Monday, October 05, 2020
High cost of doing business, unnecessary delay during cargo examination and poor road infrastructure have been identified as factors limiting inland container terminals’ capacity…read more.
FX turnover declined 78%, 71% and 64% in May, June and July 2020 compared to the same periods in 2019.Dollar transactions at Nigeria’s Investors and Exporters (I&E) window slumped 47 percent to $36 billion between January to September 2020…read more.
Nigerian banks are setting aside more money than they did in the last three years for bad loans amid the coronavirus (Covid-19) pandemic…read more.
The pump price of petrol may reduce marginally this month, going by the fall in global crude oil prices, oil marketers said on Sunday. According to them, since the cost of petrol has been largely determined by the price of crude oil…read more.
The National Union of Petroleum and Natural Gas and the Petroleum and Natural Gas Senior Staff Association of Nigeria have directed their members in Chevron Nigeria Limited to commence a total shutdown of the company’s operations over the sack of Nigerian employees…read more.
With effect from January 1, 2021, banks will introduce a new digit on the Magnetic Ink Character Recognition code line and expiry dates to new cheque books. First Bank of Nigeria Limited disclosed this in a mail…read more.
At sixty, Nigeria is the poverty capital of the world. The country edged out India recently with a poverty rate of over 70 per cent to assume this position of despondency. Since independence, Nigeria’s economy has been tottering back and forth…read more.
The current share price of FBN Holdings does not reflect the financial performance and future prospects of the holding company, the Group Managing Director, FBN Holdings Plc, Mr. UK Eke has said…read more.
The newly licensed Greenwich Merchant Bank Limited has commenced operations even as it announced plan to position itself as the go-to institution for providing financial services to both local and international clienteles…read more.
The Rector of International Aviation College, Ilorin and former acting Director General of the Nigerian Civil Aviation Authority (NCAA), Benedict Adeyileka has said two key ways the federal government can revamp the aviation industry are to overhaul…read more
THE Board of Directors of Fidelity Bank Plc has announced the appointment of Engr. Henry Ikem Obih as an Independent Non-Executive Director with effect from September 21, 2020 and Dr. Kenneth Onyewuchi Opara as an Executive Director…read more.
Nigerian Stock Exchange By Peter Egwuatu The Association of Securities Dealing Houses of Nigeria (ASHON) has confirmed that its members shall commence trading on the FMDQ Securities Plc any moment soon…read more.
The Central Bank of Nigeria (CBN) is expected to resume its liquidity mop up this week in response to inflow of N567 billion into the interbank money market. Last week the apex bank …read more.