National telecommunications company, Globacom, says it is offering its numerous pre-paid subscribers and potential customers 22 times the value of every recharge from N100. The telecommunications company, in a statement said “Customers who recharge with N100 will be credited with N2,200 value. They will first get the N100 recharge amount in their main account, which they can use on any Read More
Impressive half year earnings results from TOTAL (1,601 per cent growth in Profit Adter Tax (PAT)) and UNILEVER (238 per cent increase in PAT) buoyed performance in the domestic equities market, with the benchmark index recording gains on all three trading sessions for this week. The result is that market capitalisation increased by N375.5 billion in value to close at Read More
The Central Bank of Nigeria (CBN), has promised to launch its digital currency on October 1 following an advice by the Vice President Yemi Osinbajo that cryptocurrency should be regulated not banned. The decision to launch its digital currency was reached during a private webinar recently in which the CBN said about 80 per cent of central banks worldwide are Read More
Analysts are of the opinion that, the Central Bank of Nigeria (CBN)’ Monetary Policy Committee (MPC) is likely to retain the policy parameters as the committee begins its meeting today. According to them, since the second quarter of 2021 Gross Domestic Product (GDP) performance numbers are yet to be released, the committee members may not have much to work with. Read More
Poor macroeconomic conditions such as high misery index, sluggish growth and fast spread of the delta variant is responsible for the protests that have hit tow African giants – Nigeria and South Africa, Bismarck Rewane, Chief Operating Officer (COO) of Financial Derivatives Company Limited (FDC) has said. South Africa is currently facing a third wave of the virus, while Nigeria Read More
The leading pan-African banking group, Ecobank group, in partnership with Microsoft, LinkedIn, GitHub and Ecobank Academy is set to provide training to equip Small and Medium-sized Enterprises (SMEs) across sub-Saharan Africa. This training will provide SMEs digital skills and knowledge to succeed in today’s digital world. The Group Executive, Commercial Banking for the Ecobank Group, Josephine Anan-Ankomah. said: “The COVID-19 Read More
A Legal Practitioner, Mr Ebenezer Amadi has said that the establishment of the African Continental Free Trade Area (AfCFTA) was set to boost the trade and economic growth of Africa and to strengthen integration among African country. Amadi who is a Business Lawyer in his report said AfCFTA was set to create a liberalized market for goods and services through Read More
Minister of Science and Technology, Dr. Ogbonnaya Onu, has said that strategic partnership with the Media on Science, Technology and Innovation STI development is the key to move the country from resource to knowledge based economy. The Minister said this when the Leadership Newspaper group paid him a courtesy visit in his office, on Friday in Abuja. Onu stated that Read More
The federal government has approved the extension of the deadline for NIN-SIM data verification to October 31, 2021. The decision to extend the deadline was made following a request by stakeholders to accommodate registration in hard-to-reach remote areas, foreigners and diplomatic missions, diaspora and address low enrolments in schools and hospitals, as evidenced by enrolment statistics. It also followed a review Read More
Over the years, it is believed that increasing use of fertilizers is key for raising agricultural productivity and reducing poverty, but experts have raised concern over the health and environmental implications of using chemical fertilizers, JOHN OBA reports. Fertilizer For many farmers in Nigeria, the use of chemical fertilizer like Nitrogen, NPK etc is essential to increased yield, but evidence Read More
Former President, Dr. Goodluck Jonathan, has said great opportunities abound in Bayelsa State for foreign investors. The former Nigerian leader stated this at a state banquet organised by the Bayelsa state government in honour of the South Korean Ambassador to Nigeria, Kim Young-Chae, on Friday night in Yenagoa. Amb. Young-Chae was on a two-day visit to the state. Describing Bayelsa Read More
The runway of the Ilorin International Airport has been closed to traffic moment after an aircraft in the fleet of one of the major airlines in the country crash landed. Many passengers, including some highly-placed Nigerians, narrowly escaped death, The Nation reports. Already, all the traumatised passengers have been successfully evacuated, while efforts are still to clear the aircraft from Read More
The National Industrial Court, Abuja Judicial Division has stopped the National Nigeria Civil Service Union (NCSU) from either picketing the offices of the Federal Inland Revenue Service (FIRS) nationwide or calling for a strike at any of the Service’s offices across Nigeria. Justice O. Y. Anuwe issued the order of interim injunction on Friday in a suit which the FIRS Read More
