Thursday, March 18, 2021 DPR Moves against Petrol Overpricing, Seals 11 Stations in Abuja The Department of Petroleum Resources (DPR) yesterday ramped up efforts to stop overpricing of petrol, manipulation of metering devices as well as the diversion of the product in Abuja, following the upsurge of various malpractices after last week’s hoax that prices…
Wednesday, March 17, 2021 Excitement, Commendations as Zenith Bank Pays N94.2bn Dividend Shareholders of Zenith Bank Plc yesterday approved the payment of proposed N94.19 billion dividend for the year ended December 31, 2020. The shareholders commended the board and management of the bank for the improved financial results and dividend payment, which translated to N3.00…
Tuesday, March 16, 2021 ‘Mortgage Bill Will Raise Gross GDP by 51%’ Proponents of the Institute of Mortgage Brokers and Lenders (IMBL) bill which has just passed its third reading at the House of Representatives, have said that when passed, it will increase Nigeria’s Gross Domestic Product (GDP) by at least 51 per cent. The…
Friday, March 12, 2021 FG May Earn N30bn from Cargo Transfer to Onitsha Port, Others The federal government may have struck gold with the plan movement of cargo from Lagos ports to inland ports across the country especially those of the southeastern part of the country like Onitsha. This followed the operating licences issued to…
Thursday, March 11, 2021 Economic Imperatives of the NIS N9.1bn Infrastructure Emma Okonji writes about the economic importance and security of the N9.1 billion Information and Communications Technology infrastructure of the Nigeria Immigration Service that was launched last week. Last week’s inauguration of the N9.1 billion Technology Building in Abuja, belonging to the Nigeria Immigration…
Wednesday, March 10, 2021 PenCom Approves N5.33bn as More Contributors Withdraw Pension Funds Pension Fund Administrators (PFA) are under stress as a result of continuous demands for withdrawals by contributors into the Contributory Pension Scheme. This is as a result of increased job losses due to harsh economic environment. In the last quarter of 2020,…
Tuesday, March 9, 2021 UBA Grows Profit to N113bn as Gross Earnings Hit N600bn Pan-African financial institution, United Bank for Africa Plc (UBA), yesterday announced its audited results for the full-year ended December 31, 2020, recording impressive growth across its top and bottom lines. Despite the challenging operating environment, UBA reported growth of 10.8 per…
Friday, March 5, 2021 FMDQ Exchange Registers Fidson Healthcare N10bn Commercial Paper FMDQ Securities Exchange Limited has approved the registration of Fidson Healthcare Plc’s N10 billion Commercial Paper (CP) Programme on its platform as part of its commitment to the continuous development of the Nigerian financial market in collaboration with market stakeholders. Read more SAHCO…
Thursday, March 4, 2021 Dangote Group’s Petroleum Industry Bill Proposal The news of last weekend’s presentation to the National Assembly’s Joint Committee on the Petroleum Industry Bill, (PIB) by the Dangote Group, whose members visited the company, sent shock waves to the marrows of the Nigerian oil sector. Read more ECOWAS Bank Seals €40m Deal…
Wednesday, March 3, 2021 Nigeria Needs to Boost Food Reserves, Says Emefiele The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday warned against Nigeria repeating the mistakes of the past by neglecting agriculture. He said the country should immediately start to build its own food reserves, as the experience from the…