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  • CBN grants licenses to 3 Payment Service Banks

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Banking & Finance
    The Central Bank of Nigeria (CBN) has granted final licenses to 3 Payment Service Banks (PSBs) to start operation.
  • FG, China Begin Construction of Brass Shipyard

    Content Types: ArticleRegions & Countries: ChinaNigeriaIndustries: ManufacturingShipping
    The federal government weekend said it has begun a feasibility study for the construction of a shipyard in Brass Island, Bayelsa State, which will be ready in six months to cater for the maintenance and repair services of cargo vessels, oil tankers and Liquefied Natural Gas (LNG) carriers.
  • UPDC lists $41 million rights issue of NSE

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Banking & Finance
    UACN Property Development Company (UPDC) Plc has listed its N16 billion rights issue at the Nigerian Stock Exchange (NSE).
  • The Nigerian Stock Exchange Commits N100m to Support the Fight against COVID-19

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Banking & FinanceMedical & Health
    The Nigerian Stock Exchange is pleased to announce that it has committed N100million to support the fight against Coronavirus (COVID-19) in Nigeria. N60million out of this sum will be donated to the Capital Market Support Committee for COVID-19 (CMSCC), while the balance N40million will be devoted to the “Masks For All Nigerians” campaign.
  • AFEX partners FMDQ, Dubai Commodities Exchange to deepen markets opportunities

    Content Types: ArticleRegions & Countries: United Arab EmiratesNigeriaIndustries: Banking & FinanceCommodities & Trade
    AFEX Commodities Exchange Limited has signed memorandum of understandings (MOU) with FMDQ Holdings Plc and the Dubai Gold and Commodities Exchange (DGCX) to develop products that would deepen the Nigerian capital market and provide new market opportunities for the commodities traded in both exchanges respectively.
  • Chinese imports from Nigeria increased by more than 70% ―Envoy

    Content Types: ArticleRegions & Countries: ChinaNigeriaIndustries: Commodities & Trade
    Chinese Ambassador to Nigeria, Zhou Pinjiang, has said that Chinese imports from Nigeria last year increased by more than 70%.
  • Lagos raises N100 billion bond to finance infrastructure

    Content Types: ArticleRegions & Countries: NigeriaIndustries: InfrastructureBanking & Finance
    Lagos State Government has opened a new chapter in its stride towards attaining self-sustenance in finance and governance. Governor Babajide Sanwo-Olu on Wednesday, signed documents for the issuance of N100.33 billion bond, which the State raised from capital market to fund infrastructure and pressing capital projects.
  • Corporate Nigeria Attracts $8.57 Billion Funding in 2019

    Content Types: ArticleRegions & Countries: NigeriaIndustries: Minerals & ResourcesOil & Gas...
    The energy sector attracted $370.45 million within the period under review. Major investors in the sector include Daystar Power, Arnergy, Virtus and Green Energy International Ltd. Funds raised in the sector were majorly series funding and equity.
  • Nigeria launches construction of the US$5.3B Ibadan-Kano railway

    Content Types: ArticleRegions & Countries: ChinaNigeriaIndustries: Real Estate & ConstructionInfrastructure
    The construction of the Ibadan-Kano railway will commence early in 2020 according to the Minister of Transportation, Chibuike Amaechi who was on an inspection tour of the project.
  • Aruwa launches co-investment vehicle and makes first investment in Nigeria

    Content Types: ArticleRegions & Countries: NigeriaServices: Investment Promotion
    Aruwa Capital Management has launched a $20m West-Africa focused Private Equity co-investment vehicle, which is focused on closing the gender equality gap, and has completed its first investment, in Wemy Industries, Nigeria’s first and only indigenous personal hygiene company.

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