FirstBank has announced its hosting of the first-ever China-Africa Interbank Association Forum to strengthen economic ties and investments between China and Africa. In a statement made available to newsmenrecentlyin Lagos, the forum, themed ‘Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialisation, and Economic Diversification,’ will take place later[Read More…]
Business
Equity market sustains growth, gains N136bn
Trading on the floor of Nigerian Exchange on Tuesday remained positive, appreciating by N136 billion, occasioned by gains in some highly capitalised stocks.Food and travel guides Market capitalisation of listed equities increased by 0.23 per cent to N59.366 trillion from N59.230 trillion it closed on Monday. The NGX All Share[Read More…]
NGX ASI Appreciates By 0.23%
Trading of equities has again ended on a bullish note with the benchmark index advancing by 0.23%. Tuesday’s transactions on the floor of the Nigerian Exchange Limited, NGX, saw the All-Share Index rise by 225.06 basis points or 0.23% from 97,747.27 basis points to 97,972.33 basis points. Similarly, the market[Read More…]
Stanbic IBTC launches DiSEP 4.0, empowers youths
Stanbic IBTC Holdings, a member of Standard Bank Group, has unveiled the fourth edition of its flagship Digital Skills Empowerment Programme (DiSEP 4.0). This initiative underscores the company’s longstanding commitment to empowering young Nigerians and actively promoting digital transformation within the country. DiSEP 4.0 represents a significant step forward in[Read More…]
FirstBank Hosts Inaugural China-Africa Interbank Association Forum; reiterates its commitment to promoting trade, financial cooperation
FirstBank, the premier West African financial institution and financial inclusion service provider has announced its hosting of the first-ever China-Africa Interbank Association (CAIBA) Forum to strengthen economic ties and investments between China and Africa. The forum, themed “Joining Hands to Advance Modernisation and Strengthening China-Africa Trade, Industrialization and Economic Diversification,”[Read More…]
Flour Mills of Nigeria Plc set to de-list from NGX at N86
Flour Mills of Nigeria Plc has notified the Nigerian Exchange and the investing public of the recent Court Ordered meeting that would eventually lead to the termination of trading in the shares of the Company on the Nigerian Exchange. The special resolution passed at the Court Ordered meeting can be[Read More…]
Report: Dangote seeks billions of dollars to boost crude supply to refinery
Aliko Dangote, Africa’s richest man, is seeking to raise billions of dollars to step up crude oil supplies for his $20 billion oil refinery in Lagos, Financial Times (FT) is reporting. According to the report on Sunday, the Dangote Group founder is in talks with commercial lenders, development banks, oil[Read More…]
Empowering Nigeria’s Youth: Nestlé’s Commitment to Financial Freedom Through Training and Sports Sponsorship
By Godwin Anyebe Small and Medium Enterprises (SMEs) contribute significantly to Nigeria’s economy, comprising around 50% of GDP and providing over 80% of employment. Yet, despite their importance, SMEs often face challenges accessing finance, which hinders growth and development. This difficulty underscores the need for strategic support, not only from[Read More…]
Dangote Refinery and Deregulation: Unpacking the confusion
By Andrew Agenmonmen In recent times, the press has been inundated with claims and counter claims about PMS sales and pricing between the Dangote Refinery, Regulator, NNPCL, and the marketing companies. These interactions are becoming rather an embarrassment to our nation state. This is an attempt to unpack some of[Read More…]
Global Oil Prices Edge Up: Causes, Impacts, and the Path Ahead
Global oil prices are once again on the rise, bringing renewed attention to the energy markets as countries and businesses grapple with the wide-reaching effects of this shift. After a period of relative stability, oil prices have been climbing steadily, largely driven by a mix of geopolitical tensions, supply constraints,[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]