….Commends Dangote Group, Others The Governor, Central Bank of Nigeria, Godwin Emefiele, has advised corporate bodies in the country to take advantage of the Presidential Order 7 to raise infrastructure bonds at concessionary rates to support the Federal Government in its desire to develop infrastructure in Nigeria. Emefiele gave the charge on Saturday during an … Read more
Pension Funds Administrators (PFA) have raised their investments in infrastructure to N34.89bn as of the end of September 2019 from the pension monies in their custody, according to the latest data from the National Pension Commission. Figures obtained from the commission on Friday revealed that the total assets under the CPS stood at N9.58tn as … Read more
The Nigerian economy has gotten a boost amidst border closure drama as Nigeria’s gross domestic product (GDP) grew by 2.28% in the third quarter of 2019. According to the report gathered from the National Bureau of Statistics (NBS), oil production hits a three-year high as the country’s gross domestic product (GDP) grew by 0.17 percentage … Read more
Illegal street traders in Oyingbo have been asked by the Lagos State Government to relocate to the main market as their presence on the roads has caused traffic bottlenecks and impeded free flow of traffic. In a statement signed by the Commissioner for the Environment and Water Resources, Mr Tunji Bello, he said the Oyingbo … Read more
Servicing the nation’s external debt gulped $1.66bn in one year, from July 2018 to June 2019, an analysis of data obtained from the Debt Management Office has shown. According to report, within one-year period, the country’s external debt rose from $21.59bn to $27.16bn. This means that the external indebtedness of the country rose by $5.57bn … Read more
The Cross River State Governor, Prof Ben Ayade, on Thursday, presented the 2020 budget to the House of Assembly. The budget estimate tagged, ‘Budget of olimpotic meristemasis’ is pegged at N1,100,167,507. Ayade described the budget as one anchored on a belief “in the spiritual force, which is the third energy.” He said the budget would … Read more
MultiChoice Group (MCG), Africa’s leading video entertainment group, on Thursday, hosted its second annual media showcase under the theme, ‘Africa’s most-loved storyteller’, in Johannesburg, South Africa. The event had media representatives and stakeholders from across the African continent in attendance. Speaking at the event, Yolisa Phahle, MultiChoice Group CEO of General Entertainment, said the group … Read more
The Managing Director/CEO of First Bank of Nigeria Limited, Mr. Adesola Adeduntan has said the bank is committed to empowering women through its FirstGem product and other array of services. He said this at the third anniversary celebration of FirstBank’s female-focused product ‘FirstGem,’ in Lagos, yesterday, which had in attendance of a multitude of working … Read more
The board of PZ Cussons Ghana Limited has made known its intention to stop trading its shares on the floor of the Ghana Stock Exchange (GSE), Business Post has learned.The board of PZ Cussons Ghana Limited has made known its intention to stop trading its shares on the floor of the Ghana Stock Exchange (GSE), … Read more
The National President of Small Scale Women Farmers Organisation in Nigeria (SWOFON), Mary Afan has bewailed the inability of smallholder farmers’ to access agricultural insurance cover particularly, for women rural farmers in Nigeria. Afan revealed this at the side line of the Validation of Community Participatory Assessment of Government Expenditure on Agriculture/Community Score Cards on … Read more
The Department of Petroleum Resources (DPR), has cautioned owners of filling stations against the increase in hawking and begging activities at the filling stations in Zamfara. According to NAN, the controller inchage of Gusau, DPR field office, Alhaji Ango Haruna, gave this warning during a surveillance patrol of filling stations and gas stations in Gusau … Read more
Heritage Bank Plc, Nigeria’s Most Innovative Banking Service Provider, celebrated International Men’s Day 2019 themed Making a difference for Men and Boys, with event held at every Experience Centres- ECs (branches) of the bank across the country. The financial institution leveraged on this theme and coined a personal theme, which is “Break the Ice; Inspire … Read more
The ministerial directive on reduction of data cost has been ignored by telecommunication firms. It was learnt that the Nigerian Communication Commission (NCC) has not given the instruction to the operators. Ekohotblog recalls that the Minister of Communications and Digital Economy, Dr. Isa Pantami, gave the order on October 20 after receiving the progress report … Read more
The Central Bank of Nigeria (CBN) has endorsed the Association of Corporate Treasurers of Nigeria (ACTN). Deputy Governor, Economic Policy, Central Bank of Nigeria (CBN), Okwu Joseph Nnanna, made this known to the members of the Governing Council of ACTN during their courtesy visit to him in Abuja. READ ALSO: Inflation To Moderate In Three … Read more
Nigeria is set to get support from Denmark as the Danish Ambassador to Nigeria, Ambassador Jesper Kamp disclosed his country’s commitment to creating job opportunities for Nigerians. This according to The Nation was disclosed by the ambassador during the launch of a partnership between FOSS Analytical Business and Prime Atlantic Global Instruments Ltd (PAGI) in … Read more
Mr Godwin Emefiele the Governor of the Central Bank of Nigeria has said that the rise in inflation is temporary and will go down aggressively in another three to four months. Recall the National Bureau of Statistics (NBS), showed inflation figures at a 17-month high, rise to 11.61% in October. READ ALSO: Nigeria’s Inflation Rate … Read more
Ekohotblog understands that the fresh data from the National Bureau of Statistics revealed that the inflation for the month of October has risen by 0.36 basis points year on year to 11.61 percent. The composite food index rose by 14.09 percent in October compared to 13.51 percent recorded in September due to increases in prices … Read more
Access Bank Plc announced on Tuesday that it has appointed Mrs Ajoritsedere Awosika as the new Chairman of its board. Ekohotblog understands Mrs Ajoritsedere will replace Mrs Mosun Belo-Olusoga who is set to retire in early 2020. Olusoga has served as the company’s Chairman for four years since her appointment in July 2015. A statement … Read more
The Chief Financial Officer (CFO) of Seplat Petroleum Development Company Plc, Mr Roger Brown, will from August , 2020, be the new Chief Executive Officer (CEO) of the energy firm. Seplat Petroleum stated that Mr Brown will take charge of day-to-day activities of the company upon the retirement of the present CEO, Mr Austin Avuru, … Read more
Lagos-headquartered fintech Opay has sealed $120 million in a series B financing round from a host of high-profile Chinese investors. The funding comes after the Africa-based fintech company raised $50 million earlier this year in June in the Series A investment. This new Series B capital by Asian investors include Meituan-Dianping, GaoRong, Source Code Capital, … Read more