The market capitalisation of the Nigerian Exchange Ltd (NGX) dropped by N655 billion, following the hike in the nation’s inflation rate to 20.77 per cent. Reports that the National Bureau of Statistics (NBS) on Monday announced the inflation rate for…
The Chartered Institute of Bankers of Nigeria (CIBN) says it is resolute and committed to the observance and maintenance of ethics and professionalism among practitioners in the banking industry. A statement by CIBN in Abuja during the weekend, said the…
UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced that the three top winners of this year’s National Essay Competition (NEC) will get educational grants worth N10.5m to study in any African…
The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), says West African countries must create export-ready MSMEs that can compete with exports from other countries. The Director-General/Chief Executive Officer of SMEDAN, Mr. Olawale Fasanya, said this at the ongoing…
The International Monetary Fund has lowered Nigeria’s 2022 economic growth projection to 3.2 per cent. This is 0.2 percentage points lower than the 3.4 per cent projected in its July 2022 report. The Washington-based institution disclosed this on Tuesday in…
By Idris Bakare The Co-Managing Partner/Founder, Comercio Partners, Nnamdi Nwizu, has advised that investors should focus on money market and mutual funds to benefit from the recent interest rate hike by the Central Bank of Nigeria (CBN). He gave the…
By Idris Bakare The Managing Director and Chief Executive Officer, Sigma Pensions, Mr Dave Uduanu, has said infrastructure funds are doing better than private equity. In a statement, he said this in Lagos at the Private Equity and Venture Capital…
The Nigerian Debt Management Office, DMO has offered three Federal Government Bonds, which are valued at N225 billion for subscription. This disclosure is contained in a circular on the website of the DMO’s office. The bonds include; 14.55 per cent,…
By Matthew Denis Abuja The Federal Executive Council (FEC) has approved the establishment of Maintenance Repair and Overhaul (MRO) centre. The faculty being the first in Africa will generate about $185 million. This is following the issuance of a Full…
The House of Representatives has ordered the Central Bank of Nigeria (CBN) to suspend the sale of Polaris Bank Plc. The House gave the directive on Wednesday during plenary after adopting a motion of urgent public importance by Rep. Henry…
