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Day: April 11, 2022

European Union Freezes Assets Of Sberbank, Its Boss, Putin’s Daughters
Local

European Union Freezes Assets Of Sberbank, Its Boss, Putin’s Daughters

The E.U freezes the assets of the boss of Russia’s top lender Sberbank, Vladimir Putin’s two daughters, and more oligarchs.…

byEkeminiApril 11, 2022April 11, 2022
GTCO Shareholders Endorse N3 Dividend Payment
Local

GTCO Shareholders Endorse N3 Dividend Payment

Shareholders of Guaranty Trust Holding Company (GTCO) have unanimously endorsed the payment of a total dividend of N3 per share…

byEkeminiApril 11, 2022April 11, 2022
Banks Fixed Deposit Rates Rise To 6.6%
Local

Banks Fixed Deposit Rates Rise To 6.6%

Interest rates on fixed deposit accounts rose to an 18-month high of 6.61 percent in February, indicating increased demand by…

byEkeminiApril 11, 2022April 11, 2022
Nigerian Government Targets 500MW From Mini-Grids, Blames Collapse On Sabotage
Local

Nigerian Government Targets 500MW From Mini-Grids, Blames Collapse On Sabotage

FG expects more than 500MW of electricity from interconnected mini-grids to be developed by the Rural Electrification Agency. FG blamed…

byakintundeApril 11, 2022April 11, 2022
Nigeria’s Non-Oil Exports Fall By 39%, Dollar Shortage May Worsen
Local

Nigeria’s Non-Oil Exports Fall By 39%, Dollar Shortage May Worsen

Nigeria’s non-oil exports have fallen by 39% from N6.914tn to N4.194tn in10 years, according to an analysis of the National…

byEkeminiApril 11, 2022April 11, 2022
E-payments Rise By 45%, N55tn Transferred In Two Months
Local

E-payments Rise By 45%, N55tn Transferred In Two Months

According to data from the Nigeria Inter-Bank Settlement System portal, about N54.98tn was processed through Nigeria’s electronic channels in the…

byakintundeApril 11, 2022April 11, 2022
Weak Digital Economy Hindering Nigeria, Other’s Growth – World Bank
Local

Weak Digital Economy Hindering Nigeria, Other’s Growth – World Bank

The World Bank has advised Nigeria and other African countries to focus on digital development as too many of Africa’s…

byakintundeApril 11, 2022April 11, 2022
Lekoil Files Winding Up Petition, Says Shareholders’ Interest Protected
Local

Lekoil Files Winding Up Petition, Says Shareholders’ Interest Protected

Lekoil Nigeria Limited has filed a petition in the Grand Court of Cayman Island Court to request a its “Just…

byakintundeApril 11, 2022April 11, 2022
CBN Finances 5 Large-Scale Agric Projects With N19.15bn
Local

CBN Finances 5 Large-Scale Agric Projects With N19.15bn

In line with its economic diversification blueprint, the Central Bank of Nigeria (CBN) released N19.15 billion to finance 5large-scale agricultural…

byakintundeApril 11, 2022April 11, 2022
Shareholders Approve New Capital Raising For Custodian Investment
Local

Shareholders Approve New Capital Raising For Custodian Investment

Shareholders of Custodian Investment Plc have authorized the board of the company to raise additional capital as part of its…

byakintundeApril 11, 2022April 11, 2022
Nigeria Generates $868m From Gas Export In 2021
Local

Nigeria Generates $868m From Gas Export In 2021

The NNPC has revealed that the country recorded about $868.5 million or N361.43 billion from gas export in 2021. The…

byakintundeApril 11, 2022April 11, 2022

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