Major world economies and more than 30 African country representatives will converge on Abuja on Nov. 2 and Nov. 3 for Trade and Investment Facilitation Partnership Forum, says Ministry of Industry, Trade and Investment. The Minister of Industry, Trade and Investment, Mr Okechukwu Enelamah, announced this at a news conference in Abuja.

International Breweries recorded the highest gain on the Nigerian Stock Exchange (NSE) following investors’ reactions to the merger approval with Intafact Beverages, and Pabod Breweries Limited.The reports show that the company led the gainers’ table with a gain of N4.49 to close at N51.01 per share. Mr Ambrose Omordion, the Chief Operating Officer, InvestData Limited, attributed the development to investors’ reaction to the shareholder's approval to the merger between the three companies.

Cryptocurrency Bitcoin jumped to an all-time high above $6,300 on Tuesday, after the world’s largest futures market operator CME Group said it would launch a regulated trading venue for cryptocurrencies in the fourth quarter of 2017, Reuters reports. The new futures contracts will be settled in cash, based on the CME ‘CF Bitcoin Reference Rate’, a once-a-day reference rate of the U.S. dollar price of bitcoin, the company said.

Nigeria and United States’ legislators and executives, industry experts among others would be meeting next month at the 2017 U.S-Nigeria Legislative and Executive Leadership Forum to discuss issues affecting Nigeria’s political and economic development. The Zamfara State Governor, northern Nigeria, Abdul-Aziz Yari and Senator Anthony Muse of Maryland, United States, are among the keynote speakers at the event scheduled to hold from November 15 – 18, in Washington DC, USA.

Economic growth is expected to rise to 3.4 percent in sub-Saharan Africa in 2018 from 2.6 percent in 2017. The International Monetary Fund (IMF) said this in a report on Monday and they further warned that the rising debt and political risks in larger economies would weigh down future growth.

The International Monetary Fund (IMF) has projected that the Nigerian economy will expand faster than South Africa in 2017. The Division Chief, Research Department, IMF, Oya Calesun, gave the forecast while briefing the media on the World Economic Outlook (WEO) released on Tuesday at the IMF/World Bank annual meetings in Washington D. C.

The management of Unity Bank says it has appointed Aminu Babangida, son of Ibrahim Babangida, former military head of state, as chairman of the bank. In a notice posted on the Nigerian Stock Exchange website on Thursday, the bank said his appointment had been approved by the Central Bank of Nigeria (CBN).

Aliko Dangote

Dangote Cement Plc, Africa’s largest cement producer, at the weekend has withdrawn its interest in to acquire the share capital of PPC Limited-a South African leading cement firm. In a regulatory filing at the weekend, Dangote Cement board of directors stated that it has notified PPC board of directors that it no longer has an interest in acquiring the South African firm’s share capital.

The new 650,000 barrels per day refinery being built by Aliko Dangote, Africa's richest man in Nigeria is expected to come onstream by the end of 2019, Nigeria's Minister of State for Petroleum Resources Emmanuel Ibe Kachikwu said on Tuesday. Nigeria's state oil firm NNPC last year launched bidding to find partners to overhaul its ailing refineries, which hardly produce any petrol due to decades of mismanagement and widespread graft.

The Pension Transitional Arrangement Directorate (PTAD) has so far recovered N16 billion of legacy pension funds and assets in the last one year. This was affirmed by Mrs Sharon Ikeazor, the Executive Secretary who made the disclosure at the 2017 stakeholders’ forum of pensioners in Abuja.