- Badagry Deep Seaport to commence operations earlier than planned
Lagos State Government is ready to give the necessary support for the timely delivery of the Badagry Deep Seaport project. The Badagry Deep Seaport is expected to commence operations earlier than planned, as the Lagos State Government is ready to give the necessary support for the timely delivery of the project. To read more, click HERE
- 2021 Budget: SERAP asks Buhari to probe N39.5 billion mysterious, duplicated projects
SERAP has asked President Muhammadu Buhari to probe the reported N39.5 billion duplicated and mysterious projects inserted in the 2021 budget. SERAP asks Buhari to probe N39.5 billion duplicated, mysterious projects. Socio-Economic Rights and Accountability Project (SERAP) has asked President Muhammadu Buhari to probe the reported N39.5 billion duplicated and mysterious projects inserted in the 2021 budget. To read more, click HERE
- Paxful eyes more crypto trades despite CBN ban
Paxful, a cryptocurrency trading platform, says it expects 23 per cent more crypto traders from Nigeria on its platform than what it recorded in 2020. The company told our correspondent that it was on track to have 36 per cent more bank transfer volume on its platform than it had last year. Read more, click HERE
- SEC steps in as more Nigerians buy foreign stocks
The Securities and Exchange Commission has said it will register and actively monitor brokers selling stocks for foreign companies in furtherance of its mandate of ensuring investor protection and market transparency, especially for retail investors. The Executive Commissioner Operations, SEC, Mr Dayo Obisan, was quoted in a statement by SEC on Sunday as saying this during an interview with Bloomberg over the weekend. To read more, click HERE
- Lagos Commodities Exchange Set to List First Gold
The Lagos Commodities and Futures Exchange (LCFE) is set to admit Dukia Gold‘s diversified financial instruments, backed by gold as the underlying assets in a sector worth over N300 trillion. Addressing journalists at the pre-listing media interactive session in Lagos, the Dukia Gold’s Chairman of Dukia Gold, Mr. Tunde Fagbemi, said that the instruments which would be in form of Exchange Traded Notes (ETN), Commercial Papers (CP) and other gold-backed securities would enable the company deepen the commodities market in Nigeria, increase capacity, generate foreign exchange for the government to diversify external reserve and create massive employment across the metal production value chain. To read more, click HERE
- Nigerian ipNX Gets Global Ranking
ipNX, Nigeria’s broadband internet service provider, has been recognised by Ookla, a global player in broadband network testing applications as the fastest fixed broadband provider in Nigeria for Q1 2021. According to Ookla Global Intelligence report, ipNX was also ranked as the provider with the highest consistency score in Nigeria for Q1 2021. The results were based on analysis by Ookla taken from January through March 2021. To read more, click HERE
- CIBN Holds 2021 AGM
The Chartered Institute of Bankers of Nigeria (CIBN) has concluded arrangements to hold its 2021 Annual General Meeting (AGM) on Saturday, May 15, 2021. The hybrid event will hold online via the zoom platform and physical venue at its Lagos office. HERE
- Igbo president’ll douse Biafra agitation –APC youths
The youth and students’ wing of All Progressives Congress (APC) in the South East, has said zoning the Presidency in 2023 to the region will douse rising calls for secession by groups in the southern part of the country. Its legal adviser, Noble Ojigwe, said increasing agitation for self-determination by youths in the zone was as a result of marginalization and glaring acts of discrimination against the zone by the Federal Government. To read more, click HERE
- FG, corporates raise N2.4trn from capital market –NGX
The Nigerian Exchange Limited (NGX) recently, disclosed that the Federal Government, corporates have so far raised N2.4 trillion from the capital market through equity, debt and other products this year. The Divisional Head, Listing Business at NGX, Bolumole Olumide, stated this during a webinar, themed Capital Raising for Small Medium Enterprises (SMEs) through the Stock Exchange, held in Lagos. To read more, click HERE
- Naira appreciates across forex markets as dollar supply improves by 38%
The naira appreciated at the parallel market to close at N483/$1 on Friday, representing a N2 gain compared to N485/$1 recorded on Thursday. FOREX, Dollar scarcity worsens as exchange rate falls to N472/$1 at black market , Naira falls to N460/$1 as CBN intervention fails to contain speculation. To read more, click HERE