Nigeria Archives — Page 383 of 672

March 9, 2019 No Responses

Emefiele And The Stakes At CBN

By Sufuyan Ojeifo – As the central bank and apex monetary authority of the country, the major regulatory objectives of the Central Bank of Nigeria (CBN) as mirrored in the institution’s enabling Act are to maintain the external reserves of the country, promote monetary stability, a...

March 9, 2019 No Responses

Addo-Owusu: I’m Happy Helping Others To Develop Their Brands

Haulat Afolabi – Like a diamond in the sun, Mrs. Emma Addo-Owusu glowed, as she took a retrospective look at her selfless efforts, down the lane. Looking straight ahead in deep contemplation, she heaved a sigh of relief and at...

March 8, 2019 No Responses

Seplat Declares $746m Revenue, Recommends $0.05 Dividend For 2018

citybusinessnews@yahoo.com – For the year 2018, a leading Nigerian indigenous oil and gas company, Seplat Petroleum Development Company Plc has declared $746million revenue and operating profit of $310million Listed on both the Nigerian Stock Excha...

March 8, 2019 No Responses

Nigeria Intensifies Rice Production Through Anchor Borrowers’ Scheme

No doubt, the Anchor Borrowers Programme (ABP) of the Nigerian Government has taken off successfully. The scheme was introduced by the Central Bank of Nigeria (CBN) and launched by President Muhammadu Buhari on November 17, 2015 in Birnin Kebbi, Ke...

March 7, 2019 No Responses

Nigeria Projects Microfinance Banks For 774 Councils

Nigeria is to establish Microfinance Bank (MfBs) in all the 774 local government areas of the country. Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, disclosed the development on Wednesday in Abuja while on a facility tour...

March 7, 2019 No Responses

Dangote Cement Targets $600m Annual Exports

President of Dangote Industries Limited, Aliko Dangote, has restated his Group’s commitment to Nigeria’s economic development through continuous innovation, value creation and investments. This is just as he disclosed that Dangote Cement’s exports to oth...

March 6, 2019 No Responses

Shareholders Approve Access Bank, Diamond Bank Merger

With a unanimous vote, Shareholders of Access Bank Plc and Diamond Bank Plc on Tuesday approved the merger of both financial institutions. The shareholders approval was secured during an Extraordinary General Meetings (EGMs) of both banks held in Lagos State.....

March 6, 2019 No Responses

NAJA To Hold Capacity Building Workshop

Nigerian Auto Journalists Association (NAJA) is to hold 2019 Capacity Building workshop before the second quarter of this year. The annual training workshop which is designed to boost human capacity for journalists reporting the automotive sector in the ...

March 5, 2019 No Responses

Nigeria Suspends Issuance Of 10-Year Passport

Citing need to finalise integration of the National Identity Number (NIN) with the new passport, the Nigeria Immigration Service (NIS) has postponed the issuance of the new 10-year enhanced e-passport till April 29. Muhammad Babandede, Comptroller-Genera...

March 5, 2019 No Responses

Nigeria Offers New Bonds For March

The federal government has offered for subscription two-year and three-year savings bonds at 11.62 per cent and 12.62 per cent per annum, the Debt Management Office (DMO) has said. According to the offer circular obtained from the DMO website on...

March 4, 2019 No Responses

At Victory Dinner, Buhari Vows To Address Gap Between Rich, Poor Nigerians

President Muhammadu Buhari has vowed not to betray the confidence of Nigerians from the last elections, saying his victory is a sign that Nigerians are satisfied with the change that his government embarked upon and shows confidence in his promise...

March 2, 2019 No Responses

First Bank Marks 125 Anniversary, Renews Commitment To Service Delivery

First Bank of Nigeria Limited on Friday said it would remain committed to the development and growth of Nigeria as well as the financial industry through enhanced service delivery. Adesola Adeduntan, the bank’s Chief Executive Officer, stated this at its...

March 1, 2019 No Responses

NNPC: Nigeria Controls $48b New Oil, Gas Projects In Africa

Nigeria is the destination for new projects in the oil and gas industry in Africa valued at over $48 billion, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said. This is about 25 per...

March 1, 2019 No Responses

Nigeria Stock Markets Dips Further By N196b

Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February. Specifically, the market capital...