Posted in NAIJA BIZ

See if your Micro-Finance Bank is licensed by the CBN

The Central Bank of Nigeria (CBN) has just released a list of licensed Micro-finance Banks (MFBs) in Nigeria as of June 30th, 2019. According to the…

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ExxonMobil finds a foe in Femi Falana following the firm’s N684 billion debt mess

Oil giant, Mobil Producing Nigeria Unlimited (ExxonMobil) found itself in a debt mess of N684 billion after the involvement of Human Rights lawyer, Femi Falana in…

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SEC may not be able to impose N89.7 million fine on Oando anymore

The Securities and Exchange Commission (SEC) may have lost the authority to carry out the planned imposition of N89.7 million fine on Oando Plc. The…

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Uber extends routes to Benin City to compete with Taxify

Multinational transportation company, Uber, is set to launch operation in Benin City, Edo State. The company, which has become a household name in Lagos and Abuja,…

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Access Bank and Union Bank refute acquisition rumours, but history contradicts claims

Africa’s largest lender by customer base, Access Bank Plc, has reacted to media reports that it is planning to acquire Union Bank of Nigeria Plc less than six…

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How GEIL’s $350 million deal with international firms will be deployed

In what can best be described as a giant move, Green Energy International Limited (GEIL), has sealed a deal of $350 million with some unnamed international…

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Zenith Bank and First Bank hustle for one customer

There is no doubt that there is a stiff competition in Nigeria’s banking sector. And with the recent trend encountered on social media between First…

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Foreign investors are avoiding these sectors like a flea

Foreign Investment into Nigeria in the first quarter of 2019 rose to $8.4 billion compared to $6.3 billion in the same period of 2018. Whilst…

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Peak Milk shows RUGA isn’t needed in Southern and Western Nigeria

Peak Milk’s latest business move in Niger State has reopened discussion regarding the Rural Grazing Area (RUGA) settlements for Fulani Herdsmen which was proposed by President Muhammadu…

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Is sports betting gradually making Nigerian youths lazy?

There is an ongoing debate on Twitter on whether sports betting is truly a sustainable business model or simply a means some young entrepreneurs are…

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Nigeria’s internet download speed ranks one of slowest in the world

Nigeria’s internet download speed has gone from bad to worse as a report from the UK-based price comparison website, Cable, revealed that the country’s internet download…

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According to CSL’s H2 economic outlook, Nigeria is walking on eggshells

Against the backdrop of a pessimistic global outlook for 2019, we maintain our growth forecast for the Nigerian economy at 2.1% y/y in 2019. We expect…

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Fidson Healthcare lists additional shares on NSE but falls short of capital target

Pharmaceutical firm, Fidson Healthcare Plc has listed more shares on the Nigerian Stock Exchange (NSE). The company disclosed that the additional shares were listed by way of a Rights Issue,…

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Signing AfCTA agreement; Our concerns for Nigeria by CSL Stockbrokers

Over the weekend, the president, as earlier announced, signed the African Continental Free Trade Area (AfCTA) agreement at an extraordinary summit of the African Union (AU)…

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Reasons why CBN directed DMBs to loan out their deposits revealed

For any country to survive, it economy must boom, and for this to happen, there must be a transformation made possible by the creation of…

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Three reasons the NSE expelled 38 stockbroking firms in six months

Thirty-eight stockbroking firms have been expelled from the Nigerian Stock Exchange (NSE) in the last six months. This takes the total number of firms expelled in the…

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UNDP to partner with Tony Elumelu Foundation to support youths in Africa

Youths are known for strength, creativity, and curiosity, especially in the areas of information and entrepreneurship. This is why any serious country that has a…

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Here’s how to invest in US stocks from Nigeria

The US stock market is the biggest stock market in the world, accounting for over 50% of global stock market value. The combined market capitalization…

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Campaign to restrict foreign airlines continues as Air Peace flies Lagos-Dubai route

For years, there have been disagreements between domestic airline operators and the Federal Government over the supposed self-inflated Bilateral Air Services Agreement (BASA) with foreign countries….

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How AfCFTA affects every Nigerian Business

On Sunday, July 8 2019, Nigeria’s President, Muhammadu Buhari, signed the African Continental Free Trade Agreement (AfCFTA); joining over 50 other African countries in ratifying what…

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