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NEXIM Bank to Support FAAN`s Aviacargo Export Growth The Nigerian Export-Import (NEXIM) Bank, has pledged to assist Nigerian agro-exporters in facilitating the processes of export by providing the needed financial instrument. NEXIM Managing Director, Mr Abba Bello made the pledge when he received Federal Airports Authority of Nigeria (FAAN) Aviacargo Cargo Committee at the bank’s […]

Marble Capital Offers N500m Halal Fixed Income Fund Marble Capital Ltd., frontline Ethical and Islamic Fund Manager, is offering a N500 million Marble Halal Fixed Income Fund (MHFIF) an investment opportunity for risk-averse investors. Dr Akeem Oyewale, Marble Capital’s Managing Director, via a statement on Wednesday in Lagos, said the investment opportunity was for risk-averse […]

CardinalStone Sees Airtel Africa Rising to N5.9trn, Initiates Coverage Nigeria’s leading investment firm CardinalStone Securities Limited has initiated Airtel Africa (Ticker: AIRTELAFRI) coverage and its analysts are expecting the telecom company market valuation to rise to N5.9 trillion. The company is currently valued at about N4.698 trillion in the Nigerian Exchange at N1,250 per share. […]Read More

Economists Express Concerns Over $3bn NNPCL Loan Financial economists are worried about the three billion dollars crude oil repayment loan secured by the Nigerian National Petroleum Corporation Ltd., to prevent the Naira from slumping further. The experts expressed their worry in separate interviews with the News Men on Wednesday in Lagos. Some of the experts […]

N6.9bn Fraud: Emefiele Allegedly Opts for Plea Bargain The expected Wednesday arraignment of the suspended Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, over an alleged procurement fraud to the tune of N6.9 billion, has again been stalled. The matter was not listed on the cause list of a Federal Capital Territory (FCT) […]

Nigeria Bonds Prices Slump Over Selloffs Amidst sustained negative interest yield on naira assets in the fixed income securities market, some local investors continued to offload FGN bonds portfolios in the secondary market on Tuesday. The equities market then received the fund, which pushed year to date return to about 28%. Across the market, equities […]

NESG, CBN Discuss Synergy, Economic Stability The Nigerian Economic Summit Group (NESG), on Tuesday, held discussions with the Central Bank of Nigeria (CBN) on areas of collaboration towards achieving economic stability. According to a statement by the NESG, the discussions took place when the group’s Board of Directors led by its Chairman, Mr Niyi Yusuf, […]

How Much Tesla Shares Does Elon Musk Own? Tesla is arguably among the most popular and most polarizing companies of all time. It is an important company, as it has led the electric vehicle (EV) transition in the automotive industry. Once dismissed as a niche by automakers, EVs are now at the forefront of almost […]

Air Marshal Hasan Abubakar, the Chief of the Air Staff (CAS), paid a visit to the families of the deceased crew members of the ill-fated MI-171E Helicopter that tragically crashed in Niger State on August 14. Abubakar’s visit took him to the family homes in Port Harcourt, Rivers State. During the visit, Abubakar conveyed his […]

An Abuja-based law firm, Law Corridor, has been awarded the prestigious title of “Best Law Firm of the Year for Externs” by the Student’s Representative Council (SRC) of the Nigeria Law School, Abuja Campus. The honor was conferred as part of the Law Week festivities held on Monday. Patrick Odey, Practice and Business Development Partner […]

The United Nations Development Programme is organising a three-day leadership retreat for the 36 state governors. The programme slated for August 24-27 in Kigali, Rwanda is fully funded by the UNDP. In an invitation letter to the participants dated Wednesday, August 23, 2023, made available to newsmen by the Nigeria Governors’ Forum, the same day, […]

The Nigerian Electricity Regulatory Commission (NERC) has urged electricity customers to update their prepaid meters before the November 2024 deadline. This was even as it said the process is “easy and free.” The Commission stated this in an announcement on its social media handle, stressing that customers who fail to do so before the deadline […]