Category: Economy

SEC Nigeria To Investors: Explore Opportunities In Capital Market
May 5, 2020 No Responses

SEC Nigeria To Investors: Explore Opportunities In Capital Market

As the Coronavirus pandemic continues to ravage the world and businesses and individuals suffer the effects, Nigerians have been urged to look to the capital market as an avenue to create wealth. This was stated by the Acting Director General...
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16 Seafarers Kidnapped In Lagos, Gabon
May 4, 2020 No Responses

16 Seafarers Kidnapped In Lagos, Gabon

Over the past five days, a total of 16 seafarers were kidnapped by pirates off the coast of West Africa, marking a continuation of rampant pirate activity in the region. Ten mariners were kidnapped in an attack reported by Dryad...
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Mutual Benefits Assurance Pays N399m Claims Amidst Lockdown
May 4, 2020 No Responses

Mutual Benefits Assurance Pays N399m Claims Amidst Lockdown

Mutual Benefits Assurance Plc on Monday said it had paid claims of over N399 million to  customers across its businesses amidst COVID-19 lockdown. The company made the disclosure in Lagos  in a statement by Ellen Offo, its Head of Corporate...
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Fidelity Bank Reassures Customers, Staff Of Safety As Shareholders Okay N5.79b Dividend
May 4, 2020 No Responses

Fidelity Bank Reassures Customers, Staff Of Safety As Shareholders Okay N5.79b Dividend

Fidelity Bank says it will continue to take measures that will ensure the safety of customers, staff and other stakeholders during the period of COVID-19. The bank, in a statement on Monday, said its Chairman, Mr Ernest Ebi, gave the...
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Ecobank Pledges Improved Customer Satisfaction
May 4, 2020 No Responses

Ecobank Pledges Improved Customer Satisfaction

Group Chief Executive Officer of Ecobank Bank Transnational Incorporated, Mr. Ade Ayeyemi, has said the focus of the bank is on making sure that it meets the needs of customers despite the pandemic, while also ensuring their wellbeing and safety...
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Nigeria Orders Release Of 17,500mt Of Grains From Food Reserve
May 2, 2020 No Responses

Nigeria Orders Release Of 17,500mt Of Grains From Food Reserve

The Federal Government has directed the release of about 17,500 metric tonnes of assorted grains from Yola National Food Reserve site for distribution as palliatives to Nigerians.Mr Haruna Sulaiman, Director, National Food and Strategic Reserve said this while...
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Apapa Freight Shuttles Top Priority As NRC Resumes Monday
May 2, 2020 No Responses

Apapa Freight Shuttles Top Priority As NRC Resumes Monday

The Mass Transit Train Services (MTTS) in Lagos State will not resume yet in spite of the gradual easing of COVID-19 lockdown in the state, the Nigerian Railway Corporation (NRC) disclosed on Saturday.  The Lagos Railway District Manager, Mr Jerry...
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COVID- 19: Withdraw Old Naira Notes, Group Tells CBN
May 2, 2020 No Responses

COVID- 19: Withdraw Old Naira Notes, Group Tells CBN

The Association of Progressive Nigerians has appealed to the Central Bank of Nigeria (CBN) to withdraw old and tattered naira notes from circulation as the country is battling COVID- 19 pandemic. The group made the appeal in a statement it...
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NECA Faults FIRS’ Call For Advance Tax Payment
May 1, 2020 No Responses

NECA Faults FIRS’ Call For Advance Tax Payment

The Nigeria Employers’ Consultative Association (NECA) has faulted the Federal Inland Revenue Service (FIRS)’s request asking companies to pay their taxes in advance. Its Director-General, Mr Timothy Olawale, who expressed the concern in a statement on Fri...
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Global e-Commerce Hits $25.6trillion
May 1, 2020 No Responses

Global e-Commerce Hits $25.6trillion

 E-commerce sales hit $25.6 trillion globally in 2018, up 8% from 2017, according to the latest available estimates released on Friday by the UN’s trade and development body, UNCTAD, at the start of its UNCTAD eWeek event. The online event will...
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UBA Delivers Impressive Returns on Investment, as Shareholders Applaud Bank’s Support in Fight against COVID-19
May 1, 2020 No Responses

UBA Delivers Impressive Returns on Investment, as Shareholders Applaud Bank’s Support in Fight against COVID-19

Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one year history. The meeting, which had in attendance shareholders, manageme...
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3,256 Benefits From CBN N50b COVID-19 Credit Facility
April 30, 2020 No Responses

3,256 Benefits From CBN N50b COVID-19 Credit Facility

No fewer than 3,256 individuals and small businesses have so far benefited from the Central Bank of Nigeria’s (CBN) N50 billion Targeted Credit Facility (TCF) to cushion effects of COVID-19. The Managing Director of Nigeria Incentive-Based Risk Sharing Syste...
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NSE Reiterates Commitment To Business Opportunities, Market Sustainability
April 30, 2020 No Responses

NSE Reiterates Commitment To Business Opportunities, Market Sustainability

The Nigerian Stock Exchange (NSE) has pledged to sustain market activities, leverage all available opportunities and maintain open lines of communication to all  stakeholders.  Chief Executive Officer of NSE, Oscar N. Onyema in an interview published...
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Zenith Bank Declares N166.8b Gross Earnings In Q1
April 30, 2020 No Responses

Zenith Bank Declares N166.8b Gross Earnings In Q1

Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31 2020, with gross earnings rising by 6% from N158.1 billion in March 2019 to N166.8 billion. From the unaudited statement of account which was presented...
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