Local Minimum wage: TUC silent as ultimatum expires February 3, 2020 Ekemini It was gathered at the time of the ultimatum that about 15 states had started negotiations for the minimum wage while about six states had signed the agreement.
Business Local FAAN takes over MMIA toll gate from concessionaire February 3, 2020 Ekemini The Federal Airports Authority of Nigeria on Monday took over the Murtala Muhammed International Airport Access Toll Gate from the Integrated Intelligent Imaging West Africa Ltd. a year after expiration…
Business Local Honeywell records N58bn revenue in 9 months February 3, 2020 akintunde HONEYWELL Flour Mills Plc has announced N58.2 billion revenue for the nine-month period ended December 31, 2019, representing six percent increase when compared to N55 billion revenue posted in the…
Business Local New VAT rate triggers rise in stock market transaction cost February 3, 2020 Ekemini STOCK market investors and operators will from today pay more as transaction cost for shares traded on the Nigerian Stock Exchange, NSE following the commencement of the implementation of the…
Local Domestic debt service of N607b and quests for more February 3, 2020 Ekemini The Federal Government incurred a debt service bill of N606.87 billion on domestic obligations alone in just one quarter. This is more than 20 per cent of the total capital…
Banking Local Manufacturing PMI drops to 59.2 index points in January — CBN February 3, 2020 Ekemini The Central Bank of Nigeria, CBN, said that the Manufacturing Purchasing Managers Index, PMI, dropped marginally to 59.2 index points in January though activities in sector expanded for the 34th…
Banking Local Banks’ borrowing from CBN rises 215% to N19.5trn February 3, 2020 Ekemini BANKS’ borrowing from the Central Bank of Nigeria’s, CBN, rose by 215 percent year-on-year (y/y) to N19 trillion in 2019 from N6.2 trillion in 2018. Banks borrow from the CBN…
World UK productivity slowdown worst since Industrial Revolution – study February 3, 2020 Ekemini The slowdown in Britain’s productivity growth over the last decade is the worst since the start of the Industrial Revolution 250 years ago, a dismal track record that is holding…
World Chinese shares drop nearly 9% amid fears of coronavirus impact February 3, 2020 Ekemini Stock markets in China have seen the biggest daily fall for five years as traders rushed to sell amid continued fears about the impact on the global economy of the…
Business Local Cadbury’s revenue, profit beat estimates in 2019 February 3, 2020 Ekemini Cadbury has published its UNAUDITED FY 2019 results announcing a 9.3% y/y increase in Revenue to N39.3bn in FY 2019 from N36.0bn in FY 2018. Furthermore, Revenue within the quarter…
Banking Local Sterling Bank: Impressive growth in profit despite elevated OPEX February 3, 2020 Ekemini Sterling Bank (Sterling) released its FY 2019 UNAUDITED report, with Gross Earnings coming in flat at N149.5bn, in line with our estimate of N149.5bn. Supported largely by moderation in Interest…
Local Interswitch Limited lists N23 billion bond on NSE February 1, 2020 Ekemini The Nigerian Stock Exchange (NSE or The Exchange) has announced the listing of Interswitch Limited’s N23billion Bond on Friday, 31 January 2020. The Callable Senior Unsecured Bond, with a tenor…
Business Konga restores investor confidence in Nigeria’s e-commerce February 1, 2020 Ekemini Co-Chief Executive Officer of Konga, Nnamdi Ekeh, said despite investors’ lack of interest in the e-commerce business in 2019, Konga has taken the forefront of driving the online marketplace growth…
Tips Former Citibank executive offers financial literacy tips February 1, 2020 Ekemini A former Group Head, Corporate and Investment, Citibank, Hetty Ugboh, has tasked students to diversify their income resources efficiently across various investment portfolios such as shares, bonds, real estate and…
Tips How to start a business without capital February 1, 2020 akintunde The number one thing most people point at as a stumbling block to starting a business is always money. In fact, I’ve had people with such notion interrupt me whenever…
Business Local Guinness Nigeria: Revenue recovers but operating performance remains weak February 1, 2020 Ekemini On Thursday, Guinness Nigeria Plc released its H1 2020 financial report announcing 0.8% y/y increase in Revenue to N68.3bn in H1 2020 from N67.8bn in H1 2019. On a q/q…
Local Courteville, Jaiz Bank, Transcorp lead gainers’ chart on Friday February 1, 2020 Ekemini Courteville Business Solutions, Jaiz Bank, Champion Breweries, Transcorp and Oando made the list of top gainers in the Nigerian Stock Exchange on Friday. The stock market, however, extended its bearish…
