Dangote to launch own shipping fleet to boost maritime operation
By Godwin Oritse In a move to address limited shipping capacity and the rising cost of road transportation, which have hindered its regional expansion, Dangote Industries has concluded plans to acquire its own vessels to facilitate the movement of its products from Nigeria to markets across West and Central Africa. Speaking from the perspective of […]
Stock market extends rally as investors reap N3.3trn
By Peter Egwuatu The Nigerian stock market extended its bullish run last week, as investors reaped N3.34 trillion gain, with sustained buying interest in banking, consumer goods and selected industrial stocks, which outweighed pockets of profit-taking witnessed across some other sectors of the market. The positive close on the Nigerian Exchange, NGX, further reinforced investor confidence […]
S&P raises Nigeria’s credit rating on stronger economy
Nigeria today secured a major boost in global investor confidence as S&P Global Ratings upgraded the country’s sovereign credit rating to ‘B’ from ‘B-’, citing improvements in macroeconomic stability, foreign exchange reforms and stronger oil sector performance.
Equities market loses N1.23trn as profit-taking persists
The equities market extended its bearish trend on Friday, shedding N1.226 trillion as investors recorded losses in major stocks.
Post-recapitalisation: CBN tightens grip on governance
With a combined N4.65 trillion injected into the system within two years, Nigerian banks have emerged from the exercise with significantly stronger capital buffers, improved resilience, and enhanced capacity to take on larger and more complex financial transactions.
CBN launches FX manual, grants extractive firms full proceeds access
The Central Bank of Nigeria (CBN) has launched the 4th Edition of the Foreign Exchange Manual which grants foreign companies in the extractive industry 100 percent unfettered access to their export proceeds.
