Saturday, September 24, 2022

UBA: Elumelu Assures Investors, Shareholders Of Sustained Growth

News Investigators/ United Bank for Africa Plc (UBA) on Thursday assured shareholders and investors of its unwavering commitment to sustain its current...

FG Adamant, Says Collection Of VAT By FIRS Remains

News Investigators/ The Federal Government says the Federal Inland Revenue Service (FIRS) will continue to collect Value Added Tax (VAT) following the...

China’s Commerce Minister Pledges Better Service For Foreign Enterprises

News Investigators/ China’s Minister of Commerce, Wang Wentao, has pledged to enhance communication with foreign enterprises and chambers of commerce and provide...

Nigeria Spends $6.1Bn Yearly On Wheat Importation –WFAN

News Investigators/ The Wheat Farmers Association of Nigeria (WFAN) says about $6.1 billion is spent yearly to import wheat into Nigeria.

NSE Moves 250.92m Shares Worth N2.79bn In Negative Trading

News Investigators/ The Nigerian Stock Exchange on Friday moved 250.92 million shares valued at N2.79 billion in 3,746 deals in a negative...

Crude Price Rises Amid Fears Of Slow EU, US Demand Recovery

News Investigators/ Oil prices rose more than one per cent, on Wednesday, as investors sought bargains following the previous day’s slump.

FG To Support MSMEs With $1bn Syndicated Loan —Trade minister

News Investigators/ The Bank of Industry (BoI), under the supervision of the Ministry of Industry, Trade and Investment, has secured a $1...

Africa Remains Attractive Business Destination –Former Guinness MD

News Investigators/ A former Managing Director, Guinness Nigeria Plc, Seni Adetu, says Africa as an emerging market remains an attractive business destination.This,...

WTO: OPEC Hails Okonjo-Iweala Appointment

News Investigators/ The Organisation of Petroleum Exporting Countries (OPEC), has congratulated Ngozi Okonjo-Iweala, on her appointment as the Director-General of the World...

Valentine: Access Bank Unveils Offers To Celebrate Customers

News Incestigators/ Access Bank has unveiled series of offers to celebrate its customers to mark 2021 Valentine season with a campaign tagged...

Total To Change Name To TotalEnergies Under Transformation Strategy

News Investigators/ France’s oil company, Total, said on Tuesday that it intended to change its name to TotalEnergies, as part of the...

Cryptocurrency Ban: Experts Optimistic Of Stock Market Rebound

News Investigators/ Capital Market experts on Monday expressed optimism that the ban on cryptocurrencies by the Central Bank of Nigeria (CBN) would...

Airtel Commences NIN Registration In Retail Outlets Across Nigeria

News Investigators/ Airtel Nigeria, a telecommunications service provider on Thursday says it has commenced the National Identity Number (NIN) registration exercise in...

Toyota Beats Volkswagen In 2020 Global Car Sales

News Investigators/ Toyota Motor sold more vehicles worldwide than Volkswagen in 2020, dethroning the German rival as the world’s largest carmaker for...

NSE Records First Week Loss, Down 0.86%

News Investigators/ The Nigerian Stock Exchange (NSE) on Friday recorded its first loss for the week, dropping by 0.86 per cent due...

UBA Unveils Products To Drive Retail Banking

News Investigators/ The United Bank for Africa (UBA) Plc, on Friday in Lagos, committed to delivering superior and innovative banking solutions to...

AfCFTA: Stakeholders Say Access To Finance, Information Biggest Challenges For African Businesswomen

News Investigators/ Advocates of women entrepreneurs have identified inadequate finance and information as topmost challenges among the leading Non-Tariff Barriers (NTBs) facing...

NCC Set To Review Cost Of International Voice Calls Services

News Investigators/ The Nigerian Communications Commission (NCC) is set to commence a cost-based review to determine new pricing regime for mobile International...

EU Lacks Unity To Mitigate Chinese Investment Risks –Report

News Investigators/ The European Union (EU) lacks strategic and unified approach to Chinese investment among members, to effectively mitigate risks, such as...

