All business, markets and economics news

Read more about the article Investors overshoot FG Bonds by 140bn
Federal Government of Nigeria to auction 100bn Bonds on March 27

Investors overshoot FG Bonds by 140bn

Federal government bonds put out for subscription on March 27 was oversubscribed in excess of 140bn by investors. This was revealed by the Debt Management Office (DMO) in a statement released on Wednesday. The DMO statement read: “The FGN Bond auction for March 2019 conducted on Wednesday at which N100bn bonds were offered was oversubscribed just as in the auctions…

Continue ReadingInvestors overshoot FG Bonds by 140bn
Read more about the article Only 3,098,193 firms registered since 1990
The Corporate Affairs Commission of Nigeria, CAC, reveals that it has registered 3,098,193 firms since inception in 1990

Only 3,098,193 firms registered since 1990

The Corporate Affairs Commission (CAC), the body responsible for incorporation of enterprises in Nigeria has revealed that it has registered 3,098,193 firms since inception. It said the figures are since the founding in 1990 to March 21, 2019. The number covers all categories of businesses in Part A, B and C. Acting Registrar of the Commission, Mrs Azinge Azuka disclosed…

Continue ReadingOnly 3,098,193 firms registered since 1990
Read more about the article Improve electricity for entrepreneurs – Elumelu urges Buhari
Speaking at the presentation of 3,050 beneficiaries of the Tony Elumelu Foundation 2019 entrepreneurs seed funding stream, Tony Elumelu urged president Muammadu Buhari to improve electricity for entrepreneurs to thrive.

Improve electricity for entrepreneurs – Elumelu urges Buhari

Tony Elumelu, former Group Managing Director and CEO of United Bank for Africa (UBA) has urged president Muhammadu Buhari to improve electricity so entrepreneurship can thrive. He said this at the unveiling of 3, 050 successful applicants of the Tony Elumelu Foundation (TEF) on Friday, in Abuja. In the report by NAN, Elumelu said that entrepreneurship is the way to…

Continue ReadingImprove electricity for entrepreneurs – Elumelu urges Buhari
Read more about the article Nigeria expecting fifteen ship load fuel import in March – NPA
The Nigeria Ports Authority disclosed on Monday that ship load of fuel and other goods would arrive the country before March end

Nigeria expecting fifteen ship load fuel import in March – NPA

Nigeria will receive seventeen ship imports before the end, out of which, 15 of them are carrying fuel. This information was revealed by the Nigerian Ports Authority, NPA, in its daily publications 'Shipping Position'. The report, according to NAN, further discloses that the ships are expected to arrive between March 17 and March 29 at the Lagos Apapa/Tin Can Island…

Continue ReadingNigeria expecting fifteen ship load fuel import in March – NPA

Legacy of PDP: Nigeria loses $6bn in corrupt oil deal

Nigeria will lose an estimated $6 billion in revenue to international oil companies, Shell and Eni, over the deal on the controversial oil block, widely known as Oil Prospecting License (OPL) 245. icirnigeria.org reported the new findings quoting a report by Global Witness called Take The Future. According to icir.org, leaked emails and confidential documents also showed that the oil…

Continue ReadingLegacy of PDP: Nigeria loses $6bn in corrupt oil deal