Business
Housing crisis: Workers resort to their pension savings for home ownership
•Number of withdrawers rises 284% to 28,437 •Amount withdrawn rises 228% to N92.7bn •Experts make case for Nigerians not on CPS •Despite increase in NHF pool, workers still unable to
Economic recovery accelerates as Sept PMI rises to 53 points
By Elizabeth Adegbesan The momentum of Nigeria’s economic recovery picked up significantly at the end of the third quarter, fueled by a sharp rebound in industrial activity and sustained resilience
11 Blue-chip Firms Account for 75.14% of N163.10tn Stock Market Capitalisation
Kayode Tokede As the Nigerian equities market continues to hit record high, blue-chip stocks have continued to dominate in terms of market value with just 11 firms accounting for N122.56
NFEM Records $12.98bn Turnover as Market Activity Remains Robust
Nume Ekeghe Trading activity at the Nigerian Foreign Exchange Market (NFEM) remained substantial in September, with total turnover reaching $12.98 billion across 22 trading days, according to market data. The
Stock Market Drops by N813bn on Profit-taking in BUA Foods
Kayode Tokede The stock market section of the Nigerian Exchange Limited (NGX) depreciated by N813billion last week amid profit-taking in BUA Foods Plc, MTN Nigeria Communication (MTNN) Plc, BUA Cement
ProvidusUnity Bank Deepens Customer Engagement Across Northern Nigeria
Nume Ekeghe ProvidusUnity Bank has stepped up its engagement with customers across Northern Nigeria, hosting a series of forums that brought together more than 1,000 customers and prospective customers in
NPA to End Non-oil Export Bottlenecks to Boost FX Inflow
Eromosele Abiodun The Nigerian Ports Authority (NPA) has said that it has stepped up efforts to remove bottlenecks hampering Nigeria’s non-oil exports, with a renewed push to expand export channels,
Norrenberger Restates Ambition for Nigeria’s Capital Future
Norrenberger will today mark eight years of operations, closing a chapter that took it from a modest capital market institution to an integrated financial services group spanning investments, trust, pensions, insurance, infrastructure and lending. The Group was incorporated in 2017 and began operations in 2018. Speaking on the milestone, the Group Managing Director and Chief Executive Officer, Tony Edeh, said: “Eight years is not just a number to us. It is a record of decisions taken, risks managed and promises kept. We started as a modest capital market institution with a big vision, and we have built a Group that serves Nigerians across investments, insurance, pensions, lending and digital banking. We take that seriously. We do not consider it finished.” “We believe capital must be intentional. The next eight years are about ensuring that the capital we mobilise is structured wisely, deployed purposefully and managed with discipline, in service of Nigeria’s economic ambition. To our clients, our people, our regulators and our partners: thank you. The standard you hold us to is the reason we keep raising it,” Edeh added. This post was originally published on this site
APM Terminals Calls for Accelerated Action on Green Maritime Infrastructure
Eromosele Abiodun APM Terminals Nigeria has called for stronger collaboration among government, industry, investors and development partners to accelerate the development of bankable green infrastructure projects capable of transforming Nigeria’s
Standard Chartered, EDC Graduate 11 Female Founders in Tech Skills
Emma Okonji The Enterprise Development Centre (EDC) of Pan-Atlantic University, in partnership with the Standard Chartered Foundation and Village Capital, has graduated 11 women-led businesses at the 7th edition of
