Friday, February 26, 2021 FG Begins Pilot Implementation of Livestock Transformation Plan in Nasarawa Following a €400,000 funding support from the Netherlands, the federal government has commenced talks with the Nasarawa State government for the kick-off of the pilot implementation of the National Livestock Transformation Plan (NLTP). Read more Nigerian Brand, JR Farms Acquires 11%…
Thursday, February 25, 2021 Fitch Revises Nigeria’s 2021 GDP Forecast to 1.6% Fitch Ratings has revised downward its 2021 growth forecast for Nigeria to 1.6 per cent, from its previous expectation of 2.3 per cent. The global rating agency in a statement yesterday, hinged its prediction on weaker base effects coming out of a shallower…
Wednesday, February 24, 2021 Zenith Bank Shows Resilience as Profit Hits N231bn Zenith Bank Plc yesterday released its audited results for the year ended December 31, 2020, showing earnings growth despite the challenging operating environment. The bank’s net interest stood at N299.682 billion, up from N267.031 billion in 2019, while net fee and commission income…
Tuesday, February 23, 2021 NNRC: Revised PIB Should Allow NNPC Raise Capital Via IPO The Nigeria National Resource Charter (NNRC) has advised the National Assembly to ensure that the Petroleum Industry Bill (PIB) currently before it for legislation will allow the Nigerian National Petroleum Corporation (NNPC) raise funds for its operations from the capital market…
Friday, February 19, 2021 United Capital Approves N4.2bn Dividend for Shareholders The Board of Directors of United Capital Plc has approved the payment of N4.2 billion as dividend to shareholders for the year ended December 31, 2020. The dividend, which translates to 70 kobo per share, is 40 per cent higher than the 50 kobo…
Thursday, February 18, 2021 FX Market: CBN Intervened with $10.308bn in Six Months The Central Bank of Nigeria (CBN) sold a total of $10.308 billion in the foreign exchange (FX) market in the first six months of 2020. The banking sector regulator disclosed this in its ‘Half-year Activity Report,’ as of June 2020, posted on…
Wednesday, February 17, 2021 N24m Judgment Debt: Businessman Seeks EFCC Assistance A businessman, Mr. Lateef Adebimpe has requested for the assistance of the Economic and Financial Crimes Commission (EFCC) to execute a 21 year-old judgment debt which as at February 29th last year stood at N23,530,882.01. This was contained in a petition addressed to the…
Friday, February 12, 2021 ‘Nigeria Needs More Foreign Direct Investments to Fund Capital Projects’ A securities dealer and Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu, has said that Nigeria needs appropriate policies that would attract Foreign Direct Investments (FDIs) into the country. He stressed that FDI is an important source of capital funding…
Thursday, February 11, 2021 130 Countries yet to Access COVID-19 Vaccines, WHO, UNICEF Lament The World Health Organisation (WHO) and United Nations Children’s Fund (UNICEF) have expressed dismay that about 130 countries were yet to receive a single dose of the COVID-19 vaccine. A joint statement issued by UNICEF Executive Director, Henrietta Fore, and WHO…
Wednesday, February 10, 2021 Analysts Forecasts Higher Bond Yields in Second Half of 2021 The Chief Investment Officer, Afrinvest Asset Management, Mr. Robert Omotunde has predicted that the second half of 2021 will see higher yields on federal government’s bonds. He said this yesterday at Afrinvest’s virtual seminar titled: “The investment playbook for 2021,’ where…