Industrial Sector

Stripe Acquires Nigeria’s Paystack for $200 million

American financial services giant Stripe has acquired Nigerian fintech startup Paystack to expand into the fast-growing online market in Africa, the companies said on Thursday. The acquisition, reportedly worth $200 million, further deepens the growing interests of fintech giants in the ever-expanding online commerce sector of Nigeria and Africa at …

Read More »

Non-oil exporters seek force majeure on AfCFTA as incentives stall

The Manufacturers Association of Nigeria Export Promotion Group (MANEG), has urged economic managers to declare force majeure on the African Continental Free Trade Agreement… The post Non-oil exporters seek force majeure on AfCFTA as incentives stall appeared first on The Guardian Nigeria News – Nigeria and World News. Read More

Read More »

Nigeria’s GDP To Contract By 4.3 percent – IMF

The International Monetary Fund (IMF) has predicted that Nigeria’s Gross Domestic Product (GDP) will contract by 4.3 per cent, which indicates an improvement compared with a negative GDP projection of 5.4 per cent it had predicted in its previous report in June. This is coming as the federal government has …

Read More »

LCCI, SMEDAN advocate financial discipline for SMEs’ survival

The Lagos Chamber of Commerce and Industry (LCCI), and Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), have urged entrepreneurs to be financially-disciplined… The post LCCI, SMEDAN advocate financial discipline for SMEs’ survival appeared first on The Guardian Nigeria News – Nigeria and World News. Read More

Read More »

Expertise centre for dairy development to build Nigeria’s local capacity

Dutch dairy company, FrieslandCampina WAMCO Nigeria PLC, in partnership with key stakeholders has concluded plans to unveil Nigeria’s first expertise Centre for dairy development. The post Expertise centre for dairy development to build Nigeria’s local capacity appeared first on The Guardian Nigeria News – Nigeria and World News. Read More

Read More »

Odu’a Investment Company Declares ₦890 million PBT

The Chairman Odu’a Investment Company Limited Board, Dr. Segun Aina, has said the conglomerate made profit before tax of N890 million for the 2019 financial year. He made the disclosure at the company’s corporate headquarters, Cocoa House building, in Ibadan, the Oyo State capital, while addressing the company’s shareholders during …

Read More »

NSE ASI Drops 0.95 percent as 12-day Price Rally Halts

The rally at the stock market was halted yesterday after 12 days as investors moved in to lock in profit accumulated during the bull run. As a result, the Nigerian Stock Exchange (NSE) All-Share Index (ASI) fell 0.95 per cent to close at 28,634.35, while market capitalisation shed N143.7 billion …

Read More »