nigeria business news today 27012018

Ezinne Uko (Nigeria) and Peter Wachira (Kenya) have been selected as the two winners of the $200,000 Kwesé Inc #GoGettaz entrepreneurship competition held today at Strathmore University in Nairobi, Kenya. Both walk away with a $100 000 USD investment, a similar amount in credit facility from...

Central Bank of Nigeria (CBN) yesterday said that it would render support to Nigerians investing in cryptocurrency, describing such investment has gambling. The Governor of the CBN, Mr. Godwin Emefiele stated this in Abuja during an interview with Bloomberg. Emefiele Emefiele’s warning is coming...

The recent new highs reached by Nigeria’s stock market is making advisers to the proposed MTN Nigeria listing to review their valuations ahead of the expected pricing of the shares.  The Nigerian stock market rose by 42 percent last year and it has achieved about via BusinessDay –...

The bears remained in control of the stock market leading to the fourth consecutive day of losses Thursday. The pressure from the bears pulled the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell further down by 0.99 per cent yesterday to close at 43,529.06. However, 21 stocks escaped...

For the first time since 2014, global oil price hit an unprecedented high of $71 as US inventories also declined amid on-going supply cutbacks by Organisation of the Petroleum Exporting Countries (OPEC) and Non OPEC members led by Russia. Brent crude futures, the international benchmark for...

One of Nigeria’s leading airlines, Air Peace has announced a new date for the launch of its flights from Lagos to Freetown in Sierra Leone, Banjul in The Gambia and Dakar in Senegal. The airline said it would now connect the three West Coast destinations on February 19. via Thisdaylive –...

Nigeria’s Dangote group will take a giant step towards attaining annual revenues of thirty billion dollars when its gigantic fertilizer plant begins production in June at the Lekki industrial area of Lagos. The plant will create thousands of jobs for Nigerians and end a costly regime via...

MainOne has announced it has won a 15-year contract with the West and Central African Research and Education Network (WACREN) to provide high-speed bandwidth services. WACREN is the regional research and education network (REN) that facilitates interconnections between national RENs in West and...

Director-General, Debt Management Office The Federal Government (through the Debt Management Office DMO) may be considering a $2.5 billion Eurobond in the first quarter of this year. Director-General of the DMO, Patience Oniha disclosed this in an interview with Bloomberg. This is dependent on...