Investing Local Seplat Energy Plc Proposes Final Dividend Of $0.025 To Shareholders February 28, 2022 akintunde In a notice filed with the Nigerian Exchange Limited (NGX), Seplat Energy Plc has announced the payment of final dividend of $0.025 kobo per ordinary share to its shareholders. The…
Banking World Consensus Builds Up On Kicking Russia Out Of SWIFT February 28, 2022 akintunde Canada, the United States, Britain and the European Union on Friday said they could act to exclude Russia from the SWIFT global interbank payments system in a further round of…
Local Buhari, El-Rufai, KADCCIMA Extol Dangote At Trade Fair February 28, 2022 akintunde Encouraged by his huge investments and philanthropic activities in the country, President Muhammadu Buhari and his host, the Governor of Kaduna State, have hailed the President of the Dangote Group,…
Business World Ukraine: Russia Doubles Interest Rates As Rouble Falls February 28, 2022 akintunde Following the 30 per cent fall of the rouble amid Western sanctions, the Bank of Russia said, on Monday, that it raised key interest rate to 20 per cent from…
Local Market NNPC Assures Of Sufficient Petrol For Distribution Across Nigeria February 28, 2022 akintunde The Nigerian National Petroleum Company (NNPC) Limited, has assured Nigerians that it has sufficient stock of petroleum products for distribution across the country. The Company said this in a statement,…
Africa Local GNBC Partnership Will Strengthen Ghana-Nigeria Business Relations February 28, 2022 akintunde The Consul General of the Ghana High Commission, Samata Bukari, has said the increased synergy fostered by the activities of the Ghana-Nigeria Business Council will strengthen economic ties between the…
Africa Market Trade Dollar Strengthens Further Against Uganda Shilling February 28, 2022 akintunde Continued demand during Friday’s trading session led to further weakening of the Uganda shilling, with the unit closing the day at lows of 3538/3548 from opening levels of 3525/3535. Globally,…
Investing Local Market 44 Stocks Drive Market Cap To N25.51Tn February 28, 2022 akintunde The market capitalisation of equities listed on the Nigerian Exchange Limited appreciated slightly by 0.4 per cent to close at N25.51tn on Friday. The NGX All-Share Index also appreciated by…
Africa Business New Name And New Owners For Kagiso Asset Management February 28, 2022 akintunde Twenty-year-old Kagiso Asset Management is now Camissa Asset Management. The company changed its name following corporate restructuring, which saw staff acquire shares in the business. The company said its founding…
Local FG increases school feeding cost to N100/child, spend N1bn daily February 25, 2022 akintunde The Federal Government has increased the cost of feeding a primary school pupil from N70 to N100. FG sets to spend about N1bn daily to feed an estimated 10 million…
Local $1.04bn spent on fuel imports in 2021, says CBN February 25, 2022 akintunde The quantity of foreign exchange used for the importation of petroleum products into Nigeria fell to $1.04bn last year from $1.32bn in 2020, according to CBN. As the country’s refineries…
Local Bad fuel: Regulator shuts four filling stations in Anambra February 25, 2022 akintunde The Nigeria Midstream and Downstream Petroleum Regulatory Agency have suspended the operations of four filling stations in Anambra. The suspension was a result of the suspected delivery of bad Premium…
Africa Expansion into East Africa, a boon for banks, stakeholders and the region’s economy February 25, 2022 akintunde Over the past two years, the financial services sector has weathered a variety of changes directly stemming from the impact of the Covid-19 pandemic across the region. On one hand,…
Africa Market Komenda Sugar Factory acquires 20,000 acres for plantation February 25, 2022 akintunde Negotiations are almost complete to enable the Board of Directors of the Komenda Sugar Factory to acquire 20,000 acres of land suitable for growing sugar cane at Wassa Fiase for…
Africa Local Technology Nigeria exports software to other African countries, says NOTAP February 25, 2022 akintunde The Director-General of the National Office for Technology Acquisition and Promotion, DanAzumi Ibrahim, has said Nigeria is now exporting software across Africa DanAzumi Ibrahim stressed the need to develop a…