2030 Agenda: NSE Boss Urges West Africa To Embrace Green Bond Finance

News Investigators/ The Nigerian Stock Exchange (NSE) on Friday urged West African countries to shift and scale up green bond finance and...

Full Economic Recovery May Require Coronavirus Vaccine, Says U.S. Federal Reserve Chief

News Investigators/ A full U.S. economic recovery might require a coronavirus vaccine and could take more than a year, Federal Reserve chairman...

Debtors Africa, Proshare, Unveil Searchable Database On Delinquent Debtors

News Investigators/ Debtors Africa, in partnership with Proshare, have launched an independent searchable database of recalcitrant and delinquent debtors in Africa.

COVID-19: CreditRegistry Offers Free N25m Credit To Lenders

News Investigators/ CreditRegistry, a credit bureau, says it is offering lenders free usage of its premium credit reporting service to cushion the...

COVID-19: Ramaphosa, Sirleaf Laud AfDB’s Adesina For Visionary Leadership

News Investigators/ South Africa’s President, Cyril Ramaphosa and former Liberian President, Ellen Sirleaf have commended Akinwumi Adesina, President of the African Development...

Macroeconomic Dev Fear Grips Nigerian Businesses -Survey

News Investigators/ Palpable concern about risks in macroeconomic developments rises from #9 to #1 in Nigeria as the economy showed no sign...

Oil Price Falls Amid US, China Tensions

(News Investigators)/ Oil prices fell for a second day on Thursday after official data showed U.S. crude and gasoline stocks rose and...

Ghana’s Springfield Oil Discovery Is Historic For Local Content In Africa

(News Investigators)/ The soon-to-be-announced deep water oil discovery offshore Ghana by independent Springfield Group is historic for Ghana and Africa’s local content. Not only...

50m Commuters Used BRT In 10 Months, Says MD

(News Investigators)/ The operators of Bus Rapid Transit (BRT) in Lagos, Primero Transport Services Limited, says about 50 million commuters used the...

FG Restates Commitment To Strengthen Trade Relations With Poland

The Minister of Industry, Trade and Investment, Mr Adeniyi Adebayo has reiterated Federal Government’s committment to strengthen relationship between Nigeria and Poland...

Nigeria’s Livestock Industry Worth Over N30 Trillion, Says Minister

Livestocks (News Investigators)/ Nigeria’s Minister of Agriculture, Muhammad Sabo-Nanono, on Thursday, says Nigerians breed over N30 trillion worth...

New Orders Fuel Kenya’s Private Sector Activity In Sept–PMI

Kenya’s private sector activity grew for the fifth straight month in September, boosted by an increase in new orders for businesses, a...

AfDB Commends Nigeria’s Resilience, Entrepreneurial Skills

The African Development Bank (AfDB) has commended Nigerians for their resilience and entrepreneurial skills in the 59 years of the country’s existence.

NNPC Targets China To Boost Crude Oil Reserves

(NEWS INVESTIGATORS) The Nigerian National Petroleum Corporation (NNPC) says strategic partnership and new investments in the Upstream Petroleum Sector are essential to...

Access Bank Introduces Loan For Smartphone Purchase

(NEWS INVESTIGATORS) Access Bank has introduced a financing scheme for procurement of phones for more Nigerians to get connected to more businesses...

Resuscitate Warri Port now To Boost Economy – Okowa Tasks FG

(NEWS INVESTIGATOR) Gov. Ifeanyi Okowa of Delta, on Wednesday in Asaba, stressed the need for the Federal Government to resuscitate Warri Port.

Insufficient Power Supply, High Interest Rate, Others Constrained Business Activities In July -CBN

Governor of Central Bank The Central Bank of Nigeria (CBN) says some firms in the country have identified insufficient power...

Russia Offers Gas Transit Agreement Extension to Ukraine

Russian energy minister Aleksander Novak has said that Russia has offered Ukraine the opportunity to extend an existing gas transit agreement to the end of 2021.

DMO Says N145bn July Bond receives 207.6% subscription

The Debt Management Office (DMO) says the N145 billion offered for three instruments in the July bond auction received a total value of N301.02 billion, indicating a subscription level of 207.6 per cent.

