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Wednesday, April 1, 2020

Business

Heritage Bank partners NPA to support improved ports infrastructure in maritime sector 

The maritime sector through Nigerian Port Authority (NPA) is set to get improved infrastructural boost as Heritage Bank Plc revealed plans to provide financing for building critical maritime infrastructures and other aspects of transport sector projects once policies driving...

Elumelu’s foundation launches world digital platform for African entrepreneurs

Africa’s entrepreneurs will now have a world digital platform known as TEFConnect, an open source platform providing "bespoke tools and content to catalyse business development for millions across the continent," thanks to the Tony Elumelu Foundation (TEF). TEFConnect is planned...

We have capacity to print electoral materials, Mint company tells INEC

The Nigerian Security, Printing and Minting, (NSPM) Plc, has appealed to the Chairman of the Independent National Electoral Commission (INEC), Mamood Yakub, to award the contract of producing the election materials for the 2019 general elections to the mint...

CBN again defends naira with $210m

By Ruth Olurounbi The Central Bank of Nigeria (CBN) has again intervened in the inter-bank Foreign Exchange Market to the tune of $210 million, an emailed statement from the regulatory bank read. The bank reported that it offered $100 million...

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...
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Latest News

COVID-19 Lockdown/Restrictions: FG warns violators

      … plans to reach 11m people nationwide for palliatives       Violators of the Federal Government’s restrictions following a lockdown of some...
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COVID-19 Lockdown : Winners’ Chapel donates ambulances, safety kits, food to Lagos, Ogun States

    Living Faith Church Worldwide  a.k.a Winners’ Chapel International has donated ambulances, test kits, personal protective device (PPE) to the Lagos and Ogun State governments...

COVID-19 Social Distancing : Police Nab Deviant Masquerader In Ogun

  For violating the federal and state governments’ directives on social distancing and public gatherings, a masquerader who came out in the intense heat of...

Lockdown: President Buhari signs COVID-19 Regulations 2020

  President Muhammadu Buhari has signed the COVID-19 Regulations, 2020, which declared coronavirus a dangerous infectious disease. President Buhari Monday signed the regulations in exercise of...

COVID-19 Lockdown: NNPC says its loading depots ‘ll remain operational

  …assures of nationwide product availability, seamless supply In line with the Presidential directive. the Nigerian National Petroleum Corporation (NNPC) has announced measures to guarantee seamless...