| Thursday, February 27, 2020 |
2019 debt servicing gulped N2.1tn — Investigation
The Federal Government spent a total sum of N2.1tn to service the country’s debt obligations to local and foreign debtors between January and December 2019, statistics obtained from the Accountant-General of the Federation have revealed….read more.
Dangote Cement reports N201bn profit after tax
Dangote Cement Plc has posted a profit after tax of N200.521bn for the financial year ended December 31, 2019 as against a profit of N390.325bn posted in 2018, representing a drop of 48.63 per cent…..read more.
2.55% GDP growth below population surge, says MAN
The Manufacturers Association of Nigeria has said there is not much to cheer about the recently released Nigeria’s economic growth which rose to 2.55 percent in the fourth quarter of 2019, according to a report by the National Bureau of Statistics….read more.
Reps lament charges on accounts, probe banks
The House of Representatives has resolved to investigate the illegal and excessive charges imposed on account holders by Deposit Money Banks….read more.
CSL stockbrokers appointed as new stockbroker to the Federal Government
CSL Stockbrokers Limited, a subsidiary of FCMB Group Plc, has emerged as the new stockbroker to the Federal Government of Nigeria. The appointment of the firm, as announced by the Debt Management Office (DMO) on February 18, 2020, followed an open competitive bidding process in which other Stockbrokers participated…..read more
‘Nigerian economy remains fragile due to slow growth’
Despite gross domestic product (GDP) growth of 2.27 percent as at 2019 end, the Nigerian economy remains very fragile due to a combination of slow growth and vulnerability to changes in external conditions, especially oil price fluctuations….read more.
Digital banking, key to realising financial inclusion targets
As digital innovation positions as the future of payments, opportunities abound for organisations and financial institutions to solve some of the world’s biggest challenges and enhance large-scale productivity…..read more.