Last week, the National Bureau of Statistics (NBS) released its Consumer Price Index report for the month of June and, surprisingly, it showed that inflation rates had dropped. It has got many Nigerians wondering over the correctness or otherwise of the report as prices of goods and services continue to soar; BENJAMIN UMUTEME reports. For several months, prices of goods Read More
Patricia Technologies Limited is proud to announce that we have moved our operations to the Republic of Estonia, with our headquarters now domiciled in the Northern European country. This global movement is set to strengthen our relationships with marketers and agencies in the global crypto markets, whilst also positioning us as the leading cryptocurrency trading company in Nigeria, Africa, and Europe. This recent development is accompanied by Read More
Esther Toko could only qualify for the repechage stage of the women’s single sculls event in the rowing competition at the Tokyo Olympic Games on Friday. Toko who was on lane five of the six-woman heat one of the event’s opening round at Sea Forest Waterway could only finish fifth in eight minutes 58.49 seconds. The 21-year-old was 1:08.78 behind Read More
Scores of domestic passengers on Wednesday protested the delay of their flight by Air Peace at the Murtala Muhammad Local Airport in Lagos. The passengers lamented that their flight was postponed without prior notice by the airline from 8am till 8pm. This is coming a few days after the Federal Government said airline operators in the country must refund the Read More
Minister of Transportation, Chibuike Rotimi Amaechi was at the Lekki Deep Sea Port under construction, recently to ascertain the progress of work, he spoke to SULEIMAN IDRIS on the sideline of the tour. Your view on what you have seen so far? I am not a technical person, for me as a lay man, what I see is paramount and Read More
Trading activities on the floor of Nigerian Exchange yesterday took positive trend, gaining N330 billion as some listed companies released their second quarter financial scorecard and interim dividend. Soecifically, Market Capitalisation of listed equities increased by 1.67 per cent to N20.103 trillion from N19.773 trillion it opened on Monday. The Nigeria Exchange All Share Index also appreciated by 632.87 basis Read More
Oil prices slipped on yesterday after an unexpected rise in U.S. crude oil inventories and as rising COVID-19 infections threaten demand, but prices held on to most of their gains from the previous session on expectations that supplies will remain tight through year-end. Brent crude fell 11 cents, or 0.2 per cent to $72.12 a barrel after rising 4.2 per Read More
The Convener of the Abuja International Housing Show (AIHS), Barrister Festus Adebayo, Thursday, disclosed that the Minister of the Federal Capital Territory (FCT), Mallam Mohammed Musa Bello, the Minister of Works and Housing, Mr Babatunde Fashola and other dignitaries from within and outside Nigeria are expected to attend this year’s event. Addressing a press conference in Abuja to herald the Read More
First Bank of Nigeria Limited is set to celebrate its 2021Corporate Responsibility and Sustainability Week (CR&S Week). The bank yearly CR&S Week is a dedicated week designed special to offer FirstBank staff, customers, and the public opportunities to demonstrate the human kindness that flows in them. It seeks to amplify FirstBank’s innate culture of giving and volunteering as stated in Read More
Former Imo State Commissioner for Finance, and the National President of Capital Market Academics of Nigeria, Professor Uche Uwaleke, says given the major drivers of inflation in Nigeria, the federal government has a major role to play in line with the fiscal theory of the price level. In an essay: ‘Near-term Inflation Outlook: Bleak Prognosis’, which he made available Read More
Financial Instutions Training Centre (FITC), the world-class, innovation-led and technology-driven knowledge institution is set to deliver a virtual Board Leadership Programme. The themed of the training “Developing Board Competencies and Leadership Mindset for Board Effectiveness and Business Growth’ will hold between Thursday 29th and Friday 30th of July, 2021. The FITC Board Leadership programme is aimed at exploring and deepening Read More
Standard Alliance and Nigerian Insurers Association (NIA) are at loggerheads following the suspension of the company from the group. It would be recalled that the Nigeria Insurance Association (NIA) had last month expelled Standard Alliance and two others following their alleged inability to pay claims to policy holders. NIA Chairman, Mr. Ganiyu Musa, had, while briefing reporters on developments, stated Read More
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