Economy

The Nigerian stock market began the week on a negative note as banking and consumer goods stocks, among others, triggered a N19.49bn loss. At the end of trading on the floor of the Nigerian Exchange Limited, the NGX All-Share Index dropped by 0.09 per cent to 43,270.94 basis points, while …

OSBC 26TH NOV, 2021 The Federal Government on Thursday announced that beginning from next week it would start sending out Request for Proposals to investors interested in owning shares in the proposed national carrier. It also expressed hope that the carrier, Nigeria Air, would be quoted on the stock exchange, …

Power consumers nationwide may start to pay more for electricity, following plans by the Federal Government to carry out a review of power tariff. This came as the Federal Government said on Wednesday it had commenced the procurement of four million meters meant to be distributed free of charge to …

Bauchi State Government is to access N30 billion World Bank grant to address environmental problems caused by flood disasters witnessed in various local government areas in the state in recent times. The disclosure was made by the Director General of the Bauchi State Environmental Protection Agency (BASEPA), Dr. Kabir Ibrahim. …

BUA Group has bagged ‘Marketing Edge Outstanding Indigenous Conglomerate of the Decade’ by the West African Marketing publication, Marketing Edge, at its annual Marketing Awards ceremony in Lagos. Also, BUA Group’s General Manager, Corporate Communications, O’tega Ogra also emerged as the “Outstanding Corporate Communications Personality” of The Year 2021. A …

Federal government, Monday, said that youth empowerment has become old-fashioned, submitting that the best way to solve the problem of unemployment was investing in the youths. The government said that it was taking a detour from empowering the youth to training them to develop requisite skills and knowledge that will …

Raise stakes in FGN securities by 13% Analysts blame states’ weak finances, non-compliance with pension law By Nkiruka Nnorom Pension Funds Administrators (PFAs) are now downsizing their investments in state governments’ bonds amidst fears that the states’ financial stability and their commitment to pensions are questionable. Financial Vanguard’s findings in the …

The Senate on Tuesday commenced debate on the general principles of the 2022 budget. President of the Senate, Ahmad Lawan, who presided over the session, said that the debate will be concluded on Wednesday President Muhammadu Buhari had on last Thursday, submitted the 2022 Appropriation Bill to a joint sitting …

OSBC29 September, 2021 The Central Bank of Nigeria has launched a website detailing its CBDC, the eNaira. Stating that the eNaira is both a medium of exchange and a store of value, the CBDC will be used in retail payments and remittances. Citizens can begin right away by downloading the app, which …

OSBCSeptember 28, 2021 Japan is set to lift the coronavirus state of emergency this week for the first time in more than six months, in a bid to reactivate its economy as infections slow. Japan’s COVID emergency, one of the longest in the world, to be lifted in a bid …