IN THE NEWS

Daily Watch – Finance Bill goes closer, Shekarau criticises Buhari over service chiefs

Access Bank is in talks to acquire some assets belonging to Atlas Mara Limited, a financial services group, in order to expand its reach on the continent. Bloomberg reports that Access Bank is interested in Atlas Mara’s businesses in Botswana, Zimbabwe and Zambia, however, the report said deliberations are still at preliminary stages and no final decision has been made. If successful, it will mark the second transaction between Atlas Mara and Access Bank after agreeing to buy its Mozambique unit in September 2020. The deal will also leave Atlas Mara with its largest investment, a 49.97 percent stake in Union Bank of Nigeria. Zambia was listed among Atlas Mara’s discontinued operations in its first-half (H1) 2020 earnings report. “Our operations in Mozambique, Tanzania, Zambia and Rwanda still remain classified as discontinued operations as the Group is still committed to implementing the strategic decision to dispose of these subsidiaries and continues to actively evaluate several options with the objective of completing a strategic transaction in 2020,” Atlas Mara’s H1 2020 interim report read. Atlas Mara, which has lost 96 percent of its value since listing on London Stock Exchange in 2013, is exiting markets or seeking partners in countries where ...
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NEWS

Daily Watch – 700 NNPC staff to go, Iran to enter the market with a bang

A new round of lay-offs could axe at least 700 ...
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Daily watch – More audits for NNPC, Edo gets help on rubber

The Nigerian National Petroleum Corporation is set to carry out ...
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Daily Watch – Investors get cold feet over power, Petrol price weighs on inflation

Investors are getting cold feet in their acquisition of seven ...
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Daily Watch – TSA can increase government revenues by 20%, Ford Ranger to be assembled in Nigeria

According to analysts, the directive of President Buhari to compel ...
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Daily Watch – IHS gets more Etisalat towers, Mortgage company to raise more capital

Etisalat Nigeria has completed the transfer of 555 telecom towers ...
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Daily Watch – Government monies centralised, Allocations jump 32%

All Federal Government Ministries, Department and Agencies have been mandated ...
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Daily Watch – Sukuk recommended for Nigeria, Afren investors may lose investments

Standard and Poors, the ratings agency, is recommending that Sukuk ...
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Daily Watch – Concerns over health of banks, Azura Thermal Plant gets green light

There is growing concern over the rise in banks' non-performing ...
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Daily Watch – NNPC gets new boss, Medview goes to London

President Muhammadu Buhari has approved the appointment of Dr. Emmanuel ...
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Daily Watch – Buhari asks Planning Commission to prioritise capital expenditure, Modular building arrives Nigeria

The Presidency has announced that President Muhammadu Buhari aims to ...
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Daily Watch – Import waivers causing harm, Cement production to ramp up

Some of the tax incentives offered to encourage Foreign Direct ...
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Daily watch – Eni looking to leave Nigeria, Dangote gets American training

Eni SpA, Italy’s largest oil company is considering selling part ...
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Daily watch – Refineries coming back online, Reps to force multinationals to list on Exchange

The Port Harcourt and Warri refineries have started preliminary production ...
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Daily Watch – Customs moves against rice importers as CBN makes cash available to farmers

The Nigeria Customs Service has sealed the warehouses and business ...
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Daily Watch – Foreign debt rises, Insurance industry grows

Nigeria's foreign debt for half-year 2015 has risen by 10%, ...
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Daily Watch – State loans to be restructured, Gold refinery coming up

The Central Bank of Nigeria (CBN) has approved a restructuring ...
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Daily Watch

US$2.67 billion of fresh capital flowed into Nigeria's economy in ...
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Manufacturers in the Food, Beverage, and Tobacco industry are warning ...
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Telecom companies operating in Nigeria are seeing an upsurge in ...
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Global ratings firm Standard & Poor's has said Nigeria cannot ...
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A deal was reached between negotiators representing six world powers, ...
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President Muhammadu Buhari on Monday, instructed the NNPC to review ...
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The Department of Petroleum Resources has blamed the unending scarcity ...
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Daily Watch

The naira fell to a new low of 235 to ...
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