Headline inflation in Nigeria has risen by 0.71 percent to 16.5 percent in January 2021, from 15.8 percent, recorded in December 2020, thus indicating the 17th monthly rise in inflation since September 2019 when it stood at 11.24 percent. The National Bureau of Statistics, NBS, which indicated this in its Cosumers’ Price Index Report for […]
JUST IN: Nigeria’s Headline inflation rises to 16.5% in January Read More »
Ngozi Okonjo-Iweala, apparently the first female director-general of the World Trade Organisation (WTO), has stressed the need for building a strong organization. In her post-appointment remarks, obtained by The Daily. www.thedaily-ng.com, She said: “I am honoured to have been selected by WTO members as WTO Director-General,” Okonjo-Iweala said on Monday afternoon. “A strong WTO is
Fidelity Bank Plc, a leading Bank, has successfully issued 10 years N41.21 billion in fixed-rate unsecured subordinated bond at an 8.5 percent coupon rate due in 2031. The bond issuance, which was fully subscribed is a landmark achievement in Nigeria. Commenting on the importance of the bond issuance, Chairman, Fidelity Bank, Mustapha Chike-Obi, said: “It
Fidelity Bank Plc successfully issues N41.21bn bond in Nigeria Read More »
HAPPY VALENTINE’S DAY: First Bank admonishes customers to mask while celebrating As the Coronavirus pandemic continues to ravage the world, the First Bank of Nigeria has admonished Nigerians to use their mask while celebrating this year’s Valentine’s Day. In its message to customers, obtained by The Daily, www.thedaily-ng.com, FBN, stated: “Times have changed but our love remains
HAPPY VALENTINE’S DAY: First Bank admonishes customers to mask while celebrating Read More »
CRYPTOCURRENCY: We have sole right to regulate trading in Nigeria — SEC As the controversy over the use of cryptocurrency continues to linger, the Securities and Exchange Commission, SEC has disclosed that it has the responsibility to regulate trading on all digital assets, including the currency in Nigeria. The Central Bank of Nigeria (CBN) Circular of February 5, 2021, had previously
CRYPTOCURRENCY: We have sole right to regulate trading in Nigeria — SEC Read More »
On February 8, 2021, the Board of Directors, under the conditions set forth at the Extraordinary Shareholders’ Meeting of May 26, 2017, decided to decrease the share capital of TOTAL SE by way of cancellation of 23,284,409 treasury shares representing 0.88% of the share capital. According to Total, “These shares were repurchased from October 31,
Share Capital decrease through treasury shares cancellation Read More »
At last, the United States has endorsed Dr. Ngozi Okonjo-Iweala as a candidate for the post of Director General of the World Trade Organization (WTO) following the withdrawal of South Korea’s Trade Minister Yoo Myung-hee. In a statement from the Office of the United States Trade Representative sighted by The Daily, www.thedaily-ng.com, the nation stated:
WTO RACE: At last, the US endorses Okonjo-Iweala Read More »
The South Korean Trade Minister, Yoo Myung-hee, has withdrawn from the World Trade Organisation, WTO race. The battle to become the next Director General of the World Trade Organization (WTO) was highly contested by Nigeria’s Ngozi Okonjo-Iweala and the South Korean Trade Minister, Yoo Myung-hee. This means that Okonjo-Iweala now remains the only candidate for
WTO RACE: Korean candidate quits, leaving Nigeria’s Okonjo-Iweala as last woman standing Read More »
The Securities and Exchange Commission, SEC, has released new requirements for companies applying to act as Nominees for asset owners in Nigeria. Unlike in the past, SEC stated: “a Nominee Company shall have a minimum of three sponsored Individuals, one of whom shall be a compliance officer; b) The Managing Director of the Company shall
ASSET OWNERS: SEC emerges with new requirements firms registration for Nominees Read More »
Central Bank of Nigeria holds benchmark lending rate at 11.5% The Central Bank of Nigeria, CBN, has held its benchmark lending rate at 11.5 per cent at its first interest rate meeting of 2021, as it battles to combat rising inflation and a recession. According to Reuters, Governor Godwin Emefiele said all 10 members
Central Bank of Nigeria holds benchmark lending rate at 11.5% Read More »
