Nigerian Exchange Limited has commended the Institute of Chartered Accountants of Nigeria (ICAN) for its leading role in producing world-class chartered accountants, as well as regulating, and continuously enhancing their ethical standards and technical competences in the interest of the capital market and the Nigerian economy as a whole. The Chief Executive Officer, NGX, Mr. Temi Popoola stated this during ...

The Securities and Exchange Commission, SEC has said that the  efficient functioning of capital market in the West African Region  demands a regular assessment of policies and programs to fit current realities and address the region’s peculiar challenges. This was stated it’s Director-General of Mr. Lamido Yuguda at the West African Capital Markets Conference with the theme: “Deepening and Strengthening the ...

The United Bank for Africa (UBA) Plc, has rewarded its loyal customers in the just concluded UBA Super Savers draw, giving out a total of N16.6m in cash prizes. The computerised draw held at the Tony Elumelu Amphitheatre at the UBA Head Office recently was witnessed by members of the press as well as representatives of the National Lottery Regulatory ...

One of the foremost banks in Nigeria, Access Bank in its effort to boost financial inclusion has announced intentions to significantly increase its customer base and deepen wallet share of the banking population riding on its agency banking platform. Access Bank agency banking ‘Access Closa’ recently hit a milestone of having 100,000 agents currently spread across Nigeria as the bank ...

The Nigeria Liquified Petroleum Gas Association (NLPGA) has explained reason why the cost of cooking gas is not steady. The President, Nuhu Yakubu spoke during a visit to former President Olusegun Obasanjo in Abeokuta, the Ogun State capital. Yakubu said the fluctuations in the LPG price were caused by the local rate of the American currency. “Once the United States ...

Taking decision after its meeting, Monetary Policy Committee of the Central Bank of Nigeria (CBN) has jacked up benchmark interest to 13 percent. The Governor of the Central Bank, Godwin Emefiele, while reading the communique said the action was to tame the raising inflation rate in the country. Nigeria’s inflation rate jumped to 16.82 per cent in April from 15.92 ...

The National Bureau of Statistics (NBS, has disclosed that Nigeria’s economy has experienced growth of 3.11%, year on year, YoY, in the first quarter of the year (Q1’22) from 0.51% as recorded in the corresponding period in 2021 (Q1’21). The Nigerian Gross Domestic Product Report (Q1 2022) released this morning (Monday) by the National Bureau of Statistics, said, “Gross Domestic ...

Amidst economic hardships, the Federal Government is planning to impose a new tax on phone calls in the country. It was learnt that the new tax regime is meant to meet the needs of people considered to be most vulnerable to health challenges. It should be noted that telecommunication companies have been calling for increase the cost of their services ...

The Presidency has approved the appointment of Anamekwe Chukwunyere Nwabuoku as the new Accountant-General of the Federation. The new development follows the recent suspension of Ahmed Idris over allegation of corrupt practices. Nwabuoku’s appointment by President Mohammadu Buhari was confirmed in a letter signed by the Permanent Secretary of Finance, Federal Ministry of Finance, Budget and National Planning, Aliyu Ahmed, ...

A new report claims that Africa’s richest man, Aliko Dangote, does not have the kind of money needed to complete his refinery by 2023. The report published by Fitch, the world’s biggest global rating agency, alleges that the Nigerian billionaire requires an additional $1.1 billion (900 billion) to complete the refinery but has invested all his cash and even borrowed ...