Bitcoins outperforms Nigerian Stocks by 60% in first quarter of 2023
Key highlights Bitcoin outperformed Nigeria’s equity market in Q1 2023, with a 67% YTD return and a market value of $549 billion, leading to renewed interest in the digital currency…
Deep Dive: The European Union’s Cryptocurrency Kill Switch and Why it Matters
Key Highlights The European Union has updated the Data Act with refined rules regarding crypto, including the requirement for smart contract creators to add a “kill switch” as an added…
Nigeria’s 18% MPR is highest among BRICS, N-11 countries
Key Highlights 18% interest rate is the highest among BRICS and N-11 High-interest rate makes the cost of borrowing high for Nigerian firms to compete favorably with peers N-11 countries…
Dangote Cement to pay about N340billion dividend on Friday, April 14th
Management of the pan-African cement manufacturer, Dangote Cement Plc has revealed that once the shareholders at the AGM slated for April 13, 2023, approve the proposal, the shareholders whose names…
NMDPRA issues 6 new regulations, sets March 31 deadline for permits
Key highlights The NMDPRA has issued new guidelines for stakeholders in the oil and gas industry. The guidelines were drafted in line with the provisions of the Petroleum Industry Act…
Accenture lays off 19,000 jobs worldwide in a bid to streamline operations
Key highlights Accenture cuts 19,000 jobs worldwide The company took this action to streamline its operations and transform non-billable corporate functions to reduce costs. Accenture’s competitors in the consulting industry…
Nigerian telco industry struggles to attract foreign capital for 4G and 5G infrastructure deployment
Key highlights Stakeholders in Nigeria’s telecom are worried that the declining foreign investments in the industry may affect the country’s broadband plan. A major factor identified as discouraging investments is…
Insurance: Nigerians made claims of N318.2 billion in Q4 2022
Key highlights: Claims represented a 31.2 per cent Quarter-on-Quarter growth from the previous quarter. They attributed the growth to rising awareness, market expansion and consumer confidence. NAICOm said six companies…
FG says Nigeria Air to commence operations before May 29th
Key highlights: Nigerian Air will commence operations before May 29th. FG said it is taking necessary measures to overcome the hurdles (lingering court case) introduced by the indigenous airlines that…
FG, Lagos move to ease traffic on Kara, Berger-OPIC axis of Lagos-Ibadan express
Key Highlights Lagos State Government is collaborating with the Federal Government to ease traffic on Kara, Berger OPIC axis along the Lagos-Ibadan express. Due to the construction works, the federal…