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UK announces guidelines for listings to boost stock market growth 

The United Kingdom’s Financial Conduct Authority announced new guidelines on Thursday for the country’s stock market listings in an attempt to encourage growth following a slowdown in IPOs. The new rules, which take effect on July 29, will bring the UK’s listing system in line with those in other countries while also making it simpler […]

NLC threatens strike over pension fund, issues seven-day ultimatum
Uncategorized

Labour union’s wage demand could cost FG N85bn monthly – SBM

N250,000 minimum wage demand by organised labor’s N250,000 minimum wage proposal might cost the federal government an additional N85 billion per month, a new report by SBM Intelligence has shown. According to the Africa-focused geopolitical research business, the government putting such a large amount into wage payments may result in demand-pull inflation, in which the […]

News Telecommunications

State govts’ fees threaten success of fiber optic expansion — Telecom experts

Stakeholders in the telecommunications industry have stated that the Federal Government’s plan to build 90,000 kilometers of fiber optic cables across the country will face numerous challenges, particularly from state governments, who could jeopardize the project. They argue that until the existing issue of Right of Way charges, multiple taxation, and levies, which are controlled […]

CAC to delete inactive companies in 90 days
News

CAC threaten to delist certificates of revoked BDCs licenses

The Corporate Affairs Commission has declared that it intends to cancel the incorporation certificates of Bureaux De Change whose licences were withdrawn by the Central Bank of Nigeria earlier this year. This was disclosed in a notice on its website on Wednesday, stating that the certificates would be canceled within three months if the affected […]

FG deducts N256.5bn for gas projects in six months
News

FEC endorse procuring 2000 tractors, others to boost food production 

The Federal Executive Council has approved 2,000 tractors, 4,000 disc ploughs, and 1,200 tractor trailers, among other items, for the National Agricultural Mechanization Programme to increase food security in Nigeria. This was disclosed in a statement shared on Wednesday by the Special Adviser on Information and Strategy to the president via his X handle, outlining […]

News

Flutterwave, Dangote Group joins Africa Leaders Business Council  

Fintech powerhouse, Flutterwave and Dangote Group have been chosen as members of the Milken Institute’s Africa Leaders Business Council. The newly formed council includes renowned thought leaders, entrepreneurs, investors, and professionals from a variety of fields, including business, technology, finance, sustainability, and innovation, according to Nairametric. According to the institute release, the council’s goal is […]

News

Nigeria’s regional trade dips to 4th behind SA, Cote d’Ivoire, Egypt

Only three years after implementing the African Continental Free Trade Area agreement, Nigeria has begun to observe a decline in intra-continental trade and performance rankings among nations. The Africa Export-Import Bank which reported this in its Africa Trade Report 2024, headlined, “Climate Implications of the AfCFTA Implementation”, noted that Nigeria’s proportion of total intra-African trade […]

Energy News

APPO urges govt to fulfill obligations to $5bn energy bank

The African Petroleum Producers’ Organisation has asked member countries to meet their financial responsibilities to establish the $5 billion Africa Energy Bank. Last Monday, Nigeria secured the hosting rights for the Africa Energy Bank, which would be based in Abuja, the country’s capital, according to The Punch. To secure the bank’s operationalisation, APPO Secretary-General Dr. […]

Electricity featured

USAID, FG partner to reform Nigeria’s power sector

The US Agency for International Development and Nigeria’s Federal Ministry of Power signed a memorandum of understanding to ensure the country’s commitment to power sector reforms, market transparency, liquidity, and expanding access to affordable power. The Director of USAID/Nigeria Mission, Melissa Jones and the Permanent Secretary of the Federal Ministry of Power, Mahmuda Mamman signed […]

News

Ghana’s inflation drops to 22.8% in June

Ghana’s inflation rate for June 2024 fell to 22.8%, the lowest level since April 2022. In May, Ghana’s inflation fell to 23.1%, and the country’s inflation has been falling since the beginning of 2024. Ghana’s month-to-month inflation rate in June 2024 was 2.9%, down from 3.2% in May. According to the Ghana Statistical Services, the […]