Tag: Economy
CBN Appoints New CEOs For Union, Keystone, Polaris Banks
Few hours after dissolving the board and management of Polaris, Union, and Keystone banks, the Central Bank of Nigeria (CBN) has appointed new chief executives and executive directors to oversee the affairs of the banks. The apex bank in a...
Chevron Nigeria Appoints New Chairman/MD
CHEVERON Nigeria Limited, CNL, operator of the joint venture between the Nigerian National Petroleum Company Limited and CNL, has announced the appointment of Jim Swartz as the Chairman and Managing Director of Chevron Nigeria/Mid-Africa Business Unit, effecti...
NGX All-Share Index Drops By 1.4%, Investors Lose N638b
The Nigerian Exchange closed trading on Wednesday on a negative note, due to price depreciation posted by Tier-one bank stocks and some others. Consequently, the All-Share Index declined by 1,167.46 or 1.4 per cent to close at 82,024.28, as against...
Zenith Bank Denies MD’s Arrest
Zenith Bank Plc has refuted claims that its Group Managing Director/Chief Executive Officer, Dr Ebenezer Onyeagwu, was arrested and held by the anti-graft agency, the Economic and Financial Crimes Commission, in relation to alleged fraud at the Ministry of Hum...
Blue Economy: The Role Of Academia, By Jamoh
The academia has a major role to play in the development of the Blue Economy in Nigeria, Director General of the Nigerian Maritime Administration and Safety Agency, Dr. Bashir Jamoh has said Dr Jamoh, who stated this during a courtesy...
Global Economy Set For Weakest Growth Since Pandemic, Warns World Bank
The global economy is set to grow at its slowest pace since the pandemic, the World Bank has warned. It has forecast growth of just 2.4% in 2024 and stated higher interest rates were a major factor. Global trade and...
Archbishop Martins Decries Renewed Plateau Killings, Kidnappings
The Catholic Archbishop of Lagos, Most Rev. Alfred Adewale Martins has said that the renewed wave of killings and kidnappings in Plateau State and other parts of the country by terrorists suggests that the government is gradually losing the battle...
283,003 Lagos Residents To Receive N25,000 Each From FG
Not less than 283,003 Lagos residents are to receive N25,000 each from the Federal Government under it conditional cash transfer scheme. The National Programme Manager of the National Cash Transfer Office (NCTO) in Abuja, Dr. Michael Ajuluchuku, explained on T...
Zenith Bank Explains Annual Report, Emerges Nigeria’s Best Bank at Global Finance Awards
Zenith Bank Plc has announced its audited results for the year ended December 31, 2023, achieving a remarkable triple-digit growth of 125% in gross earnings from NGN945.6 billion reported in 2022 to NGN2.132 trillion in 2023.According to the audited financial....
Emefiele: EFCC To Appeal N100m Fine
The Economic and Financial Crimes Commission (EFCC) is to appeal N100milion fine imposed on it by the Federal High Court, Abuja, over the violation of the rights of a former governor of the Central Bank of Nigeria (CBN) Godwin Emefiele. ...
NGX All-Share Index Crosses 80,000 Benchmark
The Nigerian Exchange Ltd (NGX) All-Share Index on Monday crossed significant 80,000 basis points to settle at 80,324.53 benchmark by earning 0.83 per cent or 660 points, as against 79,664.66 recorded on Friday. Consequently, the equity market capitalisation c...
UBA Surpasses N1 Trillion Market Capitalisation Mark
United Bank for Africa (UBA) Plc has joined the group of companies with market capitalisation of over N1 trillion, as its share price value hits N29.90 per share. At the close of trading of the Nigerian Exchange Ltd. (NGX) on...
Minister Of Interior Reacts To Alleged N438m ‘Consultancy Fees’
The Minister of Interior, Olubunmi Tunji-Ojo, has denied reports that his company is involved in the contract allegations linked with the ministry of humanitarian affairs. An online Newspaper had reported that a company allegedly owned by Tunji-Ojo alleg...