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Lagos, Nigeria
Friday, February 22, 2019

OLX shuts down Nigeria offices

There are indications that OLX, an online marketplace owned by Naspers, has shut down its offices in Nigeria, a move that will affect over...

Britain to add naira to list of accepted trade currencies

The naira will become one of three West African currencies that UK Export Finance has pre-approved for its programme of funding transactions that promote...

Investors lose N220bn in one day at Nigerian stock market

Investors in Nigeria’s stock market lost a total of N220 billion on Monday due to the losses recorded by 22 firms listed on the...

Worst over for Nigeria, SA economies

The worst may be over for Africa’s two largest economies as they likely emerged from a slump in the second quarter. Official data on Tuesday...

Active mobile lines in Nigeria hit 149m in March

The Nigerian Communications Commission (NCC) says active mobile phone lines in the country rose from the 148 million in February to 149 million in...

NNPC, Chevron finalize $1.7bn deal

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...

Synergos offers platform for diversity into agribusiness

A non-profit organisation Synergos Institute is partnering the National Orientation Agency (NOA) in Nigeria to organise a summit on 14 November to set the...

Bitcoin slides amid rollercoaster ride

The price of digital currency Bitcoin has fallen sharply in a period of wild trading since it passed the $11,000 mark a day ago. Bitcoin...

Central Bank weakens naira to 307 per dollar

Nigeria’s Central Bank on Monday weakened the naira marginally, selling dollars at N307 each for the first time on the official interbank market, in...

Nigerian Stock Exchange to be publicly listed

The Nigerian Stock Exchange (NSE) expects a bill that will allow it to be publicly listed will be signed into law this year, its...

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Boko Haram fighters surrender, claims Nigeria

The Nigerian Army on Saturday said 1,050 Boko Haram insurgents had surrendered to troops in Lake Chad and Monguno general area of operations, as...

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