ECONOMY

CBN fixes N2b capital for mobile money operators - Mobile Money Operators (MMOs) are to maintain a minimum of N2 billion capital base, the Central Bank of Nigeria (CBN) has directed...

Nigerian equities post record N6.48tr gain in 2020 - AMID the COVID-19 pandemic and economic recession, Nigerian equities closed 2020 with a net capital gain of N6.48 trillion. Benchmark indices at...

Interest in BUA Cement, Others Increases Investors’ Wealth by N213bn - Investors trading stocks in Nigeria gained N213 billion on Wednesday on the back of interest in the shares of BUA...

Why IMF rate Nigeria’s GDP top in Africa - Using the Gross Domestic Product (GDP) as yardstick, the International Monetary Fund (IMF) has rated Nigeria as the best economy in Africa....

The bulls are in charge as Bitcoin jumps to $22,100, still flying up - Bitcoin is on steroids amid incredible buying pressures prevailing in the crypto market. This is largely why...

Nestle ups shareholding in Nigerian unit, acquires additional 105,000 shares - Nestlé S.A, has acquired 105,569 additional shares in its Nigerian subsidiary, Nestlé Nigeria Plc worth N147.8 million. Brand Spur Nigeria...

CBN Rolls the Dice to Tackle Market Liquidity and Dollar Dearth - The CBN has issued series of circulars from special bills to new regulations for Diaspora remittances. These new policies...

Naira devaluation risky for foreign currency loans, says report - The devaluation of the naira against global currencies will impact negatively on foreign currency loans and weaken capital base for the...

New policy on diaspora remittances will stop further Naira depreciation - The Central Bank of Nigeria (CBN) has continued to receive commendations for the reintroduction of the policy which allowed beneficiaries...

NEPZA to Begin New Free Zone Registration January 1 - The Nigeria Export Processing Zones (NEPZA) has said it will commence operation on a new template for free zone registration with...