The Group Managing Director Zenith Bank Plc, Ebenezer Onyeagwu has increased his shareholding right at the bank with a fresh purchase totalling 662,842 of the lender shares. Nigerian Exchange Limited (NGX) in a disclosure stated that the shares were purchased…
Some financial conomists have expressed great concerns on the minor influence that the Nigeria-China currency swap had on the country’s economy, three years after. The experts said in Lagos on Friday that the volume of currency import so far traded, had…
The Debt Management Office (DMO) disclosed that the Federal Government would offer N150billion bonds for subscription in May. A circular by the DMO on its website showed that the breakdown of bonds comprised three bonds worth N50 billion each. They…
The National Bureau of Statistics (NBS) says N392.77 billion was generated as Company Income Tax (CIT) in Quarter One, 2021 (Q1, 2021) an increase of N97.05 billion over N295.72 billion generated in Q4 2020. This is revealed in the “Company…
A World Bank report says officially recorded remittance flows to low and middle-income countries reached $540 billion in 2020, 1.6 per cent below the 2019 total of $548 billion. The report which is titled ‘Migration and Development Brief’ released in…
The African Development Bank (AfDB) has called for the support of African public development banks towards the Affirmative Finance Action for Women in Africa (AFAWA) as well as tackling youth unemployment on the continent. President of the AfDB, Dr Akinwumi…
By Owoleye Oluwakayode With over 2000 hectares of land and titled documents released by 24 States for the Federal Government’s Social Housing programme, Dangote Cement, Bua Cement and Lafarge Cement have agreed to discount their products to N2600 per bag…
The FMDQ Exchange reported $32.61 million foreign exchange turnover at Investors & Exporters (I & E FX) window on Monday. The naira appreciated at the I&E window by 0.1 per cent to N410.67 against the Dollar but stayed flat at…
As businesses and institutions adjust to the new ‘normal’, corporate entities have continued to seek innovative and capital effective ways to source funding to finance their institutional needs. In keeping to its commitment of providing a reliable and credible platform…
…Doles out over N8m seed fund to all winning start-ups Wema Bank’s Hackaholics 2.0, an acceleration program aimed at helping startups scale and gain entrance into the market, came to an exciting end as the finalists were unveiled on Wednesday,…
