Buhari, Emir of Qatar discuss investment opportunities in power, transport, oil

President Muhammadu Buhari and his guest, the Emir of Qatar, Sheikh Tamim bin Hamad Al-thani, discussed investments opportunities in petroleum, power, aviation, agriculture, railways, and many others, the presidency has said. Click here for more.

Lagos Alone Contributed 70% Of Nigeria’s N5.2tr Tax Revenue

The development, which shows a lopsided tax base, is also an indication that the long four-year tax reforms and campaign have less impact in the remaining 35 states given the huge untapped potential. Click here for more.

FG To Process Mining Licences In 15 Days

The Minister of State for Mines and Steel Development, Bwari Abubakar, disclosed this in Lagos on Tuesday, during the Nigeria Mining Business Investment Summit, jointly organised by the Lagos Chamber of Commerce and Industry and the Association of Metals Exporters of Nigeria. Click here for more.

Nigeria’s N24tn Debt Still Sustainable, FG Insists

The Minister of Finance, Mrs Zainab Ahmed, has said that Nigeria’s debt which currently stands at about N24.3tn is still within sustainable limit. She said that the country’s debt, which is about 19 per cent to the Gross Domestic Product, was still low compared to Ghana, Brazil, South Africa, Egypt and Angola. Click here for more.

NSEASI Dips By -0.03% Amid Positive Market Breadth; Opens The Week Negative

Equities market closed yesterday on a negative note, as NSEASI depreciated by 0.03% to close at 30,076.00 points as against 0.39%  appreciation recorded previously. Its Year-to-Date (YTD) returns currently stands at -4.31%. Click here for more.

Average Yield Moderates to 13.3% on Absence of OMO Auctions

Last week, the T-Bills secondary market sustained its bullish run for the third consecutive trading session amidst the absence of OMO auctions throughout the four trading sessions. Click here for more.

SEC, Pencom Collaborate On Financial Literacy

The Securities and Exchange Commission (SEC) and the National Pensions Commission (Pencom) have agreed to work together to ensure more Nigerians are brought into the financial literacy net. The resolution was reached  at a meeting between the Technical Committee on Financial Literacy and Pencom, held in Abuja. Click here for more.

Expert Seeks Increased Awareness on Multi-fund Investment Structure

A Chartered Insurer and former Managing Director of Linkage Assurance Plc, Dr. Pius Apere, has kicked against the multi-fund investment structure introduced last year by the National Pension Commission (PENCOM), stressing that the Pension Fund Administrators (PFAs) have not created enough awareness on the initiative. Click here for more.

Olam Acquires Dangote Flour Mills; DANGFLOUR Declares N1.16bn Loss in 2018 FYA; To Delist

Global food and agri-business leaders, Olam International is set to acquire full ownership of Dangote Flour Mills Plc (DFM), a flour and pasta manufacturer in Nigeria, for US$ 361 million, amid growing demand for bakery and snack foods in the country. Click here for more.

SAHCO lists 1.35 billion shares on NSE at N4.65

Skyway Aviation Handling Company has listed 1.35 billion shares, which is 100 per cent of its issued and paid-up ordinary shares, on the main board of the Nigerian Stock Exchange. The company officially became a public limited liability company on Tuesday by way of an initial public offering, which was undersubscribed by 35 per cent. Click here for more.

Nigeria’s Unending Fuel Subsidy Debate

The age-long debate over fuel subsidy removal in Nigeria has started reverberating. Once more, there has been divergent views on this policy which appears to be a thorn in the flesh of successive governments in the country. Click here for more.