The Central Bank of Nigeria, CBN, has commenced moves, targeted at mopping about N6.96 trillion from the banks as it increases Cash Reserve Ratio, CRR – a percentage of cash deposit with CBN – from 22.5 per cent to 32.5 per cent. The Monetary Policy Committee of the CBN, yesterday, announced that banks would be […]
Central Banks of Nigeria mops about N6.96trn By Eyo Nsima Read More »
In what has been termed a major move to bridge the gap in helping small businesses access much needed funding and capacity development initiatives, leading financial institution -Fidelity Bank Plc – has announced a strategic partnership with the Small and Medium Enterprises Development Agency (SMEDAN). At a Memorandum of Understanding (MOU) signing ceremony held in
Fidelity Partners SMEDAN to Empower SMEs Read More »
By Eyo Nsima The Russian-Ukraine war will continue to impact negatively on Nigeria’s economy, according to the Federal Government. In its Medium Term Expenditure Framework & Fiscal Strategy report, obtained by The Daily, www.thedaily-ng.com, the Budget Office of the Federation, disclosed that the Russia – Ukraine war is central to key risk indicators over the
RUSSIA-UKRAINE WAR: How it will continue to impact Nigeria’s economy Read More »
By Eyo Nsima In a bid to fully evaluate and sustain communication and public relations best practices around the globe, as well as offer solutions to persistent problems in the PR industry, P+ Measurement Services, a leading media intelligence agency, will be hosting the 21st edition of #EvaluatePR, welcoming all communications and public relations stakeholders
P+ Measurement Services is set to host the 21st Edition of #EvaluatePR Read More »
A class of shareholders of the NGX Group has frowned at its recently held 61st Annual General Meeting (AGM) and notified the company of its grievances through its lawyers, Messrs S. O. C. Legal represented by its Senior Partner, Oluwaseyilayo Ojo, who has commenced the pre-action protocol to set aside all resolutions at the AGM
Dissenting NGX Shareholders fault resolutions at company’s 61st AGM Read More »
By Our Correspondent Uniper, a German energy company, and Vesta Terminals, a Dutch enterprise, have signed a Memorandum of Understanding to evaluate the feasibility of expanding and refurbishing an existing ammonia storage facility in the Netherlands, according to FleetMon. It stated: “The companies plan to develop the existing ammonia storage facility into a new energy
Uniper ,Vesta unite to bring Ammonia to Northern European Markets Read More »
By Eyo Nsima United Bank for Africa (UBA) Plc, Africa’s leading global bank has announced its audited financial results for the half-year ended on June 30, 2022. At the end of the first half of the year, UBA Plc was able to deliver a 12.6 per cent appreciation in profit before tax to N85.7bn, up
By Eyo Nsima The International strategic communications and ESG consultancy Hudson Sandler has appointed Onyebuchi Ajufo as Partner in charge of its West Africa business. The appointment reflects Hudson Sandler’s continued growth in Africa, driven by flagship offices in Kenya and Nigeria. Hudson Sandler Africa has grown rapidly over the last two years and is
The Nigerian economy has recorded impressive recovery from the recession induced by the COVID-19 pandemic in 2020. The economy has consistently recorded growth rates breaking many analysts’ predictions of expected lower growth rates. However, the economy has continued to struggle with many inhibiting burdens like inflation, weak revenue generation, degenerated infrastructure, forex challenges, unsustainable cost
LCCI STATEMENT ON NIGERIA’S ECONOMIC GROWTH PERFORMANCE Read More »
By Eyo Nsima Emirates Airlines has restored its operations back to Lagos, Nigeria with effect from September 11, 2022. The airline had suspended its operations over alleged inability to repatriate funds from Nigeria. But in an email to customers, the Emirates, stated: “We are pleased to inform you that effective from 11th September 2022, we
JUST IN: Emirates returns to Lagos, Nigeria Read More »
