Finance & Economy - Page 298

CBN Bails Out Discos, Disburses N156.33bn To Boost Power

In order to boost electricity supply within the country, Central Bank of Nigeria (CBN) disbursed N156.33 power Distribution Companies (Discos). The Apex bank also disbursed N36.04 billion to 17 Meter Asset Providers

Kayode Shopekan

July 29, 2021

Agro-Economy·News

FG Determined To Tackle Inflation, Food Security

Tackling the current inflation and other challenges of food security in Nigeria is in top priority list of the Federal Government. This was disclosed by Vice President Yemi Osinbajo, who spoke virtually

Editor

July 28, 2021

Finance & Economy·News

Nigeria’s Capital Investment Falls To $875.6m From $1.9bn in Q2 – NBS

The total value of capital importation into Nigeria declined to $875.62m in the second quarter of 2021 from $1.9bn in the first quarter of 2021. This was disclosed in a report released

Editor

July 28, 2021

Finance & Economy·News

IMF Projects Global Economy To Grow By 6%, Retains 2.5% For Nigeria

The global economy has been projected to grow by 6% in 2021 and 4.9% in 2022, while Nigeria’s growth outlook has remained at 2.5% for the period. The projection was made by

Editor

July 28, 2021

Naira Ends Week With N59.71 Gain At Official Market

Currency·Finance & Economy·News

Naira Depreciates After CBN Stops Sale Of Forex To BDCs

Following Central Bank of Nigeria’s announcement that it has stopped sales of forex to Bureau De Change operators, Naira fell slightly against the U.S dollar at the parallel market on Tuesday. The

Editor

July 28, 2021

Finance & Economy·News

Amazon Debunks Accepting Bitcoin Payment

E-commerce giant, Amazon will not be accepting cryptocurrency as payments by the end of the year as some media reports had claimed. Amazon debunked the reports on Monday. “Notwithstanding our interest in

Kayode Shopekan

July 27, 2021

News·Oil & Gas

Oil Price Gains 0.54%, Closes At $75

Brent Crude on Monday gained 0.54% to close at $74.5 per barrel, with WTI also recorded a 0.31% increase in price and Bonny Light growing 1.27% to close at $72.8 per barrel.

Kayode Shopekan

July 27, 2021

Finance & Economy·News

CBN Stops Issuance Of License To Bureau De Change Operators

Licences will not be issued to new Bureau De Change Operators across the country, the Central Bank of Nigeria (CBN) has said. The apex bank governor, Godwin Emefiele disclosed that CBN receives

Editor

July 27, 2021

Finance & Economy·News

House Of Reps Asks EFCC To Prosecute NHIS, NIMASA, Others

The House of Representatives committee on public accounts has recommended the prosecution of former and serving management staff of the Ministries, Departments and Agencies (MDAs) of the federal government for failing to

Editor

July 27, 2021

Finance & Economy·News

Unilever Nigeria Grows Profit By 60% In Six Months

Unilever Nigeria PLC has disclosed that its gross profit increased by 60% to N9.9bn for the 6-month period ended June 30, 2021 from N6.2bn in the corresponding period of 2020. The company

Editor

July 27, 2021

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Finance & Economy - Page 298

CBN Bails Out Discos, Disburses N156.33bn To Boost Power

FG Determined To Tackle Inflation, Food Security

Nigeria’s Capital Investment Falls To $875.6m From $1.9bn in Q2 – NBS

IMF Projects Global Economy To Grow By 6%, Retains 2.5% For Nigeria

Naira Depreciates After CBN Stops Sale Of Forex To BDCs

Amazon Debunks Accepting Bitcoin Payment

Oil Price Gains 0.54%, Closes At $75

CBN Stops Issuance Of License To Bureau De Change Operators

House Of Reps Asks EFCC To Prosecute NHIS, NIMASA, Others

Unilever Nigeria Grows Profit By 60% In Six Months

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