Health challenges in Africa have continued to attract global concern. Nigeria in the demographic representation of the continent remain of central concern as the most populous African Country, accommodating over 220million of the continent’s 1.3billion population. Hence, any meaningful discussion…
Nigeria’s foreign reserve dropped to $39.86 billion as of the end of February 2022, representing a 0.44% decline compared to $40.04 billion recorded as of the previous month. This is according to data extracted from the daily external reserve tracker…
By Seun Ibiyemi The National Standing Committee (NSC), International Oil Pollution and Compensation (IOPC), has said that Nigeria has not contributed to the IOPC’s fund in the last three years. The IOPC Funds are two inter-governmental organisations (the 1992 Fund…
Greenwich Merchant Bank Limited (GMB), one of Nigeria’s bespoke financial solution providers, has officially signed a partnership agreement with the Nigerian Investment Promotion Commission (NIPC) to further encourage and promote both local and foreign investment initiatives in Nigeria. This was…
By Philemon Adedeji The Nigerian equities market on the Nigerian exchange limited (NGX) closed yesterday still on negative note amidst sell-offs and buy-interests as the benchmark All share Index (ASI) is depreciated by 64.73 basis points. The NGX ASI declined…
The Nigerian Exchange (NGX) Group Plc says its gross earnings grew to N6.8 billion in its audited financial results for the year ended Dec. 31, 2021. The group, in a statement on Thursday in Lagos, said the figure represented 13…
Vitafoam Nigeria Plc, a leading manufacturer of rigid foams and other household materials, has rewarded its shareholders with a total dividend of N1.9 billion dividend for the year ended Dec. 31, 2021, translating to N1.50 per share. Its Chairman, Dr.…
South Korea’s Hyundai Motor said on Wednesday it planned to invest about 95.5 trillion won ($79.21 billion) through 2030, including about 19.4 trillion won ($16.10 billion) towards electric vehicle (EV) related businesses. Hyundai Motor, which together with affiliate Kia Corp…
As the war in Ukraine continues, more automakers are making announcements regarding operations in the region, financial assistance for Ukraine, or both. Toyota and Honda are the latest manufacturers to suspend all business in both countries. Stellantis joins several other…
Bankole Taiwo, Abeokuta The Ogun State governor, Dapo Abiodun, has disclosed that the agro cargo airport being constructed by his administration will be ready for use by November. The governor equally disclosed that the project when completed would provide no…
