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Nigeria Signs Commercial Investment Dialogue With USA

Nigeria and the United States of America (USA) have signed a Memorandum of Understanding (MoU) on an investment instrument titled US-Nigeria Commercial Investment Dialogue (CID). The two countries signed the MoU at the Federal Ministry of Industry, Trade and Investment...

NSEs Market Capitalisation Falls By N61 Billion

Price losses outweighed gains on the equity sector of the Nigerian Stock Exchange (NSE) yesterday, as most blue chip stocks depreciated in price, causing market capitalisation to plunge by N67billion.   Yesterday, 22 stocks depreciated in price, as Nigerian Breweries...

$300m Illegal Rosewood Logs Smuggled To China

Environmental Investigation Agency (EIA) in its recent reports has revealed that over 1.4 million illegal rosewood logs from Nigeria, worth $300 million, were laundered into China. The reports by EIA described illegal rosewood logs from Nigeria as one of the...

Nigeria’s GDP Up 1.4 Percent

The Presidency yesterday described as a welcome development the latest Gross Domestic Product (GDP) figures released by the National Bureau of Statistics, with oil, agriculture and industrial sectors leading the growth. The Senior Special Assistant to the President on Media...

Nigeria Floats US$3bn Dual-Tranche Bond

…Announces pricing of US$1.5bn 10-year; US$1.5 billion 30-year notes under its Global Medium Term Note programme The Federal Government has announced that it has priced its offering of US$3 billion aggregate principal amount of dual series notes under its US$4.5...

$500m Dangote Cement Plant Debuts In Congo

Baring any hitches Dangote Cement will officially open its 1.5million metric tonnes per annum capacity Cement Plant in Congo on Thursday.  Constructed at a conservative cost of $500 million, the Plant is expected to directly employ more than 1000 people as...
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