SEC To Revamp Rules On Margin Lending

In a bid to recommence Margin Lending, the Securities and Exchange Commission (SEC) has announced that it is set to revise the rules on margin lending. SEC Acting Director General, Mary Uduk made the announcement during the first quarter post-Capital Market Committee (CMC) in Lagos.

NNPC To Take Over Operation Of OML From Shell - Buhari

As part of plans to boast the nation's revenue base, President Muhammadu Buhari on 13th March 2019 ordered the Nigerian National Petroleum Corporation to take over the operatorship of the entire Oil Mining Lease (OML) 11 from Shell Petroleum Development Company.

CBN Reduces Monetary Policy Rate To 13.50%

The CBN Governor, Mr. Godwin Emefiele, during a press conference at the end of a two-day MPC meeting held on Tuesday in Abuja, has reduced the Monetary Policy Rate (MPR) from 14% to 13.50%. This is done so as to aid the quest in addressing the rate of unemployment and also diversify the country’s economy. 

Nigeria's Foreign Trade Hits N32.26tn

The National Bureau of Statistics (NBS), has revealed that Nigeria’s total merchandise trade increased by 39.31 percent to N32.26 trillion (year on year) in 2018. This is in comparison to N23.16 trillion in 2017.

CBN Projects 3% GDP Growth In 2019

Nigeria's Central Bank Governor, Mr. Godwin Emefiele, has revealed that the apex bank has projected that Nigeria’s Gross Domestic (GDP) growth will rise to three percent in 2019 as against 1.93 percent recorded in 2018.

Surge In Oil Price Surge As Nigeria Announces Presidential Election

Following the announcement of the 2019 presidential election results, Nigeria’s stock market turns positive with significant capital gains. It was gathered that oil prices, yesterday shot up, apparently over uncertainty over the outcome of the election’s as well as the political tension in Venezuela.

Production Resumes At Dangote’s Tomato Plant In Kano

Activities have recently kick-off at the hitherto closed tomato paste factory owned by Alhaji Aliko Dangote, Africa’s richest man. Work was observed to have resumed in the factory located in Kano state of after being redundant for more than two years due to a supply disruption partly caused by a price dispute with the local farmers.

SEC Approves N15bn Green Bond For Access Bank

The Securities and Exchange Commission (SEC), has approved the Book Build for its proposed N15 billion Green Bond issued by Access Bank Plc which will be the first-ever Climate Bonds Standard Certified Corporate Green Bond to be issued in Africa.

Nigeria's Inflation Rate Drops To 11.31% – NBS

Nigeria's statistical agency, on Friday, disclosed that the Consumer Price Index which measures inflation has dropped from 11.37 percent in January to 11.31 percent in February. The 11.31 percent represents a decline of 0.06 percentage points lower than the rate recorded in January.

Nigeria Economy The Best In Africa - PWC

Nigeria can be once again called the giant of Africa as reports available indicate that Nigeria Gross Domestic Point (GDP) is currently the leading economy on the continent according to PriceWaterhouseCoopers (PWC).