Business

The Federal Government borrowed N1.54 trillion from domestic investors through bond auctions conducted by the Debt Management Office (DMO) in the first half of the year (H1’2020). These include N1.37 trillion borrowed through the monthly FGN bond auctions from January to June; N2.27 billion borrowed through the monthly FGN Savings …

The Federal Government borrowed N1.54 trillion from domestic investors through bond auctions conducted by the Debt Management Office (DMO) in the first half of the year (H1’2020). These include N1.37 trillion borrowed through the monthly FGN bond auctions from January to June; N2.27 billion borrowed through the monthly FGN Savings …

Shareholders of Niger Delta Exploration & Production (NDEP) Plc have approved a payment of dividend of N17 per share for the 2019 business year, the highest payout in the company’s 13 years of consistent dividend payment. The 25th Annual General Meeting (AGM) was held virtually due to the impact of …

The Nigeria Immigration Service (NIS) has warned applicants against patronising fake recruitment sites as no fee was charged for NIS recruitment.The Comptroller General, NIS, Mr Muhammad Babandede, gave the warning in a statement by the Service Public Relations Officer (SPEO), Mr Sunday James, on Tuesday in Abuja. Babandede issued the …

The Parakoyi of Ibadanland and the Chairman of Madandola Group, Chief Bode Akindele, is dead. Akindele, who was a successful entrepreneur and philanthropist, died in his Apapa, Lagos home on Monday at the age of 88 years, according to a reliable source. Born on June 2,1932, his father, Pa Joshua …

Nigeria Employers’ Consultative Association, NECA, has raised the alarm that 74.2 per cent of businesses have stopped operations due to COVID-19 pandemic. At a briefing, weekend, in Lagos, acting President of NECA,Taiwo Adeniyi, disclosed that 15.8 per cent of businesses were either fully on site or teleworking. While commending the …

A combination of collapse in oil prices and the COVID-19 pandemic is expected to plunge the country’s economy into a severe recession, the worst since the 1980s, according to the latest World Bank Nigeria Development Update. The World Bank in statement, titled “Nigeria In Times of COVID-19: Laying Foundations for …

The World Bank has approved $750 million credit support for Nigeria’s power sector, saying that the country loses about $28 billion annually to power shortages. Meanwhile, the Senate Investigation Committee on Power has reported that only two  of the six power generation companies, GENCOs in Nigeria are meeting targets. The …

Customers of Sterling Bank Plc, Nigeria’s now have the benefit of enjoying passive monthly income courtesy of the One Partner Programme. Targeted at entrepreneurs and upwardly mobile young Nigerians and Diasporans, the programme allows customers generate a second income by referring their family and network of friends to use unique …

The Central Bank of Nigeria (CBN) has threatened to blacklist farmers involved in diversion of farm inputs or selling their produces in Anambra state. The Head, Development Finance Office, CBN, Awka branch, Mrs Bridget Okparaeze, gave the warning in Onitsha at the inauguration of inputs distribution by the Central Bank …