Niger-Basin project to improve 130 million lives
The Federal government says no fewer than 130 million people will benefit from the Niger-Basin project when it is completed.The Minister of Water Resources, Mr Suleiman Adamu, at the opening of the...
View ArticleNSE: Market capitalisation swings to N11.99bn
Trading in the nation’s equity market trended upwards last week with value of investments appreciating by N140 billion .Market capitalization of listed equities appreciated by 1.19 per cent to N11.989...
View ArticleAfDB gives $50m to Fidelity bank for SMEs
The African Development Bank (AfDB) has approved a $50 million line of credit to Nigeria’s Fidelity Bank Plc to support small and medium sized. The money is also meant to support women-owned...
View ArticleOsinbajo to flag off Rimson’s Risk Management Conference
The Vice President, Prof Yemi Osinbajo is to flag off the 2018 national conference of the Risk Management Society of Nigeria (RIMSON).RIMSON is the pioneer risk management society in Nigeria. The...
View ArticleNSE: Market capitalisation up by N84bn
Investment in the nation’s equity market Tuesday sustained it’s growth profile with market capitalisation increased by N84 billion. The Nigerian Stock Exchange (NSE) trading result Tuesday showed that...
View ArticleAccess Bank unveils N62.9bn Profit In Q3
Access Bank Plc has announced top line earnings of ₦375.2 billion for the nine months ended 30 September 2018, up 3% from N365.1 billion recorded during the corresponding period in 2017. The Bank’s...
View ArticleAirtel Africa mobilises $1.25bn from six investors
Airtel Africa Ltd, a subsidiary of India’s Bharti Airtel Ltd has raised $1.25 billion in loan from six global investors including SoftBank Group Corp, Warburg Pincus LLC and Temasek Holdings (Private)...
View ArticleFG to amend Finance Control Management Act
FAVOUR SHUAIB, Abuja. In addition to the implementation of the Public Finance Management Reforms , the Federal government is working hard towards the amendment of the financial (Control Management) Act...
View ArticleFidelity Bank’s 9 months profits soar to N20bn
Lagos Nigeria: October 25, 2018: Fidelity Bank Plc has posted an impressive financial performance for the 3rd Quarter of 2018 and is on course to finishing strong in the 2018 financial year. Details of...
View ArticleActive mobile lines jumps to 162m
The Nigerian Communications Commission (NCC) says active mobile telephone lines in Nigeria increased to 162,032,053 in September. NCC made this known in its Monthly Subscriber/Operator Data posted on...
View ArticleHeritage Bank partners Rivers in driving arts, culture as key contributor to GDP
COMFORT EKELEME Heritage Bank Plc affirmed that it will continue to partner River State Government in an effort to make art and culture a unifying factor and major earner to the contribution of Gross...
View ArticleBudgIT says $10bn rise in public debt stock not the full story
COMFORT EKELEME BudgIT has taken a cursory look at the recent declaration by the Vice President, Prof. Yemi Osinbajo that Nigeria’s public debt stock rose by only $10billion concluding that the...
View ArticleBPE favours privatisation to borrowing to fund budget
UGO AMADI The Director General of Bureau of Public Enterprises, BPE, Alex Okoh, has said that the fiscal policy will do better from raising budgetary funding from privatization. Affirming that the BPE...
View ArticleNaira closes at N363.32 to dollar at investors’ window
The naira, Tuesday closed at N363.32 to the dollar at the investors’ window while market turnover at the window stood at 51.14 million dollars. At the official Central Bank of Nigeria (CBN) window, the...
View ArticleBPE to conduct Impact Assessment on some selected Privatised Enterprises
PAULETTE ORJIME- Abuja THE Bureau of Public Enterprises (BPE) in collaboration with the National Bureau of Statistics (NBS) and Nigeria Institute of Social and Economics Research (NISER) is set to...
View ArticleFG flags off new tariff regime on TSA
The federal government has indicated that, from November 1 2018, the service charge on all payment to its ministries, departments and agencies [MDAs] would be borne by the payer. In line with the...
View ArticleMinister tasks stakeholders on professionalism
PAULETTE ORJIME- Abuja THE minister of Finance, Mrs. Zainab Shamsuna Ahmed has charged the new commissioners of the Task Appeal Tribunal (TAT) with high level of professionalism. Ahmed made this call...
View ArticleFIRS generates N4.3trn tax revenue from Jan to Oct – Fowler
The Federal Inland Revenue Service, FIRS, on Friday said it generated N4.3 trillion as tax revenue between January and October this year. FIRS Executive Chairman, Babatunde Fowler, disclosed this...
View ArticleBPE expedites initial public offer
PAULETTE ORJIME- Abuja THE Bureau of Public Enterprises (BPE) has facilitated the first Initial Public Offer (IPO) in four years.The public offer which opens on Monday, November 12 and closes on...
View ArticleDiamond Bank denies being in talks for merger, acquisition
Diamond Bank has reacted to speculations in a section of the media that the bank is purportedly in discussions with Access Bank Plc to acquire the bank. The bank, in a statement issued on Monday, was...
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