Thursday, September 03, 2020
Nigeria needs deliberate policies that will eliminate poverty, grow consumer income and spending to rejuvenate its ailing retail industry, and as well boost jobs. After the US and Vietnamese negotiators signed a sweeping….read more.
The Central Bank of Nigeria (CBN) will not shift grounds on its decision to escrow the bank accounts of power distribution companies. In a meeting with the vice president Professor Yemi Osinbajo and senior government officials…readmore.
The value of Nigeria’s currency improved further on Wednesday by N10 as the cost of dollar dropped to N430 (selling) compared to N440 traded on Tuesday on the black market. Foreign exchange users.…read more
The Central Bank of Nigeria (CBN), has announced that the Agricultural Credit Guarantee Scheme Fund (ACGSF) Amendment Act assented to by President Muhammadu Buhari…read more.
The Nigerian Export Promotion Council (NEPC), has said its One- State-One-Product Programme, under the “Zero Oil” initiative, is designed to create employment in states across the country…read more.
To address the challenges facing over 70 per cent rural population, curb growing rural to urban migration as well as spur economic activities, the Federal Government, Tuesday unveiled plans to power over five million homes…read more.
Guaranty Trust Bank (GTBank) Plc and Stanbic IBTC Holdings Plc yesterday announced their respective audited half year results for the period ended June 30, 2020, showing a combined profit after tax of N135 billion…read more.
The COVID-19 pandemic has fundamentally altered global mobility, having brought the world to a halt. Many countries have implemented coronavirus-related travel restrictions and border shutdowns, creating an unprecedented impact on mobility…read more.
Nigeria’s Broadband penetration has maintained a steady growth in the last 20 months, after it surpassed the 30 per cent targeted broadband penetration in December 2018, statistics obtained from the Nigerian Communications Commission (NCC) website has shown….read more.
The Director-General, Debt Management Office, Patience Oniha, on Wednesday, defended the nation’s debt profile, saying there is nothing wrong with borrowing…read more.
The President, Association of Bureaux de Change Operators of Nigeria, Alhaji Aminu Gwadabe, has said that the new exchange rate for the operators to sell forex at N386 cannot sustain their operations…read more.
Shareholders of Presco Plc, on Wednesday, commended the board and management of the company for declaring N2bn dividend for the financial year ended December 31, 2019 despite various challenges…read more.
AIICO Insurance Plc said it is taking another giant leap forward in its recapitalization journey with the launch of its N3.5 billion rights issue, which opens on Wednesday, September 2, 2020 and will run through to Wednesday, October 7, 2020…read more.
FBN Insurance Limited, a member of the Sanlam Group, said that it is upgrading its digital capabilities and platforms, especially its payment channels, to adequately serve its customers…read more.
Royal Exchange General Insurance Company, REGIC, has posted a Gross Written Premium of N10.58 billion for the financial year ended December 2019. Chairman of the company, Alhaji Rabiu Gwarzo, disclosed this at the company’s 12th annual general meeting, which held virtually recently…read more
Consolidated Hallmark Insurance Plc, CHI, has recorded 100 percent subscription to its recently concluded rights issue. Recall that the company offered by way of Rights Issue 2,032,500,000 ordinary shares of 50 kobo each at 52 kobo per share…read more.