CBN Partners Churches, Mosques On Financial Literacy

Central Bank of Nigeria (News Investigators)/ Central Bank of Nigeria (CBN) on Friday said it is in partnership...

Kenyan, Chinese Banks Launch Initiative To Boost Sino-Africa Trade

Kenya’s Stanbic Bank and the Industrial and Commercial Bank of China (ICBC) launched an initiative in Kenya on Wednesday to boost China-Africa trade.

CBN Injects $210m In Forex Market

The interbank segment of the Nigerian foreign exchange market received a fresh boost of 210 million dollars from the Central Bank of Nigeria (CBN) on Tuesday.

NSE Market Indices Drop Further By 0.51% On Sell Pressure

(News Investigators)/ The crucial market indicators of the Nigerian Stock Exchange (NSE) sustained downward mood, dropping further by 0.51...

MTN Nigeria Slashes Data Prices

(News Investigators)/ MTN Nigeria on Wednesday announced a price slash across all its data plans and offerings,...

We Will Reposition NNPC To Global Company Of Excellence -GMD

Mele Kyari (News Investigators)/ The newly appointed Group Managing Director of Nigerian National Petroleum Corporation (NNPC)...

Economic Growth: Nigeria’s New Trade Policy Guarantees Incentives, Lift Restrictions For Farmers

President Muhammadu Buhari By Sadiq Umar - The Federal Government says it is reviewing the country’s Trade Policy...

Pulling Down Non-Tariff Barriers Alone ‘ll Spur 53% Trade, Adesina Tells African Leaders

Akinwunmi Adesina (News Investigators) /President of African Development Bank (AfDB), Akinwunmi Adesina has urged African governments to work...

Bank CEOs Vow To “Shame” Chronic Debtors, Mute Publishing Names

Godwin Emefiele (News Investigators)/Chief Executive Officers of Commercial Banks across the country have resolved to share details of...

Buhari Signs N8.916 Trillion Budget Into Law

President Muhammadu Buhari (News Investigators)/President Muhammadu Buhari on Monday signed into law the sum of N8.916 trillion being...

Nigeria, Others Spend $5.2 Trillion On Fuel Subsidy In 4-Yrs -IMF Boss

Christine Lagarde By Sadiq Umar - The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has faulted government...

Udoma Udo Udoma Predicts Steady Economic Growth In 2019

Minister of Budget Planning (News Investigators) /The Minister of Budget and National Planning, Udoma Udo Udoma, is optimistic that the...

ADB Approves $14.12 Million To Support Nigeria’s Membership In ATI

Okechukwu Enelamah The African Development Bank Group, through its Trade Finance operations, has approved a US$14.12 million facility...

FIRS Nets N5.32Trillion Revenue Collection In 2018

FIRS The Federal Inland Revenue Service (FIRS) says it collected a total sum of N5.32 trillion in 2018, the highest...

FG, States, LGAs Share N698.7 Billion Sept Allocation

(News Investigators) /The Federal Government and its federating states and local governments on Thursday shared N698.7 billion as statutory allocation from the federation account...

Buhari Proposes N8.73 Trillion Budget For 2019

The Federal Government has proposed a total of N8.73tr for 2019 budget, just as it planned to submit the Medium Term Expenditure Framework (MTEF)...

FEC Approves $2.9 Billion Eurobond, Appoints CitiBank, Standard Chartered, Others For Transactions

The Federal Executive Council (FEC) on Wednesday approved $2.9billion Eurobond as part of the external borrowing plan to finance capital projects across the country. The...

Senate, Reps Resume Plenary, Adjourn Over Funke Adedoyin Death

(News Investigators) The National Assembly Tuesday resumed plenary after its 10weeks vacation, even as it adjourned sitting in memory one of its own, Funke...

World Bank Cuts Sub-Saharan Africa Growth To 2.7% In 2018

By Mazino Dickson - The World Bank has cut its forecast for growth of sub-Saharan Africa in 2018 to 2.7 per cent. This is down...

Debt: 60 Percent Of Nigeria’s Earning May Soon Go For Debt Servicing -Report

(News Investigators) /The 2014 oil price crash decimated Nigeria’s revenue stream. In 2012, revenues totaled ₦10.1 trillion, with ₦8.1 trillion coming from oil; by...

