The Nigeria Communications Commission (NCC) is set to harmonise all short codes and USSD in use in Nigerian telecommunication industry. The plan for the harmonisation was recently unveiled to stakeholders in the industry at a stakeholder’s forum organised by the NCC at the Digital Bridge Institute, Lagos.
Forex market gets $514m boost ahead of Yuletide
The Central Bank of Nigeria (CBN) ended foreign exchange (forex) market transactions for the week with $303.9 million, as it earlier in the week, sold $210 million to sustain liquidity.
Addax plans $5billion fresh investment in Nigeria
Addax Petroleum Development (Nigeria) Limited, said it is planning a fresh investment of up to $3-5billion in the country over the coming years...
Experts urge more economic reforms for growth
To take the economy out of secular stagnation in 2018, experts have called on the Federal Government to deepen its structural and institutional reforms and attract more participation of Multi-National Enterprises (MNE).
CBN revives N550b non-oil export facility
The Central Bank of Nigeria (CBN) stepped up its development intervention in the economy as it disclosed yesterday that N500 billion Export Stimulation...
Total value of issuance in capital market hit N1.55t in 2017
The Securities and Exchange Commission (SEC) has announced that the total value of issuances in the capital market as at September 2017 hit N1.55 trillion with equities accounting for 12%.
Stakeholders prescribe protection mechanisms for investors
Participants at a one-day forum organised by the Investment Advisers and Portfolio Managers (IAPM), in Lagos, have stressed the need for the entire market spectrum...
Caution optimism and Nigeria’s economy
The Central Bank of Nigeria (CBN), at its last Monetary Policy Committee meeting, retained all rates for a period of 16 months, since July 2016 when it adjusted it upwards from 13 per cent to 14 per cent. The move was more of a “single dose” approach to multiple challenges facing an economy soon to…
Lawmakers pledge enactment of law on factoring
The absence of enabling law on factoring in the country may soon be over as members of the Banking Committee of the Nigerian Senate and the Banking...