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Monday, January 27, 2020

Business

FG sells 12.4bn shares in Minting Company to CBN, BPE 

The Federal Government on Tuesday sold its 21 per cent shares in the Nigeria Security Printing and Minting Company (NSPMC), which translates to 12.4 billion to the  Central Bank of Nigeria (CBN), and the Bureau of Public Enterprises (BPE). The...

Nigeria: China’s $500m financing support targets energy generation 

The half a billion dollar financing support from the Export-Import Bank of China (CEXIM) to Nigeria is targeted at helping Nigeria improve its energy generation, an official in the Nigerian government said. “This is a partnership that will provide a...

Nigeria will sell N1.024trn Treasury Bills in Q4

Nigeria, through its central bank says it will auction treasury bills as much as N1.024 trillion in the fourth quarter of the year, auctioning 91-day bills worth N62.635 billion, 182-day bills worth N148.667 billion, as well as 364-day bills...

Stanbic IBTC likely to issue 211.7 million shares option for interim cash dividend

By Ruth Olurounbi Stanbic IBTC Holdings Plc could likely issue up to 211.7 million ordinary shares of 50 kobo each as scrip dividend shares if shareholders opt to receive their first-half interim dividend in shares, according to its board of...

Forex: CBN injects $303m, CNY 46.58m into retail secondary market sales

The Central Bank of Nigeria (CBN), on Friday, injected the sum $303.91 million into the interbank retail Secondary Market Intervention Sales. This is in addition to the sale of CNY 46.58 million in the spot and short-tenored forwards. The figures...

China Summit Agreement: What it says and what it means

China and African countries agreed to work together toward an even stronger community with a shared future, according to a declaration adopted Tuesday at the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC). Sharing weal and woe, the...

SAHCOL confirms Agboarumi as MD

  By Ruth Olurounbi   Basil Agboarumi has been announced  as the new Managing Director (MD) and Chief Executive Officer (CEO) of Skyway Aviation Handling Company Limited (SAHCOL) six months after he had held the job in an acting capacity. Agboarumi joined the...

Rose Adebayo, Angela Aneke join UBA board

As the Pan African banks appoints two other men Two top women in the world of finance have joined the Pan African bank, United Bank for Africa (UBA). The women are Rose Adebayo and Angela Aneke.   Adebayo, a Cambridge University...

Dangote now most valuable brand in Nigeria

The company of Africa’s richest man, Dangote Group, is now the most valuable brand in Nigeria, following an agency survey which revealed the company as the number one out of top 5o brands sampled using the Brand Strength Model...

Nigeria’s forex market gets another $210m from CBN

Nigeria’s Central Bank on Tuesday injected another sum of $210 million into the inter-bank foreign exchange market, ensuring that forex is available for customers’ needs in various segments of the market. According to the figures obtained from the CBN, the...
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Latest News

Rerun election: Victory party gone bad as Imo senatorial candidate mistakenly shot dead by aide

  The senatorial candidate of the Action Alliance (AA), for Imo North Senatorial District in the 2019 general election, Chief...
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Buhari’s administration making positive change in Niger Delta- Presidency

Says progress in 21 Ogoni Clean-up sites, drawing international commendation   The Presidency on Sunday stated that the federal government’s new vision for the...

Popular NBA star Bryant dies in helicopter crash

Popular NBA star, Kobe Bryant, has been killed in a helicopter crash in Calabasas, California, on Sunday morning. According to TMZ report, the 41-year-old former...

Coronavirus:Death toll rises to 41; more than 1,000 cases of infection confirmed in China

  Deaths caused by the coronavirus infection that began in China’s Hubei province rose to 41, while the number of confirmed cases in the country...

Ex-Kogi Commissioner bags 19 years in jail for N20m fraud

   For stealing about N20 million naira while in office, a former Kogi State Commissioner for Agriculture, Zachaeus Atte, has been jailed for 19 years. A...