CBN grants JPMorgan approval-in-principle to establish merchant bank
The Central Bank of Nigeria (CBN) has granted Approval-in-Principle (AIP) to JPMorgan to establish a merchant bank in Nigeria, to be known as JPMorgan Merchant Bank Nigeria Limited.
Buhari approves negotiations for $15bn loans to finance rail projects
President Muhammadu Buhari has approved that negotiation should be carried out for 15 billion dollars loan for the completion of work on the Port Harcourt – Maiduguri rail project.
AfCFTA: association advises FG on awareness creation, consultation
The National Association of Nigerian Traders (NANTS), has advised the Federal Government to consult extensively and create awareness on the implication of signing the Africa Continental Free Trade Area (AfCFTA) Agreement.
NSE market capitalisation dips N57bn, despite Dangote Cement dividend
The market capitalisation of the Nigerian Stock Exchange (NSE) on Tuesday depreciated further by N57 billion in spite of N10.50 per share dividend declared by Dangote Cement.
PIB: FG suspends award of fresh oil licenses
The Federal Government, Tuesday, stated that until all the components of the Petroleum Industry Bill, PIB, are passed by the National Assembly and assented to by the Presidency, no new licensing rounds for oil wells would be conducted.
Invest in Rivers State, Wike begs leading European investors
Rivers State Governor, Nyesom Ezenwo Wike has declared that his administration has implemented sound economic policies and programmes that have made the state the investment destination of Nigeria.
