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Day: May 22, 2023

Nigeria has not missed payments on Chinese loans, according to DMO.
Local

Nigeria has not missed payments on Chinese loans, according to DMO.

Nigeria has not defaulted on repaying its Chinese loans, contrary to what a non-governmental organization, Socio-Economic Rights and Accountability, said.…

byakintundeMay 22, 2023May 22, 2023
NGX Sanctions PZ and 17 Others for Filing Results for 2022 Late.
Business

NGX Sanctions PZ and 17 Others for Filing Results for 2022 Late.

18 listed firms were penalised N34.72 million by the Nigerian Exchange Limited (NGX) for submitting their financial accounts for the…

byakintundeMay 22, 2023May 22, 2023
The CBN prohibits the mint corporation from printing checks.
BankingFinanceLocal

The CBN prohibits the mint corporation from printing checks.

According to a recent circular, the Central Bank of Nigeria has authorized four indigenous businesses to issue checks in the…

byakintundeMay 22, 2023May 22, 2023
The World Bank will increase FG’s access to a $750 million loan.
FinanceLocal

The World Bank will increase FG’s access to a $750 million loan.

The Federal Government, on behalf of the 36 state governments and the Federal Capital Territory, is about to receive a…

byakintundeMay 22, 2023May 22, 2023
FG introduces a tribunal for advertising offenses.
Local

FG introduces a tribunal for advertising offenses.

The Advertising Offences Tribunal was established by the Federal Government to address violations of the Advertising Regulatory Council of Nigeria…

byakintundeMay 22, 2023May 22, 2023
Neimeth plans to expand its base.
BusinessHealth

Neimeth plans to expand its base.

The two significant capital initiatives Neimeth International Pharmaceuticals Plc has started are intended to increase revenue and earnings, according to…

byakintundeMay 22, 2023May 22, 2023
Assets Surge by 39% for BoI.
BusinessFinance

Assets Surge by 39% for BoI.

The Bank of Industry said its asset base rose from N1.71tn to N2.38tn in 2022 financial year – The Chairman,…

byakintundeMay 22, 2023May 22, 2023
Dangote Refinery kicks off, processing crude from three continents.
Business

Dangote Refinery kicks off, processing crude from three continents.

In order to process crude oil grades from the three continents of Africa, Asia, and America, the 650,000 barrels per…

byakintundeMay 22, 2023May 22, 2023
Nestle’s profit is eroded by higher finance costs.
Business

Nestle’s profit is eroded by higher finance costs.

Nestle Nigeria Plc reported a 16.1% increase in first-quarter revenue to N127.97 billion (Q1) ended March 31, 2023 from N110.23…

byakintundeMay 22, 2023May 22, 2023
The task before PenCom is to recover unpaid pension contributions.
Finance

The task before PenCom is to recover unpaid pension contributions.

PenCom, the National Pension Commission, ensures the recovery of unremitted pension contributions by fining businesses who fail to pay employee…

byakintundeMay 22, 2023May 22, 2023
Dangote Cement, MTN, and Others’ OPEX Reached N1.01 Trillion in Q1 as Inflation and FX Scarcity Persisted.
Business

Dangote Cement, MTN, and Others’ OPEX Reached N1.01 Trillion in Q1 as Inflation and FX Scarcity Persisted.

Due to double-digit inflation, a foreign exchange shortage made worse by the general elections, and the slow expansion of the…

byakintundeMay 22, 2023May 22, 2023

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