Business
Nigerian Firm unveils smart software for power management, anti-power surge, fire
As part of efforts to save cost, Schneider Electric has unveiled a range of smart software that will automate power monitoring, protect electrical...
UBA shareholders approve N29.1bn dividend declared for 2018
United Bank for Africa (UBA) Plc shareholders on Tuesday approved payment of N29.1 billion dividend for the financial year ended December 31, 2018,...
Financial inclusion seen improving significantly in northern Nigeria
By Ruth Olurounbi, in Washington DC Nigeria’s Development Financing helped significantly improve financial inclusion in the northern and south south regions of...
Rising public debt seen weighing down Nigerian growth
By Ruth Olurounbi, in Washington DC Economic growth in resource dependent Nigeria is seen weighed down by rising public debt, driven by procyclical...
Provide alternatives, Elumelu responds to IMF on China loan
Mr. Tony Elumelu, chairman of Heir Holdings, has reacted to International Monetary Fund (IMF), warning to Nigeria to be weary of China loan,...
World Bank commits $15bn to reducing child mortality, stunting in Africa
By Ruth Olurounbi, in Washington DC The World Bank will spend as much as $15 billion in fiscal years 2021-2023 to “drastically” reduce...
David Malpass is new World Bank president
The World Bank’s executive board on Friday unanimously approved David Malpass as the development bank’s 13th president. The 63-year-old senior US Treasury official...
FG implements 140 reforms to ease business in Nigeria
•Targets Nigeria to be among 100 countries by 2020 The Vice President, Yemi Osinbajo, has disclosed that the Federal Government...
Nigeria plans 30-year FG bonds in Q2 as country’s debt profile grows 12%
Nigeria’s debt profile grew 12.25 percent, from N21.72 trillion in 2017 to N24.37 trillion ($79.437 billion) in 2018, driven by issuance of promissory...
N778.7bn DISCOS debt seen worsening electricity supply in Nigeria
A new report in a Nigerian local newspaper is claiming that a N778.7 billion debt owed to the Nigerian Bulk Electricity Trading Plc...
Nigeria’s sluggish economic growth too weak to lift millions out of poverty – IMF
The International Monetary Fund (IMF) says Nigeria’s slow economic growth too weak to lift millions of Nigerians from poverty, despite 137 percent growth...
Keystone Bank appoints Abubakar Danlami Sule as Acting MD/CEO
Keystone Bank Limited, has announced the resignation of Mr. Obeahon Ohiwerei as Managing Director/CEO of the Bank, and the appointment of Mr....
Innoson seals 7 GTB branches over N8.8 billion
Innoson motors Nigeria Limited has sealed seven branches of Guaranty Trust Bank, GTB to recover it’s N8.8 billion. The branches are: one in...
CBN slashes anchor lending rate by 4%
The Nigerian Central Bank on Tuesday slashed its Monetary Policy Rate (MPR) by nearly four percent from 14% to 13.5 for the first...
Tony Elumelu Foundation selects 3,050 entrepreneurs for 2019 cohort
This year’s selected entrepreneurs for the Tony Elumelu Foundation’s entrepreneurship programme rose by 110 per cent to 3,050 from last year’s 1,450 people,...
Don’t buy substandard appliances, Schneider Electric warns
Lagos, In a bid to ensure electrical safety and installation of genuine equipment, Schneider Electric and its partners have embarked on a tour...
