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Monday, January 18, 2021

AMCON Declares N823b Loss

Asset Management Corporation of Nigeria (AMCON) recorded a loss of N823 billion in the 2012 financial year.   The corporation's Executive Director, Finance, Mrs Mofoluke Dosunmu...

FG To Conclude Sale Of Coal Corp

An ad-hoc committee to review and make recommendations to the National Council on Privatization on the resolution of all outstanding issues that had delayed...

Manufacturers Seek Single Digit Interest On Loans

Chairman of the Manufacturers Association of Nigeria (MAN), Ogun State, Dr. Dolapo B. A. Ogutuga (MON), has said that a major challenge facing manufacturers...

Banks get N5.7tr CBN loan to boost liquidity

The Central Bank of Nigeria (CBN) has lent banks and discount houses N5.74 trillion to boost liquidity. The figure is an increase of 124.4...

Banks disbursed N109bn to 20 power firms –CBN

Eleven Deposit Money Banks had so far disbursed the sum of N109.3bn to 20 companies from the N300bn Power and Airlines Intervention Fund provided...

Lagos Targets N20bn Monthly Internally Generated Revenue

The Lagos State Government has disclosed that its target is to raise its monthly Internally Generated Revenue (IGR) from N18 billion to N20 billion. The...

BPE Plans Regulatory Framework For Social Media

Director General of the Bureau of Public Enterprises (BPE), Mr. Benjamin Ezra Dikki has revealed that in line with its reform mandate, the Bureau...

Nigeria Ranks 4th In Global Oil Supply Outages

With more than 200,000 barrels per day (bpd) of crude oil being lost to pipeline vandalism, crude oil theft and spills, Nigeria ranks fourth...

Infrastructure Bank To Fund Lagos-Ibadan Expressway

There may be reason for users of the all-important Lagos-Ibadan Expressway as the initial completion scheduled date of four years have now been shortened...

7 Nigerian Among Africa’s 10 Richest Musicians

Forbes has released its list of Africa's 10 richest musicians with Nigerians dominating. Seven Nigerians are on the list with Chief Executive Officer of...

Dangote Cement Intensifies Training Of Block Makers

In furtherance of its campaign against incessant building collapse in the country, Dangote Cement Plc has embarked on a nationwide sensitisation and training of...

Cocoa Agenda Yields 28 Percent Increment

There is excitement among cocoa producers in the country as output is projected to increase by 28 percent for the main harvest that starts...

A Third of Privatised Coys Gasp for Breath- BPE

Just over one third of all the 122 the government enterprise privatised between 1999 and 2012 are currently struggling for survival in the murky...

Airtel Money, Metropolitan Partner On Insurance, Savings

Telecommunications giant Airtel with operations in 20 countries across Asia and Africa is partnering with MMI Holdings Limited (MMI), a leading insurance-based financial services...

Pencom Press Release On Minimum Capital Requirement

This Press Release is issued  pursuant to the Circular on Minimum Capital Requirement for Licensed Pension Fund Administrators (PFAs) issued by the National Pension...

Free Trade Zones Law Should be Reviewed – Ndibe

Chris Okwudili Ndibe is the Executive Secretary of Africa Free Zones Association. He was General Manager in Nigeria Export Processing Zone Authority (NEPZA). Since...

Islamic Bank Invests Heavily in Nigeria’s Economy

The Islamic Development Bank (IDB) has continued to invest billions of Nigeria into the Nigeria’s economy. The Vice President of Nigeria, Arc Mohammed Namadi...

Dangote: The Richest Man in Africa Donates Billions for Education and CSR

Before the Forbes magazine declared Alhaji Aliko Dangote, once again as the richest man in Africa, his Dangote conglomerate had injected over N1billion into...

CBN Communiqué No. 80

Central Bank of Nigeria Communiqué No. 80 of the Monetary Policy Committee Meeting, Monday, November 21, 2011The Monetary Policy Committee (MPC) met with 11...

Airtel Does Not Employ Casual Staff and Did Not Sack Any Employees

…SEEKS SUPPORT FOR ITS FACILITIESLagos, Nigeria: Airtel Nigeria refers to media reports today, Wednesday, October 5, 2011 regarding a press conference by the Nigeria...