BY MOTOLANI OSENI Foreign and domestic portfolio investment in Nigeria’s equities market experienced a decline of N633.47 billion in April 2025 as domestic investors showed resilience amid a shift in foreign investment. The total portfolio investment dropped by N633.47 billion, reflecting a significant shift from March’s heightened activity, primarily due to the absence of block […]
Foreign airline operators in Nigeria have challenged the announcement by the Central Bank of Nigeria (CBN) that it has cleared all valid foreign exchange backlogs. Speaking through the President of the Association of Foreign Airlines and Representatives in Nigeria (AFARN), Kingsley Nwokeoma, the operators challenged the federal government to provide evidence of payment. “If they’ve […]
By Temitope Adebayo Experts have called on the federal government to secure long term foreign loans to clear foreign exchange forwards, foreign portfolio investors and airlines trapped fund . It could be recalled that the Association of Bureau De Change Operators of Nigeria (ABCON) has said, the $2.2billion prepayment facility from the African Import Export […]
The federal government has revealed plan to deploy security agents after Nigerians with fake certificates from foreign countries, especially those already using them to secure opportunities in the country. The minister of Education, Tahir Mamman, disclosed this while speaking with ChannelsTV on Wednesday night. Politics Nigeria reports that the federal government had suspended accreditation of […]
By Tom Okpe Deputy Speaker of the House of Representatives, Rep Benjamin Okezie Kalu has said the parliament will frown at foreign companies, operating in Nigeria yet refuse to transfer their skills to the locals. He said skills transfer will help advance local technology and sustain foreign investments. Kalu spoke when he received a delegation […]
By Ukpono Ukpong The Federal Government has awarded citizenship on 385 foreign nationals from United State of America, United Kingdom as well as other countries. Speaking at the event, the Vice President, Yemi Osinbajo said that Nigeria’s cultural diversity, hard work, innovation and infectious optimism of its people are some of the attributes that make […]
*As investors’ wealth decline by N16bn amid Airtel, Nestlé dip By Motolani Oseni As Nigeria goes into 2023 with a lot of activities, including the national elections beginning from next month, among many other events that would shape the growth of the largest economy in Africa, indications are rife that Foreign Portfolio Investors’ (FPI’s) may […]
By Chukwuemeke Iwelunmo The President of the Association of Foreign Airlines Representatives of Nigeria (AFARN) Mr Kingsley Nwokoma says Chairman, of the National Drug Law Enforcement Agency (NDLEA), Brigadier-General Buba Marwa (Rtd) will be presented with a prestigious award for waging war on drug trafficking in Nigeria. Nwokoma, who spoke to journalists in Lagos to […]
Strife-torn Hong Kong marked the 70th anniversary of communist China’s founding with defiant “Day of Grief” protests on Tuesday as pro-democracy activists ignored a police ban and took to the streets in multiple neighborhoods. The international finance hub is on edge as protesters vow to overshadow Beijing’s festivities, stepping up their nearly four months of […]
….As Naira steadies across FX markets, lifted by $287.9 The Nigerian Autonomous Foreign Exchange (NAFEX) widow, recorded total turnover trade of $1.06 billion in just one week, between Monday 20 November and Friday 24 November 2017, findings by the Daily Times Nigeria have revealed. However, the Naira, at the end of Friday sustained the slightly […]
….Set to increase crude production by 39000 bp/d Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Limited (CNL)have executed the second and final phase of an Alternative Financing Agreement. A statement signed by the Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, on Sunday, in Abuja, said the agreement was signed in London, […]
….Sokoto, Edo plants to be commissioned in 2018 The Chairman of BUA Group, Alhaji Abdulsamad Rabiu, has said that his firm will soon increase cement output in the country, as he plans to expand the company’s facilities in order to make more cement available for local consumption. He said, “We will be inaugurating our Sokoto […]