Saturday, May 21, 2022

Economy

May 21, 2022

Bank of Industry grows profit by 75%, declares N7.89 billion dividend

The bank’s increase in profit before tax to the tune of N61.15 billion was for the 2021 financial period.

Bank of Industry
May 21, 2022

Lower denomination naira notes now useless to Nigeria’s economy; they’ll be phased out: CBN

CBN consultant on e-naira disclosed that the N5, N10, and N20 notes which have been weakened by the declining purchasing power of the naira will soon be out of circulation.

May 20, 2022

NGX: Market capitalisation dips by N159 billion

The downturn was impacted by losses recorded in Royal Exchange Assurance, Academy Press, and other stocks.

Nigerian Exchange
May 20, 2022

Buhari appoints Semiu Adeniran Statistician-General for NBS

Until his appointment, Mr Adeniran was the Director of Demographic and Household Statistics at the NBS.

Semiu Adeniran
May 20, 2022

Naira exchanges at N419 to dollar at I&E window

An exchange rate of N444.00 to the dollar was the highest rate recorded within the day’s trading.

Dollar and Naira
May 20, 2022

Buhari regime to prosecute traders using cheat weights, measurements: Minister

Mr Adebayo said that the Department of Weights and Measures remained covered by the law stipulating very stringent measures against offenders

Minister of Trade and Investment
May 20, 2022

NATO: Russia cuts off gas supply to Finland

Finland had this week applied to join NATO, a move that likely angered Russia.

gas pipelines
May 20, 2022

Subscribers oppose 40% tariff hike; demand better quality services from telcos

Mr Bilesanmi stressed that any move to increase the tariffs would be unacceptable by subscribers.

GLO, MTN, AIRTEL, 9MOBILE
May 20, 2022

Buhari regime resumes sharing N9.24 billion conditional cash in Kebbi

Buhari’s regime says it has resumed payment of over N9.24 billion to 76,107 beneficiaries of Conditional Cash Transfer (CCT) programme.

Buhari and Sadiya
May 20, 2022

UN Global Compact inaugurates regional hub in Nigeria

“The focus cannot just be on what can Nigeria teach others. If it does not practise it itself, there is really much to be done around domestic resource mobilisation.”

President Muhammadu Buhari