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eNaira

Buhari to Finally Launch eNaira October 25

October 23, 2021
By Dipo Olowookere On Monday, October 25, 2021, President Muhammadu Buhari will formally launch eNaira, the much-awaited electronic Naira, the Central Bank of Nigeria has confirmed. The digital legal tender for the country introduced by the CBN was initially scheduled for launch on October 1, 2021, but was shelved. According to the apex bank, the botched introduction was a result
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FBN Holdings

FBN Holdings Confirms Otedola as Shareholder with 5.07% Stake

October 23, 2021
By Dipo Olowookere Mr Femi Otedola now controls a 5.07 per cent stake in FBN Holdings Plc, the company has confirmed. This is coming barely 24 hours after the financial institution said it was not aware of the businessman being a major investor in the organisation. There were reports a day earlier that the former Chairman of the defunct Forte
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NASD OTC Exchange

NASD Securities Exchange Gains 0.1% in Week 41

October 25, 2021
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange closed the 41st week of trading this year on a positive, with 0.01 per cent growth spurred by three companies. These firms admitted on the exchange that triggered the growth at the NASD securities exchange last week were NASD Plc, Central Securities Clearing Systems (CSCS) Plc; and Niger Delta Exploration and
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Nigeria's FX Reserves

Nigeria’s FX Reserves Gain $1.3bn to Inch Closer to $41bn

October 25, 2021
By Ashemiriogwa Emmanuel In the past week, the Nigerian foreign exchange (FX) reserves expanded by $1.3 billion or 3.4 per cent from $39.6 billion on Thursday, October 14 to $40.9 billion on October 21, 2021. Observing the data obtained from the Central Bank of Nigeria (CBN) by Business Post, this is the first time in over two years that Nigeria’s
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NSE Investors

Investors Exchange N18.4bn Shares in Four Days

October 25, 2021
By Dipo Olowookere A total of 1.6 billion shares worth N18.4 billion were exchanged by investors last week on the floor of the Nigerian Exchange (NGX) Limited in 21,621 deals. When compared with the preceding week, it was lower because market participants transacted 2.8 billion shares valued at N31.7 billion in 23,355 deals. One factor that may have caused this
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Politics

NNPC guarantee energy security

NNPC, First E&P Empower NGOs With N53m

May 12, 2024
By Adedapo Adesanya The Nigerian National Petroleum Company (NNPC) Limited and First Exploration & Production Limited (First E&P) joint venture (JV) have donated a sum of N53 million to non-governmental organizations (NGOs) in Nigeria as part of their Corporate Social Responsibility (CSR) initiatives. Under the JV’s Impact First Initiative, the donation, targeted towards enhancing societal welfare, would address areas such
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Travel

Latest

Diamond Bank Shares N1b to 550 Small Business Owners

By Dipo Olowookere Leading retail bank in the country, Diamond Bank Plc, has announced disbursing over N1 billion to small business owners through its cash flow-based SME lending scheme. This, it explained, is part of efforts to support the Small and Medium-Scale
August 18, 2018
AIICO Insurance

Investment Income Buoys AIICO Insurance’s H1 Performance

By Cowry Asset Few days ago, AIICO Insurance released its half-year earnings, recording an impressive performance in the period under review. AIICO, which is one of the companies to reckon with in the insurance sector in Nigeria, recorded a 30 percent boost
August 18, 2018

Buhari Returns from 10-Day London Vacation

By Dipo Olowookere President Muhammadu Buhari on Saturday evening returned to the country from his 10-day vacation in London. Business Post recalled that Mr Buhari left the shores of this country on Friday, August 3, 2018, for a rest in the United
August 18, 2018

Buhari Mourns Former UN Scribe Kofi Annan

By Dipo Olowookere Nigeria’s President, Mr Muhammadu Buhari, has joined others to commiserate with the government and people of Ghana over the passing of former United Nations (UN) Secretary General, Mr Kofi Annan, in the early hours of Saturday, August, 18, 2018.
August 18, 2018
Equities Market

Bargain Hunters Take Charge as Equities Gain N236b

By Dipo Olowookere After 10 consecutive days of sell-offs, especially by the foreign portfolio investors, the Nigerian Stock Exchange (NSE) got back to the green territory on Friday. This was as a result of activities of bargain hunters at the market, who
August 18, 2018

NNPC to List 40% Shares on Stock Exchange

By Modupe Gbadeyanka Nigerians may soon have the opportunity to be part owners of the state-owned oil agency, the Nigerian National Petroleum Corporation (NNPC). This is because the company is planning to list 40 percent of its shares on the Nigerian Stock
August 17, 2018
Zenith Bank customer

Zenith Bank Shifts Interim Dividend Payment Date

By Modupe Gbadeyanka One of the top five financial institutions in Nigeria, Zenith Bank Plc, has announced a change of date in the payment of interim dividend to its shareholders. On August 6, 2018, the lender had announced that it would pay
August 17, 2018

IITA to Develop 20-year Agric Blueprint for Oyo Govt

By Modupe Gbadeyanka A partnership has been entered into between the Oyo State government and the International Institute of Tropical Agriculture (IITA) for the development of an agricultural policy roadmap for the state. As part of the contribution towards this 20-year blueprint,
August 17, 2018

Ghana’s Financial Intelligence Centre Understudies EFCC

By Modupe Gbadeyanka The Economic and Financial Crime Commission (EFCC) has expressed its preparedness to assist the Ghana Financial Intelligence Centre (GFIC) in its efforts to effectively supervise and monitor Designated Non-Financial Businesses and Professions (DNFBP) in Ghana. The offer of assistance
August 17, 2018
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