Thursday, April 01, 2021 W’Bank Revises Nigeria, Others’ Growth Forecast to 3.4% The World Bank has revised its growth forecast for Sub-Saharan Africa (SSA) from -5.1 per cent to 3.4 per cent growth for 2021. The Washington-based institution, in its latest Africa’s Pulse, titled: ‘The Future of Work in Africa: Emerging Trends in Digital Technology…
DetailsTuesday, March 30, 2021 Shareholders to Receive N2.9bn Dividend as FCMB Records N20bn Profit Shareholders of FCMB Group Plc are to share N2.97 billion as dividend for the year ended December 31, 2020, translating into 15 kobo per share. The dividend, which is higher than 14 kobo paid the previous year, was contained in the…
DetailsFriday, March 26, 2021 Shell Offers Advice on How to Enhance Efficiency in Nigeria’s Oil Sector International Oil Company (IOC), Shell, has offered a number of actions it said would help Nigeria’s oil and gas sector recover its operational efficiency. It said the list of activities it proposed could help the sector get back to…
DetailsThursday, March 25, 2021 Agusto & Co. Rates Global Spectrum Services ‘Bbb’ Global Spectrum Energy Services Plc (GSES), has earned a ‘Bbb’ rating from Agusto& Co., a rating agency in the country. GSES is one of the leading indigenous offshore support vessel companies operating in the marine security and logistics subsector of the oil &…
DetailsTuesday, March 23, 2021 NIPOST, Capital Market Registrars Forge Stronger Corporate Relationship The top echelon of the Nigerian Postal Services (NIPOST) recently met with the leadership of the Institute of Capital Market Registrars towards seeking stronger ties for corporate mutual benefits. The meeting, held in Lagos, recently, sought to rejuvenate the existing relationship especially in…
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Friday, March 19, 2021 DMO Lists N162.557 Billion Sovereign Sukuk on NSE The Debt Management Office (DMO) yesterday listed the N162.557 billion, 7-year, FGN Ijarah Sukuk with a rate of 11.2 per cent on the floor of the Nigerian Exchange (NGX) Limited. The third Sovereign Sukuk was issued on June 16, 2020, and will finance…
DetailsThursday, 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…
DetailsWednesday, 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…
DetailsTuesday, 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…
DetailsFriday, 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…
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