FOCAC: Nigeria, China To Sign $328 Million Agreement On ICT Dev., In Addition To...

By Nuel Suji - President Muhammadu Buhari on Saturday arrived Beijing, China’s capital where he is expected to join his Chinese counterpart, Xi Jingping,...

FOREX: CBN Injects USD, Chinese Yuan Into Interbank Market

By Nuel Suji - The Central Bank of Nigeria (CBN) has injected the sum $340, 507, 376.51 into the interbank retail secondary market intervention...

Buhari Signs N9.12 Trillion Money Bill, Laments NASS’ Cut In Budget 2018

By Sadiq Umar - President Muhammadu Buhari on Wednesday lamented the reduction of capital allocations in the 2018 budget by the National Assembly, even...

Report Any Bank That Denies You Forex, CBN Tells Customers

By Sadiq Umar - The Central Bank of Nigeria (CBN) has called on the public to report any bank that refuses to grant their...

Budget 2018: NASS Passes N9.12 Trillion Appropriation, Saraki Hails Increase In Health Allocations

By Nuel Suji - The National Assembly on Wednesday passed the 2018 budget after seven months with an increase of N500 billion. President Muhammadu Buhari...

Nigeria, China Sign Currency Exchange Deal To Ease Business Transaction

By Nuel Suji - The Central Bank of Nigeria (CBN) and the Peoples Bank of China (PBoC), have signed a bilateral currency exchange deal...

FG, International Consortium Sign Interim Phase Agreement For Rail Concession

By News Investigators - The Nigerian government on Friday signed an agreement with a foreign Consortium to proceed with the Interim Phase of the...

“No Fire Incident At CBN Head Office” -Okorafor

By Nuel Suji - The Central Bank of Nigeria (CBN) has dismissed as untrue, reports that its head office in Abuja was engulfed in...

Nigeria’s Inflation Rate Drops To 13.34 Percent

By Nuel Suji - Nigeria’s inflation figure has dropped to 13.34 per cent, making it 0.99 percent less than the 14.33 figure recorded in...

Access Bank Introduces PayDay Loan On USSD Code *901*11#

By News Investigators - In a bid to provide quicker and instant access to loans for employees, Access Bank Plc has launched PayDay Loan, Nigeria’s...

Unity Bank’s $1Billion Loan Talks With Milost Collapsed

By News Investigators- Milost Global Inc. has jettison its plan to provide $1 billion to Nigeria’s Unity Bank Plc, saying it received threats that...

Senate Rejects $350M Foreign Loan Request For Kaduna, Lawmakers Say It’s “Misplaced, Unimportant”

By Nuel Suji - The Senate on Thursday rejected a $350million foreign loan request for Kaduna State government, with lawmakers describing the request as...

PaySend Partners Access Bank To Spread FinTech Revolution In Africa

By News Investigators - PaySend, the money transfer company has continued to bring a new generation of money transfers to the African market through...

JUST IN: NASS Agrees To Pass 2018 Budget April 24

By Nuel Suji - Speaker of Nigeria’s House of Representatives, Yakubu Dogara says the two chambers of National Assembly have resolved to pass the...

UBA, China’s Dev. Bank Sign $100M Financing Deal

ABUJA/(News Investigators) - United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution,...

Fitch Upgrades Access Bank’s National Rating To ‘A+, CEO, Wigwe Hails Performance

By Nuel Suji - Fitch Ratings, a leading global rating agency, has upgraded Access Bank’s National Long-Term Rating to 'A+ from 'A. Even as...

Access Bank Approves Paternity Leave For Employees

By Nuel Suji - Starting January 2018, male employees of Access Bank Plc can take advantage of an enhanced parental leave policy that extends paid...

Nigeria To Maintain Leading Role In AfDB -Osinbajo

By Nuel Suji - Nigeria’s Vice President, Yemi Osinbajo says the country will continue to play a leading role in the African Development Bank...

