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Standard Chartered To Replace China Loans For Rail Projects In Nigeria

Nigeria’s government is in talks with Standard Chartered Plc about arranging funding for two rail projects expected to cost as much as $14.4 billion, replacing earlier plans to source the loans from Chinese banks, Transport Minister Rotimi Amaechi said. President Muhammadu Buhari’s administration and the London-based lender are discussing financing …

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Chaka Becomes The First Startup To Receive SEC License For Stock Trading In Nigeria

Chaka becomes the first startup to receive SEC license for digital stock trading in Nigeria After months of uncertainty regarding regulations, Chaka has received a license from Nigeria’s Securities and Exchange Commission (SEC) to operate its digital platform for buying and selling stocks. Chaka becomes the first to acquire the digital …

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NNPC, EFCC, DSS, Others Partner To Go After Oil Thieves, Smugglers

The Nigerian National Petroleum Corporation (NNPC) is partnering the Economic and Financial Crimes Commission (EFCC), and relevant agencies to curtail petroleum products smuggling and crude oil theft. Others are Department of State Services (DSS), Nigeria Police Force (NPF), Nigeria Customs Service (NCS), Nigeria Security and Civil Defence Corps (NSCDC). A stakeholders’ …

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