Meet Afam Osigwe, Nigerian Bar Association’s 32nd President 

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A Senior Advocate of Nigeria (SAN), Afam Osigwe has won the presidential election of the Nigerian Bar Association (NBA)  which was held on Saturday.

Access Holdings: Success in acquisition, struggle with shareholder value

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Access Holdings has since blown past competing with Nigerian banks and has now set its sights on the continent. This time, they want to be among the top 5 banks in Africa (the bank was not clear by what measure).

14

Nollywood stakeholders urge FG to not dissolve National Film and Video Censors Board

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Industry leaders within Nigeria’s vibrant Nollywood sector have called on the Federal Government to retain the National Film and Video Censors Board (NFVCB) in its current parastatal status, amidst the implementation of the Oronsaye Report.

Nigerian box office crosses N5 billion in revenue so far in 2024

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The Nigerian box office has grossed over N5 billion within the first seven months of 2024, setting an ambitious target of N10 billion by the year’s end. This promising outlook is based on data released by the official Nigerian box office…

13

Why we sold off our flour mill in Nigeria – Aliko Dangote

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Africa’s richest man and CEO of Dangote Group, Aliko Dangote, has explained why his company decided to sell off its flour mill in Nigeria in 2019.

11

Fraud: Ex-NIRSAL boss accuses EFCC of requesting forfeiture of N1.5 billion “legitimate earnings” of consultant

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A former Managing Director of the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Aliyu Abatti Abdulhameed has urged the Federal High Court sitting in Abuja not to grant a final order of forfeiture against a…

10

United Capital tops the week’s gainers with 42.78%, as investors position for interim dividends

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United Capital Plc was the top gainer in the NGX for the week ending July 19, 2024, with its share price appreciating by 42.78% to close the week at N40.55.

U.S introduces International Entrepreneur Rule (IER) for non-citizen entrepreneurs seeking to establish, grow startups

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The United States has introduced the International Entrepreneur Rule (IER) for non-citizens who are entrepreneurs seeking to establish and grow their startups in the US.