Boost Productivity With Local Content To Firm Up Value Of Naira, Economist counsels FG
An economist, Mr. Tope Fasua, on Sunday, advised the Federal Government to take concrete steps to boost productivity, with strong local content, so as to firm up the value of the national currency. “Your currency...
African Nations Begin Trading Under AfCFTA Pact
African Union (AU) Chairperson, Cyril Ramaphosa, and Ethiopian Prime Minister, Abiy Ahmed, have congratulated Africans for starting trading under the African Continental Free Trade Area (AfCFTA). Abiy tweeted: “Congratulations to our continent for the beginning...
FCMB Probes MD Over Alleged Unethical Conduct`
The Board of First City Monument Bank, on Saturday, says it is investigating its Managing Director, Mr. Adam Nuru, over allegations of unethical conduct involving a former employee, Ms Moyo Thomas. The bank made this...
Wike Directs Immediate Reopening Of Kidney Island For Operators
Rivers State Governor, Nyesom Ezenwo Wike, has directed the immediate reopening of Kidney Island in Port Harcourt for the operators. This was contained in a release signed by the Special Assistant (Media) to the Governor,...
DPR Shortlists 161 Companies For Final Stage Of Marginal Oilfield Bid Round
The Department of Petroleum Resources (DPR) says 161 successful companies have been shortlisted to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country. Mr. Paul Osu, Head, Public...
Consumers Will Get Refund For Meter Payment – NERC
Electricity customers who paid for meters under the Meter Asset Provider scheme will be refunded, the Nigerian Electricity Regulatory Commission has said. NERC said this on Wednesday in an emailed response, through its Head of...
Experts Seek Friendly Monetary Policies To Sustain Stock Market Growth
As the nation’s bourse winds down for 2020 in green, capital market experts have called for an accommodative monetary policies to support economic growth. They said this in series of interview with the News Agency...
Fidelity Bank Announces New Board Appointments
Fidelity Bank has announced the appointments of new board executives to replace outgoing directors who recently completed their tenure in accordance with the bank’s internal governance policies. Mr. Mustafa Chike-Obi, Chairman, Board of Directors of...
GDP: IMF Ranks Nigeria 1st In Africa, 26th In The World
Nigeria stands as the number one country in Africa in the International Monetary Fund (IMF) 2020 World Economic Outlook’s ratings of countries. Using countries’ GDPs, IMF ranked Nigeria among the first 26 countries in the...
Economic Crisis: Naira To Depreciate Further In January, Says CBN
The Central Bank of Nigeria (CBN) has disclosed that a survey carried out by its Statistics Department revealed that the naira is expected to depreciate further in January 2021. The report, titled, ‘December 2020 Business...
Nigeria Stock Market Gains N334bn On Dangote Cement Share Buyback
The Nigerian Stock Exchange (NSE) gained N334 billion on Monday due to buying interest in Dangote Cement and 22 other stocks. Specifically, the market capitalisation rose by N334 billion or 1.74 per cent to close...
CBN Revokes 42 Microfinance Banks’ Operating Licences
The Central Bank of Nigeria has revoked the operating licences of 42 microfinance banks in the country. This was announced by the Nigeria Deposit Insurance Corporation in a notice on its website on Friday. The notice...
Dana Air To Compensate passengers over flight disruption
The management of Dana Air has said it would give free tickets as compensation to passengers recently affected in its flight cancellations. The airline’s Communication’s Manager, Mr. Kingsley Ezenwa, stated in a statement he issued...
