Monday, July 06, 2020
Central Bank of Nigeria (CBN) may have taken an extra step towards unifying its multiple exchange rates eventually by devaluing the naira at one of its currency intervention sales Friday, but investor’s confidence remains abysmal…Read more.
Implementing a cap on estimated billing when about 60 percent of customers have no meters and ordering a tariff increase when their books are filled with debts are some of the major concerns underlying DisCos’ request to postpone the tariffs to next year…Read more.
The multi billion naira Okpai Power Plant is yet to realise its full potentials even after upgrading its capacity from 480 megawatts (mw) to 1000mw. But the effect of this upgrade is yet to be felt by Nigerians that are daily yearnings for improvement in electricity supply…Read more.
With almost 24 per cent losses recorded at the stock market in the last three years, exacerbated by the current COVID-19 crises; there has been no respite for investors. But more worrisome is that in the near term…Read more.
The Nigerian Insurers Association (NIA), said it generated about N196 million from data upload on the Nigerian Insurance Industry Database (NIID) in the 2019 business operation. NIID is a platform where policyholders can verify the genuineness of their policies sold by insurance …Read more.
The Nigerian Insurers Association (NIA), said it generated about N196 million from data upload on the Nigerian Insurance Industry Database (NIID) in the 2019 business operation….Read more.
The Federal Government has carried out some changes in the top management of the Nigerian National Petroleum Corporation. It made new appointments and redeployments at the corporation and confirmed Friday’s exclusive report …Read more.
The total domestic debts for the 36 states of federation and the Federal Capital Territory stood at N4.1tn as of the end of March, 2020, the Debt Management Office has disclosed. According to the DMO, Lagos led with a debt profile of N444.22bn followed by Rivers….Read more.
There has been a significant increase in the airfares as airlines prepare to resume operations Wednesday.The Federal Government had directed the resumption of domestic flights on July 8th after the March 30th lockdown of the airlines….Read more.
The embattled former management of the Nigeria Social Insurance Trust Fund has said all training, contracts and rehabilitation it carried out received the approvals of the Federal Ministry of Labour and Employment and the National Assembly….Read more.
GBfoods, a culinary product manufacturing, in partnership with the Central Bank of Nigeria (CBN), Kebbi State Government and the Emirate of Yauri, recently built a N20 billion Tomato processing factory, in Kebbi State….Read more.
The Cluster Head in Sub-saharan Africa (SSA), Citibank, Mr. Akin Dawodu has advised the federal government to initiate reforms that would increase foreign direct investments (FDIs) in Nigeria in order to avert perennial economic volatility….Read more.
The Acting Director, Organisation for Economic Co-operation and Development, (OECD) Public Governance Directorate, János Bertók, has revealed that illicit trade accounts for three per cent of global trade…Read more.
Barring unforeseen circumstances, there are strong indications that Association of Securities Dealing Houses of Nigeria (ASHON) has stepped up an arrangement to ensure that its members trade on all the …Read more
Egwuatu Business owners and organisations in Nigeria have been advised to leverage on the opportunities provided by digital technology to boost productivity, service delivery and overall performance of their organisations despite the challenges…Read more.