September 11
Nigeria: Data Centres - Forex Instability, Low FDI Threaten $230m Investment
The volatility of the foreign exchange (forex) market and declining foreign direct investment (FDI) are threatening over $230 million worth of investments in the data centre… Read more »
August 07
Nigeria: 102 Companies Close Shop in Nigeria in 24 Years
Over the past 24 years, a stark decline in the manufacturing sector has been observed across Nigeria, leading to the unfortunate closure of 102 companies in 16 states. Read more »
June 11
Nigeria: Equities Open Week Trading Up By N324bn Gain
Nigerian equities yesterday opened the week on a positive note, extending gains from the previous session as the overall capitalization closed N324 billion stronger. Read more »
May 23
Nigeria: Hard Times for Businesses... 21 Companies Shut Down in Kano in 3 Years
No fewer than 21 companies have shut down operations in Kano State in the last three years due to the harsh economic environment. Read more »
April 29
Nigeria: Recapitalisation - Banking Stocks Decline By N2.069trn in 16 Days
Nigeria's listed banking stocks' value declined by N2.069 trillion in 16 trading days following the announcement of the recapitalisation exercise by the Central Bank of Nigeria… Read more »
April 21
Nigeria: Naira Will Continue to Appreciate Against the Dollar - Shettima
Vice President Kashim Shettima has expressed optimism about the performance of Nigeria's currency, the Naira, at the forex market, saying it will appreciate more as the dollar… Read more »
April 17
Nigeria: Naira Dips to N1,050 As Foreign Reserves Deplete to 7-Year Low
The value of the naira rescinded some of its gains yesterday selling at N1,050 to the dollar at the parallel market, as the external reserves of the country declined to its lowest… Read more »
February 21
Nigeria: CBN's Move to Restore Confidence, Boost Forex Liquidity
The Central Bank of Nigeria has in the past week issued series of circulars aimed at boosting liquidity in the foreign exchange market as well as ensuring stability of the banking… Read more »
February 14
Nigeria: Improving Forex Liquidity to Boost Reserves
When the Governor of the Central Bank of Nigeria Mr Olayemi Cardoso mounted the microphone on the floor of the House of Representatives to reveal the frightening figure of the… Read more »
February 12
Nigeria: Analysts Predict Bearish Trend in Equities Market This Week
Analysts on the Nigerian capital market said, the current bearish trend is expected to persist as investors seek refuge in fixed-income instruments amid dividend expectations. Read more »
December 06, 2023
Nigeria: P&G Pulls Back From Nigeria, Argentina's Markets in Restructuring Move
Nigerian consumers will soon see fewer Procter & Gamble (P&G) products on shelves, as the American multinational consumer goods company announced a limited market portfolio… Read more »
September 18, 2023
Nigeria: Tinubu to Ring Nasdaq Closing Bell Wednesday
President Bola Tinubu will ring the closing bell of NASDAQ in New York, United States as part of proceedings at the Executive Business Dialogue organised by United States Chamber… Read more »
May 31, 2023
Nigeria: Nigeria Enhances Global Offshore Drilling Riser Markets Estimated to Hit $4.1bn
Nigeria has been classified as a major crude exploration hub in Africa, driving the global offshore drilling riser market estimated to reach $4.1 billion by 2023 and $4.9 billion… Read more »
February 12, 2023
Nigeria: Niger Sues Federal Govt Over Naira Redesign As Rural Markets Close
The Niger State government has joined the list of state governments that have filed suits against the federal government on the naira redesign policy of the Central Bank of Nigeria… Read more »
December 01, 2022
Nigeria: SEC to Continue Enforcement Against Ponzi Schemes
The Securities and Exchange Commission (SEC), has assured the investing public that it will continue to deploy its enforcement mechanisms including collaboration with other… Read more »
November 29, 2022
Nigeria: $89bn Illicit Funds Taken Out Annually Through Anonymous Companies
Anonymous companies in Europe have been helping corrupt individuals to rob African nations of nearly $89 billion annually through illicit financial flows as civil organisations… Read more »