The National Bureau of Statistics made available Nigeria’s debt profile for the first half of 2017. According to the recently released report, Nigeria’s foreign debt hit $15.5 billion as at 30th June 2017, reflective of 25.5% rise compared to the end of 2016.
FBN Merchant Bank Limited and Lotus Financial Services Limited have been appointed as Joint Financial Advisers to the Debt Management Office (DMO) of the Federal Government of Nigeria on the inaugural FGN N100 billion Sukuk offer.
Microsoft, through its 4Afrika Initiative, has collaborated with the Tony Elumelu Foundation (TEF) to provide entrepreneurs in the TEF Entrepreneurship Programme with technology-based tools, resources and mentorship. Through this support – which will benefit TEF entrepreneurs across the continent – the two organisations will help entrepreneurs effectively use ICT to modernise their businesses, enrich their offerings and reach new customers.
Nigerian Stock Market retracted after five months of positive stance as the key benchmark indicator, NSEASI, closed the month of August 2017 in the red zone with -0.96% loss as against +8.24% uptrend recorded in the month of July 2017
Professor Mike Aitken AM, CEO of the Capital Markets Cooperative Research Centre (CMCRC) and Australian Innovator of the Year, described a new trading and settlement technology as “better than blockchain” at an Innovation Summit in Sydney this week.