Economy Archives — Page 196 of 222

May 31, 2017 No Responses

CBN enhances Naira with $482.6m

As part of ongoing efforts, the Central Bank of Nigeria (CBN) on Tuesday intervened in the inter-bank market to the tune of $482.6 million. A statement issued by its Acting Director, Corporate Communications, Isaac Okorafor, in Abuja explained that...

May 31, 2017 No Responses

UBA celebrates Africa Day with Glitz, Glamour

The United Bank for Africa (UBA) Plc, on Thursday, joined the world to celebrate the 2017 Africa Day across the 19 African countries of operations with the theme: ‘Africa, the new Frontier.’ According to the Bank, Africa Day is dedicated to celebr...

May 30, 2017 No Responses

IITA: 35,930Kilograms of seeds offer to Borno among best planting materials, lifeline for North East

The improved seeds donated by the International Institute of Tropical Agriculture (IITA) to Borno State are lifelines for farmers, and will help rebuild the livelihoods of food insecure persons in the region. Tagged ‘seeds of renaissance’, the 35,930 kilog...

May 30, 2017 No Responses

Heritage Bank explains financial literacy training for children

In a bid to expose the citizenry to financial literacy at a very early age in life, Heritage Bank Plc, has exposed children between the age bracket of five and seven years to banking services. The programme, which is part...

May 27, 2017 No Responses

NSE Photo News

L– R: Pai Gamde, Ag. Head, Corporate Services Division, The Nigerian Stock Exchange (NSE); Master Yusuf Bello, Gloryville High School, Ebute metta, Yaba, Lagos; Master Ajoh Vincent Osita, Genesis High School, Ajah-Lekki, Lagos; Miss Priscilla Ogundoku, Glo...

May 26, 2017 No Responses

Access Bank introduces ‘Family Savings Scheme’ to boost savings

Access Bank Plc has unveiled a new savings scheme tagged ‘Family Savings Scheme’ initiated to give its customers a boost in their savings. The exercise is in line with the Bank’s commitment to promoting savings culture among the populace. The...

May 25, 2017 No Responses

Dangote Cement Shareholders approve N144.8b for 2016 dividend, seeks bonus

Shareholders of Dangote Cement Plc on Wednesday in Lagos endorsed proposal by the Board of company to set aside N144.8billion for 2016 dividend, indicating N8.50 kobo per share as against N8 per share paid in the corresponding period of 2015...

May 24, 2017 No Responses

CBN retains interest rate at 14 %, injects $186.5m for invisible, SMEs

THE Central Bank of Nigeria (CBN) on Tuesday kept its Monetary Policy Rate (MPR), its base interest rate, at 14 per cent. Speaking at an interactive session with Journalists after the Monetary Policy Committee (MPC) meeting in Abuja, CBN Governor,...

May 24, 2017 No Responses

NSE Photo News

L – R: Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Apostle Hayford Alile, Pioneer Director-General, NSE; Oscar N. Onyema, OON, CEO, NSE; Abimbola Ogunbanjo, First Vice President, NSE andAyo Gbeleyi, Ma...

May 23, 2017 No Responses

Heritage Bank partners RIMAN on best practice in risk management

Heritage Bank Plc has entered into strategic partnership with Risk Management Association of Nigeria (RIMAN) to promote global best practices in the implementation of risk management for safer and stronger financial institution. President of RIMAN, Mr Jude Mon...

May 23, 2017 No Responses

IITA donates 35,930 kilograms ‘Seeds of Renaissance’ to Borno

The International Institute of Tropical Agriculture (IITA) on Monday donated about 35,930 kilograms of seeds to the Borno state government as part of efforts to cushion the humanitarian crisis in the northeastern part of Nigeria. The donation is an...

May 23, 2017 No Responses

NSE Photo News

L – R: Haruna Jalo-Waziri, Executive Director, Capital Markets Division, The Nigerian Stock Exchange (NSE); Oscar N. Onyema, OON, Chief Executive Officer, NSE; Mr Olusegun Awolowo; Executive Director/CEO NEPC and Mr George Enyienkon, Director Export Develo...

May 22, 2017 No Responses

Dangote Flour unveils new pasta, declares N11.82b profit after tax for 2016

For the year ended December 31, 2016, Dangote Flour Mills Plc has declared profit before tax of N11.82billion The Chairman of Dangote Flour Mills, Asue Ighodalo, while addressing shareholders at the 11th Annual General Meeting in Lagos said “Despite the...