Nigeria’ll not be Africa’s warehouse, but Africa’s workshop — Tinubu
By Yinka Kolawole President Bola Tinubu has declared that Nigeria will no longer be content with exporting raw materials and importing finished products, saying the country is determined to become Africa’s industrial workshop. Tinubu, who was represented by the Minister of State for Industry, Sen.John Enoh, spoke at the 6th Adeola Odutola lecture and Presidential […]
Petrol depot prices to drop more than 4% as Dangote Refinery restores Naira sales
Some depots had increased prices to N870 per litre from N835 per litre following the suspension of sales in Naira
NGX targets Marine Economy for bond issuanc
By Godwin Oritse THE Nigerian Exchange Limited, NGX, has commenced moves to attract the Nigeria Blue Economy sector to the capital market through the issuance of Blue Bond. Speaking to Vanguard on the sidelines of the quarterly citizens and stakeholders’ engagement organized by the Ministry of Marine and Blue Economy in Lagos, the Chief Executive Officer […]
Nigeria loses N2.5trn to maritime logistics inefficiencies—TT
By Godwin Oritse Truck Transit Parks (TTP), promoters of the Electronic Call-up System (ETO), have revealed that Nigeria has lost over N2.5 trillion to inefficiencies in maritime transport logistics. The firm stated that investment in transport infrastructure and technology remains critical to unlocking the full trade potential of Nigeria’s ports, highways, and the wider regional […]
Femi Otedola increases stake in First HoldCo by N2.01 bn
By Peter Egwuatu Femi Otedola, a significant shareholder and chairman of First HoldCo Plc, has increased his stake in the company with the acquisition of additional 64,878,668 million shares valued at N2,011,238,708. FBN Holdings disclosed the acquisition in two separate documents as required by the post listing requirement of the Nigerian Exchange Limited (NGX). According to […]
PenCom guides PFAs on securities lending, repurchase transactions
By Yinka Kolawole, with agency report The National Pension Commission (PenCom) has introduced a framework to guide pension fund administrators (PFAs) on engagement in securities lending and repurchase transactions (repos). Securities lending is a transaction where securities are temporarily transferred from a lender to a borrower, typically in exchange for a fee or collateral, while Repos are the […]
