says it has implemented a series of initiatives aimed at reducing the time it takes for companies to list their shares on the Nigerian stock exchange. A statement from the SEC on Sunday, September 1, said the reforms are part…
Dollar, Pound, Euro Exchange at New Rates in Official, Black Markets As Naira Depreciates .
journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends. closed on the foreign exchange (FX) market closed the month of August 2024 on a negative note…
NNPC expands LNG exports to Japan, China.
The Nigerian National Petroleum Company Limited (NNPC) has expanded its global market reach with the delivery of liquefied natural gas (LNG) cargoes to Japan and China on a Delivered Ex-Ship (DES) basis. Olufemi Soneye, NNPC’s chief corporate communications officer, announced…
Naira records appreciation against dollar as FX turnover increases.
The naira recorded its first gain against the dollar on the foreign exchange market on Tuesday as FX transaction turnover increased. The FMDQ data showed that the naira gained N2.33 at N1594.27 per dollar on Tuesday from N1596.60 exchanged on…
Why we raised fees of Nigerian passport – FG
The federal government has listed four main reasons for raising the fees of the Nigerian international passport, effective from September 1, 2024. In a circular released on Saturday, the Nigerian Immigration Service (NIS) said the rise in fees was based…
Atiku asks FG to explain Oando’s ‘accelerated approval’ in AGIP-ENI deal
On September 4, 2023, Oando Plc said it had reached an agreement with Eni, an Italian oil major, on the acquisition of a 100 percent stake in its subsidiary — the Nigerian Agip Oil Company Limited (NAOC Ltd). Eni, on…
Dutch regulator fines Uber €290 million for transferring drivers’ data to the U.S
The Dutch Data Protection Authority (DPA) has imposed a fine of €290 million on Uber for violating data protection law regarding the privacy of its drivers in Europe. The Dutch data protection watchdog, in a statement released on Monday, said it found…
Engineers hail Dangote Petroleum Refinery as company prepares for PMS rollout
The League of engineering bodies in Nigeria have hailed the huge scale of engineering structures at the Dangote Petroleum Refinery and Petrochemicals and Dangote Fertiliser Plant at Ibeju-Lekki, Lagos State, describing the superstructure at the complex as awesome and mind-blowing;…
Canadian Mining Company Discovers Second-Largest Diamond Ever Found In Botswana
Lucara Diamond, a Canadian mining company, has announced the discovery of a massive diamond weighing 2,492 carats, the second-largest ever found on earth. The extraordinary gemstone was unearthed at Lucara’s Karowe Diamond Mine in Botswana, southern Africa. The company’s advanced…
AfriGO launches upgraded settlement process for instant credit to POS merchants
AfriGOpay Financial Services Limited (AFSL) has announced the successful launch of instant point of sale (POS) settlement for AfriGO card transactions, marking a significant advancement in the global payment landscape. This pioneering service provides merchants with instant credit for transactions,…