Local IMF seeks recapitalisation of banks hit by COVID-19 February 25, 2022 akintunde The International Monetary Fund yesterday advised the Federal Government and governments of other emerging economies. The International Monetary Fund advised recapitalising commercial banks whose capital were affected by COVID-19 pandemic.…
Banking Local Nigeria sues JP Morgan in London over $1.7b oil deal February 25, 2022 akintunde A London high court began to hear a lawsuit yesterday launched by Nigeria against United States bank JP Morgan Chase claiming more than $1.7 billion for its role in a…
Local BUA Foods, Notore, UPDC on track to sell controlling shares February 25, 2022 akintunde In a bid to make more of their equities available to the investing public, newly listed BUA Foods plc, Notore Chemical Industries plc, UPDC plc and Transcorp Hotels plc are…
Local MTV Base partners Tomtom to boost new programme February 25, 2022 akintunde MTV Base has announced Nigeria’s number one candy brand, TomTom, as the official sponsor of the new season of MTV Base Cypher The MTV Base Cypher is set to premieres…
Business Finance Company Income Tax Dropped By N124.71Bn In 2021 Q4 -NBS February 25, 2022 akintunde Company Income Tax (CIT) recorded a N124.71 billion decline from N472.52 billion in quarter three, 2021 to N347.81 billion in quarter four, the National Bureau of Statistics (NBS), said. The…
Africa Ghana Regains Exemplary Status In Money Laundering Fight February 25, 2022 akintunde Ghana has restored its image as an example to West African peers in the fight against the illicit flow of funds to finance illegitimate activities. It follows the country’s earlier…
Africa Finance Revenue collection has increased by 48% in the last five years February 25, 2022 akintunde The report states that revenue collection has increased from shs13.4 trillion in 2016/2017 to shs21.1 trillion in the 2020/2021 financial year. In the draft national budget for the next financial…
Africa Business Local Treasury Targets Sh50 Billion From March Bond Sale February 25, 2022 akintunde The National Treasury is seeking to raise Sh50 billion from three bond sales in March, comprising reopening of securities that were first auctioned between 2020 and last year. The government’s…
Africa Investing Market NSE Sheds Sh92Bn In A Day As Russia Invades Ukraine February 25, 2022 akintunde The market capitalisation closed at Sh2.453 trillion compared to Sh2.546 trillion on Wednesday, with Safaricom, East Africa Breweries Limited (EABL) and the big banks leading in shedding value in the…
Africa Business Kenya Set Date To Unveil Flying Taxis February 25, 2022 akintunde Kenya Airways will pilot electric vehicles that take off and land vertically to beat traffic from 2025 as part of the airline’s diversification through its new subsidiary Fahari Aviation. The…
Local Since 1973 Naira Loses10.6% Of Its Value Annually – IMF February 25, 2022 akintunde The International Monetary Fund says the long-term rate of the depreciation of the naira equates to a loss of 10.6 per cent of its value annually since 1973. According to…
Local World WHO Sets Up Hub To Train Low And Middle-Income Countries On Vaccine Production February 25, 2022 akintunde The World Health Organization (WHO) has set up a hub in South Korea to train Nigeria and other low and middle-income countries to produce their own vaccines and therapies. Nigeria…
Local Market World Nigeria’s N898Bn Wheat Imports At Risk As Russia-Ukraine Conflict Escalates February 25, 2022 akintunde Russia’s status as the largest exporter of wheat in the world is causing disquiet in many countries following its military incursion into Ukraine earlier today. Currently, wheat is one of…
Business World After Alphabet’s Stock Split, Amazon And Others Look Ripe To Split Shares February 25, 2022 akintunde Alphabet GOOGL+4.00% recently announced it is splitting its stock. It probably won’t be the only company to do so in the short term—and that’s a good thing for the stock…
Africa URA Ramps Up Crackdown On Tax Defaulters February 24, 2022 akintunde The Uganda Revenue Authority (URA) has reiterated its call to taxpayers in Kampala Metro Region to clear any outstanding taxes immediately to avoid inconveniences. This was contained in a reposted…
