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Africa
Nigeria: FG to Pay Arrears of Minimum Wage To Varsity Staff October
The federal government has given an undertaken to clear the arrears of the consequential adjustment on the new…
Nigeria: Elevated CRR Level Moderated Banking Industry’s Performance, Liquidity…
The Nigerian banking industry would have recorded a return on average equity (ROE) of 31.6 per cent if not for the…
Nigeria:CIBN Canvasses Tax Expansion To Improve Revenue
The Chartered Institute of Bankers of Nigeria (CIBN), Lagos State chapter has suggested the restructuring of…
Nigeria’s GDP Grows Further By 5.01% In Q2 2021
Nigeria’s Gross Domestic Product (GDP) grew by 5.01% (year-on-year) in real terms in the second quarter of 2021,…
Nigeria: Troubles Ahead, Experts Warn As Debt Servicing Gulps 91% Of Revenue
The Federal Government spent N2.02tn on debt servicing in the first six months of this year.
This figure…
Nigeria: NNPC Records N287bn As 2020 PAT
President Muhammadu Buhari, has announced a N287 billion profit after tax for the Nigerian National Petroleum…
Nigeria:Stock Market Rebounds As Capitalisation Rises By N15 Billion
As price gains outweighed losses, transactions on the equities sector of the Nigerian Exchange Limited (NGX) closed…
Telecoms: Nigeria’s Data Usage Rises By 202% In Three Years
Data usage in Nigeria surged by 202.08 per cent in three years, according to data from the Nigerian Communications…
Nigeria: Importation Of Petroleum Products Will Soon Be Over
Nigerian National Petroleum Corporation (NNPC), yesterday, assured Nigerians that the importation of petroleum…
Nigeria: Stakeholders Proffer Solution To Better Intra-African Trade
As Africa gears toward the implementation of the African Continental Free Trade Area (AfCFTA) agreement,…
Nigeria: CBN Threatens Prosecution Of Forex Policy Defaulters
Banks have warned that defaulters of the new foreign exchange policy may face criminal prosecution by the Central…
Nigeria: At N513m, Securities Lending On NGX Hits Historical Record
The Nigerian Exchange (NGX) Limited has disclosed that value of Securities Lending market increased to…
South Africa Rebases GDP, Revises Economic Growth Figures
South Africa has rebased its gross domestic product (GDP) survey, with the new data showing the economy was 11%…
Ghana’s Currency Heads For Weakest-Ever Close Vs Dollar
The biggest injection of dollars yet by Ghana’s central bank failed to stem the cedi’s slide on Wednesday amid a…
Nigeria: Globacom Redefines TV Viewing With Glo TV Launch
In a bold step to redefine television viewing experience for all Nigerians, Globacom has announced the launch of …
Nigeria: FG, States, LGAs To Get New Revenue Formula This Year –RMAFC
Twenty-eight years after the last revenue sharing formula was introduced, the Chairman of Revenue Mobilisation…
Nigeria: FG Releases N1.3trn To Fund 2021 Capital Budget
The federal government has released N1.3 trillion to fund part of the 2021 capital expenditure budget of its…
Nigeria: Reps Direct PPPRA To Produce Consumption, Revenue Remittances Records
The House of Representatives committee on Finance has directed the Pipeline Products Pricing Regulatory Agency…
Nigeria: Ending Subsidies Puts Nigeria On Fiscal Sustainability Path
A former Governor of the Central Bank of Nigeria (CBN) and a former Emir of Kano, Sanusi Lamido Sanusi, has called…
Nigeria: Facebook Extends Marketplace Initiatives To 37 SSA Countries
Facebook has extended its marketplace initiatives to 37 countries and territories in sub-Saharan Africa. Already…
South Africa, Namibia, Nigeria Top Global Unemployment Rates – Report
Nigeria has the third highest unemployment rate at 33.3 per cent, while South Africa has the highest rate among a…
Nigeria: NGX Securities Lending Market Value Rises To N513m
According to NGX’s most recent report, there has been an uptick in stakeholders’ participation as 2.3 million units…
Nigeria: Capitalisation Rises By N13 Billion As NGX Marks Diamond Jubilee
Despite price losses that outweighed gains, the bulls upstaged the bears at the end of yesterday’s transactions on…
Nigeria: LivingTrust Mortgage Bank To Offer 750 Million Shares
LivingTrust Mortgage Bank Plc has announced that it will offer 750 million ordinary shares to the public to address…
Nigeria: Collaboration Between Registrars And Capital Market Operators, Key To…
Collaboration between Registrars and Capital Market Operators is vital to reducing the high cases of Unclaimed…
Nigeria: FG Earned N1tn from Digital Economy in Two Years, 5G 95% Ready For…
The Minister of Communication and Digital Economy, Dr. Isa Pantami, yesterday said the communication and digital…
Nigeria: 1.2 Million Subscribers Changed Mobile Service Providers – NCC
The number of subscribers that left their mobile telecommunications service providers for other mobile networks…
IMF’s $650bn Reserves Liquidity Support For Nigeria, Others Takes Off
The International Monetary Fund (IMF) has announced the take-off of its $650 billion set aside under its special…
Nigeria: FG To Unveil Five-Year Development Plan In October
The Federal government on Monday disclosed plans to unveil the Medium-Term National Development Plan 2021-2025 in…
Fintech Has The Potential To Change The Capital Market – NGX
Nigeria’s financial technology companies have a huge potential to transform the capital markets and effectively…