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Investment ready companies must have these fundamentals in place to attract investors

Short selling

As investors gear up to tap from opportunities in Nigeria through investments in the country’s estimated 41.5 million start-ups, small and medium scale companies in need of growth capital have to be investment-ready to attract funding, according to industry stakeholders. Discussing one of the most important aspects of business for most entrepreneurs in Nigeria and […] Read Full Story

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Nigeria’s weak relationship with Spain needs to be strengthened for trade – Seriki

ADEMOLA SERIKI is a four-time Nigerian Minister, Board Chairman of the Corporate Affairs Commission and currently Nigeria’s Ambassador to Spain. In this interview with BusinessDay’s ENDURANCE OKAFOR, he shares insight on how he plans to strengthen trade between Nigeria and Spain while also activating outstanding agreements between both countries. Excerpts: What is your take on […] Read Full Story

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Commercial paper tops financing options as four firms raise N27.41bn in two months

To sustain their businesses and plug capital shortfalls, corporate institutions have continued to explore alternative financing options by tapping the Nigerian debt capital market. Valency Agro Nigeria Limited, Total Nigeria, Coronation Merchant Bank and Mixta Real Estate plc are the four companies that have raised funds this year through commercial paper (CP). The companies raised […] Read Full Story

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Diaspora Nigerians face same challenges discouraging other investors – NIPC boss

Yewande Sadiku

The needs of Nigerians in diaspora who are interested in investing in Africa’s largest economy are consistent with the concerns that investors generally have, Yewande Sadiku, executive secretary/CEO, Nigerian Investment Promotion Commission (NIPC), said on Thursday. “The same things that Nigerians in diaspora need to better invest in Nigeria are the things that investors generally […] Read Full Story

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Politics

ElectHER launches Agender35 campaign to back 35 women for political office in 2023

ElectHER- a non-partisan organization focused on getting women into elective office, has unveiled its Agender35 campaign, a deliberate effort to de-risk the process of women running for elective office and increase women’s political representation in Nigeria by 2023. Through its three-point agenda, ElectHER plans to leverage its $10 million Fund to empower 1000 Nigerian women, […] Read Full Story

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How CBN’s N736bn COVID-19 interventions paved way for Nigeria to exit recession

cbn

Aggressive interventions by the Central Bank of Nigeria (CBN) to offset the negative repercussions of the COVID-19 pandemic played a significant role in Nigeria’s unexpected exit from recession as growth beat global forecast, according to BusinessDay findings. Between 2020 and February 2021, the CBN disbursed an estimated N736.67 billion intervention fund to over 3.8 million […] Read Full Story

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Ahead of NAICOM recapitalization, Tangerine Life completes acquisition of ARM Life

insurance

Tangerine Life Insurance Limited, previously known as Metropolitan Life Insurance Nigeria Limited, has concluded its acquisition of ARM Life PLC. Verod Capital, one of the leading private equity firms investing in growth companies across Anglophone West Africa is the mother company of Tangerine. The Nigeria- based investment firm acquired Tangerine from a South African company, […] Read Full Story

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Mastercard partners MTN to empower millions of African consumers through digital financial inclusion

Mastercard

Through a Mastercard virtual payment solution linked to MTN Momo ( Mobile Money) wallets, consumers and merchants can engage with brands and businesses abroad through digital commerce, extending their reach to an international marketplace and unlocking a host of opportunities. Across Sub-saharan Africa, mobile devices are the primary channel used to connect to the internet. […] Read Full Story

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News

Crypto-trading may go the way of multiple exchange rates – analysts

Crypto rate

Like Nigeria’s multiple exchange rates which the Central Bank of Nigeria (CBN) has battled to converge in the last five years, crypto-trading in Africa’s largest economy may ride on the CBN’s policy banning financial institutions from transactions involving crypto exchanges, to boost informal trade. As more cryptocurrency traders in Nigeria find ways to navigate the […] Read Full Story