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…

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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…

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Read more about the article NSE: Foreign investment increased by 91% in February
Nigeria Stock Exchange

NSE: Foreign investment increased by 91% in February

The Nigeria Stock Exchange (NSE) reveals in its latest foreign portfolio investment report that foreign inflows to the economy increased by 91.24 percent between January and February. Foreign Inflow stood at N22.97bn in January and N43.93bn in February It also reported an increase in foreign outflows from N27.81bn in January to N55.01bn in February, marking a 97.8 per cent increase.…

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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…

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Read more about the article N100 billion Nigeria bonds go on sale March 27
Federal Government of Nigeria to auction 100bn Bonds on March 27

N100 billion Nigeria bonds go on sale March 27

The Debt Management Office (DMO), announced on Tuesday that the Federal Government will be auctioning bonds of N100 billion come March 27. Bonds are categorised into three based on their maturation period. The five-year re-opening bonds of N40 billion with maturation period in April 2023 is offered at 12.75 per cent. Seven-year re-opening bonds also of N40 billion, maturing in…

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Nigerian Senate approves N30,000 minimum wage

Following the passage of the National Minimum Wage Bill by members of the Senate, the upper chamber approved the wage of 30, 000 for civil servants at Federal and State levels, on Tuesday. Senator Francis Alimikhena, the Ad-hoc Committee on National Minimum Wage Chairman, earlier presented the National Minimum Wage Act CAP N61 LFN (repeal and re-enactment) Bill, 2019 (SB.…

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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…

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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…

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Alhaji Aliko Dangote - the 17th President of the Nigerian Stock Exchange and Ndi Okereke-Onyiuke
The new President (NSE) Alhaji Aliko Dangote and Prof Ndi Okereke-Onyiuke, DG (NSE) at the 48th Annual General Meeting of Nigerian Stock Exchange (NSE) at the Stock Exchange building in Lagos. Photo: Biodun Ogunleye - Punch

Dangote pledges to assist FG to turnaround Nigeria’s economy

Foremost industrialist and richest man in Africa, Alhaji Aliko Dangote, has restated his commitment to assist the Federal Government in turning around and diversifying the country’s economy.

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