Guinness debunks Nigeria exit speculations
Guinness Nigeria Plc has debunked insinuations that it is exiting the Nigerian market following the sale of the majority shareholding by Diageo, a British multinational alcoholic beverage company. In a…
Foreign portfolio investors rush back to Nigeria, as market share rises to 28-month high
The Central Bank of Nigeria (CBN) monetary policies may have whetted the appetite of Foreign Portfolio Investors, FPIs, as fresh inflows amounting to N120.8 billion came into the market in…
Binance to leave Nigerian market, ends services in local currency
Cryptocurrency giant, Binance will discontinue all services for Nigeria’s fiat currency, the naira, amid an ongoing regulatory conflict in the country. The crypto exchange will automatically convert naira balances to…
Stakeholders lament as Lagos cracks down on environmental offences at markets
Industry watchers have described the closure of Alaba International Market as a wake-up call for other markets and public places in Lagos state to ensure that they adhere to proper…
Sanwo-Olu orders demolition of three major markets in Lagos Island
Governor Babajide Sanwo-Olu of Lagos State, has announced plans to demolish Jankara, Bombata and Pelewura markets so as to allow for urban regeneration of the area. Sanwo-Olu made this known…
Lagos takes action against poor sanitation in Tejuosho, other markets
The Lagos Waste Management Authority (LAWMA) has taken action to address the issue of poor sanitation in Tejuosho Market, Yaba in Lagos state. Several plazas around the market have been…
Regulators crack down on First Bank, Access, GTB, Fidelity, others for violations
The Securities and Exchange Commission (SEC) has fined not less than eight banks and 18 other listed companies a total of N125 million for failing to file their financial statements…