Africa’s largest economy, Nigeria has entered a yuan currency swap agreement with China, the world’s second-largest economy. Under the agreement, Nigeria and China will exchange goods and services in the region of 15 billion yuan.
Most companies know the cost of their talent, but they have no way of quantifying its value. A disconnect between talent and value is a risky business—and regrettably common. Gaining a true understanding of who your top talent is and what your most critical roles are is a challenging task, […]
There seems to be no end in sight on the sale of 9mobile as a Nigerian court has issued an exparte motion to stop the acquisition. It would be recalled that 9mobile was acquired by Teleology Holdings in an acquisition deal that was brokered by Barclays Africa. Justice Binta Nyako […]
The engineering unit of the Nigerian National Petroleum Corporation, NNPC has reported a profit before tax of N3.26 billion for the full year 2017. The result was a downward spiral of about 34% on a year on year basis. The NNPC is Nigeria’s national oil company.
The UK Financial Conduct Authority has warned exchanges about unregulated cryptocurrency futures contracts. The UK FCA said while it does not recognised cryptocurrencies such as Bitcoin as a commodity or security, futures contract on the currency are to be registered and regulated by the FCA. In a message on it […]
Pussyfooting away from a deadly recession, Nigeria’s Central Bank said it will leave the headline interest rate unchanged at 14%. This is divergent given the views of analysts who had thought that the CBN Monetary Policy Committee, MPC would hold rates despite a stronger gross domestic product, GDP, and slower […]
As part of its prisoner transfer agreement and arrangement with Nigeria, the government of the United Kingdom said it will build a 112-bed wing prison in Nigeria. The prison will be an addition to a maximum security prison in Ikoyi Lagos, the country’s financial capital. According to Reuters News, The […]
In the wake of the Land Use Tax increment, one company called Alpha Beta Consulting has come under scrutiny for its involvement in the collection of the tax for the Lago state government. In recent weeks, the Lagos state, the commercial nerve centre of Africa’s largest economy has come under […]
The Nigerian Securities and Exchange Commission, SEC, might be apparently aligning itself with the decision of the International Organisation of Securities Commissions, IOSCO on Bitcoin regulations. The IOSCO is the international body of all financial services regulations. The IOSCO Board, consisting of thirty two of the regulators of the leading […]
For the twelfth month in a row, Africa’s largest economy said its inflation fell to 15.13% in January compared to 15.37% last December. The National Bureau of Statistics said earlier today that food inflation also saw some significant drop. The data showed that food price index showed inflation at 18.92 […]