Capital Market Attracts N1trn of N360trn into Nigerian Economy in 2022

By Adedapo Adesanya  Africa Finance Corporation (AFC) has secured a $300 million loan from the Export-Import Bank of China (CEXIM) to drive increased trade finance and investment across the African continent, fostering economic growth and development. The infrastructure solutions provider on the continent announced the successful signing of the landmark agreement on the sidelines of the Asian Infrastructure Investment Bank (AIIB) Annual meetings in Egypt. The 3-year credit facility is a significant development in AFC’s long-standing relationship with CEXIM. The two institutions have collaborated since 2018, with AFC receiving $400 million in bilateral loans from CEXIM to date. According to

By Adedapo Adesanya A 0.54 per cent growth was recorded by the NASD Over-the-Counter (OTC) Securities Exchange on Monday, September 25, after the duo of FrieslandCampina WAMCO Nigeria Plc and Central Securities Clearing System (CSCS) Plc witnessed improvements in the share prices. The milk producer gained N1.39 during the session to end at N73.59 per unit compared with last Friday’s value of N72.20 per unit, while the Nigerian depository company grew by 70 Kobo to sell at N18.20 per share versus N17.50 per share. At the close of transactions, the total value of the unlisted securities market jumped by N6.21

By Adedapo Adesanya A foreign oil company, Equinor ASA, has chosen a little-known Nigerian company, Chappal Energy, as the preferred buyer of its stake in one of the country’s largest deep-water oil fields, Agbami. According to a report by Bloomberg on Monday, the Norwegian energy giant is trying to sell its 20.2 per cent interest in the Agbami field – joining other international producers such as Shell Plc, Exxon Mobil Corporation and Eni SpA in looking to offload assets in Africa’s biggest crude producer, Nigeria. In January, Equinor launched the sale of its stake in an offshore Nigerian oilfield, joining

By Modupe Gbadeyanka The 2018 financial year was not too good for Nigerian Breweries, going by details of its financial results released on the Nigerian Stock Exchange (NSE). The results, posted on the NSE website on Friday, showed that profit posted by the brewery firm went down by 41.2 percent when compared with the 2017 financial year. It was disclosed that the profit after tax depreciated to N19.4 billion from N33 billion, while the profit before tax declined to N29.4 billion from N46.6 billion a year earlier. Also, the total revenue generated by the company in the 2018 financial year

From a very young age, girls are taught that makeup is a way to enhance their natural beauty. There are endless tutorials and tips on how to apply makeup. The reality is that most women don’t wear makeup for the sake of looking good. In fact, many women wear makeup as a form of self-expression or as a way to boost their confidence. Whether you’re a beginner or a pro, there are certain makeup essentials that every woman should have in her beauty arsenal. These include a good foundation, concealer, powder, blush, mascara, and lipstick. With these products, you can

By Dipo Olowookere As part of its reward system to customers this yuletide period, the management of Smile Nigeria has offered to double any data purchased by its subscribers. The 4G LTE broadband service provider said its customers will enjoy 100 percent bonus on every recharge within the four day duration of the offer with a validity period of 14days. Tagged the ‘Double Data Offer’, the reward system is available to all existing Smile subscribers from Saturday, December 23 to Tuesday, December 26, 2017. A statement issued by the Head of Brands and Communication at Smile Nigeria, Mr Lotanna Anajemba,

By Adedapo Adesanya The Italian Serie A has announced its intension to resume competition on June 13, with Italy’s top-flight clubs set to return to group training from Monday, May 18. Like most of the leagues in Europe, the Serie A halted the 2019/2020 season due to the coronavirus pandemic, but with the country emerging from the lockdown caused by Coronavirus disease, which has caused over 30,000 deaths in the country, football’s return is now set for next month. Clubs voted to make a return from June 13, though the date still requires an approval from the Italian government. A

By Dipo Olowookere Ms Patience Oniha has been announced as the new Director General of the Debt Management Office (DMO). Ms Oniha’s appointment as the new debt office boss was approved by the Acting President, Mr Yemi Osinbajo. She replaces the former DG of DMO, Mr Abraham Nwankwo, who retired from office after spending 10 years. Minister of Finance, Mrs Kemi Adeosun, announced the appointment of Ms Oniha yesterday in Abuja. The appointee had retired as a director in the agency and had also served in the efficiency unit of the Ministry of Finance before her recent post. Mrs Adeosun

By Adedapo Adesanya The Minister of Communications and Digital Economy, Mr Isa Pantami, has revealed that the quarterly revenues generated for the federal government from the ICT sector increased from $1.1 million to $932 million (approximately N419.4 billion) through spectrum sales and taxes. The Minister disclosed this in a speech delivered at the third edition of Digital Nigeria Day, emphasising some of the significant milestones which the sector has achieved. According to Mr Pantami, the ICT sector provided 3 distinctive contributions to the country’s Gross Domestic Product (GDP) in the last 3 years. He noted that these were 14.07 per

By Sodeinde Temidayo David Hespat Tech, a Nigerian tech company headquartered in Akure, has announced the creation and launch of the Hespat Super App, a safe hi-tech and consumer-focused umbrella app to offer all its services to Ondo State residents on a single platform. Launched last week, Hespat is set to promote a convenient lifestyle by connecting people to everyday needs while offering exceptional value-added services to boost Africa’s economy and has provided two thousand jobs to the neighbouring youths, with its new innovation becoming a ride-hailing platform. The jobs were created through a door to door delivery, bike and

By FBNQuest Every investor who desires to build and grow wealth should have an investment portfolio. Wealth creation efforts are less likely to succeed if they are approached haphazardly, so building an investment portfolio is a great way to add the necessary strategy and intention to these efforts. An investment portfolio, simply defined, is a collection of all the assets an investor owns. It can be likened to a roof under which you house all your investments. A good investment portfolio will be diversified and contain a wide variety of assets such as stocks, bonds, mutual funds, real estate, fine