BUSINESS DAY
ETI, Champion Breweries, Others Cause Market To Strengthen Further By 0.20%
Nigeria’s equities market on Tuesday continued its journey northward, driven by stocks like Ecobank Transnational Incorporated (ETI), Champion Breweries, Honeywell Flourmills and other advancers. The Nigerian Exchange Limited (NGX) All-Share Index (ASI) and its Market Capitalisation appreciated further on Tuesday by 0.20percent or N47billion… Read More
Airtel Strengthens Sustainability Plans With $194m IFC Facility
Airtel Africa Plc has signed a new $194 million facility with the International Finance Corporation (IFC), a sister organisation of the World Bank and a member of the World Bank Group.The new financing facility is in line with Airtel’s Africa strategy to increase debt within its operating companies. The facility has a tenor of eight years and will be… Read More
GUARDIAN
As Energy, Raw Materials Crises Push Manufacturers To The Cliff
Governments, households, and firms are grappling with an energy and cost-of-living crises that were exacerbated by the war in Ukraine. For Nigerian manufacturers, this was not the expectation at the beginning of the year, even though some of the challenges had lingered. With high inflation and rapidly tightening monetary policy however, local… Read More
VANGUARD
CBN Limits Cash Withdrawals To N100,000 Weekly
The Central Bank of Nigeria (CBN) has restricted cash withdrawals from over-the-counter, Automated Teller Machines (ATMs) to N100, 000 and N500, 000 per week for individuals and corporate organizations, respectively. The apex bank disclosed this yesterday in a circular to all deposit money banks (DMBs) and other financial institutions… Read More
ECONOMY HEADLINES
SUN
2023: Risk Managers Seek Products To Hedge Political, Security Risks On Customers, Economy
The security and political risks associated with the forthcoming general elections could be unprecedented if not checked. Already businesses across board are feeling the impact (negatively). With heightened tension and palpitations over the fate of Nigerians in the nearest future, risk managers and analysts are worried over assurances… Read More
GUARDIAN
Economists Charge FG To Allocate 2% Of 2023 Budget For Insurance Premium
For the Federal Government to rally its insurance obligation as the highest financier, there is a need to set aside two per cent for insurance premiums yearly from the non-debt expenditures to safeguard the government’s properties in the country. This was the position of the former Director General of the Lagos Chamber of Commerce… Read More
PUNCH
Agropreneurs Want Devt Of Vegetables For Commercial Gains
Experts in the vegetables and fruits subsector have bemoaned the huge loss accruing to the Nigerian economy due to a lack of knowledge and willpower to harness the potential of vegetables and fruits for commercial gains. The Chairperson, Agriculture and Allied Group of Lagos Chamber of Commerce and Industries, Mrs Edobong Akpabio… Read More
POLITICAL HEADLIINES
VANGUARD
2023 Elections: Nigerians In Diaspora Sue Buhari, INEC
Nigerians in diaspora have dragged President Muhammadu Buhari and the Independent National Electoral Commission, INEC, before a Federal High Court sitting in Abuja, insisting they must be allowed to participate in the 2023 general elections. The plaintiffs, who told the court that they are resident in the United Kingdom and various… Read More
LEADERSHIP
2023 Elections Will Be Difficult To Rig, President Muhammadu Buhari Declares
President Muhammadu Buhari yesterday reiterated that the 2023 general election would be free, fair and credible, saying manipulations would not be allowed in any form. The president spoke when he played host to West African Elders Forum Pre-Election Mediation Mission, led by former Sierra Leonean President, Dr Ernest Bai Koroma… Read More
TECHNOLOGY HEADLINES
GUARDIAN
Despite Challenges, Tech Businesses In Nigeria Plan Local Expansion Despite various challenges confronting the Nigerian economy, businesses are planning local expansion. This was contained in the Equinix 2022 Global Tech Trends Survey, where 100 business leaders in Nigeria were interviewed about the opportunities and challenges their organisations are facing – and their plans for the future. As Equinix’s survey… Read More