Business

NCC renews MoU with Lottery Commission The Nigerian Communications Commission, NCC, Wednesday in Abuja, signed a revised Memorandum of Understanding with the National Lottery Regulatory Commission, NLRC, with provisions to deter unapproved lottery and gaming practices on telecommunications platforms through information and intelligence sharing. Executive Vice Chairman of NCC, Prof. Umar Danbatta noted that the […]

Vantage Capital, Africa’s largest mezzanine debt fund manager, announced that in December 2022 it fully exited its investment in Pétro Ivoire, the most established locally-owned distributor of petroleum and gas products in Côte d’Ivoire. The company has a leading position in the gas-to-consumer segment as well as about eighty service stations around the country. Vantage

By Eyo Nsima First Bank of Nigeria has concluded plans to hold Nigeria’s Economic Outlook virtually on January 20, 2023. The event aims at enabling its customers and the public to make informed decisions as 2023 begins. In a message to its customers, the bank, stated: “As businesses and individuals, we often set goals ahead

We commend the President for withholding assent on the 2023 Finance Bill as this would allow for broader consultation, participation and inclusion in the legislative process.  This is alsoin line with democratic standards of law making. Meanwhile, the CPPE has comments on some aspects of the bill as follows: IMPOSITION OF EXCISE DUTY ON ALL

By Eyo Nsima First Bank of Nigeria has concluded plans to hold Nigeria’s Economic Outlook virtually on January 20, 2023. The event aims at enabling its customers and the public to make informed decisions as 2023 begins. In a message to its customers, the bank, stated: “As businesses and individuals, we often set goals ahead

By Eyo Nsima Two companies – BUA Foods Plc and Wema Bank Plc – have joined the list of most liquid stocks in the Nigerian Exchange Limited (NGX). The NGX-30 index is dedicated to capturing the top 30 companies in terms of the total value of equities listed on the NGX (market capitalization) and liquidity.

By Eyo Nsima The Central Bank of Nigeria, CBN, has disclosed that the deficit spending by the Federal Government fell by 21 percent, Month-on-Month, MoM, to N530 billion in October 2021, from N670.7 billion in September last year, due to a decline in interest payment on domestic debts. According to the CBN October 2022  Economic

The Lagos Chamber, in fulfilling its role as an economic thinktank and an advocacy body reviews the economy at regular intervals through various events, platforms, and on various private sector issues. The Chamber, in 2022, considered various issues as they emerged looking at how these issues affected the business community and made very useful and

UPDATED: Nigeria’s top 3 GSM operators by market share By Eyo Nsima MTN, Globacom and Airtel have emerged as the top three GSM operators in Nigeria by market share in October 2022, according to the latest Nigerian Communication Commission, NCC data. In its data – Subscriber/Operator Data – obtained by The Daily, www.thedaily-ng.com, MTN leads others