Access Bank Upgrades Ombudsman To Boost Dispute Resolution

Consistent with its reputation for adopting best practices in all facets of its operations, Access Bank Plc has upgraded its customer service function, Ombudsman,...

Dangote Partners With Jumia To Sell Cement Online

By Nuel Suji - In a new move designed to reduce price and ease logistics inherent in the purchase of its products, the management...

Kigame, Elumelu To Feature At 2017 Entrepreneur Forum In Standford

(News Investigators)Founder of the $100m Entrepreneurship Programme and chairman, Heirs Holding,Tony Elumelu,  will be headlining the Young Entrepreneurship Day (YED) at the Africa 2017...

Joseph Makoju Takes Over Dangote Cement As Ag. MD/CEO

By Nuel Suji - Dangote Cement has announced the appointment of Joseph Makoju as its acting Managing Director and Chief Executive Officer, just as...

AfDB Seeks Global Support For Africa’s Young Farmers, Says Next Billionaires ‘ll Emerge From...

By (News Investigators) -The African Development Bank (AfDB) has called for global support for Africa’s young farmers and “agripreneurs”, noting that agribusiness is the...

Buhari Appoints Aisha Ahmad CBN Dep. Gov.

By Sadiq Umar - President Muhammadu Buhari has approved the appointment of Aisha Ahmad as Deputy Governor of the Central Bank of Nigeria (CBN). Mrs...

Africa’s $68bn Infrastructure Finance Gap: Elumelu Calls For Coherent, Coordinated Approach By African Govts

By Nuel Suji - Chairman of Heirs Holdings, Tony Elumelu, has stressed the need for a coherent and coordinated approach to mobilize institutional investors...

Inflation Down To 16.05 Percent In July, Says NBS

By Sadiq Umar - Nigeria’s headline inflation has again reduced to 16.05 percent (year on year), July 2017, compared to 16.10 percent in June...

Dangote Signs $450million Jumbo Sugar Production MoU With Niger

By Nuel Suji - In another bold move for self-sufficiency in sugar production through the government’s backward integration policy, the Pan African Conglomerate, Dangote...

Nigeria, Africa’s Largest Economy, Adopts 3 Word Addresses To Improve NIPOST

By Nuel Suji - Nigeria’s postal service, NIPOST, has just announced its adoption of the innovative global addressing system what3words. Nigeria is the seventh country...

Nigeria’s Okechukwu Enelamah Elected Vice Chairperson, Africa, WTO Ministerial Conference

By Nuel Suji - Nigeria’s minister of Industry, Trade and Investment, Okechukwu Enelamah, has been elected the Vice-Chairperson representing Africa, for the 11th World...

Half Year: Dangote Cement Records 12.6% Sales Increase Across Africa

By Nuel Suji - Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting...

OPEC Says More Libya, Nigeria Oil Is Needed

BLOOMBERG: Limiting oil output from Nigeria and Libya won’t be on the agenda when OPEC and other producers meet on Monday, with both African...

Take Advantage Of VAIDS Now, Magnus Nmonwu Tells Company Owners

By Sadiq Umar - Nigerian companies and entrepreneurs that do not have their tax affairs in order should act now to take advantage of...

Agusto Upgrades Access Bank’s Rating To Aa-

(News Investigators)- In its recent rating review of Access Bank Plc, foremost rating agency in Nigeria, Agusto & Co, has raised the Bank’s rating...

CBN, NCC Wade Into Etisalat Loan Dispute

By Sadiq Umar - The Central Bank of Nigeria (CBN) has and the Nigeria Communications Commission (NCC) have intervened in the crisis between Etisalat...

20 Families Receive Special Surprises In Access Bank’s Family Fortune Promo

(News Investigators) As part of its commitment to reward participants with exciting prizes in its ongoing ‘Family Fortune Promo’, Access Bank Plc has delighted...

Buhari Backed Osinbajo To Sign Budget 2017 Into Law, Says Presidency

By Sadiq Umar - Nigeria’s acting President, Yemi Osinbajo has signed the 2017 Appropriation Bill into law but the Presidency says it was a...

