Google rolls out free Wi-Fi access in Nigeria

Technology Company Google is aiming to provide high-speed wi-fi hotspots in Nigeria through its Google Station in a bid to provide internet access across the country. With an initial launch in Lagos, Google plans to reach 200 locations across 5 cities by the end of 2019. CNBC Africa caught up with Google’s Nigeria country manager […]

Investec banks on mobile in Africa

INVESTEC Asset Management’s Africa-focused private equity fund has acquired a significant minority shareholding in technology services firm wiGroup for an undisclosed sum. The plan is to help the firm grow and sell more software to corporate clients and mobile money issuers in Africa. wiGroup delivers solutions that enable corporates to accept mobile transactions. It helps […]

The Nigeria-UK Capital Markets Project

The Nigeria-UK Capital Markets Project Tuesday launched its inaugural report on the state of the Nigerian capital markets, stressing the need to boost the integrity of the markets, improve information disclosure, reduce potential for manipulation, promote transparency and good governance and generally improve standards and investor confidence. This came as the Lagos State Governor, Akinwunmi […]

Nigeria’s market capitalisation up by N72bn

Transactions at the Nigerian Stock Exchange (NSE) on Tuesday remained upbeat with investors net worth appreciating by 0.70 percent. The News Agency of Nigeria reports that the All-Share Index rose by 211.03 points or 0.70 percent to close at 30,458.86 against 30,247.83 posted on Monday. Similarly, the market capitalisation, which opened at N10.367 trillion, appreciated […]

Dangote Cement Nigeria Reports Profit Jump on African Growth

Dangote Cement Plc, Africa’s biggest producer of the building material, said first-half profit rose 28 percent as the benefits of expansion helped make up for “uncertainties” in its home market of Nigeria. Net income was 121.8 billion naira ($614 million) in the six months through June, compared with 95.4 billion naira in the same period […]

12 countries to agree joint West African stock exchange

By the end of 2016, West Africa should have a new virtual stock exchange integrating no fewer than 12 countries into one joined-up market place with one single order book for the whole region. The participants in this West African Securities Market, or WASM, are Nigeria, Ghana, Sierra Leone, Cape Verde and the eight francophone […]

FCMB lists N26bn bond on FMDQ

First City Monument Bank Limited on Monday listed its N26bn series 1, seven-year 14.25 per cent fixed rate unsecured bond on the FMDQ OTC Plc. The bond, which is due in the year 2021, is under a N100bn debt issuance programme with FCMB Capital Markets Limited, the investment banking subsidiary of FCMB Group Plc, as […]

Vetiva Fund Managers further deepens ETF Market

Following the final approval from the Se­curities and Exchange Commission(SEC), Vetiva Fund Managers Limited is to list three Exchange Trad­ed Funds(ETFs) anchored on the NSE Banking In­dex, NSE Consumer Goods Index and NSE Industrial Index. A statement from the company lists the three ETFs as Vetiva Banking Exchange Traded Fund (VB ETF), Vetiva Con­sumer Goods Exchange […]