The outcry over borrowing in Nigeria has continued to generate traffic. The concern became more disturbing when it was revealed recently that over 90 per cent of the Country’s revenue now goes into debt servicing. Following the combined approval of…
By Kayode Tokede Royal Exchange General Insurance Company (REGIC) has announced the acquisition of a minority stake in the company by AfricInvest, a leading Pan-African asset management company. The investment was made through its evergreen private equity fund, FIVE, in…
By Kayode Tokede Ardova Plc has announced plans to issue Series 1 Bonds worth up to N22 billion, as part of its N60 billion Bond Issuance Programme. The Bond is subdivided into Tranche A and Tranche B offerings with maturity…
By Kayode Tokede Nigerian Exchange Group Plc (NGX Group) on Thursday confirmed its intention to list on the Main Board of Nigerian Exchange Limited (NGX). A total of 1,964,115,918 shares are expected to be admitted to trading and the shares…
Stockbrokers are to unfold new strategies that will enable the Federal Government source medium and long-term fund from the capital market. The President of the Chartered Institute of Stockbrokers (CIS), Mr Olatunde Amolegbe, disclosed this in a statement made available…
Investors on Nigerian Exchange Limited (NGX) stock market Thursday traded shares valued at N10.675 billion on a bullish trading, extending the gaining streak to six consecutive sessions. The positive sentiment was driven by investors’ bargain hunting in all the major…
A panel at the ongoing 31st Seminar for Finance Correspondents and Business Editors in Enugu have called on regulators to integrate social media platforms like Facebook, WhatsApp and other social media platforms into Nigerian payments systems. The experts who made…
The Inspector General of police (IGP), Alikali Baba Usman, has posted CP Lanre Sikiru Bankole as the helmsman of Ogun State command, following the retirement from service of the former Commissioner of Police, CP Edward Awolowo Ajogun. The new posting was contained…
…Approves revised fiscal framework …Orders MDAs to generate N1trn revenue annually President of the Senate, Ahmad Lawan, has alleged that Ministry Departments and Agencies (MDAs) of the Federal Government cornered revenues meant for payment into the treasury of the Federal…
…This will bring about greater change — Experts By Ariemu Ogaga & Uthman Salami The Senate has scrapped the Department of Petroleum Resources as it confirmed the appointment of maiden board members of the Nigerian Upstream Regulatory Commission (NURC). This development came…
