Unity Bank seeks more investment in creative industry
Unity Bank Plc has advocated more investments in the creative industry to drive its contribution to the Nigerian economy. Its Head,…
Day: March 3, 2020
Tax compliance in Nigeria laborious – Taxaide boss
The Chief Executive Officer Taxaide, Bidemi Olumide, has said that the process of collecting, computing and paying tax in Nigeria is…
Carbon launches USSD service to enhance access to finance
Carbon, the Pan-African digital financial services company, has introduced a USSD service to its platform, making it even easier for individuals…
No more reward for bogus investors – Ahmed, Finance Minister
For bogus investors, the honeymoon is over! It is not going to be business as usual in Nigeria as the Minister…
Sanwo-Olu lauds Afriland’s Investment in Infrastructure
LAGOS State Governor, Babajde Sanwo-Olu has praised Afriland Properties Plc for the renovation and inauguration of the world-class eight-floor office…
Equities lose N209b amid panic selloffs
NIGERIAN equities lost N209 billion on Monday as investors overlooked earnings and dividend yields and opened up market orders to…
NCC empowers students, others
No fewer than 60,000 administrators, students, academics and teachers have been sponsored and trained in various digital and Information Communication…
NOVA Merchant Bank records N1.65bn profit
NOVA Merchant Bank Limited says its profit after tax rose by 44 per cent to N1.65bn at the end of…
BMW releases details of its new electric car to rival Tesla
BMW released Tuesday the details of an electric concept car, with production of the vehicle expected to start in 2021.…
Zimbabwe in ‘economic and humanitarian crisis’ as IMF sounds alarm
Zimbabwe is facing an “economic and humanitarian crisis” amid a lethal cocktail of macroeconomic instability, climate shocks and policy missteps,…
Coronavirus: Cost of Chinese products in Nigeria surge
Prices of Chinese phones imported into Nigeria have reportedly risen exponentially over the past couple of weeks owing to the…
UBA records 13% earnings growth, N111bn profit
United Bank for Africa Plc, UBA, has announced its audited results for the full-year ended December 2019, recording impressive growth…
Consolidated Hallmark opens N1.05bn rights issue
Consolidated Hallmark Insurance says it has received the approval of regulators to raise an additional sum of N1.05bn to increase…
World Bank’s IFC partners Nigerian bank to boost trade with $40 million
With local businesses often complaining about the availability of credit, Coronation Merchant Bank and International Finance Corporation, an arm of World Bank, have partnered…
IFRS 17: Insurers should develop business plan — NAICOM
The National Insurance Commission, NAICOM, has charged insurance companies to develop business plan in preparation for transition to IFRS 17…
We’re committed to curbing ponzi schemes – SEC
The Securities and Exchnage Commission has reaffirmed its commitment to ensuring that illegal fund managers in the country are not…
Investment Alert: The FGN Savings Bond is now open for subscription
The Federal Government of Nigeria, through the Debt Management Office (DMO), yesterday announced the opening of the March Savings Bond Offers. According…
Petrol subsidy cost drops 22.5%
The Federal Government, through the Nigerian National Petroleum Corporation, NNPC, paid N43.09 billion as subsidy on Premium Motor Spirit, PMS,…
GTBank posts N198.85bn profit, declares N2.50 final dividend
Guaranty Bank Trust Plc has declared a profit after tax of N196.85bn for the financial year ended December 31, 2019…
DisCos earn N473 billion in 2019, reveal reason for metering gap
A report by the Association of Nigerian Electricity Distributors has shown that the Distribution Companies (DisCos) in Nigeria recorded 8% growth in…
CBN prioritises economic stability with Obiora as the new DG policy directorate
Dr. Kingsley Isitua Obiora, yesterday, in Abuja, formally assumed office as Deputy Governor of the Central Bank of Nigeria (CBN),…
Investors lose N208bn as stock market declines further
The equities market on Monday extended downward trend to seven consecutive trading days as investors continued to sell-down amidst the…