IPO: Dangote Petroleum Refinery extends offer period by two weeks
A Nigerian oil refinery owned by Africa's richest man is extending the deadline for its initial public offering in order to broaden participation, its owner said Monday.
Naira appreciates to N1,555/$ in parallel market
By Elizabeth Adegbesan The Naira yesterday appreciated to N1,555 per dollar in the parallel market from N1,560 per dollar last weekend. Similarly, naira appreciated to N1,533.8 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira fell to N1,533.8 […]
$1trn economy impossible without competitive maritime, logistics system — Akutah
By Providence Ayanfeoluwa As Nigeria charts a bold path toward building a $1 trillion economy, maritime and logistics experts have warned that the country’s ambitions may remain elusive without urgent reform in the sector. Speaking at the International Chamber of Commerce, ICC, Nigeria post meeting talk show, with the theme: “Shipping and Maritime Trade: The Backbone […]
Industrial-led development key to $1trn economy target — Manufacturers
By Yinka Kolawole In order to achieve Nigeria’s aspiration to become a $1 trillion economy by 2030, the Manufacturers Association of Nigeria (MAN) has tasked the federal government to prioritise industrial-led development. Director General of MAN, Segun Ajayi-Kadir, who gave the charge in a chat with Vanguard, said that industrial transformation must be the anchor of Nigeria’s […]
CBN: Building resilient, strong banks in era of recapitalisation
With eight banks already meeting the recapitalisation requirements, and others making progress towards the deadline, the Central Bank of Nigeria (CBN) says it will sustain its oversight of the banking system. The move is expected to ensure continued resilience, safety and soundness of the financial system. Besides, the Monetary Policy Committee (MPC) members recently acknowledged the continued […]
MAN urges strict enforcement of initiatives to curb illegal road taxes
The Manufacturers Association of Nigeria (MAN) has urged seamless implementation of the Single Inter-State Road Tax Sticker (SIRTS) and Single Haulage Fee (SHF) initiatives to curb illegal road taxes and reduce the overall burden of multiple taxation on businesses across the country. Director-General of MAN , Segun Ajayi-Kadir, made the call at a strategic dialogue workshop […]