Heirs Holdings Appoints Director Of Marketing And Corporate Communications

Heirs Holdings today announced the appointment of Pelumi Fadairo as Director of Marketing and Corporate Communications.  Fadairo will be responsible for driving the Group’s...

Skye Bank Loses Round One In Legal Suit Against Centrespread Advertising

A Lagos High Court has dismissed, for lack of admissible evidence, a preliminary application by Skye Bank for an order pronouncing that Centrespread Advertising...

Osinbajo Signs Laws To Ease Access To Credit Facility

By Nuel Suji - The Acting President, Yemi Osinbajo, Tuesday signed into law two bills that would ultimately facilitate easy access to credit facility,...

Why Made-In-Nigeria Will Give Small Businesses A Boost

By Nuel Suji - The Federal Government should be commended for putting the spotlight on local manufacturers through initiatives such as the Made-in-Nigeria Dress...

Gateway Trade Fair: OGUNCCIMA Lauds Dangote Group’s Collaboration

By Nuel Suji - The Ogun State Chamber of Commerce, Industry, Mines and Agriculture (OGUNCCIMA) has commended the Pan African Conglomerate, Dangote Group (www.Dangote.com)...

Elumelu, African Leaders Commend AFC On World Class Governance Standards

By News Investigators - Chairman, United Bank for Africa Plc, Tony O. Elumelu, has hailed the African Finance Corporation on its various initiatives and...

ANALYSIS: Of UBA’s Top-Of-Chart Performance

(News Investigators, Abuja) United Bank for Africa (UBA) Plc is on the top list of companies with well-rounded performance. UBA’s top-of-the-chart performance at the...

Access Bank Appoints Roosevelt Ogbonna New Group Deputy Managing Director

Access Bank has announced the appointment of Roosevelt Michael Ogbonna as its new Group Deputy Managing Director, according to a statement released by the...

FY 2016: Fidelity Bank Grosses N152bn, Proposes 14k Dividend

By Nuel Suji - Fidelity Bank Plc grossed N152.0bn in earnings for the financial year ended December 31, 2016 and is proposing to pay...

CBN Boosts FOREX Supply By $240m, Threatens To Sanction Defaulting Banks

By Sadiq Umar - The Central Bank of Nigeria (CBN) has released the sum of $90 million to meet requests for invisibles such as...

CBN Announces Twice Weekly Forex Sale To Bureaux De Change

By Sadiq Umar - The Central Bank of Nigeria (CBN) Friday announced a new sale amount to Bureaux De Change, saying it would commence...

Court Adjourns Aderinokun’s Daughter’s Suit Against GTBank Till March 28

By News Investigators - The Federal High Court in Lagos on Friday adjourned further proceedings till March 28, 2017 in a suit filed against...

Dangote In Trouble As Regional Admin In Ethiopia Demands Employment Of Locals

(News Investigators) - Ethiopian regional officials are demanding that foreign cement producers including Dangote Cement Plc hand control of some parts of their businesses...

F.G Hails Dangote’s Self-Sufficiency Feat In Cement Production

By Nuel Suji - The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an...

Elumelu Foundation Partners General Electric On Advanced Training For TEF Entrepreneurs

By Sadiq Umar - The Tony Elumelu Foundation (TEF) has partnered with the General Electric (GE) for an advanced manufacturing training program for up...

Court Adjourns GTBank’s Equity Manipulation Case Till March 24

By Nuel Suji - A Federal High Court sitting in Lagos has adjourned till March 24, 2017, hearing in the suit alleging manipulation of...
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Latest article

FG, States, LGCs Share N673.137bn For August

News Investigators/ The Federation Account Allocation Committee (FAAC) has shared N673.137 billion to the three tiers of government as federation allocation for...

Inuwa At Chatham House, Speaks On Gombe’s Journey Towards Attainment Of Universal Health Coverage

.Governor Muhammadu Inuwa Yahaya alongside other participants at the Gombe State Governor, Muhammadu Inuwa Yahaya, earlier today...

Group Slams Adebutu-Akinlade Resources Deal, Says PDP Plans To Loot

News Investigators/ A group, Ogun Integrity Vanguard, has denounced the deal struck between the governorship candidate of the Peoples Democratic Party in...