By Our Correspondent Economies in the Middle East and North Africa (MENA) are expected to grow at a slower pace in 2023, as double-digit food inflation adds pressure on poorer households and the impact of food insecurity can span generations, according to the World Bank’s latest economic update. Titled “Altered Destinies: The Long-Term Effects of […]
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By Eyo Nsima The Ecobank Group has realised a 13 per cent growth in profit before tax, PBT, to $540 million in the financial year that ended December 2022. The bank disclosed that the growth in PBT was fuelled by the benefits of its diversified business model during the period under review. It also maintained
ECONOMY: Ecobank increases profit by 13% to $540m Read More »
By Our Correspondent The winners of Veritas Kapital Assurance PLC CSR Quiz Competition for students in tertiary institutions have been rewarded with many gifts. Executive Director (Operation), Veritas Kapital Assurance PLC, Mr. Olasunkanmi Adekeye dislosed that the initiative was targeted at promoting students’ interest in insurance. Speaking during the presentation of various prizes in Lagos,
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By Eyo Nsima Access Holdings Plc has completed the injection of a US$300 million (Three Hundred Million United States Dollars) capital investment into Access Bank Plc, its major subsidiary. In a statement obtained by The Daily, https://thedaily-ng.com, Sunday Ekwochi, Company Secretary stated:” Over the years, the Bank has made significant strides towards attaining strong market
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NCC Recommends Two-Factor Authentication to Secure WhatsApp The Nigerian Communications Commission’s Computer Security Incident Response Team (NCC-CSIRT) has recommended that users of the popular messaging app, WhatsApp, set up Two-Factor Authentication (2FA) to avoid falling victim to account takeover by hackers. In an advisory issued on Tuesday, NCC-CSIRT noted that WhatsApp, which is a Meta-owned
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By Eyo Nsima There were indications that Nigeria has not been attracting much investment as Capital imported into the nation’s economy recorded the fourth consecutive quarterly decline to $1.06 billion in the fourth quarter of 2022 (Q4’22), from $1.15 billion in Q3’22. Data obtained by The Daily, https://thedaily-ng.com, from the National Bureau of Statistics, NBS,
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TSA congratulates Governor Sanwo-Olu on his re-election Truck Safety Audit Limited, an accredited Safety Consultant with Lagos State Safety Commission has congratulated the Governor of Lagos state, Mr. Babajide Olusola Sanwo-Olu, on his re-election. In a statement obtained by The Daily, the Managing Director of the company, Mr. Lawal Kamaldeen, commended Mr. Sanwo-Olu for
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By Eyo Nsima President Muhammadu Buhari has extolled the Chairman, UBA Plc, Tony Elumelu on the occasion of his 60th birthday, stressing that he has brought honour to Nigeria and Africa. According to the Special Adviser to the President, Media & Publicity, Femi Adesina, “President Muhammadu Buhari rejoices with distinguished banker, economist, and philanthropist, Tony
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By Godswill Odiong The Managing Partner, Gbenga Badejo and Co. (Chartered Accountants & Tax Practitioners), Mr. Gbenga Badejo, weekend, hinted that the ongoing demonetization would culminate in the reduction of black money circulation, tax evasion, corruption, and other vices in Nigeria’s economy. The Managing Partner, who refers to Black money as income that
NCC Unveils Consumer TELCARE Centre at Abuja Airport The public concourse at the Terminal C of the Nnamdi Azikwe International Airport, Abuja is the first beneficiary of a Telecom Consumer Assistance, Resolution and Enquires (TELCARE) Centre unveiled by the Nigerian Communications Commission (NCC) was as one of the series of events to mark the 2023 International
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