Posted in NAIJA BIZ

International Breweries may be muscling the ‘Big Two’

As consumers across the world switch their consumption of beers to spirits, brewers are feeling the pinch. AB Inbev, one of the world’s largest brewers saw a decline…

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CBN lists 34 Primary Mortgage Banks

No fewer than 34 Primary Mortgage Banks (PMB) have been licensed by the Central Bank of Nigeria (CBN) to operate in the country. While 50…

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PRC no longer required for clearing cargoes -SON

The Director-General, Standards Organisation of Nigeria (SON), Osita Aboloma has announced the parastatal’s decision to remove its Product Registration Certificate (PRC) required for clearing cargoes at the…

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Ghana envoy summoned over Nigerian-Ghanaian traders crisis

Following the closure of over 400 Nigerian businesses in Ghana, the President Muhammadu Buhari-led administration has summoned Ghanaian High Commissioner to Nigeria, Rashid Bawa. The crisis had…

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Could these be the 3 illiquid banks flagged by CBN ?

The Central Bank of Nigeria (CBN) had this week released its economic report for the half year ended June 2018. In a section, the apex bank had stated…

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Two global banks close offices in Nigeria as foreign investment falls

Global banking giants, HSBC Bank and UBS Group have shut their offices in Nigeria. In a report released by the CBN, foreign Investment into the…

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AFC to ink $100 million investment deal in Nigeria’s mining sector

The Senior Vice President of Africa Finance Corporation, Investments, Begna Gebreyes has announced that the financial agency is about to ink a $100 million (N36.5…

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How Nigeria’s PMI keeps growing for 19 consecutive months

The Central Bank of Nigeria (CBN) said the country’s Purchasing Managers’ Index (PMI) continued to grow for the nineteenth consecutive month in October, now standing at…

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NSE lifts suspension on Unity Bank

The Nigerian Stock Exchange (NSE) has lifted suspension in the trading of Unity Bank’s shares. This follows the bank’s release of its results for the full…

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CBN places PSBs on minimum capital requirement of N5 billion

The Central Bank of Nigeria (CBN), has placed a N5 billion minimum capital requirement for Payment Service Banks (PSB) to operate in Nigeria. The apex bank…

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Meet Haleemat Busari, First Bank Director who’s Jimi Agbaje’s running mate

First Bank, Sierra Leone serving Director, Haleemat Busari has been announced as a preferred candidate to run alongside Lagos State governorship aspirant, Jimi Agbaje. In a statement…

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CBN waves red flag at three commercial banks

The Central Bank of Nigeria (CBN), in its economic report for the half year ended June 2018sounded a note of caution concerning three financial institutions in…

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Atikunomics explains how Nigeria’s fuel price can be reasonably reduced

Ahead of Nigeria’s 2019 general elections, the presidential candidate of the People’s Democratic Party (PDP), Alhaji Atiku Abubakar, has intensified his electioneering campaign, this time…

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Ahead of 2019 elections, NNPC signs fuel supply deal with British Petroleum

The Nigerian National Petroleum Corporation (NNPC) has announced the signing of a crude for product deal with the British Petroleum (BP) for the next six…

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Posted in NAIJA BIZ Uncategorized

Why Kogi State shut down facilities belonging to Airtel, MTN, and Forte Oil

Facilities belonging to the Bank of Agriculture (BoA), Forte Oil, Airtel, and MTN Nigeria were yesterday shut down by the Kogi State Internal Revenue Service as a…

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OPEC recorded its highest output in two years last month

It appears the Organisation of Petroleum Exporting Countries (OPEC) finally succumbed to pressure to increase oil output, as available facts show that its members, last month,…

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This medium priced stock has hit a year high amidst a bear market

The Nigerian Stock Exchange (NSE) ended the month of October on a bearish note, down 0.75%. Year to date, the All Share Index is down…

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Posted in NAIJA BIZ Uncategorized

NSE suspends Unity Bank, 5 others from trading

In a notice posted to its website today, the Nigerian Stock Exchange (NSE) announced the suspension in trading of the shares of the following companies:…

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Posted in NAIJA BIZ Uncategorized

Nigerian assets that may be taken over by China

A few weeks ago, there was a deep outcry in Lusaka, Kitwe, Chingola, Ndola, Livingstone and all other Zambian cities and towns. What could be…

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NNPC’s subsidiary to ship crude again after years of inactivity

NIDAS Shiping Services Limited, a subsidiary of the Nigerian National Petroleum Commission (NNPC), will resume crude freighting services after nearly ten years of suspended operations….

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