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STOCK MARKET REPORT FOR 28TH OF MAY, 2021

A total turnover of 1.037 billion shares worth N9.471 Billion in 17,577 deals were traded this week by investors on the floor of the Exchange, in contrast to a total of 1.048 billion shares [...]

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NIGERIA OFFICIALLY MOVES TOWARDS OVERDUE SINGLE EXCHANGE RATE

The Central Bank of Nigeria (CBN) took a major step towards full exchange rate unification Tuesday after uploading the more market-reflective NAFEX rate of N410.25 per US Dollar on its website. A [...]

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GOVERNOR SANWO-OLU DEMANDS SPECIAL ECONOMIC STATUS FOR LAGOS STATE

The Lagos State Governor, Babajide Sanwo-Olu, has demanded a special economic status for Lagos, saying the progress and prosperity of Nigeria are inextricably linked to the progress and [...]

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FACEBOOK AND INSTAGRAM TO LET USERS HIDE ‘LIKES’ ON POSTS

This week, Facebook will start publicly rolling out the option to hide ‘likes’ on posts across Facebook and Instagram. The company has been testing this feature for years now to see if it might [...]

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WORLD BANK APPROVES $700 MILLION CREDIT TO AID ACCESS TO POTABLE WATER IN NIGERIA

The World Bank has approved $700 million credit to the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Program (SURWASH) to aid access to potable water and improved [...]

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FG TO LAUNCH MADE-IN-NIGERIA HELICOPTER SOON

The Federal Government will soon launch mfgfade-in-Nigeria helicopters, as the project is in the assessment stage by the aviation authorities. This was disclosed by the National Agency for [...]

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CBN GOVERNOR PROMISES DIGITAL CURRENCY WILL COME TO NIGERIA

During the 279th MPR meeting held today in Abuja, the CBN Governor, Godwin Emefiele assured Nigerians that digital currencies will have a place in the country. CBN’s Emefiele said, “We have [...]

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NNPC, SHELL, OTHERS SIGN 20-YEAR AGREEMENT THAT WOULD UNLOCK $10 BILLION INVESTMENT

The Nigerian National Petroleum Corporation (NNPC) has signed a deal with some of the world’s biggest oil companies that could unlock over $10 Billion investment in an offshore oilfield. The [...]

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AFCFTA: AFRICA NEEDS TO FOCUS ON LOGISTICS, MOVEMENT OF PEOPLE & SERVICES – OKONJO-IWEALA

WTO Boss, Dr. Okonjo Iweala stated that for Africa to make the African Continental Free Trade Area work, the focus needs to be on logistics and simplifying movements of goods and services across [...]

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NEPC URGES EXPORTERS TO TAKE ADVANTAGE OF ECOWAS, AFCFTA TRADE AGREEMENTS

Nigerian Export Promotion Council (NEPC) has urged exporters operating as Micro, Small and Medium Enterprises (MSMEs) to take advantage of the numerous benefits of the free trade business [...]