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SEC to delist naira from P2P platforms

    SEC to delist naira from P2P platforms

The Securities and Exchange Commission (SEC) has announced plans to delist naira from all peer-to-peer (P2P) platforms. This was disclosed by Emomotimi Agama, SEC acting director general (DG), during a

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MAN DG: Going to court over unsettled FX backlog not an option

    MAN DG: Going to court over unsettled FX backlog not an option

The Manufacturers Association of Nigeria (MAN) has denied reports on plans of going to court over unpaid foreign exchange (FX) backlog of members. Segun Ajayi-Kadir, director-general of MAN, spoke in

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DisCos slash Band A electricity tariff to N206.80/kwh

    DisCos slash Band A electricity tariff to N206.80/kwh

Electricity Distribution Companies in Nigeria have announced a reduction in the tariff of customers under Band A classification to N206.80 per kilowatt-hour (kwh). On April 3, the Nigerian Electricity Regulatory

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Electricity report, TCN unbundling… business stories to track this week

    Electricity report, TCN unbundling… business stories to track this week

Here are the seven top business stories you need to track this week — May 6  to May 11. NBS REPORTS The Nigerian Bureau of Statistics (NBS) is expected to

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Nigeria-UK trade worth £7bn, says British envoy

    Nigeria-UK trade worth £7bn, says British envoy

Richard Montgomery, the British high commissioner to Nigeria, says trade relations between Nigeria and the United Kingdom (UK) are about

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INTERVIEW: Unsettled FX backlog truncated businesses with loan obligations, says MAN DG

    INTERVIEW: Unsettled FX backlog truncated businesses with loan obligations, says MAN DG

Despite being the backbone of the economy, the manufacturing sector is often at the receiving end of many government policies.

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CBN: Banks’ loans to private sector dropped by nearly N10trn in March

    CBN: Banks’ loans to private sector dropped by nearly N10trn in March

The Central Bank of Nigeria (CBN) has disclosed banks reduced loans to the private sector to N71.21 trillion in March.

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Nigerian, Israeli firms enter partnership to create 1,000 jobs through agriculture

    Nigerian, Israeli firms enter partnership to create 1,000 jobs through agriculture

Tova Africa, a social entrepreneurship organisation in Nigeria, and Green 2000, an Israeli agricultural firm, have signed a partnership deal

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TCN: Amukpe substation in Delta to experience power outage for two weeks

    TCN: Amukpe substation in Delta to experience power outage for two weeks

The Transmission Company of Nigeria (TCN) says there will be power outage in its Amukpe substation in Delta state for

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Fitch upgrades Nigeria’s credit outlook to positive, cites economic reforms

    Fitch upgrades Nigeria’s credit outlook to positive, cites economic reforms

Fitch, a global rating agency, has reviewed Nigeria’s outlook to positive from stable. A credit rating is a measure of

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