Thursday, June 18, 2026
NAFEX watch forces MSCI to delay Nigeria’s index reclassification
The Central Bank of Nigeria’s (CBN) introduction of the investors/exporters FX window popularly referred to as NAFEX and the consistent...
Read moreDetailsAtlas Mara raising $200m to increase Union Bank stake
Atlas Mara Ltd., the company co-founded by former Barclays Plc head Bob Diamond, plans to sell a 35 percent stake to...
Read moreDetailsDebt saga: NCC assures Etisalat subscribers of network integrity
The Nigerian Telecommunications Commission (NCC) says it is taking proactive steps to cushion the impact of the takeover of Etisalat...
Read moreDetailsEtisalat debt saga: GTB owed $138m, Access $131m, Fidelity $56m, Stanbic $24m
A consortium of banks finally pulled the plug Tuesday on Etisalat Nigeria Limited, Nigeria’s fourth biggest mobile phone company, following...
Read moreDetailsBreakeven for Nigeria’s electricity companies long way off four years after privatisation
Babatunde Fashola, Minister of works, power and housing inspects a power project in Ondo state Change in ownership of Nigeria’s...
Read moreDetailsShell Nigeria makes final investment decision on gas project in Niger Delta
L-R: Osagie Okunbor, Managing Director, SPDC Ng., Â Muhammad Barkindo, Sec. Gen.OPEC and Ibe Kachikwu, Minister of State Petroleum at a...
Read moreDetailsNigerian stocks risk downgrade on naira value as MSCI reclassifies markets
The value of Nigeria’s local currency, the naira, could be a strong factor in Morgan Stanley Capital International’s (MSCI’s) index...
Read moreDetailsUpdate: Etisalat Nigeria moves to effect name change, restructuring of shareholding as debt talks fail
Etisalat Nigeria has commenced changes to its shareholding structure after talks to restructure a $1.2 billion loan failed, the company...
Read moreDetailsEtisalat to lose 45 percent stake as loan restructuring talks fail
Etisalat has been instructed to transfer its 45 percent stake in Etisalat Nigeria to a loan trustee after debt restructuring...
Read moreDetailsNigeria’s bad bank receivables rise 80% as obligors default
Nigeria’s bad bank, the Asset Management Corporation of Nigeria (AMCON), is currently facing recovery challenges from about 305 account obligors...
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Economic carnage of misusing ex parte orders in Nigerian courts