DPR Seals 30 Filling Stations, Arrest 3 Suspect in C/River
The Department of Petroleum Resources, DPR, has sealed 30 fillings stations in Cross River for selling petrol above the approved price of N145 per litre and other offences. The News Agency of Nigeria, NAN, reports...
Asian Stocks Drop after Trump Announces China Tariff Hike
Asian stocks fell sharply Friday morning following U.S. President Donald Trump’s announcement that he will hike tariffs on some 300 billion dollars’ worth of Chinese goods to 10 per cent starting on Sept. 1. Japan’s...
CBN Report Shows Greater Confidence in Business
The Central Bank of Nigeria, CBN, on Wednesday, released its Business Expectation Survey for July. According to the report, the business outlook for August 2019 showed greater confidence on the macro economy. The report published...
Fidelity Bank Rewards 11 Loyal Customers with N7m in Kano
Eleven loyal customers of Fidelity Bank Plc in Kano on Tuesday won N7 million in its “Fidelity Savings Loyalty Scheme." The News Agency of Nigeria, NAN, reports that some of the lucky customers won N500,...
FG Sets up Committee to Recover N5trn AMCON Debts
The Federal Government has set up a committee to come up with new approaches to recover debts owed the Assets Management Corporation of Nigeria, AMCON.
Senate Seeks Return of Budget Cycle to Jan-Dec
President of the Senate, Ahmed Lawan, said on Tuesday that the desire of the ninth Senate and indeed the National Assembly is to have the budget cycle returned to January to December.
EFCC Arrests Kwara SMED DG, 6 Microfinance Banks MDs over Alleged N2bn Fraud
The Economic and Financial Crimes Commission, EFCC, has arrested and detained the Director-General of Kwara State Bureau of Small and Medium Enterprise Development, SMED, Mr. Segun Soewu, over alleged N2 billion fraud.
Zamfara Govt. signs 1bn USD MoU with Afreximbank
Gov. Bello Matawalle of Zamfara, has signed a 1bn US dollar Memorandum of Understanding, MoU, with Afreximbank for the economic development of the State.
Borno Govt. Disburses N39.2 m Loan to 1, 307 Traders
Borno State Government on Saturday, began disbursement of N39.2 million loan to 1, 307 traders, to encourage the growth of Small and Medium Scale Enterprises(SMSEs) in the state.
CBN Injects $284.2m, CNY36m into Retail Secondary Market
The Central Bank of Nigeria, CBN, has injected 284.2 million dollars in the retail Secondary Market Intervention Sales, SMIS.
MTN Nigeria Posts 566.95bn Revenue in Six Months
MTN Nigeria Communications Plc on Friday released its unaudited result for the six months ended June 30, and announcing an interim dividend of N2.95 per share to its shareholders.
Sovereign Trust Insurance PLC’s GPW Hits N10.5 bn
Sovereign Trust Insurance, STI, Plc said its performance in Nigeria insurance industry has been strengthened as it pooled N10.5 billion Gross Written Premium, GPW, in the 2018 financial year.
MTN Nigeria Board Chairman, Paschal Dozie, 5 other Directors Retire
MTN Nigeria on Wednesday notified the Nigerian Stock Exchange, the investing public and other stakeholders that some non-executive Directors including the Chairman, Dr. Paschal Dozie are retiring from its Board after 18 years of service.
