Many Things Wrong With 2021 Budget - ACUF Boss         A development economist and Board Chairman of Amaka Chiwuike-Uba Foundation (ACUF), Dr. Chiwuike Uba, has picked holes in the 2021 budget, saying that the estimates and sectoral allocations do not align with the theme of the...

CBN Directs Banks To Close Naira Remittances Ledgers       The Central Bank of Nigeria (CBN) has mandated Deposit Money Banks (DMBs) to close all ‘Naira General Ledgers’ used by the lenders to remit naira to Diaspora remittances beneficiaries. CBN Governor, Godwin Emefiele who gave the directive to...

Stock Investors Gain N375bn As Market Cap Hits N20.28trn         Transactions in the equities market, on Wednesday, sustained bullish rally as the Nigerian Stock Market All-Share Index appreciated by 2.40 per cent. The market breadth closed positive with 26 gainers against seven losers. The ASI grew by 910.13...

$2.6bn AKK Pipeline 10% Completed - Contractor       About 100 per cent local content is currently deployed for the construction of the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project, the contractor handling the project, Oilserv Limited, has said. The Managing Director, Oilserv, Emeka Okwuosa, also told journalists during a...

Jaiz Bank Targets N6.15bn Gross Earnings In Q1, 2021       Jaiz Bank Plc has said it is projecting to achieve N6.15bn gross earnings for the first quarter of 2021. In its Q1 earnings forecast obtained from the Nigerian Stock Exchange, the bank also projected to rake in...

FERMA Gets N8.1bn From FG To Repair Ten Roads       The Federal Executive Council on Wednesday approved a total of N8.1bn for the Federal Roads Maintenance Agency to carry out emergency repairs of 10 roads across the country. The Minister of Works and Housing, Babatunde Fashola, disclosed...