Business

The Africa Export-Import Bank (Afreximbank) disclosed yesterday that its investment in the Nigerian economy stands at over $17 billion . Afreximbank President, Dr. Benedict Oranmah, who spoke at the ground-breaking ceremony of the Anglophone Regional Office, in Abuja, stated that the decision to invest in the Nigerian economy was in appreciation of the critical role the nation played in the...

FIRST BANK Plc ALLEGEDLY FORGES DOCUMENTS AGAINST WHITEPLAINS BRITISH SCHOOL, FLOUTS COURT JUDGEMENT. The court case between Whiteplains British School, Jabi Abuja and First Bank Plc is far from over as First Bank appears bent in illegally taking over the property known as Whiteplains British Secondary School located at Jabi, Abuja. ‎ During an interview with the Director of Whiteplains British School,...

Dangote Cement PLC (DANGCEM-NL) (DangoteCement.com), Africa’s largest cement producer, announces the issuance of 50 billion Series 1 and 2 Notes under its 150 billion Commercial Paper Programme, announced on 27th June 2018. The Series 1 and 2 Notes will be listed on Nigeria’s FMDQ OTC Securities Exchange on 19th July 2018. Funds raised in the Commercial Paper (CP) Programme will be used...

A mega cement warehouse located at the Industrial Layout, Onitsha Road, Owerri, capital of Imo State, to serve corporate outfits and people of the Southeast and other zones in the country, was on Monday, opened for commercial use. Present at the event were the President, Dangote Group, Aliko Dangote, the Imo State Governor, Rochas Okorocha, among others captains of industry.Declaring...

Searching for a business to start with N100,000 in Nigeria? Search no more. Read this post from beginning to the end to find any preferable business. “People who succeed have momentum. The more they succeed, the more they want to succeed, and the more they find a way to succeed. Similarly, when someone is failing, the tendency is to get...

Nigeria’s total export earnings increased by 10.2 per cent to $14.394 billion in the first quarter (Q1) of 2018 compared with the $12.925 billion recorded in Q4 2017. The Central Bank of Nigeria (CBN) disclosed this in its Q1 2018 ‘Brief on Balance of Payments Statistics,’ posted on its website. The growth in the country’s export earnings in the review period...

Senator Ben Murray Bruce the founder of Silver Bird this morning took to twitter to talk about the ongoing crisis and deaths in Nigeria. The senator tweeted "The fastest growing business in Nigeria is poverty. The second fastest growing business is corruption. The third fastest growing business is terrorism. These are problems that wont bow to blame games. They...

Trading at the stock market remained bearish wednesday as profit taking in banking stocks made the Nigerian Stock Exchange (NSE) All-Share Index (ASI) to close 0.06 per cent lower at 37,963.93. Similarly, market capitalisation shed N9.7 billion to close at N13.75 trillion. Profit taking on counters in the banking sector such as Zenith Bank Plc, GTBank, Access Bank Plc, Diamond...

The naira appreciated to N359.5 to a dollar on the parallel market yesterday, compared with the N360 to a dollar it closed on Tuesday. Also, on the Investors’ and Exporters’ (I&E) window, the nation’s currency strengthened to N361.06 to the dollar, as against the N361.18 to the dollar it closed the previous day. On the Bureau De Change (BDC) segment, the...

NSE-listed group Access Bank raised, via its London-based subsidiary, a $158 million trade finance facility from 13 international banks. Initially set at $100 million the amount was increased to $158 million due to higher investor interest. The operation was coordinated by the multilateral institution African Trade Insurance (ATI) and the Dubai-based Mashreq Bank. According to analysts, this amount is one of the highest mobilized...