Nigeria Economy

Tonto Dikeh

Feet ‘N’ Tricks Names Fashanu, Ikpeba, Tonto, Others Ambassadors for 2019 African Freestyle Football Championship

Feet ‘N’ Tricks International Limited, organisers of the Nigerian and African Freestyle Football Championships, has named some prominent entertainment and sport industry personalities, which include former professional English footballer, John Fashanu; former Nigerian footballer, Victor Ikpeba; Nollywood actors, Tonto Dikeh and Williams Uchemba as its brand ambassadors for the 2019 African Freestyle Football Championship to […]

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CBN, Bankers’ C’tte Back Unpaid Loans Recovery From Deposits In Other Banks

In the bid to check abuses over bank loans as well as assist money deposit banks in the country that are yet to meet the required Loans to Deposit Ratio (LDR) of 60 per cent by September 30, the Bankers’ Committee has agreed that, loan defaulters would henceforth be made to forfeit their deposit assets […]

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Emefiele

CBN, Bankers’ C’tee Back Unpaid Loans Recovery From Deposit In Other Banks

In the bid to check abuses over bank loans as well as assist money deposit banks in the country that are yet to meet the required Loans to Deposit Ratio (LDR) of 60 per cent by September 30, the Bankers’ Committee has agreed that, loan defaulters would henceforth be made to forfeit their deposit assets […]

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Elumelu

Elumelu At TICAD Africa Development Conference In Japan, To Advance Entrepreneurship

Eminent Banker and Philantropist, Mr. Tony Elumelu, the Founder of Tony Elumelu Foundation and the Chairman of the United Bank for Africa (UBA), is expected to speak at the Seventh Tokyo International Conference on African Development (TICAD), taking place in Yokohama, Japan from August 28 – 30, 2019. As the leading voice of African entrepreneurship […]

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Buhari

$9bn judgment: Buhari Digs More, Asks EFCC, NIA to probe 2010 contract

Apparently still dazed by a UK court verdict, which directed the seizure of $9.6 billion Nigerian assets, President Muhammadu Buhari has directed the Economic and Financial Crimes Commission, the National Intelligence Agency and the Inspector General of Police to conduct a thorough investigation into Process and Industrial Developments Ltd, to unravel the root cause of […]

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Ms Mary Uduk.

SEC’s E-Dividend net captures 2.7m Shareholders -Set To Release Commission’s Account

The Securities and Exchange Commission (SEC), the apex capital market regulatory authority has said that its e-dividend initiative has been  a huge success, as a total number of 2.7 million accounts of shareholders has been mandated for transmission to the platform as at Thursday August 22, 2019. Similarly, the commission’s account, which has not not […]

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Cabinet

Latest: Buhari Retains Petroleum Portfolio, Swears-In New Cabinet, With Portfolios

President Muhammadu Buhari retains his cabinet position , as Petroleum Minister, the most Nigeria’s  juicy cabinet portfolio, as he swores-in his new cabinet members Wednesday, with their  assigned portfolios.The ceremony took place at the presidential villa in Abuja. With 43 ministers, Buhari now has the largest cabinet in Nigeria’s democratic history. Below is a table […]

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Dangote

Dangote Cement Regains NSE’s Biggest Firm Position

Dangote Cement Plc has regained the top spot as the biggest listed firm on the Nigerian Stock Exchange as sell-offs were witnessed in MTN Nigeria Communication Plc’s shares on Tuesday 20th of August. MTN Nigeria had on Monday, overthrew Dangote Cement, becoming the most capitalised company on the NSE just three months after its listing, […]

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Transparency

Ghana, Nigeria Top Transparency International Africa’s Most Corrupt Countries Rating

Transparency International (TI) has disclosed in a latest report that Ghana has earned its rating as the second most corrupt country in Africa, followed by Nigeria, with South Africa perceived as the most corrupt nation on the continent. The Corruption Perception Index (CPI) by the TI stated that about 71 per cent of people living […]

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Zenith

Zenith Bank’s Half Year Profits Rises To N111.68bn

Zenith Bank Plc has reported an of increase of N111.68 billion in its half year ended June 30, 2019, financial results, compared to the N107.36bn recorded in the same period in 2018. Profit after tax for the period stood at N88.88bn, up from N81.74bn in 2018 The financial statement of the bank for the period […]

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Banks

Power Sector Bad Loans Drags Banks into N100 Billion Indebtedness

A whooping total of N100.42bn loans advanced by the nation’s banks to power firms have been recorded as non-performing, the latest data from the National Bureau of Statistics have revealed. The PUNCH reports that the power and energy sector, out of 22 sectors/business lines, accounted for the fifth biggest share of banks’ N1.69tn non-performing loans […]

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World Bank

CCECC Tops Six Corrupt Chinese Firms Blacklisted By World Bank In Nigeria

The World Bank has blacklisted six Chinese companies currently operating in Nigeria over alleged fraud and corruption. The companies, according to an announcement published on the World Bank’s website, are CCECC Nigeria Railway Company Limited, CRCC Petroleum and Gas Company Limited and CCECC Nigeria Company Limited. Others are China Railway Construction (International) Nigeria Company Limited, […]

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