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Business

Beware of Unregistered Money Transfer Operators—CBN

August 6, 2016
Nigerians have been advised by the Central Bank of Nigeria (CBN) to be careful of unwholesome activities of some unlicensed International Money Transfer Operators (IMTOs) in Nigeria. CBN said this warning became necessary due to activities of some unregistered IMTOs, whose modes of operation were detrimental to the Nigerian economy. The apex financial institution in Nigeria stressed that all financial
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AMCON Recovers N644b From Debtors

August 6, 2016
Not less than N644 billion has so far been recovered from debtors by the Asset Management Corporation of Nigeria (AMCON). Chief Executive Officer of the agency, Ahmed Kuru, disclosed in a press briefing in Lagos that AMCON would continue to engage debtors to pay up their debts. Kuru said 80 per cent of the bad loans it acquired from banks
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Nigeria, Spain Fortify Ties On Oil & Gas

August 6, 2016
Nigeria and Spain are to make stronger their bilateral trade relationship in oil and gas for the benefit of the two countries. Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Kachalla Baru, disclosed on Thursday in Abuja while receiving the Spanish Ambassador to Nigeria, Mr Alfonso Barnuevo to the NNPC Towers. Baru noted that NNPC as
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EU Entrepreneurs In Nigeria For Investment

August 7, 2016
Business Post Nigeria has learnt that a business delegation from the European Union country is in Nigeria seeking to invest in various sectors of the economy. The European entrepreneurs intend to put their resources in the country despite the present downturn in the Nigerian economy. Director General for economic promotion in the country’s foreign ministry, Vincenzo de Luca, says Italy
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NNPC Remitted N55.96b Into Federation Account In June

August 8, 2016
The Nigerian National Petroleum Corporation (NNPC) has disclosed that in June 2016, it transferred the sum of N55.96 billion into the Federation Account. It further said in the same month, a deficit of N26.51 billion was recorded in its operations. NNPC made disclosed these information and others in its monthly financial report for June released in Abuja on Sunday. “NNPC
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Politics

AP Moller-Maersk

AP Moller-Maersk Denies $600m Port Investment With Nigeria

April 30, 2024
By Adedapo Adesanya Danish shipping giant, AP Moller-Maersk, has denied recent claims by the Presidency that it will invest $600 million in Nigeria’s port expansion and improvement project. This marks yet another gaffe from the presidency after it claimed that the United Arab Emirates (UAE) had lifted a visa ban on Nigerians, a statement that originated from the Special Adviser
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Travel

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chowdeck

Chowdeck Raises $2.5m to Expand Food Delivery Service in Nigeria

By Adedapo Adesanya Lagos-based logistics service firm, Chowdeck, has raised a $2.5 million seed investment to scale food delivery amid a tough food service market in Nigeria. The seed round attracted investment from notable backers, including YC, Goodwater Capital, FounderX Ventures, HoaQ
April 30, 2024
four million prepaid meters

NERC Increases Price of Prepaid Meter to N143,836

By Modupe Gbadeyanka The price of the three-phase prepaid meter has been increased by the Nigerian Electricity Regulatory Commission (NERC) to N143,836.10 from N109,684.36. This development was confirmed by the agency in a circular marked NERC/2024/040 on Monday. NERC, which regulates the electricity
April 30, 2024
NASD OTC stock exchange

Nigeria’s Alternative Stock Exchange Falls 0.02%

By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a marginal 0.02 per cent depreciation on Monday, April 29 after Aradel Holdings Plc ended in the bears’ territory. The energy stock posted a decline of N1.04 during the session to settle
April 30, 2024
AVCA Conference Venture Capital Summit

Lagos to Host 2025 AVCA Conference, Venture Capital Summit

By Modupe Gbadeyanka The AVCA Conference and Venture Capital Summit in 2025 will take place in Lagos, Nigeria, the organisers have announced. The programme, which is Africa’s largest private capital gathering, is organised by the African Private Capital Association (AVCA). The 2024
April 29, 2024
fintech innovators

A Closer Look at South Africa’s Leading Fintech Innovators

South Africa’s financial technology landscape is experiencing rapid growth. This surge is driven by innovative companies making transactions simpler and more accessible. Some companies are at the forefront of Fintech innovation, from familiar brands to newcomers. Yoco: Empowering Small Businesses Yoco is
April 29, 2024
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