Shareholders of Dangote Cement on Wednesday were full of praise for the Board, Management and staff of the company after approving the dividend payout of N144.8 billion, which translated to N8.50 kobo per share as against N8 per share, that was paid in the corresponding period of 2015. Speaking at the company’s annual general meeting […]
Acting President Yemi Osinbajo: addresses civil servants on the need for hard work Text of a speech delivered by Acting President Yemi Osinbajo at a meeting with middle level civil servants in Abuja on Wednesday 24 May on the implementation of Executive Orders So, this morning I want to urge that the future lies in […]
The Senate has mandated the Central Bank of Nigeria (CBN) to sanction any commercial bank that refuses to collect coins from customers as deposits. It also charged the regulatory bank to convert lower currency notes into coins to be used side-by-side with notes in order to facilitate retail transactions in the country. This followed a […]
The Nigerian National Petroleum Corporation (NNPC) on Tuesday received no fewer than 34 bids submitted by different companies for the digitization of legacy documents in the corporate headquarters. The bid opening exercise was conducted in the full glare of representatives of the bidding companies and Civil Society Organizations (CSOs) at the NNPC Towers, Abuja. In […]
The Chartered Institute of Bankers of Nigeria (CIBN) on Tuesday announced the commencement of the implementation of the Competency Framework for the banking industry in Nigeria. The initiative would see the institute ensure that staff members of Nigerian banks qualify for the job roles they occupy. The Competency Framework was released by the Central Bank […]
Economic Matters, Dr Adeyemi Dipeolu, has analysed the statistics released by the National Bureau of Statistics (NBS) saying it showed the economy maintained path to recovery. According to Dipeolu, it is an encouraging indication of a steady, even if slow, progressive pace. He said by the Gross Domestic Product (GDP), figure the Nigerian economy was […]
The Transmission Company of Nigeria (TCN) has disclosed that the 11 electricity distribution companies (Discos) have not stopped the practice of rejecting generated electricity loads allocated and sent to them for onward distribution to customers in their distribution networks. The company also said that the Discos monthly financial remittances to the electricity market are still […]
Keystone Bank Plc has partnered Enugu State government through its Ministry of Commerce & Industry to support 100 micro small and medium enterprises (MSMEs) in the state. The latest partnership, according to a statement from the bank was in line with its continuous economic empowerment campaign aimed at raising the bar of small businesses. In […]
Nigeria earned N224.9 billion from petroleum profit tax (PPT) and royalties from the oil and gas sector in January and February 2017, according to latest data released by the Central Bank of Nigeria, CBN. The CBN in Economic Report for February 2017 released recently also put the country’s total earnings from the oil and gas […]
The Central Bank of Nigeria (CBN) yesterday injected $205 million into the foreign exchange market even as the naira depreciated to N379 per dollar in the parallel market. Acting Director, Corporate Communications Department, CBN, Mr. Isaac Okoroafor confirmed the dollar injection in a statement on Monday. According to the statement, “The CBN again injected over […]