Business

Preparations for Nigeria’s planned Eurobond issuance and the consideration of the partners to the deal including Chapel Hill Denham, began early last year when it was thought the market could open for African countries…

The Federal Government of Nigeria has sought an extension of the detention of two Binance officials, Tigran Gambaryan, a U.S. citizen, and British-Kenyan Nadeem Anjarwalla, as part of its ongoing crackdown on cryptocurrency…

Telecommunication companies, banks, and other financial institutions have rerouted their traffic to alternative service providers following cuts to the undersea cable supplying broadband Internet connectivity to…

The Nigeria Inter-Bank Settlement System has said the registration for the Bank Verification Number (BVN) has now increased to 61.16 million. NIBSS disclosed this on its website on Saturday, adding that the BVN is…

…Says fertilisers for free distribution  The Central Bank of Nigeria (CBN) has clarified that its fertilisers donation to the  Federal Ministry of Agriculture and Food Security , last week, does not represent a resumption…

Nigeria’s Securities and Exchange Commission (SEC) has proposed an amendment to the registration fee of platforms offering Crypto Exchange services, raising it from 30 million naira ($18,620) to 150 million naira ($93,000).…

The service disruption caused by Thursday’s cuts to the undersea cable supplying broadband Internet connectivity to Nigeria and countries in the West African sub-region, on Friday, forced many banks and other…

The Debt Management Office has faulted recent news reports suggesting the appointment of transaction advisers for a potential Eurobond issuance. The DMO made its position known in statement made available to PUNCH…

MainOne, a leading provider of submarine cable systems, has revealed that the repair process for its damaged submarine cable may take up to five weeks. The company disclosed this in a statement on Friday following a…

A new report from Ernst and Young estimates that 17 out of 24 banks might not meet the capital requirement from the CBN if it is increased 15-fold from its current N25 billion. The report discusses the options available…

In February 2024, Nigeria’s headline inflation rate rose to 31.70%, up from 29.90% in January 2024, marking an increase of 1.80%. Comparatively, on an annual basis, February 2024’s inflation rate was 9.79% higher than the…

Almost on a daily basis, the hope of owning affordable homes dims as the prices of major building materials, notably cement and iron rods, are rising persistently as if markets are shutting down. Matters seem to be coming…

The pan-African performance of Dangote Cement, the flagship subsidiary of Dangote Industries Limited, helped cushion the…

The Central Bank of Nigeria has reiterated that banks operating in the country cannot use their foreign exchange revaluation gains to pay dividends or meet their operational expenses. In a circular from the apex bank on…

The National Bureau of Statistics (NBS) said the aggregate value-added tax (VAT) stood at N1.20 trillion in Q4 2023. This is according to the VAT Q4 2023 report released on Thursday. The report shows a growth rate of…

The Managing Director of paper manufacturing firm, FAE Limited, Funlayo Okeowo, has said that Nigeria spends about $3bn on paper importation annually. She stated this at a press conference held recently in Lagos to mark…

India’s Tata International has given a vote of confidence to Tolaram’s Lagos Free Zone. The timing of the second phase of…

Telecommunications companies and banks in Nigeria have been hit by an internet outage as a result of damage to international undersea cables supplying them with connectivity.  Nairametrics gathered that the damage…

The Central Bank of Nigeria (CBN) has sold N161.5 billion worth of Nigerian Treasury Bills (NTBs) across various maturities at its auction on March 13, 2024.  The sale indicates continuing confidence among investors…

The foreign exchange (FX) recorded zero (N0.01) gap between the official and parallel market as the dollar was quoted at N1,615 across markets on Wednesday. Data released by the FMDQ Securities Exchange showed that the…

The new Non-Executive Chairman of Access Holdings Plc (‘the Holdco’), Aigboje Aig-Imoukhuede, has said that the late Herbert Wigwe gave everything for their shared vision, adding that he is determined to ensure the vision…

Access Holdings Plc (the Holdco) has announced the return of Aigboje Aig-Imoukhuede as its Non-Executive Chairman. In response to the untimely passing of the immediate past Group Chief Executive Officer of Access…

Foreign investor demand for Nigerian assets and money sent home by citizens living abroad surged last month as reforms instituted by President Bola Tinubu’s…

Nigeria has hired investment banks including Citibank NA, JPMorgan Chase & Co. and Goldman Sachs Group Inc. to advise it on its first eurobond issue…