Category: Economy

Senate Passes Companies And Allied Matters Amendment Bill
March 10, 2020 No Responses

Senate Passes Companies And Allied Matters Amendment Bill

The Senate on Tuesday passed the Companied and Allied Matters Act amendment bill, 2020.The passage of the bill by the upper chamber was sequel to a clause-by-clause consideration of the bill in a committee of the whole.The piece of legislation...
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Nigeria Unveils $1b Locally-Assembled Vehicles
March 9, 2020 No Responses

Nigeria Unveils $1b Locally-Assembled Vehicles

The Ministry of Industry, Trade and Investment in collaboration with the National Automotive Design and Development Council (NADDC) on Monday commissioned $1billion worth of locally-assembled vehicles.The vehicles are locally produced by 17 companies including...
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Investors lose N329b
March 9, 2020 No Responses

Investors lose N329b

The Nigerian Stock Exchange (NSE) market capitalisation opened the week on Monday with a huge loss of N329 billion due to persistent fall in global oil price and rising cases of COVID-19.The News Agency of Nigeria (NAN) reports that the...
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Senate Approves FG’s $22.7b Loan Request
March 5, 2020 No Responses

Senate Approves FG’s $22.7b Loan Request

The Senate on Thursday,  approved 22.7 billion dollars as external borrowing plan for Nigeria out of the 22.8 billion requested by President Muhammadu Buhari.This followed the adoption of the report of the Committee on Local and Foreign Debts on the...
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Reps Approve N346.3b NDDC 2019 Budget
March 4, 2020 No Responses

Reps Approve N346.3b NDDC 2019 Budget

The House of  Representatives has passed the 2019 Appropriation bill of N346.388 billion for the Niger Delta Development Commission (NDDC), for its 2019 operations.This was sequel to a unanimous adoption of a report on the bill by the NDDC Chairman,...
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Again, Zenith Bank Emerges Most Valuable Banking Brand In Nigeria
March 4, 2020 No Responses

Again, Zenith Bank Emerges Most Valuable Banking Brand In Nigeria

Foremost financial institution, Zenith Bank Plc has again emerged as the Most Valuable Banking Brand in Nigeria in the new Banker Magazine Top 500 Banking Brands 2020.For the third consecutive year, Zenith Bank has been ranked as the number one...
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NSE Members Assent To Demutualisation Resolutions
March 3, 2020 No Responses

NSE Members Assent To Demutualisation Resolutions

Members of the Nigerian Stock Exchange (NSE) have passed requisite resolutions for the demutualisation of The Exchange .At a Court Ordered Meeting (COM) and an Extraordinary General Meeting (EGM) held on Tuesday, March 3, 2020 at The Grand Banquet Hall,...
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FirstBank Boss At FinTech Summit In Bulgaria, Explains Fresh Innovations, Empowerment
March 3, 2020 No Responses

FirstBank Boss At FinTech Summit In Bulgaria, Explains Fresh Innovations, Empowerment

By Moses Ebosele, ebosele@hotmail.com The Chief Executive Officer, First Bank of Nigeria Limited, Dr. Adesola Adeduntan participated as a keynote speaker at the just concluded  Annual FinTech & InsureTech Summit held In Bulgaria.A statement issue...
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Minister Visits Stallion Group Rice Mill, Lauds Additional $70m Investment
March 2, 2020 No Responses

Minister Visits Stallion Group Rice Mill, Lauds Additional $70m Investment

The Minister of Agriculture and Rural Development, Alhaji Sabo Nanono has paid a scheduled visit to  Popular Farm and Mills Limited, a member of  Stallion Group.During the visit, the Minister who was accompanied by his special adviser, Prof Sabagi, H...
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Nigeria Begins N46.83b Agric Scheme In Niger Delta
February 25, 2020 No Responses

Nigeria Begins N46.83b Agric Scheme In Niger Delta

The Nigerian Government has engaged 140 trainees to support the take-off of $129.17m (N46.83 billion) agricultural scheme in the Niger Delta region. Minister of Agriculture and Rural Development, Sabo Nanono, disclosed this at the Livelihood Improvement Family...
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SEC Nigeria Holds International Commodities Conference
February 24, 2020 No Responses

SEC Nigeria Holds International Commodities Conference

In a bid to further deepen the capital market and have a vibrant commodities exchange, the securities and Exchange Commission, SEC, is to host an international conference on the Nigeria Commodities MarketThe conference with the theme, “Commodities Trading Ec...
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Zenith Bank Declares N200b Profit After Tax
February 21, 2020 No Responses

Zenith Bank Declares N200b Profit After Tax

For the year ended December 31st, 2019, Zenith Bank Plc on Friday announced profit after tax (PAT) of N208.8 billion, “achieving the feat as the first Nigerian Bank to cross the N200 billion mark”.According to the bank’s audited financial results...
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First Bank Takes SMEs Business Clinic To Port-Harcourt, Abuja
February 21, 2020 No Responses

First Bank Takes SMEs Business Clinic To Port-Harcourt, Abuja

In recognition of the significant role Small and Medium Enterprise (SMEs) play in achieving sustainable growth and development in the economy of the country, First Bank of Nigeria Limited has concluded plans to host second edition of SMEs  Business Clinic...
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SON Implores Firms On Global Competitiveness
February 19, 2020 No Responses

SON Implores Firms On Global Competitiveness

The Standard Organisation of Nigeria (SON) has called on Nigerian manufacturers to maintain high standard quality of their products to boost consumers’ confidence and position themselves for global competitiveness.The Director-General of SON, Mr Osita Abolom...
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