Presidency clarifies Buhari’s statement to World Bank on favouring Northern...
BY NKECHI NAECHE–-The presidency on Friday denied cliam of the World Bank Group that President Muhammadu Buhari asked the organisation to focus on northern Nigeria. Jim Yong Kim, president of the...
View ArticleInfrastructural Devt: Nigeria asks World Bank, IMF to scale up Renewable Energy
The Honourable Minister of Finance, Mrs. Kemi Adeosun (second from right) with other Ministers of Finance and Central Bank Governors, during the G-24 Ministers and Governors Meeting at the Annual...
View ArticleSEC Announces Whistleblower Award of More Than a Million Dollars
The Securities and Exchange Commission today announced that a whistleblower has earned an award of more than $1 million for providing the SEC with new information and substantial corroborating...
View ArticleNigeria, JICA hold bilateral talks on power, infrastructure projects
The Minister of Finance, Mrs. Kemi Adeosun congratulating the winner of the 2017 World Bank’s Youth Development Initiative, Mr. Nwachinemere Emeka Obewe, at the World Bank Group Headquarters in...
View ArticlePhoto News: Nigeria Finance Ministers and other Central Bank Governors at the...
Nigeria’s Minister of Finance and Leader of Delegation to IMF/World Bank Meetings, Mrs. Kemi Adeosun (middle of the second row), during a group photograph by Finance Ministers and Central Bank...
View ArticleWhat Ag President Approved for NNPC Were Not Contracts
Our attention has been drawn to some misleading reports suggesting that the Vice President approved certain procurement contracts for the Nigerian National Petroleum Corporation (NNPC). This is...
View ArticleNigeria, Major World Economies Consolidate Progress on Trade and Investment...
The group of WTO Friends of Investment Facilitation for Development (FIFD) pledged support for the success of the High-Level Investment Forum taking place in Abuja on the 3rd and 4th of November...
View ArticleNigeria won’t be reckless with foreign borrowings – Adeosun
The Honourable Minister of Finance and Leader of the Nigerian delegation to the 2017 Annual Meetings of the IMF and World Bank, Mrs. Kemi Adeosun with the Governor of the Central Bank of Nigeria, Mr....
View ArticleUnemployment: Dangote employs youth graduate for rice farming in Kogi
A multi-million Naira Youth Farming Initiative that will engage teeming unemployed Nigerian graduates in rice farming has been launched by the Dangote Rice Limited (www.Dangote.com) in Kogi State. This...
View ArticleAfrica’s reinsurers optimistic of Market recovery in 2018
Ms. Prisca Soares BY NKECHI NAECHE— Africa’s to reinsurers are optimistic about the prospects of US$ 6.8 billion Africa’s reinsurance markets in 2018. This is the outcome of the second...
View ArticleAnchor Insurance offers investors N3.6kobo dividend* grew investment income...
PRESS RELEASE—Anchor Insurance Company Limited; one of the leading underwriting firms in Nigeria has held its 27th annual general meeting recently at the Le Meridian Ibom Hotel and Golf Resort...
View ArticleN8b CBN scam: How N8.3m was substituted with paper, by Ecobank staff
Mr Omotayo Sowunmi, a witness in the alleged N8 billion Central Bank of Nigeria (CBN) currency scam case, on Wednesday said that the apex bank lost N8.3 million in a single box meant to contain...
View ArticleFitch Says Nigerian Bank Eurobonds a Step to Easing FC Maturity Gaps
The return of Nigerian banks to the international bond markets marks a small step towards reducing maturity mismatches between foreign-currency (FC) assets and liabilities, Fitch Ratings says....
View ArticleGTBank Plc Q3 2017 Report: EPS Rose 7.25% y/y in 9M-17, Despite 59.21%...
This afternoon, Guaranty Trust Bank Plc (GUARANTY) published Q3-2017 result wherein gross earnings declined by 19.85%y/y and 12.03% q/q (missed our estimate by 24.27%), with PBT (-1.06% y/y and...
View ArticleZENITHBANK Q3’17: Decline in Opex Supported 42.57% q/q Growth in PAT, Despite...
Zenith Bank Plc (ZENITHBANK) published Q3-2017 result this afternoon, reporting declines across most line items – gross earnings declined 35.19% q/q and 8.89% y/y – following higher than expected...
View ArticleDangote Cement Q3 2017 PAT; Below Expectation, But Strong
DANGCEM just released Q3-17 result, showing revenue (27.4% y/y), EBITDA (95.1% y/y), and PAT (63.1% y/y) all grew strongly at the Group level. Revenue was below our estimate by 6% while EBITDA (on...
View ArticleGhana: First National Insurance conference opens
Minister for Finance, Ken Ofori-Atta is billed to deliver the keynote address at the first-ever National General Insurance conference at the Labadi Beach Hotel, Accra today. Mr Ofori-Atta will be...
View ArticleNigeria Customs commends Guinness Nigeria on remittances, pledges stronger ties
Guinness Nigeria Plc has been commended for strong compliance and due diligence in remitting its tax and statutory obligations to the Nigeria Customs Service (NCS). Customs Area Controller...
View ArticleJohannesburg Stock Exchange Also Suspends Trading Of Oando Shares
Barely a day after the Nigerian Stock Exchange, NSE, suspended trading on the shares of Oando Plc, the Nigerian oil company on Thursday suffered the same fate at the Johannesburg Stock Exchange, JSE....
View ArticleDangote Cement Says Onne Van de Weijde Exits as CEO
Onne Van de Weijde BY BUSINESSTODAY REPORTERS—-The Board of Dangote Cement Plc (DCP), on Thursday announcedchanges in the leadership of the company. In the circumstance, Mr. Onne Van de Weijde, the...
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