Africa’s Biggest Company Naspers Adds Nigeria, Turkey to ‘BRIC’

Naspers Ltd. is rewriting the ‘BRIC’ acronym to include Nigeria and Turkey among the world’s best emerging markets as China and Russia lose some luster with Africa’s most valuable company.


OPEC Oil Output Hits Three-Year High In June On Iraq – Reuters Survey

OPEC oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group’s top exporters on market share.


Nigeria 2024 Bond Yield Jumps 40 Bps As Funds Switch To Bills

Nigeria’s 10-year benchmark government bond yield inched up 40 basis points as domestic pension funds switched to short dated papers, traders said on Tuesday.


CBN Tweaks FX Peg Again, Naira Falls

Nigeria’s central bank adjusted its exchange rate peg on Tuesday to 196.95 naira against the dollar from the 196.90 set last week, data on the bank’s website showed.

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Oando Sells 60 Pct Of Downstream Business To Vitol

Nigeria’s Oando has agreed to sell a 60 percent stake in its downstream business to Vitol and Helios Investment Partners for $276 million, the energy company said on Tuesday.

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CBN Extends BVN Registration Deadline

The Central Bank of Nigeria (CBN) has extended the deadline for the bank verification number (BVN) registration to October 31, 2015.

The Nigerian Export Import Bank (NEXIM)

NEXIM Bank Provides N1bn Loan For Entertainment Industry

The Nigerian Export Import Bank said it had provided over N1bn loan to support various projects along the value chains in the creative and entertainment industry.


Devaluation: Financial Experts Predict Slowdown In Economic Activities

Financial experts on Tuesday predicted that a further devaluation of the Naira would slowdown economic activities and deepen a current lull in the nation’s capital market. The experts who kicked against further devaluation of the currency called for urgent diversification of the economy to increase revenue generation.


Foreign Varsities Delisting NIger Delta Students – IYC

President, Ijaw Youth Council Worldwide, Mr. Udengs Eradiri, has raised the alarm over the plight of over 6,000 Niger Delta students on Federal Government’s scholarships in some foreign universities.


Buhari’s Four Weeks In Office Better Than Jonathan’s Five Years – Lai Mohammed

Lai Mohammed, national publicity secretary of the All Progressives Congress (APC), believes that the performance of President Muhammadu Buhari in tackling insecurity outweighs that of former President Goodluck Jonathan throughout his five years in office.


I Won’t Delay Confirmation Of Buhari’s Ministerial Nominees – Saraki

Senate President, Bukola Saraki, on Tuesday, assured Nigerians that the Upper Chamber, will not delay the confirmation of ministerial nominees once the list has been forwarded to his office by President Muhammadu Buhari.


Terrorism Trial: Court Grants Ndume Permission To Travel

A Federal High Court in Abuja where Senate Leader Ali Ndume is being prosecuted for terrorism charges has granted him permission to travel for lesser Hajj.


Jega Bows Out As INEC Chairman, Wali Steps In

Attahiru Jega has handed over the chairmanship of the Independent National Electoral Commission (INEC) to Mohammed Wali, a national commissioner of the electoral body from the north-west.


Facebook Opens First Africa Office In Johannesburg

Facebook announced Monday it had opened its first African office in Johannesburg as part of its efforts “to help people and businesses connect” on the continent.


CBN Says Account Holders Can Access Cash As BVN Deadline Ends Today

Contrary to the claims by Deposit Money Banks (DMB) that there would be total restriction on accounts without Bank Verification Number (BVN), after the deadline today, the Central Bank of Nigeria (CBN) has clarified that account holders can still have access to cash transactions while the e-banking transactions would be restricted.