The Nigerian Stock Exchange has said that it will focus on efforts aimed at increasing global visibility for the nation’s capital market.
Updated 5 Years ago

The crisis in Ukraine has highlighted the fragility of the European Union's energy security. Currently, the 28-country group imports around 30 perent of its gas from Russia – a level that has added urgency to the search for alternative sources of energy. José Manuel Barroso, President of the European Commission, sought to reinforce the importance of Europe's energy independence earlier this month.
Updated 5 Years ago

Following the boom in online and e-commerce transactions in Nigeria, the sector is attracting a significant foreign investments as two of the leading players in the sector, Jumia and Konga received $50 million (N8.25 billion) investments in the last one year.
Updated 5 Years ago

Consumer prices in Japan increased by 1.3% in February compared with the same period last year, marking the ninth month in a row of gains. The figure met analysts' expectations, but is still well below Prime Minister Shinzo Abe's inflation target of 2%.
Updated 5 Years ago

Leading cement manufacturing firm, Dangote Cement Plc, Wednesday unveiled a record financial performance for the year ended December 31, 2013. The company reported a revenue of N386.2 billion, up 29.4 per cent from N298 billion in 2012. Profit before tax stood at N191 billion compared with 135 billion, while profit after tax rose to N201 billion due to a tax credit of N10 billion.
Updated 5 Years ago

Sterling Bank Plc yesterday reported a net profit of N9.3 billion for the year ended December 31, 2013, showing an increase of 24 per cent compared with N7.5 billion reported in the 2012.
Updated 5 Years ago

The International Monetary Fund has agreed to grant Ukraine between $14 billion and $18 billion to help the country avoid a default. The package includes a 50 percent rise in the cost of energy to Ukrainian homes. The IMF promised to grant Kiev the lifeline over the next two years, after finishing its mission in Ukraine on Wednesday. Overall support from the broader international community will stand at $27 billion over the period, the IMF statement said.
Updated 5 Years ago

MTN Group Ltd., Bharti Airtel Ltd. And Orange SA are planning to sell mobile tower networks in Africa, the latest examples of telecom operators looking to reduce exposure to costly infrastructure in the region, according to people familiar with the matter.
Updated 5 Years ago

Russian President Vladimir Putin says Russia should create its own national card payment system, following the example of China and Japan. They diversified away from global monopolies like Visa and MasterCard and launched their own systems years ago. "These systems work in countries like Japan and China, and they work very well. At first they worked nationally, circulating in their own market in their own territory, for their citizens, and now they are becoming very popular," Putin told the upper house of parliament on Thursday.
Updated 5 Years ago

Poor risk identification is a major cause of failure and stunting of small and medium scale enterprises (SMEs) in Nigeria, experts have said.
Updated 5 Years ago