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Prominent banker and founder of Stanbic IBTC, Atedo Peterside, has stated that investors who value tenets like rule of law, policy stability and economic order are increasingly moving their businesses out of Nigeria. In a social media post on Thursday reacting to recent exit by Procter & Gamble, Peterside lamented that only investors who can […]

The Corporate Affairs Commission (CAC) has withdrawn its earlier notice that mandated minimum paid-up capital requirements for companies with foreign participation operating in Nigeria. In a new statement, the CAC said the initial notice making reference to paid-up rather than issued share capital was premised on guidelines contained in the 2022 Revised Handbook on Expatriate […]

The Nigeria Police Force has arrested some of its officers caught in a viral video begging a foreign biker for money in Oyo State. This was made known in a statement by the Force PRO, Muyiwa Adejobi on Friday. The statement said that the Constabularies were arrested by the police authority for their “unprofessional, unacceptable, […]

Niger Delta: NDDC Seeks Investors in Green Innovations MarketForces Africa: The Niger Delta Development Commission (NDDC) is seeking investors and development partnerships in green innovations to mitigate the effect of climate change while promoting development in the region. NDDC Managing Director, Dr Samuel Ogbuku, disclosed this in Dubai at the ongoing Climate Change Conference(COP28). Ogbuku, […]

Unity Bank MD Advocates Policy Actions to Stem Gender-Based Violence in Nigeria The Managing Director of Unity Bank Plc, Mrs. Tomi Somefun has called for comprehensive policy actions that will dismantle the structures that enable gender-based violence in Nigeria. At the Ebony Life Cinema, the venue of the film screening in Lagos, Unity Bank supported […]

Nigeria Treasury Bills Yield Jumps 16bps There was a rack of selloffs on Nigerian Treasury bills in the secondary market as local investors began to weigh market dynamics and auction results to reposition their books. On one side, there is an expectation of yield reprising due to rising headline inflation and steady liquidity in the […]

Oil Prices Trend Below $75 over Lingering Demand Risk Crude oil prices are trading below $75 amidst lingering demand risk. The market witnessed a moderate rebound Thursday in oil prices, but the surge is not sufficient to upturn the large daily loss recorded on Wednesday. The global price of crude oil has come under pressure […]

Nigeria US Dollar Bonds Attract Foreign Investors – MarketForces Africa The average yield on Nigeria’s US dollar-denominated bonds attracted buyers in the international debt market amidst a sustained decline in the naira’s strength. In the foreign exchange market, the Nigerian local currency has lost a large pint of blood due to heavy demand for foreign […]

Eterna Releases Earnings Forecast for Q1-2024 Eterna Plc (Ticker: ETERNA) has released its first quarter of financial year 2024 earnings forecast, according to its latest regulatory filling on the Nigerian Exchange. Details show that the company is expecting its first quarter profit to settle at about N392 million despite large revenue estimated at N54 billion. […]

Authorities of the Nigerian Correctional Centre drew the anger of members of the National Assembly joint committee on the Interior Thursday when NCS revealed that they spend more money on feeding dogs than prison inmates The Controller General of the NCS Haliru Nababa disclosed this at a joint National Assembly Committee on Interior when he […]

A ball boy was shot while the team manager, Seun Betiku, other club officials and players were injured in an attack by gunmen on the vehicle of Sunshine Stars football Club of Akure on Thursday. The vehicle was attacked along Benin-Ore highway while the team was on their way to Benin for a Nigeria Premier […]

The National Executive Council of the Nigerian Bar Association(NBA-NEC), at its meeting held today discuss several key updates and approvals. Foremost among the issues addressed was an update from the Lawyers Remuneration Committee that a new Scale of Charges has been officially gazetted, making it professional misconduct going forward for lawyers to charge fees arbitrarily […]