The Securities and Exchange Commission (SEC), has concluded plans to commence verification for Nigerians that invested monies in Dantata Success and Profitable Company, Kano. Mrs Efe Ebelo, SEC’s Head of Media, said this in a statement on Wednesday in Abuja. Ebelo said the exercise was part of SEC’s measures to refund the investors their monies. […]
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Samsung Electronics Co Ltd may have a chance to strengthen its position in the smartphone market due to the hurt caused to Huawei Technologies Co Ltd in the wake of U.S.-China trade tensions, according to Fitch Ratings. Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates […]
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MTN Nigeria Communications on Friday recorded its first price loss on the Nigerian Stock Exchange (NSE) after listing on May 16. The News Agency of Nigeria (NAN) reports that the stock dipped N9 to close at N140 per share following profit taking. MTN Nigeria on May 16 listed a total of 20.35 billion shares at […]
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The Vice President of Nigeria, Professor Yemi Osinbajo has revealed that in the next four years, the Federal Government would take a more active look at how to scale up its interventions, the reason for which the Federal Government is setting up an Entrepreneurship Bank which is one of the key ways by which it […]
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The Nigerian Communications Commission (NCC) on Tuesday said that MTN has paid N275 billion SIM infraction fine as balance of N55 billion was due this month Prof Umar Danbatta, Executive Vice Chairman of NCC, made this known in a statement in Abuja Danbatta spoke on the state of MTN fine payment at the valedictory service […]
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The monetary policy committee (MPC) of the Central Bank of Nigeria (CBN) says it is retaining the monetary policy rate, which measures interest rate at 13.5%. Speaking in Abuja on Tuesday after the meeting of the committee, Godwin Emefiele, governor of the Central Bank, said nine members voted to hold rates. The asymmetric corridor was […]
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As efforts are on course to reposition the Mining and Steel sector to take its pride of place as first among equals in terms of contributions to national economic growth, the Minister of State for Mines and Steel Development, Hon. Abubakar Bawa Bwari has said that government will continue to collaborate with International financial partners […]
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U.S.-China trade war has boosted the risk of a U.S. recession, say a strong majority of economists polled by Reuters, who now put the chances of that happening in the next two years at 40 per cent. That is up from a median 35% in last month’s poll, the first time it had dipped slightly […]
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The Naira on Thursday closed at N360.35 at the investors’ window. Market turnover at the window stood at N152.09 million dollars. The naira remained stable at the parallel market in Lagos, exchanging at N359 to the dollar, while the Pound Sterling and the Euro traded at N472 and N402, respectively. At the Bureau De Change […]
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Rotimi Akeredolu, governor of Ondo state, says the state could diversify its economy by tapping into the marijuana market. In a tweet on Monday, Akeredolu explained that with an estimated value of $145 billion in 2025, the state would be shortchanging itself if it ignores the marijuana business. “We all know that Ondo State is […]
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