A.G Leventis Offers to Buy out Minority Shareholders, to Delist from NSE
AG.Leventis (Nigeria)Plc yesterday said, Boval S.A acting on behalf of itself, Leventis Holding S.A, and Leventis Overseas Limited, which are...
FG reiterates plans to reduce stake in oil JVs to spur growth
Minister of State for Petroleum Timipre Sylva has reiterated the Federal Government’s resolve to reduce its stake in the joint...
FMDQ Boss Lists Benefits of Depository Subsidiary to Financial Markets
The Managing Director/Chief Executive Officer, FMDQ Securities Exchange Plc, Mr. Bola Onadele.Koko has said that an effective and fully developed...
Linkage Assurance Seeks Shareholders’ Approval to Raise Funds
The board of directors of Linkage Assurance Plc is seeking shareholders’ approval to raise fresh capital in order to comply...
Access Bank, Barclays, Others Launch Global Banking Principles
Access Bank Plc has launched the Global Principles for Responsible Banking. The bank which is as one of the founding...
United Capital Launches Nigerian Diaspora Trust
With an increasing number of Nigerians living in the diaspora who want to start and grow investments back home, United...
Agusto & Co assigns “Bbb-” rating, a negative outlook to Mixta Real Estate
Agusto & Co. Limited whose strong credibility presence and ratings are globally accepted in Nigeria, and across the globe has...
More retirees opting for annuity plan as insurance gets N371b premium
The insurance industry has received N371.21 billion premium on life annuity for retirees from the pension industry since inception of...
NEITI: N28.58tn Remitted to Federation Account in Five Years
The Nigeria Extractive Industries Transparency Initiative (NEITI) yesterday put the total amount remitted to the Federation Account between 2012 and...
IEI Anchor’s pension assets rise to N92bn
IEI Anchor Pension Managers Limited says its pension assets under management rose by 35 per cent to N92bn in the...
Telecoms Sub-sector Lost N221bn in Two Years
Value Added Service (VAS) operators, a sub-sector in the telecoms industry, operating under the aegis of Wireless Application Service Providers...
Sell-off persists, indices fall further by 0.3 per cent
Investors continued to dump the shares of highly capitalised stocks in the equities sector of the Nigerian Stock Exchange (NSE)...
‘Africans in Diaspora remit $40b yearly’
There are over 32 million Africans in the Diaspora, accounting for $40 billion remittances yearly, and savings of about $53...
Stop debtors from contesting elections, judge urges AMCON
Now that the Asset Management Corporation of Nigeria (Amendment) Act 2019 has been signed into law by President Muhammadu Buhari,...
NIPOST Raids Three Illegal Courier Operators in Lagos
The Nigerian Postal Service (NIPOST), through its Courier Regulatory Department (CRD), recently clamped down on three courier operators in Lagos,...
Nigeria to earn $6.35bn in taxes, royalties – NNPC
The Nigerian National Petroleum Corporation on Sunday announced that it had secured the closure of $875.75m alternative financing deal for...
SEC Moves to Develop Commodities Trading Eco-system
The Securities and Exchange Commission (SEC) is seeking the buy-in of policy makers and agencies of government as well as...
Non-passage of PIB, regulations drag about $100b oil projects
With drawbacks in the passage of the Petroleum Industry Bill (PIB), as well as various unfavourable fiscal and regulatory frameworks,...
FMBN needs N500b to achieve affordable housing
THE Federal Mortgage Bank of Nigeria (FMBN) has urged the Federal Government to look into the need to recapitalise the...
CBN restricts forex for importation of cassava products
The Central Bank of Nigeria has said it will no longer provide foreign exchange for the importation of cassava, starch,...
Airbus Forecasts Need for over 39,000 Aircraft in 20 years
The world’s passenger and freighter aircraft fleet is set to more than double from today’s nearly 23,000 to almost 48,000...
FAAC allocates N720.8bn to FG, states, LGs
The Federation Accounts Allocation Committee on Thursday allocated the sum of N720.88bn to the three tiers of government. The N720.880bn...
CBN backs land border closure, invests N146bn in rice farming
The Central Bank of Nigeria (CBN) has backed the federal government’s closure of all land borders saying the closure has...
All-Share Index Sheds 0.13% as Banking Stocks Lead Price Losers
The Nigerian equities market closed on negative note yesterday following losses suffered by banking stocks. The market, which had recovered...
Aviation biofuel production gets $2m boost ahead of 2023 target
The quest for the production of Sustainable Aviation Fuel (SAF), such as aviation biofuels, has received a boost with a...
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