The Federal Government has listed its April 2023 Savings Bonds worth ₦1.08bn on the Nigerian Exchange Limited.
This was disclosed by the NGX in its weekly report on activities on the exchange.
The bonds include 436,012 units of ₦436,012,000.00 at 10.032 per cent interest rate and 643,204 units of ₦643,204,000.00 at 11.023 per cent interest. While the former bond is for two years, the latter…
The Minister of State for Budget and National Planning, Clem Agba, has disclosed the Federal Government commenced some priority actions in 2022 in order to make food systems more sustainable.
He disclosed this in Abuja during the inauguration of a 20-man steering committee…
A telecommunications company, 9mobile, on Tuesday, said it has invested N70 billion in its ongoing network modernisation.
The Chief Executive Officer of 9mobile, Juergen Peschel, in a statement, during its annual Channel Partners Conference held recently in Lagos said…
Global fintech brand, Unlimint, is set to launch its operations in Nigeria, after receiving its Payment Solution Service Provider (PSSP) License from the Central Bank of Nigeria.
The PSSP authorises Unlimint to operate as a recognised payment service provider in the country, enabling the delivery of a wide range of payment services and methods that will help local businesses expand their reach to…
The founder of Chinese tech giant, Alibaba, Jack Ma has been made an honorary professor of business at a top Hong Kong university, the school announced Friday.
The appointment comes weeks afer the billionaire made a rare public appearance in China following his fall from…
The South-West chairman, Rev. Oluleye Gideon, made the plea at a joint news conference in Ibadan, saying that the recent new naira redesign and other government programmes had adversely affected his members.
Gideon said that the CBN’s policy had also brought about untold…
The policy of dormant CBN accounts has raised concerns in the banking sector.
April 21, 2023
Banks and their customers have raised concerns over the Central Bank of Nigeria’s proposed plan to mop up funds from dormant accounts. While the proposal is not new, stakeholders argue that it could potentially have unintended consequences on the banking sector, reports Oluwakemi Abimbola
The bank account of a deceased man, Oluwanisola Yekini, has been dormant since he died in 2020. The…
With 5.5% Stake, Femi Otedola Emerges Transcorp’s Largest Individual Shareholder
Billionaire businessman, Mr. Femi Otedola has emerged largest single individual shareholder in Transnational Corporation Plc (Transcorp), a publicly traded diversified conglomerate chaired…
Sports brand, adidas, has opened a flagship store in Lagos State, Nigeria; its largest and first-of-its-kind store in West Africa.
In a statement issued by the sports brand, adidas revealed that Lagos Flagship is the fourth adidas store to open in partnership with BrandCo in…
The Minister of Science, Technology and Innovation, Adeleke Mamora, has given reasons why Nigeria remains a poor country despite being blessed.
The minister, who spoke at a workshop aimed at accelerating small hydropower investments in Nigeria, said the lack of capacity to turn potentials into reality has made the country underdeveloped despite its vast resources.
The event held on Tuesday in…