Archives for April 5, 2019
DMO Proposes N1.648 Trillion Borrowing Plan For 2019
The Debt Management Office (DMO), On Thursday released a proposed borrowing plan of N trillion for 2019 financial year, subject to the approval of the National Assmebly.…
NDIC recovers N29bn from liquidated banks
The Nigeria Deposit Insurance Corporation says it has so far recovered N29bn from debtors of liquidated deposit money banks, microfinance banks and primary mortgage banks in the…
Dangote refinery’ll improve Nigeria’s trade balance by $2bn yearly –IMF
The International Monetary Fund has said the crude oil refinery being built by Dangote Industries Limited will improve the trade balance by $2bn per year after coming…
Mercedes Opens New Factory In Russia
Germany’s Daimler AG has opened a new Mercedesfactory in Russia, part of a 250 million euro ($281 million) investment it says will create 1,000 jobs. CEO Dieter Zetsche explained that…
Nigeria’s debt Records N24.39tn, Grows by N2.66tn in one year
Nigeria’s total debt profile as of December 31, 2018, now stands at The figure swelled by per cent from in 2017 to in 2018. The debt…
NSE Unveils Multi-Asset Brand Campaign
By Ngozi Onyeakusi ---As part of efforts to boost investor education and increase investor participation in the Nigerian capital market, the Nigerian Stock Exchange (NSE) has flagged…
NSE ASI Dwindles by 0.39% on Sustained Sell-Offs
By Ngozi Onyeakusi --- The NSE ASI waned by amid sustained equities sell-off with the Local Bourse printing 19 losers against 11 gainers at close of…
AIB set to publish final reports on air accidents April 25
L-R: The managing director of Springfountain, Mr. Tunde Fagbemi; director human resources and administration, Accident Investigation Bureau (AIB), Mr. Dalhatu Kakangi; group managing director and chief executive officer…
ECOWAS To Witness Growth By to 2020—AfDB
Economic Community of West Africa States can benefit immensely from many opportunities such as diversification, infrastructure development, and linking production to global value chains. The Africa…
Bankers’ Committee Supports Exporters With N200b Single Digit Loan
Commercial Banks said they are supporting different stages in the value-chains in export businesses in the country with N200 billion. This was disclosed to journalists at a news…