Tuesday, January 19, 2021

Monthly Archives: November, 2020

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CBN further devalues Naira, exchanges N392/$ in BDC

The Central Bank of Nigeria (CBN) has further devalued the naira for the third time this year at different segments of the county's foreign...

Nigeria is highest importer of used vehicles from US in Africa – UNEP

The United Nations Environment Programme (UNEP), has ranked Nigeria as the highest importer of used vehicles from the United States in Africa, and the...

Petroleum products from our refinery to be on sale from October 2021

Dangote Group has revealed that refined petroleum products from its refinery, currently under construction, will be ready for sale by the last quarter of...

FG, Transcorp sign N105bn agreement on Afam Power Plant

The Federal Government has signed an agreement with Transcorp Consortium, the preferred bidder of Afam Power Plant, with a bid sum of N105 billion. The...

Afreximbank launches $1.5bn facility for post COVID-19 recovery in Africa

The African Export-Import Bank (Afreximbank) has launched a 1.5 billion-dollar collaborative COVID-19 Pandemic Response Facility (COPREFA) to support African economies with rapid financial assistance...

FEC approves ₦30.69b for FCT ONEX road

The Federal Executive Council (FEC) has given its approval for the award of contract on the full scope development of arterial road from Northern...

Agriculture: FG seeks fresh $1.2bn loan from Brazil

The Federal Government is seeking a $1.2bn external loan from Brazil to finance agricultural programmes in the 2021 budget. The Minister of Finance, Budget and...

Firms expect borrowing, inflation rates to rise – CBN survey

The Central Bank of Nigeria (CBN) has said the firms that participated in its latest business expectations survey expect borrowing and inflation rates in...

Nigeria’s debt to increase by N6tn in 2021 – Finance Minister

The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said Nigeria’s total public debt will increase by N6tn to hit N38tn by...

Business conditions improve in private sector amid strengthening demand

The Nigerian private sector experienced a positive start to the final quarter of 2020 with output and new orders both rising at a robust...

Must Read

EFCC arraigns ‘Mama Boko Haram’ on fresh N41.7m fraud charges

The travails of Aisha Alkali Wakili alias Mama Boko Haram are yet over as the Economic and Financial Crimes Commission (EFCC) Maiduguri Zonal Office,...
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Zenith Bank board meets to discuss results, final dividend

The Board of Directors of Zenith Bank Plc will meet on Thursday 28, 2021, to discuss the audited financial statements (AFS) for the year...

Pension industry fund assets rise to N12.29tr

The pension industry fund assets rose to N12.29 trillion by November 30, 2020. This represented a 1.94 per cent increase when compared with N12.053...

Nigerian stocks buck global downtrend with N552b gain

Nigerian equities played the contrarian amid global stock market decline as sustained bargain-hunting ahead of the earnings season roused Nigerian shares to a net...