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NSE, others launch mutual funds platform

The Nigerian Stock Exchange (NSE) in partnership with some market participants has launched Mutual Fund trading and distribution platform. The participants are the Fund Managers...

CBN provides $268.4m, CNY46.3m

The Central Bank of Nigeria (CBN) has provided 340 million dollars and 46.3 million Chinese Yuan (CNY) to customers seeking foreign exchange in the...

Brokers reiterate commitment to partner with firms

The Nigerian Council of Registered Insurance Brokers (NCRIB) says its members will continue to partner with insurance companies to accelerate development of the industry. President...

Jumia, Konga going for billion dollars IPOs

Jumia and Konga, two major players in the e-Commerce, are creating visible excitement in the space with eye-catching listing of their shares on the...

Samsung launches Galazy S10

Samsung has announced four different versions of the new Galaxy S10, a phone with a 6.1-inch display. The plus-sized model, a “less expensive” version of...

Nigeria makes N298b from VAT

The National Bureau of Statistics (NBS) has said Nigeria generated N298.01 billion from Value Added Tax (VAT) in fourth quarter, 2018. NBS said this in...

MTN denies accusations of understating revenues

The Ugandan unit of South African telecommunications firm, MTN Group, has denied government accusations it has been understating its revenues. MTN Uganda said on Thursday...

Non-oil sectors generate 54% of Nigeria’s revenue

Nigeria’s Federal Inland Revenue Service (FIRS) has disclosed that the non-oil sector contributed about 54 per cent of the N5.32 trillion revenue it generated...

Access Bank mulls first Green Bond in Africa

Access Bank has perfected arrangement to issue the first corporate Green Bond in Africa worth N15 billion following approval of its Book Build by...

Kenya’s power firm records drop in profit

Kenya has recorded a 16 per cent fall in half-year profits to Sh2.46 billion as operating expenses went up in the country’s power company. The...

Heritage Bank Floats Innovation Lab To Boost Tech Startups

Heritage Bank Plc has launched its innovation accelerator programme tagged, “HB LAB” a 12-week programme, expected to provide technology startups with enabling environment, resources...

South Korea’s SK Hynix to spend $107b on factories

South Korea’s SK Hynix said it would spend $107 billion building four factories, as the memory chip maker seeks to maintain its competitiveness in...

Ghana to issue $217.8m bonds

Ghana is issuing $217.8 million bonds to help the country’s lender, National Investment Bank (NIB) to become more liquid. The government would provide a 100...

Saudi to invest $100bn in India

Saudi Arabia’s Crown Prince Mohammed bin Salman has said he saw investment opportunities of more than $100 billion in India over the next two...

NACC leads trade mission to Silicon Valley

The Nigerian-American Chamber of Commerce (NACC) is set to lead a team of about 20 businesses on a trade mission to Silicon Valley, USA,...

Investors bid N234b for N150b bonds

The Debt Management Office (DMO) says the Federal Government’s February bonds received over N234 billion from investors for the N150 billion that was offered. A...

PTAD concludes biometric of ex-workers of sugar firm

The Pension Transitional Arrangement Directorate (PTAD) has concluded the verification of ex-workers of Savannah Sugar Company Ltd (SSCL). PTAD in a statement in Abuja, said...

Nigeria’s downstream sector records $56bn revenue

Nigeria’s downstream sector records a yearly income of 56 billion dollars, Mr Abayomi Awobokun, Chief Executive Officer, Enyo Retail and Supply Limited, has said. Awobokun...

Naira gains marginally against dollar

The Naira has gained 26 Kobo to exchange at N362.04 to the dollar at the investors (I & E) window. The naira had previously closed...

Cement firm unveils plan for power plant

Ashaka Cement Company, a subsidiary of Lafarge Africa, has unveiled plans to inaugurate a 16-megawatt power plant in order to improve and solve the...

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NSE, others launch mutual funds platform

The Nigerian Stock Exchange (NSE) in partnership with some market participants has launched Mutual Fund trading and distribution platform. The participants are the Fund Managers...

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